Wednesday’s hearing preceded sentencing that’s scheduled in January for Romano, a once-prominent local house-flipper who was found guilty last month on fraud and embezzlement charges.
Pierce McCoy has taken a liking to ground floor spaces in downtown office buildings to give it street-level visibility.
The agreement effectively ends a legal scandal that began three years ago when Matson, a now-disbarred veteran Richmond attorney, was caught stealing millions of dollars from LandAmerica’s bankruptcy winddown fund while serving as the estate’s trustee.
The plaintiff claims the company’s pending merger with a California peer is unfair and violates the Securities Exchange Act of 1934.
A 14-attorney firm from Richmond is battling a much larger firm from Alabama in a case that’s gone from circuit court to federal court with at least $2 million at stake.
The deal allows the former Richmond attorney to walk away from the lawsuit without paying any additional money back into the LandAmerica bankruptcy estate and ends all disputes between the two sides.
Is the name Virginia Asset Group confusingly similar to Virginia Asset Management? The latter’s federal trademark lawsuit seeks to answer that question.
The trustee overseeing the bankruptcy of Michael Hild’s collapsed mortgage company is suspicious.
“I think ultimately that is reflective of how this case isn’t what anybody thinks it seemed on its face,” Romano’s attorney said of the mixed verdict. Sentencing is set for Jan. 19.
The once-prominent house flipper said his job was “bricks and sticks” and put the blame for the missing funds on a law firm. “It turns out, that celebrity was a curse,” said his attorney. “It put a target on him.”
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