A select few creditors of the LandAmerica Financial Group bankruptcy estate are getting a little extra recompense, money leftover from Bruce Matson’s theft and subsequent repayment of nearly $3 million in wind-down funds.
A potential white knight has swooped in to pull a local office furniture company out of bankruptcy – and he comes from within the ranks of the company itself.
Eric Rohr was sentenced Thursday in Manhattan to time served, meaning no additional time behind bars, plus three years of supervised release, including one year of home detention.
Eric Rohr’s attorney and federal prosecutors are urging leniency due to his extensive cooperation in the case, including serving as a key witness in the trial against his former boss, Live Well founder Michael Hild.
The dismissal, which came on April 10, ties up a loose end ahead of the island’s sale to the City of Richmond, which is working with the Capital Region Land Conservancy to acquire the 15-acre island and turn it into a park.
Upon filing for Chapter 11 protection last month, the company said the process will allow it to remain in business and retain its 35 employees while attempting to sell the business or restructure its debts.
Lustre, born out of Adolf Jewelers, is fighting to be let free from a $5 million lawsuit filed against one of its owners and her husband, claiming the couple’s nanny was sexually harassed on the job and discovered a hidden camera in the bathroom of the family’s home.
The moves come at a time of rapid growth for O’Hagan, while the departures leave Miles & Stockbridge with just two attorneys in Richmond. But the firm is finalizing a lease for a new, larger office in a bid to recruit new talent and ramp back up quickly.
The firm, which currently has around 70 attorneys and an appetite for growth, is relocating its downtown headquarters from the Bank of America building to 35,000 square feet at Truist Center.
At least three lawsuits and eight warrant-in-debt actions have been filed against the company since its sudden closure on March 15. Clients and subcontractors thus far say they’re owed more than $200,000.
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