The plaintiff claims the company’s pending merger with a California peer is unfair and violates the Securities Exchange Act of 1934.
Law
Law firms feud over millions in class action settlement fees
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.
Imprisoned Bruce Matson settles with LandAmerica trustee
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.
Midlothian investment firm sues Va. Beach competitor in trademark dispute
Is the name Virginia Asset Group confusingly similar to Virginia Asset Management? The latter’s federal trademark lawsuit seeks to answer that question.
Live Well Financial trustee questions Hilds’ efforts to sell assets
The trustee overseeing the bankruptcy of Michael Hild’s collapsed mortgage company is suspicious.
Josh Romano found guilty on four fraud counts, faces new bankruptcy lawsuit
“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.
Romano testifies in final day of his federal fraud trial
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.”
Romano trial, Day 2: ‘Robbing Peter to pay Paul’
Jurors on Tuesday heard from witnesses including Lindsey Passmore, the paralegal who has pleaded guilty to helping Josh Romano misappropriate funds and is cooperating with the prosecution in hopes of a lesser sentence.
Law firm Reed Smith poaches attorney group from Hirschler
An investment management law practice led by Brian Farmer and Ed Klees made their move earlier this month.
Romano trial begins: ‘Richmond famous’ vs. ‘rich and famous’
Former local house-flipper Josh Romano is facing charges that he conspired to commit bank fraud and committed wire fraud against one of his former lenders.