Chris Harrison has denied claims of fraud and money laundering and countersued two of the project’s investors, all while working to finalize a deal with the City of Petersburg to sell back the controversial old Ramada Inn property.
Law
Bankers claim victory as SCC rules against VACU expansion bid
After a three year legal dispute, the Virginia State Corporation Commission decided Virginia Credit Union cannot offer membership to the 10,000-member Medical Society of Virginia.
Upstart Chesterfield airport operator shut down by the county after a year
Richmond Executive Aviation, which launched in June 2021 to bring more competition to the municipal airport, was forced to cease operations late last month.
The Docket: Local court roundup for 7.21.22
An airport hotel says is it due nearly $1 million for water damage covered by an insurance policy. (BizSense Pro subscription required)
Enrichmond Foundation board votes to dissolve nonprofit
The move kicks off a process of winding down the organization’s operations, which include the Evergreen and East End cemeteries.
Judge approves $21M settlement in LeClairRyan bankruptcy dispute
The settlement wraps up one of the most high-profile disputes to result from the law firm’s collapse in September 2019 and captures another large pool of funds for the firm’s creditors.
Facing stock price freefall and big losses, CarLotz shutters half its stores
The Scott’s Addition-based used car consignment company has hit nonstop speedbumps since going public through a SPAC deal last year.
Law firm merger to bring new national brand to Richmond
McGonigle, founded in 2010 by a group of attorneys from LeClairRyan, is merging into Davis Wright Tremaine in a deal that includes an office in Innsbrook.
Acorn Sign Graphics revived after bankruptcy auction
A Pennsylvania-based company is the new owner of the Acorn name and has begun to open a new office and hire back some of the company’s former employees.
Model Tobacco developer sued by two investors who claim fraud
As work continues on the redevelopment of the Art Deco-style former tobacco factory in South Richmond, they seek a jury trial and damages of at least $4 million from Chris Harrison.