With reported shareholder payments and sales commissions allegedly totaling some $339 million, a group of creditors has asked for court permission to launch an investigation that could potentially unearth money owed to the Chapter 11 estate.
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Former McKesson building sold for $4.3M
With the medical giant relocated to the old Circuit City complex, U-Haul has moved into its former West End space, creating one of the company’s largest locations.
HDL buyer to dissolve brand
The Health Diagnostic Laboratory name that was once a point of pride for the Richmond startup scene will eventually vanish under new ownership. But the firm will continue to operate downtown, and a portion of its workforce will hold onto their jobs.
The Pitch: Advertising and marketing news for Sept. 29, 2015
Bon Secours and VCU Health launch new campaigns, an agency does pro bono group for a veterinary clinic, and several local companies upgrade their websites.
Businesses’ bike race bustle and hopes for the final sprint
Sales may not have skyrocketed this week like many business owners hoped, but local companies around the city are engaged in the event and looking ahead to this weekend’s big races.
Bike race nonprofit closes in on $21M goal
As cyclists start their race through the city, the nonprofit that organized the event is depending on a final spurt of business to push it over the fundraising finish line.
Newsbites: Noteworthy tidbits for Sept. 22, 2015
Announcements, awards and other news in local real estate, law, nonprofits, healthcare and more.
Sandwich chain grabs seat in new downtown tower
The downtown skyline’s newest addition has landed a national sandwich chain to fill out its ground-floor space.
Nonprofit dishes out $100K to local startups
An annual program to fund and guide startups has chosen this year’s participants, which each receive a $20,000 check, a course in building their businesses, and an opportunity to pitch to investors.
Judge approves $37M sale of HDL
With very little courtroom drama, HDL was given the OK on Wednesday to sell the bulk of its assets to a Texas lab company.