Innsbrook-based LandAmerica’s former 1031 exchange customers have come to the final stage of grief: acceptance. After a fiercely contested and emotional battle against the formerly Richmond-based title insurance company, 97 percent of the exchangers voted for the bankruptcy plan.
Restaurant Chain With Short Pump Location Files For Bankruptcy Protection
A recent entrant to the local restaurant scene with a location in the Far West End has filed for bankruptcy protection. Pittsburgh-based Max and Erma’s filed for Chapter 11 bankruptcy protection Friday to stave off one major creditor. The Short Pump location is in the John Rolfe Commons Shopping Center.
S&K Menswear’s Customer List & Intellectual Property Being Sold
Streambank will again be coming to Richmond to sell off the intellectual properties of a now defunct Short Pump-based retailer, S&K Menswear. The Massachusetts-based advisory firm helped another former Short Pump-based chain, Circuit City, sell it’s intellectual property, including trademarks and customer data.
New Startup Rises From Ashes Of Short Pump-Based S&K
And from the ashes, new life emerges. Sounds biblical, but in this case it applies to three entrepreneurs who have a plan to sell low-priced menswear online. Bert Hardy and two other former S&K Menswear executives are trying to take the S&K model and cut out the stores, leaving a profitable online operation.
Former S&K CEO Well Suited For New Job
The former chief executive of Short Pump-based S&K Menswear has found a new home as the president of locally-based RetailData Services.The company collects information about supermarkets and sells it to the grocery industry. Oliver said he wanted to stay in retail and had known about the company for a decade.
LandAmerica Creditors Say Lawyer Fees Too High
There’s more trouble for the formerly Innsbrook-based LandAmerica. A group of former 1031 Exchange customers are irate that lawyers’ fees are gobbling up money they hope to recover. Lawyers working for the bankrupt entity, as well as for the creditor’s committee, get paid from the disputed pot of money, while creditors must hire their own lawyers.








