Judge orders Plains to stop misleading oil spill claimants
A U.S. District Court ordered Plains All American Pipeline to stop misleading claimants seeking to recover interim damages from the Refugio oil spill and invalidate releases that preclude them from joining the class-action lawsuit and recouping further compensation. “The Court finds that Defendants are engaged in misleading conduct by using the OPA claims process — Read More →
Read More →Baxalta laying off 100 employees in Thousand Oaks
Baxalta, a biotechnology company with 1,200 employees in Thousand Oaks, is laying off 100 workers at that office on May 1. Layoffs will affect 239 Baxalta employees across the state at offices in Thousand Oaks, Los Angeles and Van Nuys, according to notices filed March 2 with the state of California. At Baxalta’s office at Read More →
Read More →SBA offers loans to businesses affected by Ventura Harbor closing
The Small Business Development Center at 1603 Anchors Way in Ventura will provide loan counseling to businesses affected by the recent closure of the Ventura Harbor through March 3. The U.S. Small Business Administration declared the closure a disaster, enabling it to provide assistance to businesses that experienced adverse financial impacts. Economic Injury Disaster Loans Read More →
Read More →Citizens Business Bank finalizes acquisition of County Commerce Bank
Citizens Business Bank finalized its acquisition of County Commerce Bank, the company announced on Feb. 29. In exchange for all of County Commerce’s common stock and options, Citizens paid $41.25 million — half in stock and half in cash. That equates to $16.79 per County Commerce share. County Commerce earned 40 consecutive “Five Star” quarterly Read More →
Read More →Semtech adds Li to board of directors
Semtech, a Camarillo-based supplier of analog and mixed-signal semiconductors, announced Feb. 29 that its board of directors has appointed Ye Jane Li as its newest director, effective Feb. 25. Li has been a strategic advisor to Diversis Capital, LLC, a private equity firm that invests in middle-market companies, since 2013. Li was the chief operating Read More →
Read More →Resonant names president, chief commercial officer
Resonant, a late-stage development company based in Goleta that creates innovative filter designs for radio frequency front-ends for the mobile device industry, announced Feb. 29 that it has named George B. Holmes to the newly created post of president and chief commercial officer and appointed him to its board of directors, effective immediately. Holmes brings Read More →
Read More →Minuteman 3 missile launched from Vandenberg Air Force Base
The U.S. Air Force conducted its second intercontinental ballistic missile test from Vandenberg Air Force Base in a week Feb. 25. An unarmed Minuteman 3 launched at 11:01 p.m. from Vandenberg on Feb. 25 only five days after the U.S. launched another Minuteman 3. The missile traveled about 4,200 miles and hit a target near Read More →
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