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By Stephen Nellis / Friday, June 15th, 2012 / Banking & Finance, Law, Top Stories, Tri-County Public Companies / Comments Off on Amgen case puts class action rules to test
Thousand Oaks-based Amgen is set to argue a case before the U.S. Supreme Court that could make it harder for shareholders to band together and sue publicly traded companies over public comments made by top officials. The court agreed to hear a stock-fraud case this fall between Amgen and Connecticut Retirement Plans and Trust Funds, Read More →
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By Marlize van Romburgh / Friday, April 13th, 2012 / Columns, Real Estate / Comments Off on Atascadero project on the rocks as key parcels head for auction
The parcels for The Annex, a 130,000-square-foot retail development in Atascadero, will be put up for public auction on April 24.
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By Dana Olsen / Friday, April 13th, 2012 / Law, Real Estate, Top Stories, Tourism / Comments Off on City alleges Pini operates hotel illegally
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By Stephen Nellis / Friday, February 24th, 2012 / Banking & Finance, Small Business, Top Stories / Comments Off on In a crunch, State Fund targets small businesses
The State Compensation Insurance Fund, a government-sponsored insurer of last resort that’s hurting for business, has taken its hunt for cash into the courts, suing mom-and-pop contractors and billion-dollar companies alike in the Tri-Counties. The suits appear to be part of a crackdown on collections as the fund prepares to lay off thousands of workers Read More →
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By Stephen Nellis / Friday, January 13th, 2012 / Banking & Finance, Banking Industry, Top Stories / Comments Off on Bank moves to seize Saabs at port
A bank backed by Uncle Sam is suing to seize a stash of Saab vehicles at the Port of Hueneme as the iconic Swedish car brand heads for the sunset. Ally Financial, a bank three-quarters owned by the U.S. Treasury, wants court approval to take control of 151 vehicles being stored at the port by Read More →
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By Stephen Nellis / Friday, December 2nd, 2011 / Top Stories, Tri-County Public Companies / Comments Off on Venoco, state tangle over oil royalties
[wikichart align=”right” ticker=”NYSE:VQ” showannotations=”true” livequote=”true” startdate=”02-06-2011″ enddate=”02-12-2011″ width=”300″ height=”245″] Venoco faces allegations from the State Lands Commission that it underpaid the state $9.5 million for the oil pumped from Platform Holly off the Goleta coast. The claims came in a lawsuit filed Nov. 16 by the State Lands Commission in Santa Barbara Superior Court. It Read More →
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By Stephen Nellis / Friday, November 18th, 2011 / Top Stories / 3 Comments
[EDITOR’S NOTE: This story was updated and corrected at 1:45 p.m. on Nov. 21. Scroll to the bottom for the correction.] The State Compensation Insurance Fund and the region’s biggest private company are taking off the gloves in a fight over a $50 million fraud judgment. At issue is whether an $80 million dividend paid Read More →
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