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AppFolio to sell legal unit for $193M

By   /  Tuesday, September 8th, 2020  /  Banking & Finance, Latest news, Law, Real Estate, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  No Comments

In a move that reflects a shifting landscape for the software business, Goleta-based AppFolio said Sept. 8 that it is selling its MyCase legal practices suite of services for $193 million to a group of private equity funds. The all-cash deal concentrates AppFolio’s services in the real estate management field, where it has carved out Read More →

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UC files new complaint in lightbulb licensing dispute

By   /  Tuesday, September 1st, 2020  /  Education, Energy, Latest news, Law, South Coast, Technology, Tri-County Economy  /  No Comments

Efforts to secure licenses for UC Santa Barbara’s LED lighting patents entered a new chapter on Aug. 31, with the launch of a second round of complaints against major retailers. Filed by Nixon Peabody on behalf of the Regents of the University of California, the complaint calls for an ITC investigation of imports by General Read More →

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Montecito man gets 3 years for stock fraud scheme

By   /  Monday, August 31st, 2020  /  Latest news, Law, South Coast, Tri-County Economy  /  No Comments

Efstratios “Elias” Argyropoulos of Montecito was sentenced Aug. 31 to three years in federal prison for defrauding 130 investors out of more than $3.4 million, federal prosecutors announced. Argyropoulos was the president and sole shareholder of the financial services firm Prima Ventures from 2010 to 2015. During that time, he told investors he had the Read More →

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Direct Relief benefits from settlement over overpriced, counterfeit masks

By   /  Friday, August 28th, 2020  /  Central Coast Health Watch, Latest news, Law, Nonprofits  /  No Comments

Amazon and 3M teamed up to fight back against sellers who price-gouge essential personal protective equipment supplies, and they’re donated the results of that lawsuit to Direct Relief, the Santa Barbara-based nonprofit. 3M filed the lawsuit June 8, asserting that third-party sellers used Amazon to defraud customers by misrepresenting the condition of fake respirators, as Read More →

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Ventura, Santa Barbara counties go to court to shut down gyms

By   /  Thursday, August 27th, 2020  /  Central Coast Health Watch, Latest news, Law, Small Business, South Coast, Subscriber content, Top Stories, Top Story, Tri-County Economy, West Ventura County  /  No Comments

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Charges filed in Wolfe & Associates hacking case

By   /  Thursday, August 13th, 2020  /  Latest news, Law, Real Estate, South Coast, Tri-County Economy, West Ventura County  /  Comments Off on Charges filed in Wolfe & Associates hacking case

Felony charges were filed Aug. 12 against six people suspected of hacking into the computer networks of Wolfe & Associates, a Santa Barbara-based property management firm, as part of an unemployment insurance fraud scheme. The suspects—Gordon Alan Welteren, Nicole Michelle Milan, William Lee Gormley and Christina Renata Hesler of San Diego; David Zarate of Oxnard; Read More →

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Crimson, contractor will pay $1.6M to settle claims over 2016 Ventura oil spill

By   /  Tuesday, July 21st, 2020  /  Energy, Latest news, Law, West Ventura County  /  Comments Off on Crimson, contractor will pay $1.6M to settle claims over 2016 Ventura oil spill

The companies responsible for a 2016 oil spill in the Ventura foothills will pay the state and county $1.6 million in a legal settlement announced July 21. Crimson Pipeline agreed to pay $1.3 million in civil penalties and costs, according to a news release from Ventura County District Attorney Greg Totten’s office. Crimson’s contractor, CD Read More →

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