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Bank sues developer of Atascadero project over $6.2M default

By   /  Friday, October 28th, 2011  /  Law, Real Estate, Top Stories  /  Comments Off on Bank sues developer of Atascadero project over $6.2M default

The Santa Barbara developer pushing to build one of the biggest retail projects on the Central Coast faces a lawsuit from its lender alleging that it has defaulted on $6.2 million in debt. The Rottman Group submitted a joint application with Walmart in 2006 to build a retail complex on the north side of Atascadero Read More →

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Solar penny stock firm faces lawsuit

By   /  Friday, October 21st, 2011  /  Law, Technology, Top Stories  /  Comments Off on Solar penny stock firm faces lawsuit

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Vitesse slashes work force, faces lawsuit

By   /  Friday, October 7th, 2011  /  Banking & Finance, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Vitesse slashes work force, faces lawsuit

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Banco BuenaVentura investors go after company’s remains

By   /  Friday, September 23rd, 2011  /  Banking & Finance, Banking Industry, Law, Top Stories  /  Comments Off on Banco BuenaVentura investors go after company’s remains

Investors in now defunct Banco BuenaVentura are claiming the bank’s founder and his son defied orders from federal banking regulators and siphoned off investor money to pay for beachside condominiums and charted jet rides before regulators demanded that the bank liquidate in 2009. The allegations emerged in a lawsuit against the onetime Oxnard bank filed Read More →

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Allergan squeezes ex-employee inventor

By   /  Friday, September 16th, 2011  /  Law, Top Stories  /  Comments Off on Allergan squeezes ex-employee inventor

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Cappello seeks $12M from Klein estate

By   /  Friday, September 9th, 2011  /  Law, Top Stories  /  Comments Off on Cappello seeks $12M from Klein estate

A Santa Barbara law firm is suing a deceased hedge fund manager’s estate for as much as $12 million in allegedly unpaid contingency fees. Cappello & Noël filed a lawsuit against the estate of Michael Klein, the fast-rising financial star who died in an airplane crash in Panama in 2007, along with Pacificor, the hedge Read More →

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Select plans appeal of $50M judgment

By   /  Friday, September 2nd, 2011  /  Law, Top Stories  /  4 Comments

Santa Barbara-based Select Staffing plans to appeal a $50 million decision against it in a lawsuit that alleged the firm underpaid its workers compensation insurance premiums by $30 million and underreported its payroll to state officials. The lawsuit was filed in state court in San Francisco by the State Compensation Insurance Fund, a quasi-public nonprofit Read More →

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