Stephen Nellis | Monday, October 4th, 2010
CytomX to take venture money and run
Top StoriesSanta Barbara-based biotech firm CytomX Therapeutics has raised $30 million in venture capital and announced plans to move to the San Francisco Bay Area by the end of the year. The company is developing technology that would help antibodies better target the disease tissue they’re intended for, reducing harmful side effects. It was founded by Read More →
Stephen Nellis | Monday, August 23rd, 2010
Ruling on Chumash property key to Santa Ynez Valley future
Top StoriesThe fate of a 6.9-acre plot near the Chumash Casino could determine the future shape of the Santa Ynez Valley, one of the top tourist destinations in the Tri-Counties. The Santa Ynez Band of Chumash Indians is working to annex the parcel to build a cultural center, museum and 27,600-square-foot, two-story commercial building. Whether the Read More →
Stephen Nellis | Monday, August 9th, 2010
Weighing the options for Harbor Freight
Banking & Finance, Top StoriesBy Stephen Nellis Staff Writer Something big was in the works at Harbor Freight Tools, the nationwide discount tool retailer, when a father-son struggle for control of the company broke out in Los Angeles Superior Court on July 14. The closely held private company was in the midst of moving its Camarillo headquarters to Calabasas. Read More →
Stephen Nellis | Monday, May 10th, 2010
Pacific Capital’s Ford infusion
Banking & Finance, Banking Industry, Top Stories, Tri-County Public CompaniesPacific Capital Bancorp’s $500 million rescue by a private equity firm would spread the pain among shareholders, debt holders and the U.S. Treasury. But it also spreads the upside if the bank recovers, and in the meantime it might be the only way to keep the Santa Barbara Bank & Trust name alive in the Read More →
Stephen Nellis | Monday, March 22nd, 2010
Storm water rules go back for revision
Top StoriesBowing to protests from builders and property owners, state water regulators have reopened the debate on new stormwater rules that could substantially increase the cost of new commercial construction in Ventura County for decades to come. On March 11, the Los Angeles Water Board agreed to a request from state regulators to hold a new Read More →
Stephen Nellis | Monday, February 1st, 2010
Distenfield takes stand in bankruptcy
Top StoriesIra and Linda Distenfield asked the American people to trust them with their legal documents. In the late 1990s and early 2000s, they built We the People, their discount legal filing business, into a nationwide chain of more than 1,000 stores. They garnered the endorsement of Rudy Giuliani and inked a deal to sell their Read More →
Stephen Nellis | Wednesday, January 20th, 2010
Court wants Distenfield to pay legal bills
Latest newsAfter a daylong trial Jan. 20, a bankruptcy court in Santa Barbara let stand an earlier ruling that Ira Distenfield aimed to deceive Los Angeles attorney Richard Lubetzky by concealing a stock sale and not paying $115,000 in legal fees related to the sale of We the People. U.S. Bankruptcy Court Judge Robin L. Riblet Read More →