Amgen loses case before U.S. Supreme Court
Thousand Oaks-based Amgen has lost a case before the U.S. Supreme Court that would have made it much more difficult for shareholders of public companies to band together and sue firms when their leaders make false or misleading statements. In Amgen v. Connecticut Retirement Plans and Trust Funds, the biotech giant sought to tighten the Read More →
Bacara Resort sold to Pacific Hospitality Group
Pacific Hospitality Group on Monday morning confirmed its purchase of the 78-acre Bacara Resort & Spa in Goleta. The Business Times first reported the pending sale of the 360-room resort last week. Pacific Hospitality, based in Irvine, already owns numerous high-end coastal properties. It purchased Bacara from Ohana Real Estate Investors and Rockpoint Group for Read More →
Xirrus raises $10.1M
Thousand Oaks-based wireless firm Xirrus has raised $10.1 million in venture capital, bringing its total operational funding to an estimated $90 million. The latest funding round was disclosed in securities filings and follows a $23.7 million round in September 2012 that was led by existing investors August Capital, Canaan Partners, InterWest Partners, QuestMark Partners and Read More →
From ice skater to spa legend : Oaks at Ojai’s Sheila Cluff tells her story
On first blush, Sheila Cluff comes across as the quintessential California girl. She’s blond and athletic, smart and funny. But her recently published memoir, “Living Your Dream,” reveals the Sheila Cluff behind the persona of a successful entrepreneur in the fitness business and owner and developer of The Oaks at Ojai. We learn that as Read More →
Hopkins, Smith leave Sheppard Mullin for Cooley
Thomas Hopkins and Ian Smith, two of the top deal-making attorneys in the Tri-Counties, have left Sheppard Mullin Richter & Hampton for technology powerhouse Cooley. Hopkins and Smith both joined Sheppard Mullin in 2001 when it acquired Santa Barbara firm Nida & Maloney. They accumulated a roster of billions of dollars of deals with local Read More →
Obesity device firm raises $27.3M for clinical trials
Goleta-based BAROnova has raised $27.3 million to fund clinical trials of its obesity treatment, bringing the medical device firm’s total funds raised to date to $41.3 million. The company is developing a product it calls the TransPyloric Shuttle. The firm said the device may be able to slow the digestion process and create the sensation Read More →
