The “guillotine termination” of two partners from a Ventura County law firm has erupted into an acrimonious court battle over confidential client lists and more than $4 million in alleged damages. In a lawsuit filed in Ventura County Superior Court, Roy and Ted Schneider claim they were unexpectedly expelled from what was then Myers, Widders, Read More →
Carpinteria-based Clipper Windpower faces a $60 million lawsuit from a wind farm developer shortly after it laid off 174 people. First Wind Energy, a Boston-based wind farm developer with projects in New York, Hawaii and several other states, filed suit on Sept. 4 in Santa Barbara County Superior Court. Most of the complaint is sealed. Read More →
By Julian Moore on August 24, 2012 A Santa Barbara company that produces lavish luxury and collectible car shows has suspended its event schedule amid a financial shortfall and turmoil in its executive suite. Stratus Media Group, the luxury car show and fight promoter that owns the event, has sacked its CEO and given him Read More →
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By Staff Report / Thursday, August 9th, 2012 / Latest news / Comments Off on Oxnard Marriott sold for $11.4M
Nearly two years after a court appointed a receiver to take control of the Courtyard by Marriott in Oxnard after it was foreclosed upon, the hotel has been sold for $11.4 million. HREC Investment Advisors, a hospitality real estate advisory firm based in Denver and Los Angeles, arranged the sale of the 166-room hotel. The Read More →
Goleta-based Yardi Systems appears to have scored a victory in the settlement of a corporate espionage lawsuit filed against its largest competitor. Yardi makes software used by property owners and managers to run apartment complexes and corporate office buildings. It is likely the largest player in its industry, with 7 million residential units and 7 Read More →
