News

Arbitrators ruled Thursday in favor of former Bank of Anderson President and Chief Executive Officer David King, saying that the terms of his employment agreement were breached with his firing in January 2006.

Verus Financial Management Chief Executive Rich Roberts has sued the company’s venture capital backer, claiming it broke a promise to pay him an extra $10 million from proceeds of Verus’ sale that closed today.

Make a promise, he’ll take you at you word. A handshake equals a signature on the proverbial dotted line.

A lunch at a Mexican restaurant has proven very costly for a key company in Atlanta’s emerging life sciences industry.

In early November, work crews removed the 50-foot-tall “iXL” logo from 1600 Peachtree St., establishing once and for all that Atlanta’s highest-flying dot-com was no more.

Norcross-based Sun Data Inc., which sells computer products and services, has filed suit against a group of former employees, including three former Sun vice presidents.

The Georgia Supreme Court on Wednesday granted International Business Machines’ request to forestall the state from installing about $10 million of new Hitachi mainframe computers.