Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: SATURDAY, May 1, 1993 TAG: 9305010126
SECTION: BUSINESS PAGE: A6 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
Salvatore Scotto Di Carlo, trading as J&V Pizza in Roanoke County, has filed for protection from creditors in U.S. Bankruptcy Court in Roanoke. The company, seeking liquidation, reported debt of $99,900 and assets of $77,075.
Other new petitions:
Linkster Enterprise Inc., headed by Peter Dodd, is seeking liquidation, listing debt of $565,155 and no assets. The Roanoke County golf equipment firm formerly operated as Golf USA on Electric Road and the Golf Store at Forest.
Thomas & Thomas Inc., a Roanoke County drywall company headed by Fred Thomas, sought liquidation, listing debt of $171,799 and assets of $24,980,
Perry L. and Katherine D. Dowdy of Newport, Giles County, trading as P&K Funpunch, a craft business, sought liquidation, listing debt of $19,945 and assets of $10,602. - Staff report
\ Lawsuit: Bank buyout deliberately delayed
A former shareholder of Roanoke-based Dominion Bankshares Corp. has filed a lawsuit charging that officials who carried out the bank's sale to First Union Corp. purposely delayed it to avoid paying dividends.
The class-action suit, filed by Irving Kas in U.S. District Court in Richmond, alleges the March 1 merger could have been completed Feb. 24, in which case Dominion shareholders would have received First Union first-quarter dividends, distributed Feb. 26.
Defendants are Charlotte, N.C.-based First Union; First Union Corp. of Virginia, the new banking subsidiary; and Warner N. Dalhouse, chairman of First Union-Virginia and former chairman of Dominion Bankshares.
The suit says First Union would have paid $8.3 million in dividends to investors who bought Dominion stock between Nov. 12 and Feb. 26. The suit says the payout would have been 20 cents a share.
David J. Scanzoni of First Union said the suit is "clearly without merit." He declined to comment further because the matter is in litigation. - Staff report
\ First Century to buy Dominion branch
First Century Bank said Friday it has contracted to buy the Fort Chiswell office of First Union (Dominion) Bank and will operate it as its Fort Chiswell branch when regulatory approval is obtained in about 90 days. The target date for acquisition is late August. Meanwhile, it will remain open as a Dominion branch.
First Century has other offices in Roanoke and Wytheville. Chairman R.W. Wilkinson said the branch will retain all of its employees. - Staff report
\ Briefly . . .
\ JEFCO Inc., a Glen Allen-based glazing contractor with operations in Roanoke, has been ranked 25th-largest U.S. company in its industry by Glass Magazine, based on its $4.8 million gross sales in 1992. In the Roanoke Valley, JEFCO is providing glazing for Roanoke Memorial Hospital's new wing, the Jefferson Center, Virginia Tech's veterinary medicine building, renovation of Virginia Heights Elementary School, the Roanoke Valley solid-waste transfer station and St. Mark's Lutheran Church.
\ Goss Associates Inc., a Roanoke designer and installer of custom computer software, has received a contract from Navistar International Transportation Corp. of Chicago to provide a marketing program for its dealers in the United States and Canada. The software will enable Navistar dealers to identify as potential customers the owners of medium- and heavy-duty trucks in their regions. Terms of the contract were not released.
\ Seven employees of Samsung Electronics, a Korean company, on Friday completed two weeks of training in the use of night-vision goggle components to be bought from ITT Corp.'s plant in Roanoke County. Samsung has a contract with ITT to buy image intensifier tubes, the central part of the goggles. It will use them to build its own night-vision systems for the Korean government, ITT said.
Memo: ***CORRECTION***