Management

Portuguese Fund Vallis Capital Partners Acquires Leading Document Management Firm Docout from EMC-B

by

MADRID, SPAIN – The EMC-B fund, managed by consulting firm Alvarez & Marsal, has announced the sale of technology consulting firm Docout to Portuguese fund Vallis Capital Partners. Docout is a leading company in the document management and business process outsourcing sector, with an annual turnover of approximately 20 million euros. Vallis Capital Partners, founded in 2010, is a venture capital fund based in Portugal with assets exceeding 200 million euros. The acquisition of Docout allows Vallis Capital Partners to expand its portfolio and strengthen its presence in the technology consulting industry. The deal was … Read more

Property Management Company Settles Federal Lawsuit for Violating Rights of Navy Sailor under Servicemembers Civil Relief Act

by

Newport News, VA – McGowan Realty LLC, which operates as RedSail Property Management, has settled a federal lawsuit in response to allegations of violating the Servicemembers Civil Relief Act. The lawsuit accused the company and one of its landlord-homeowners of imposing charges and additional rent on a Navy sailor in Virginia Beach who received permanent change of station orders. The settlement, amounting to $13,225.65, was reached after a 14-month legal battle in the U.S. District Court for the Eastern District of Virginia. Under the Servicemembers Civil Relief Act, service members are allowed to terminate a … Read more

Arizona Governor Promises Accountability for Voucher Program and Water Management in State of the State Address

by

PHOENIX, Arizona – Arizona Governor Katie Hobbs delivered her second annual state of the state address on Monday, vowing to address the accountability of the state’s school voucher program and update laws regarding groundwater use in rural areas. The Democratic governor also criticized the federal government for closing a port of entry along the Arizona-Mexico border due to an influx of immigrants, highlighting her decision to send National Guard members to assist with the situation. Hobbs’s address comes as Arizona faces a $400 million budget shortfall in the current fiscal year and an additional $450 … Read more