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Virginia Businesses in the News
Legal and Regulatory

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For the Record
Virginia Business Magazine
P.O. Box 85333
Richmond, VA 23293
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Indika Farms of Windsor was fined $50,000 for pumping wastewater into the Carbell Swamp in Isle of Wight County on several occasions between September 1999 and December 2003. The swamp drains into Lake Prince, a drinking water reservoir for Norfolk. Indika also agreed to pay Norfolk Fire and Rescue $50,000 to support its efforts in handling hazardous materials. (Daily Press)

Insmed Inc., a Henrico County biotech company, received approval from the Food and Drug Administration for its drug iPlex, used to treat children with growth-hormone deficiency. The company is also embroiled in a legal dispute with Tercica Inc., of Brisbane, Calif., over a drug similar to iPlex. (Richmond Times-Dispatch)

Virginia Beach passed a set of ordinances designed to limit development around Oceana Naval Air Station. The new regulations would restrict growth in areas of loud jet noise and halt development around "crash zones" near the base. The city will also petition the General Assembly for eminent domain powers to use, if necessary, in certain cases. (Richmond Times-Dispatch)

Woodforest National Bank of Houston filed papers with federal regulators to open full service bank branches open seven days a week in several Wal-Mart stores in Hampton Roads. The Bentonville, Ark. retailer already leases space for bank branches in 1,100 stores around the country. (The Virginian-Pilot)

 

 

 

 

 


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