News

Shorter College’s failed attempt to escape the Georgia Baptist Convention’s control by dissolving and reincorporating may affect other nonprofits’ attempts to win their freedom from institutional control.

Developers of a planned $120 million luxury hotel on West Paces Ferry Road have sued the owners of One Buckhead Plaza, charging that the landlord reneged on a deal to share parking spaces at an existing parking deck, according to the lawsuit filed with the Fulton County Superior Court.

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.

A federal judge in Atlanta has ordered Regions Financial Corp. to pay $1.4 million in severance and legal fees to six former company executives who claimed the Birmingham, Ala., banking company triggered a change-of-control agreement when it changed their job assignments.

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.

After negotiating for nearly two years on a second major debt restructuring, architect-developer John C. Portman Jr. and his dozens of creditors will not complete the transaction this week as planned.

Regions Financial Corp. has been busy buying up banks in North Georgia, and now the Birmingham, Ala.-based holding company is seeing some legal fallout from its acquisition spree.