Tuesday, January 16, 2018
Business

Florida sues failed Digital Domain to recoup millions in taxpayer funds

The state of Florida filed a lawsuit Tuesday seeking to recoup millions of taxpayer dollars provided to the failed Digital Domain film visual effects company, the Associated Press reported. The lawsuit was filed by the Department of Economic Opportunity in St. Lucie County Circuit Court against Digital Domain Media Group and a number of other entities. Digital Domain had promised to create about 500 jobs at a Port St. Lucie animation studio and a West Palm Beach film school, but it filed for bankruptcy in 2012.

The lawsuit contends Digital Domain defrauded the state out of $20 million in seed money by misrepresenting its debt problems and other allegedly fraudulent acts. The company also got $62 million in funding from St. Lucie and Palm Beach counties. Its shutdown resulted in 280 layoffs.

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Help wanted: Seminole Hard Rock in Tampa has 250 jobs to fill

Help wanted: Seminole Hard Rock in Tampa has 250 jobs to fill

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Airbus could abandon A380 superjumbo amid lackluster sales

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The closing of 63 Sam’s Club stores has big implications for small business

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Brawny pickups, futuristic SUVs star at Detroit auto show

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Published: 01/15/18
2017 still a deadly year for Tampa Bay pedestrians, bicyclists

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Published: 01/15/18
If Florida’s offshore oil rush ever happens, only one side of the state is likely to see it

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Published: 01/14/18
Large crowds grab deals as Sam’s Club prepares to close South Tampa location

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Published: 01/13/18
For the first time, the 3 best-selling beers in America are light beers. Can craft brewers catch up?

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Published: 01/13/18
Valley National launches ‘Pop-Up Moments’ campaign for Tampa Bay nonprofits

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Leaders from Valley National Bank/USAmeriBank surprised the students of two local schools, Ybor City’s Academy Prep, 1407 E Columbus Drive, and St. Peter Claver Catholic School, 1401 N Governor St., with donations of much-needed supplies. This happen...
Published: 01/12/18
Updated: 01/14/18
Lottery winner minefields: Financial planning, emotions, relationships

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Published: 01/12/18
Updated: 01/13/18