SVTC Banner

The Shenandoah Valley Connectiontop   

November 4, 2011 - click headlines for quick navigation 

 

FIRST Lego League (FLL) Regional Competition..Tomorrow: November 5, 2011

SVTC Bits & Grits: Tuesday, November 15, 2011

SVTC Luncheon: Electronic Medical Records, Thursday, November 17, 2011

2012 Pre-Session Legislative Breakfast: Tuesday, December 13, 2011

Welcome Back Member: Shenandoah County Economic Development

Member News: $96.4 Million Verdict Secured By Wharton, Aldhizer & Weaver, PLC

Member News: Lenhart Obenshain Lawyers Named "Legal Elite"

 

FIRST Lego League (FLL) Regional Competition: Being Held Tomorrow....Saturday, November 5, 2011, 9:30am-4:00pm

JMU's College of Integrate Science & Technology

  

Come on out on Saturday and see what all the fuss is about!  Twenty-one enthusiastic teams from the Valley will be competing, which means a BIG happy crowd of 9 - 14 year olds (with coaches and parents in tow) filling JMU's ISAT halls with excitement and chatter...complete with funky hats, blinking gear and noise makers.

 

A sincere thank you goes to the many volunteers who are coming out to help...we're looking forward to a exciting, high energy event.


Good luck to the BrickBusters and the Stone Spring Eagle Eyes -- both are teams sponsored by the SVTC...Go BrickBusters...Go Stone Spring Eagle Eyes!!!!

 

For more information on the competition visit SVTC's FIRST Lego League Page

 

 

Bits & Grits

Tuesday, November 15, 2011, 8:00am

Mrs. Rowe's, Staunton

 

Our regularly scheduled breakfast event is held on the third Tuesday of every month. See you there! Reservations or membership not required.

 

Back to top

 

SVTC Luncheon: Electronic Medical Records,  Thursday, November 17, 2011, 11:45am-1:15pm

The Wood Grill Buffet, Harrisonburg 

(Networking begins at 11:45am)

  

Speaker: Robert M. Underwood, MD, CPE, FAAEM, Chief Medical Information Officer, Rockingham Memorial Hospital.

Dr. Underwood will discuss the Electronic Medical Record (EMR) from the doctor's point of view. This will include sharing of information among providers, tracking quality data, clinical decision support tools available to the provider. In addition, he'll discuss the various industry vendors for EMRs in both the hospital and clinic setting. He will also discuss EMR selection and implementation.

Dr. Underwood has been the Chief Medical Information Officer at Rockingham Memorial Hospital for three and a half years. He is also a practicing emergency physician, completing his residency at Wake Forest in 2001. He co-chairs the IT Task Force for the American College of Physician Executives and serves as a member of the Physician Advisory Group for Meditech, one of the largest healthcare IT vendors in the US. Dr. Underwood served in the Army and is graduate of the United States Military Academy at West Point, NY.

Lunch is Dutch treat.  Membership not required.

 

Register for SVTC's November 17, 2011 Luncheon 

Back to top

 

2012 Pre-Session Legislative Breakfast

December 13, 2011, 7:30-9:00am

Festival Conference & Student Center, JMU


Presented by the Harrisonburg-Rockingham Chamber of Commerce, JMU's Research and Public Service, and the Shenandoah Valley Technology Council.


Don't miss this opportunity to find out what the 2012 General Assembly will be discussing.  How do our legislators plan to improve our businesses' economic competitiveness, and ensure the quality of life we have come to expect? Get the insights and early prognostications at the premier Pre-Session Legislative Breakfast in the Shenandoah Valley.

The following legislators have been invited to attend:

  • Senator Mark Obenshain
  • Senator Emmett Hanger
  • Delegate Steve Landes
  • Delegate Tony Wilt
  • Delegate Rob Bell
  • Delegate Todd Gilbert

FREE (including breakfast); however registration is required by December 8, 2011.

 

 

Welcome Back Member: Shenandoah County Economic Development

 

Please join us in thanking Shenandoah County for their membership renewal.

 

There's Only One Shenandoah County in the Shenandoah Valley. Located in the northern Shenandoah Valley, Shenandoah County is set against a backdrop of the beautiful Allegheny and Blue Ridge Mountains. Our small towns are like a string of pearls along the Old Valley Pike, Route 11. These friendly towns, each one with its own historic flavor, are great places to live.

 

Shenandoah County has everything for your business needs....ready-to-go sites and building for industrial, research, and technology activities; excellent distribution system (I-81 and I-66); family-friendly communities and access to a wide range of outstanding recreational and cultural events. We are ready to assist you. Give us a call!

 

Phone number: (540) 459-6227 or visit www.shenandoahcountyva.us.

 

Back to top

 

Member News: $96.4 Million Verdict Secured By Wharton, Aldhizer & Weaver, PLC

Among Largest in Virginia History

 

An Alexandria federal jury returned a verdict last week of $96.4 Million Dollars in favor of Honua Investment Management, Inc. and its bondholders who were defrauded by Man Ki Kim, a McLean businessman.  The case was tried over a period of four days by James M. Ringer, of New York's Meister, Seelig & Fein, and Daniel L. Fitch of Harrisonburg's Wharton, Aldhizer & Weaver, PLC.  The verdict is the fifth largest ever returned in Virginia and the biggest in the Commonwealth since 2002.


The City of Bonn, Germany awarded Defendant Kim's company, SMI Hyundai, a contract to develop, build and operate the United Nations World Conference Center at the site of the capital of the former West German Republic.  UNCC, a company wholly owned by SMI Hyundai, was responsible for the construction and operation of the Project, estimated to be worth in excess of $200 Million.  When SMI Hyundai issued some $48.2 Million in bonds to help finance the Project,  Kim repeatedly represented to Honua that SMI Hyundai owned 100% of the shares of UNCC.  SMI Hyundai further agreed to pledge the UNCC stock as the primary collateral for the loan, going so far as to deliver original stock certificates at the bond closing.

Unknown to the Honua and its bondholders, Kim had transferred most of the UNCC stock to another private lender, to secure a substantial personal loan.  Kim's transfer occurred less than one month before the closing on the $48.2 Million Honua bond deal.  Kim withheld this information from Honua, continuing to represent that SMI Hyundai still owned the valuable asset pledged to secure the bonds.    When Kim's scheme was uncovered, the Project's financing collapsed.  Kim later placed UNCC into receivership in a German court.
 

The jury unanimously found that Kim's false representations concerning SMI's ownership of the UNCC stock constituted actual fraud.  In addition to awarding compensatory damages of $48.2 Million, the jury returned a punitive damages verdict of $48.2 Million and awarded prejudgment interest of over $11.5 Million for a total award of over $107 Million. 


Post-verdict motions are pending before a final judgment is entered.  Fitch noted that separate judgments, not related to Kim's fraud, have been entered against SMI Hyundai and one of its affiliate companies, American Federal Contractors, which guaranteed the bonds.


Back to top

"As a technology user and training coordinator, I find the SVTC luncheons a great source of information and networking.  I have developed contracts with businesses and trainers as a result of conversations at the meetings.  SVTC helps me to serve the needs of my customers and clients."

- Mary Sullivan, Training 

  Coordinator, Blue Ridge

  Community College, SV 

  Small Business Development

  Center

 

 * * * * * 

 

"SVTC membership has been an invaluable asset to Cadence over the years.  As a growing company in this area, our ability to leverage the many available networking activities continues to be an integral part of our on-going success.  Cadence has also benefited from recognition by the SVTC as the High Tech Company at the annual Tech Nite awards event." 

 

 - Chip Harvill, VP Marketing
   Cadence, Inc.

   

>> Ready to become a member, too?  

Membership
Benefits & Prices
 

 

>> How have you benefited from participating in our activities and / or from membership? Tell us  .... Info@svtc-va.org   

 

 

 

 

Level III Members Please click on logo to visit our Level III members

 

 BlueKey Logo July 2010 

 Cadence

 

Alliance technology logo

 

 Alliance technology logo

 

Alliance technology logo 

 

Alliance technology logo

 

 LeClair logo

Lumos Logo

 

National College logo

 

  

 PBGH logo

JMU RPS logo 

 

Rockingham Group May 2010 Logo 

  

RMH NEW LOGO JANUARY 2010 

 

Serco logo 

 

WAW Logo 

 

Member News:  Lenhart Obenshain Lawyers Named "Legal Elite"


Lenhart Obenshain announces that seven of its attorneys have been recognized in the 2011 "Legal Elite" survey conducted annually by Virginia Business magazine.  Statewide, only approximately 800 of the 29,300 active Virginia State Bar members were named this year.  "The best reward for our hard work is helping clients achieve their goals, but we appreciate this honor and recognition which is directly attributable to the exceptional team of staff and lawyers we have brought together," said Lynn Suter, managing partner of Lenhart Obenshain.


The honored lawyers and the expertise for which they were recognized are: Patrick C. Asplin (Intellectual Property); Brian K. Brake (Construction); John W. Flora (Taxes/Estates/Trusts/Elder Law), Lisa Anne Hawkins (Real Estate/Land Use), Jeffrey G. Lenhart (Business Law), Mark D. Obenshain (Civil Litigation), and Bill Shmidheiser (Bankruptcy).

 

 



View our profile on LinkedIn

 

 

Follow us on Twitter

 

Find us on Facebook

 

Level 3 logos

 

Join Our Mailing List!

 

 

Contact Us
800 S. Main Street MSC 4901
Harrisonburg, Virginia 22807
540-568-7882

info@svtc-va.org

www.svtc-va.org