Business

Rosenberg buys building from fen-phen lawyers

Businessman Joe Rosenberg and partners have bought Barrister Hall at 163 East Main Street for $2.3 million from Tandy LLC, a limited liability corporation formed by fen-phen settlement lawyers William Gallion and Shirley Cunningham.

The sale was completed in late summer and announced this week.

"We're excited to be here," Rosenberg said. Joe Rosenberg Jewelers has opened on the ground floor.

Partners in the building are Walther Roark & Gay attorneys; Randall Stevens and ArchVision, his architectural software firm; and Hensley Elam & Associates software developers. All have offices in the building.

The new owners are renaming the building The Strand, for the downtown movie theater that once stood on Main Street. Rosenberg called The Strand "such a cool name."

Rosenberg moved to the new location after the long-time home of his jewelry store and pawn shop on South Upper Street was demolished to make way for the Centre Pointe luxury hotel and condominium project. Rosenberg said he let his pawn shop license lapse and the business close.

Gallion and Cunningham are being sued over the $200 million diet-drug settlement they helped negotiate in 2001. Earlier this year, a federal jury in Covington failed to reach a verdict on charges of conspiracy to commit wire fraud against Cunningham and Gallion. A retrial is planned. Last week, the pair were permanently disbarred from legal practice by the Kentucky Supreme Court. In agreeing to the disbarment order, Gallion and Cunningham admitted to committing eight ethical violations in their handling of the settlement money.

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