Behind the News
Dan Laikin spurred probe of Tim Durham, filings reveal
May 19, 2012
Greg AndrewsThe FBI had been investigating Tim Durham since March 2009, when his friend Dan Laikin, a Fair Finance board member, offered
up incriminating information on the Indianapolis financier in hopes of securing a lighter sentence for himself in an unrelated
case.
MoreVaunted attorney Bill Conour has lots of explaining to do
May 12, 2012
Greg AndrewsA large question looms in the wake of the April 27 announcement that Conour has been charged in a federal criminal complaint
with misappropriating more than $2.5 million in client funds from December 2000 to March 2012. If he is indeed guilty of the
wire-fraud charge he faces, where did all the money go?
MoreAfter years of 'pushing water uphill,' Emmis now nimble
May 5, 2012
Greg AndrewsThe Indianapolis media company is on track to have less than $75 million in debt by this summer—down from $1.6 billion
before it launched the divestiture of its TV stations seven years ago.
MoreBroker tied to ISTA insurance woes still tangling with state
April 28, 2012
Greg AndrewsDavid Karandos failed to make fine payments due March 1 and April 1, and Securities Commissioner Chris Naylor has ordered
him to appear at a May hearing to make the case why “additional consequences” aren’t warranted.
MoreJudge slaps down attorneys behind ITT fraud lawsuit
April 21, 2012
Greg AndrewsJudge Tanya Walton Pratt late last month granted ITT’s motion for attorney’s fees and sanctions against Mississippi
attorney Timothy Matusheski, as well as two law firms that worked with him on the case—Motley Rice LLC in Los Angeles
and Plews Shadley Racher & Braun LLP in Indianapolis.
MoreInvestors still may clean up on some clean-tech bets
March 31, 2012
Greg AndrewsThe spectacular flameouts of some startup firms underscores the risk of relying on infusions of federal money to keep a business
viable.
MoreClient seeks lost revenue from Oxford Financial
March 24, 2012
Greg AndrewsReid Hospital & Health Care Services in Richmond alleges the financial adviser's delay in selling investments cost the
hospital more than $2.5 million.
MoreDynamics in place to mint public companies aplenty
March 17, 2012
Greg AndrewsIndianapolis attorneys say numerous local private firms are on the IPO sidelines, mulling whether to try to capitalize on
the strengthening economy and improving investor appetite for new issues.
MoreFuel prices wreak havoc on Republic Airways turnaround
March 10, 2012
Greg AndrewsIf the cost of aircraft fuel continues to approach $3.50 a gallon, 2012 fuel costs for the company's Frontier unit fuel
will end up $40 million higher than the business plan.
MoreFair bankruptcy trustee alleges complicity by silence
March 3, 2012
Greg AndrewsLawyers overseeing Fair Finance's liquidation charge that, every step of the way, businesspeople who crossed Tim Durham’s
path and witnessed questionable behavior looked the other way—because it was highly profitable for them to do so.
MoreCouple accused of tax fraud turning the tables on state
February 25, 2012
Greg AndrewsReal estate investor Chris Marten and his wife, Janice—a longtime Carmel jeweler—charge in a new federal lawsuit
that investigators trampled on their constitutional rights during the inquiry, which resulted in 28 criminal charges.
MoreWiretaps suggest Durham tried to sugarcoat Fair's woes
February 18, 2012
Greg AndrewsTranscripts of phone conversations capture Fair Finance CEO Tim Durham discussing ways to recast company financials to mitigate
Ohio securities regulators’ concerns about massive insider loans.
MoreDisappointing quarter puts WellPoint brass on hot seat
February 11, 2012
Greg AndrewsAnalysts say the company has struggled to generate the consistent earnings that rivals have, in part because of mispricing
of its Medicare Advantage senior coverage.
MoreSale of storied bank reflects industry's difficult times
February 4, 2012
Greg AndrewsJohn Keach Jr., the third generation of his family to lead Indiana Bank & Trust, looked into the future and wondered how—given
the lackluster economy and increasing costs for everything from employee benefits to regulatory compliance—it would
generate robust earnings growth.
MoreExactTarget's IPO plan could draw out suitors
January 28, 2012
Greg AndrewsFirms pursuing IPOs simultaneously investigate the possibility of a sale as a matter of course, in part because doing so helps
investment bankers assess how they should price shares if they pull the trigger on an offering.
MoreSimon chasing title of state's most valuable company
January 7, 2012
Greg AndrewsDavid Simon's massive new compensation plan—which includes a $120 million long-term bonus—is a drop in the
bucket compared with the wealth the company has been creating in recent years, even as the overall market zigs and zags.
MoreBattle between phone rivals spills into the courtroom
December 31, 2011
Greg AndrewsBrightpoint sues Miami rival Brightstar twice in one week over its hiring of two former executives of the local wireless-phone
distributor.
MoreValuing ExactTarget a hit-or-miss exercise
December 17, 2011
Greg AndrewsAppraisals of private companies are inherently dicey, especially if they're not making money.
MoreJudge in high-stakes lawsuit drowns lawyers in praise
December 10, 2011
Greg AndrewsThe federal judge said class counsel achieved “fabulous results with incredible efficiency” and that he had never
been more proud of his profession in his 36-year legal career.
MoreExactTarget has remade itself since last IPO bid
December 3, 2011
Greg AndrewsThings change so fast in the technology world that the prospectus ExactTarget Inc. filed four years ago when it first sought
to go public reads today almost like something from the floppy-disk era.
MoreInvestors across city hit jackpot in Angie's List IPO
November 26, 2011
Greg AndrewsThe initial public offering price was $13, the high end of the range projected in regulatory filings. That price was more
than quadruple the average price of $2.76 paid by prior investors.
MoreSuburban-hotel mayhem whipsaws entrepreneur
November 19, 2011
Greg AndrewsTwo of Sanjay Patel's hotels landed in bankruptcy in November. Four others filed for Chapter 11 protection last year.
MoreDuke Realty's massive office sale wins praise on Wall Street
November 5, 2011
Greg AndrewsInvestors have bid up shares of Duke Realty 13 percent since the company announced it was selling a huge portfolio of office
buildings for $1.1 billion.
MoreLilly fights view that fate hinges on Alzheimer's drug
October 29, 2011
Greg AndrewsAnalysts have eyes on trial data for drug that could be a game-changer for the company.
MoreIndiana making hay from Illinois' tax mayhem
October 22, 2011
Greg AndrewsMany Illinois firms are serious about moving or expanding out of state—and Indiana economic development officials are
racing to capitalize.
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graham. they are even better w/ roasted marshmallows and melted chocolate
Apparently ticket sales are slow too...mas emails have been sent by the speedway in a last ditch attempt to get place fans to come.
Garden Valley Veggie flavor Wheat Thins Toasted Chips. Don't judge until you try them, haters!
Doc, a few important errors in your statements:
(1) The developer is spending the CITY'S money (the city is paying for the cost of the garage), so the city can damn well insist on a quality design.
(2) The LAW requires the proposed building to comply with design standards, and insisting that people follow the law is not giving anyone the "run-around."
(3) A two-week delay to make some minimal aesthetic improvements is hardly a great imposition being imposed on the developer.
(4) If the developer would rather build a crappy building elsewhere with their own money, then they are welcome to pick up and do so.
(4) Indianapolis is a major city, not some podunk town that needs to spread its legs for any developer that throws the place a sideways glance. Indianapolis should insist on the best, not settle for junk. Accepting anything is not going to make Indianapolis grow any faster (not sure where you got that silly notion from), nor is Indianapolis a slow-growth city compared to similarly sized city's in the Midwest.
Alone. Or with cheese.