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Behind the News
'80s anti-takeover law helped sow Emmis win
September 8, 2012
Greg AndrewsThe Indiana Business Corporation Law—enacted to help Hoosier companies fight off a wave of attacks by corporate raiders—gives
boards of directors unusually broad authority to exercise judgment as they see fit.
MoreHHGregg's new push: Selling treadmills alongside TVs
September 1, 2012
Greg AndrewsThe appliance and electronics retailer is quietly launching a test of furniture and fitness equipment, with rollouts scheduled
for 31 of its more than 200 stores.
MoreFaction turns on trustee in Eastern Livestock bankruptcy
August 25, 2012
Greg AndrewsThings have suddenly taken an ugly turn for veteran Indianapolis attorney Jim Knauer and his legal advisers at Faegre Baker
Daniels, who are under attack by parties that want them bounced from the massive bankruptcy case for Eastern Livestock Inc.
MoreDon Marsh fighting to keep jury from learning he took Fifth
August 18, 2012
Greg AndrewsAttorneys for Don Marsh are trying to ensure that his refusal to answer questions during a 2010 deposition doesn’t come
back to haunt him when Marsh Supermarkets' lawsuit against him goes to trial in October.
MoreNew student-loan effort adding to ITT backlash
August 11, 2012
Greg AndrewsFor-profit school operator ITT Educational Services Inc. told investors late last month that it had worked out a tentative
deal with an outside party that would provide $100 million in loans to its students.
MoreKeyCorp's big bet on Indianapolis paying off
August 4, 2012
Greg AndrewsOver the last three years, Key has invested millions to add 13 central Indiana branches, bringing the total to 46.
MoreBrightPoint merger talks driven by 'deal certainty'
July 28, 2012
Greg AndrewsWhen BrightPoint officials saw conditions in the cell phone distribution business take a turn for the worse, they were quick
to cash out while the going was still good.
MoreHHGregg setbacks reflect deeper woes, some fear
July 21, 2012
Greg AndrewsRetailer's operating income is the same as five years ago, even though it has triple the number of stores.
MoreBrightPoint's $840M sale ends wild ride for CEO Laikin
July 7, 2012
Greg AndrewsBob Laikin started BrightPoint in 1989, when cellular phones were clunky and brick-like and were mostly for the wealthy.
MoreFair Finance CFO staying out of prosecutors' crosshairs
June 16, 2012
Greg AndrewsRick Snow, Fair Finance Co.'s former chief financial officer, isn't accused of collecting insider loans like co-defendants
Tim Durham and Jim Cochran. But he's facing the same felony charges.
MoreFortune buyout would help exec out of financial jam
June 9, 2012
Greg AndrewsSale to managers would alleviate problems for company's 70-year-old namesake and keep firm from being seized by bank.
MoreDan 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.
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First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.
I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.
Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??
On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.
It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.