Behind the News

Fair Finance trustee still searching for deep-pocketed saviorRestricted Content

January 29, 2011
Greg Andrews
Trustee Brian Bash and his legal team have yet to publicly implicate anyone who appears to have the cash to substantially reduce the staggering losses.
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Analyst says spurned Simon still has plenty of potentialRestricted Content

January 22, 2011
Greg Andrews
Simon Property Group Inc. used multibillion-dollar buyouts to become the nation’s largest public real estate company. So should investors be worried its last two acquisition bids have gone bust?
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Developer who drew friends into Ponzi reaches $1M dealRestricted Content

January 8, 2011
Greg Andrews
Sydney "Jack" Williams, founder of Williams Realty Group, recruited dozens of investors, many with Indiana ties, to invest in a Florida business that turned out to be a giant fraud.
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Conseco brass agree to settle 8-year-old suit for $41.5MRestricted Content

January 1, 2011
Greg Andrews
The suit accused CEO Gary Wendt, President Bill Shea, Chief Financial Officer Charles Chokel and Chief Accounting Officer Jim Adams of engaging in a “massive and systematic coverup of ... actual debts and losses through complex accounting, misleading disclosures, and irregular accounting practices.”
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Naysayers place big bet HHGregg will stumbleRestricted Content

December 18, 2010
Greg Andrews
Traditional analysts are high on the electronics retailer, but short-sellers, those who profit when a stock falls instead of rises, couldn't disagree more.
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Sale of 118-year-old bank symptom of tough timesRestricted Content

December 11, 2010
Greg Andrews
A sale is suddenly more appealing to Monroe Bancorp and other financial institutions that used to be fiercely independent.
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Indianapolis banker sees progress, challenges at ailing Integra

December 4, 2010
Greg Andrews
Mike Alley, perhaps more than any other banker in the state, is experiencing the pain the economic crisis has wrought on the nation’s financial institutions.
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Celebrity lawyer Roy Black tapped in Durham criminal probe

November 27, 2010
Greg Andrews
Tim Durham says he’s ruined financially, but he’s not cutting corners lining up legal firepower to defend himself. Durham has hired famed criminal defense attorney Roy Black of Miami, lawyers representing the Indianapolis financier in civil litigation confirmed.
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Irwin Financial trustee poised to sue insiders

November 13, 2010
Greg Andrews
Court papers reveal officers and directors of the holding company for the failed Columbus-based bank will soon be defendants in a $40 million suit.
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Finish Line cash hoard could draw out suitorsRestricted Content

November 6, 2010
Greg Andrews
Citigroup Capital Markets retail analyst Kate McShane has Finish Line near the top of her list of potential leveraged-buyout candidates.
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Don Marsh, grocery chain he led no closer to making peaceRestricted Content

October 30, 2010
Greg Andrews
Time has done nothing to settle a dispute between the former executive and the private equity firm that bought his family's business. They are gearing up for an October 2011 trial.
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Firm that ignored lawsuit now paying a hefty priceRestricted Content

October 23, 2010
Greg Andrews
Tax-resolution firm JK Harris did not defend itself against a lawsuit and got pummeled as a result. Now, it's brought in an attorney who's trying to undo the mess.
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Worker suit blasts Dick's for 'chronic understaffing'Restricted Content

October 16, 2010
Greg Andrews
The case alleges the sporting goods firm broke Indiana law by requiring employees to work when they were on break and at other times they weren’t on the clock.
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OneAmerica dodged crisis, now reaps rewardsRestricted Content

October 9, 2010
Greg Andrews
The Indianapolis-based life insurer's investment portfolio held up through the recession, and the company reported record revenue and profit in 2009.
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Soldiering on, Emmis' Smulyan mulls station sales to cut debtRestricted Content

September 25, 2010
Greg Andrews
The CEO thinks Emmis could cast off some big-market stations, raising ample cash to pay off the company’s bank debt before it comes due in November 2013.
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Church with rich history sues to shed 'historic' labelRestricted Content

September 18, 2010
Greg Andrews
The designation scotched a deal with CVS that would have funded construction of a new church at another location.
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As Sardar Biglari stirs controversy, Steak n Shake hums alongRestricted Content

September 11, 2010
Greg Andrews
Sardar Biglari has a penchant for self-promotion. But he's also making a good case for his management skills.
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Fair Finance co-owner Cochran uses forceful defense

September 4, 2010
Greg Andrews
Tim Durham's partner in a failed Akron, Ohio, company says a trustee has nothing to back up his allegations of fraud.
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Endocyte's $86M IPO plan a boon for Indiana, investors

August 28, 2010
Greg Andrews
Venture capitalists in Indiana and nationally have thrown money at the company with abandon. Local investors include CID Capital, Clarian Health Ventures and the Indiana Future Fund.
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Is University Loft's rival going on attack again?Restricted Content

August 21, 2010
Greg Andrews
The Greenfield furniture-maker has an acrimonious history with California-based Furniture by Thurston.
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Fair Finance trustee finds lots of debts, few assets

August 14, 2010
Greg Andrews
Tim Durham, Fair’s co-owner and CEO, burned through staggering sums on a lavish lifestyle, loans and gifts to friends, and loans to businesses he partly owned that performed dismally.
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Finish Line founders giving up their extra voting powerRestricted Content

August 7, 2010
Greg Andrews
The influence of founders’ families in public companies usually wanes over time. But few firms accelerate the process, as Finish Line is doing.
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Hoosier firms find cutting costs no substitute for growthRestricted Content

July 31, 2010
Greg Andrews
The gains amid economic malaise are impressive, but also unsustainable. Companies can’t continue to grow earnings forever based on cost-cutting.
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Retailers gain upper hand in negotiations with landlordsRestricted Content

July 24, 2010
Greg Andrews
Shop owners realize that landlords, already facing rising vacancies, are sometimes willing to sacrifice financially to keep properties filled and vibrant.
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Banker who wreaked havoc fesses up to felony charge

July 17, 2010
Greg Andrews
Overseeing a portfolio filled with deteriorating loans is downright excruciating, as lending officers who’ve lived through the carnage of the recession can attest. Rob Tolle apparently cracked under the pressure.
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  1. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

  2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

  3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

  4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

  5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.

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