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Fair Finance trustee attorneys could land bigger jackpot
March 30, 2012
Scott OlsonAttorneys assisting the Fair Finance Co. bankruptcy trustee have agreed to no longer be paid by the hour but instead on a
contingency based on a percentage of funds recovered for shareholders of the company owned by indicted financier Tim Durham.
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.
MoreEx-investment manager Hauke gets 10 years for fraud
March 23, 2012
Scott OlsonKeenan Hauke of Fishers, who pleaded guilty to securities fraud in December after costing hedge fund clients $7 million, received
a 10-year federal prison sentence Friday morning.
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.
MoreAllison shares rise in first day after expanded IPO
March 15, 2012
IBJ StaffAllison Transmission Holdings Inc. shares rose 1.7 percent in their trading debut Thursday after the Indianapolis-based manufacturer
raised more than sought in its initial public offering.
MoreAnalysts lukewarm to Allison ahead of market debut
March 14, 2012
IBJ Staff and Bloomberg NewsShares of Allison Transmission Holdings Inc. are expected to begin trading Thursday, but the early reaction to the IPO from
analysts is lukewarm. The locally based company’s private-equity owners are offering 21.7 million shares for $22 to
$24 apiece, which could raise as much as $522 million.
MoreEmmis vote could deal blow to preferred shareholders
March 14, 2012
Greg AndrewsEmmis Communications is calling a special meeting where investors will be asked to eliminate the right of preferred stockholders
to receive millions of dollars in dividends. The firm also seeks approval for a reverse stock split that would prevent a looming
NASDAQ delisting.
MoreTeachers trust fund broker reaches settlement
March 13, 2012
David Karandos, a broker who advised the Indiana State Teachers Association Insurance Trust before it collapsed in 2009, has
reached a settlement. Karandos agreed to a 75-day suspension from working in the securities industry and may pay up to $50,000
in restitution.
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.
MoreEmmis plans to appeal looming NASDAQ delisting
March 5, 2012
IBJ StaffEmmis Communications Corp. has failed to comply with requirements to remain on the NASDAQ exchange, but the Indianapolis-based
media firm said it plans another attempt to avoid being delisted from the well-known stock index.
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.
MoreKIM: Buffett says stocks far safer now than bonds or gold
March 3, 2012
Mickey KimI eagerly await the pearls of investing wisdom in Warren Buffett's annual letter to Berkshire Hathaway Inc. shareholders.
His 2011 missive did not disappoint.
MoreTwo firms accused of bilking investors out of $1.5M
February 29, 2012
State officials have filed civil suits against Plan America LLC in Indianapolis and Rykoworks Capital Group LLC in Brownsburg,
accusing them of fraud and embezzlement.
MoreFair Finance trustee sues former owner for $150M
February 24, 2012
Greg AndrewsThe lawsuit charges Donald Fair knew Tim Durham was looting the business but kept quiet to collect millions of dollars in
payments scheduled to be made from 2002 to 2007.
MoreAngie's List posts smaller loss on higher revenue
February 22, 2012
The Indianapolis-based company posted a loss of $5.9 million in the fourth quarter on revenue of $27.9 million.
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.
MoreRepublic shareholders cheer plans to shed Frontier
February 11, 2012
IBJ StaffA $120 million restructuring that included job cuts and cost reductions has returned Frontier Airlines to profit, allowing
Republic to move ahead with the separation.
MoreTrustee seeks $1B from Fair Finance's lenders
February 8, 2012
Greg AndrewsFair Finance Co.’s bankruptcy trustee finally has found some deep pockets to go after in his quest to recover money
for the small-time Ohio investors who lost more than $200 million when the Tim Durham-led company failed two years ago.
MoreLatest Fair suits target Kato Kaelin, playmate, many others
February 7, 2012
Scott OlsonA former Playboy playmate, a well-known rapper and local businessmen are among the defendants in a barrage of lawsuits filed
by a bankruptcy trustee trying to collect funds for investors of Fair Finance Co., the defunct Ohio firm led by Tim Durham.
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.
MoreGovernor's Fair Finance settlement yields just $3,000
January 24, 2012
Greg AndrewsCourt papers show the Mitch for Governor Campaign Committee isn't paying more in a settlement with Fair Finance Co.’s
bankruptcy trustee because it has just $3,500 left.
MoreFair trustee sues Durham's mother for $831,000
January 22, 2012
Greg AndrewsThe lawsuit alleges Mitza Durham of Seymour received 58 checks or wire transfers from the indicted financier from February
2006 through November 2009.
MoreFinancial maneuvers give Emmis new lease on life
January 21, 2012
Greg AndrewsThe company has made tremendous progress in recent weeks addressing problems that have scared off investors and pushed the
price of its common stock below $1.
MoreState Republican committee agrees to Durham settlement
January 16, 2012
The Indiana Republican State Committee has agreed to pay back $87,875 in political contributions it received from indicted
financier Tim Durham. In addition, a political group supporting Gov. Mitch Daniels agreed to a $10,000 settlement.
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Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.
Yes. Blame those who were too lazy to go vote Obama out and those who voted him in again. That's my take on it. I know folks won't get it on the left. OK. Start berating me now!
Serioulsy, people are AGINST this project? Most communities would be salivating over a project like this. You'd rather have an empty eye-sore gas station and shacks posing as apartments? This project is exactly what BR needs. BUILD IT MR MAYOR. And yes, I am a BR resident, and have been for 20 years.
As a St. Vincent employee of over 20 years, I am saddened and disheartened by this announcement. Unfortunately, as the healthcare "industry" continues on this political and corporate path, all that St. Vincent Hospital has stood for spiritually for its employees and this community is being sucked dry. I know it truly has no choice. It is not just Obamacare or just competition or just any single thing. This trend started long before I was even born when the government became involved in healthcare and it became an "industry." I grieve for those who will lose their jobs, one of whom may be me, but I also grieve for this hospital which I have served for over 20 years. May God give us and it the grace to withstand the future of healthcare.
Why do people constantly harp on this issue and act ignorant about what a city population measures? A city's population is the city's population. There is no argument or debate about it. If you want to measure the density of a city--measure it. If you want to measure the size of a metropolitan area, then measure the metropolitan population. City boundaries cover different sized areas--and they always have (though the disparity has probably increased since about 1900 or so when more cities began annexing their surrounding communities). For example, San Francisco only covers 49 square miles while Houston cover nearly 600 square miles. No one argues about the population rankings of either city even though they clearly cover extremely different sized areas. Indianapolis is the 13 largest city by population in the U.S. That is a fact. While the population of a metropolitan area may give you a better sense of how large a community is, as noted, even metro areas can vary widely in the size of geographic area they cover--so that is not a perfect comparison either.