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Durham fate rests in judge's hands
November 29, 2012
Cory SchoutenConvicted Ponzi schemer Tim Durham and two accomplices will find out Friday whether they will spend the rest of their lives
in prison.
MoreSpeech recognition technology firm gets cash infusion
November 3, 2012
Waveform Communications LLC got its second round of funding for research and development.
MoreNew rules open door to ads for private placements
September 15, 2012
Kathleen McLaughlinIn accordance with the Jumpstart Our Business Startups Act, the Securities and Exchange Commission will lift the long-standing
ban on “general solicitation” of unregistered securities.
MoreWeb startup aims to connect private businesses, investors
July 28, 2012
Andrea Muirragui DavisPrivate firms that need to raise relatively modest amounts of capital have a hard time finding money. Now three Indianapolis
entrepreneurs think they have the answer: crowdfunding. Individuals make small investments that are aggregated to fund a business.
Indianapolis-based Localstake wants to be the matchmaker.
MoreSKARBECK: Merger lawsuits common, but investors seldom benefit
June 16, 2012
Ken SkarbeckThe filing of merger lawsuits is so predictable that many acquiring companies factor in class-action legal costs as a form
of “transaction tax” to get their deals done.
MoreAngie’s List faces challenges in bid to go public
August 26, 2011
Scott Olson, Associated PressThe company said in its initial public offering that it has lost money since its inception. But it still could be attractive
to prospective investors, said a local lawyer who helps companies go public.
MoreCommunications giant WPP buys stake in Just Marketing
July 11, 2011
Anthony SchoettleOne of the world’s largest communications firms has acquired a stake in Just Marketing International, a locally based
motorsports marketing firm that has been valued at about $100 million.
MoreCompanies seek equity in return for services to startups
April 16, 2011
Francesca JaroszA crop of Indianapolis companies is embracing the practice of developing and marketing products for startups in exchange for
an ownership stake.
MorePromising ethanol yeast nears market launch
June 19, 2010
Chris O'MalleyA firm that may have developed a breakthrough yeast for ethanol production has landed new investment and high-octane board
members. Two-year-old Xylogenics Inc. also says it plans to license its first bioengineered yeast later this year.
MoreEnerDel's potential luring backers despite steep losses
June 5, 2010
Peter SchnitzlerThe parent of locally based lithium-ion battery maker EnerDel is putting together hundreds of millions of dollars in financing
to fund a business plan that could bring revenue to nearly $1 billion within five years.
MoreUPDATE: Emmis takeover deal unlikely to hit turbulence
April 26, 2010
Greg Andrews, Scott OlsonA big Emmis Communications Corp. shareholder believes the $90 million deal CEO Jeff Smulyan unveiled Monday morning to
take the company private is unlikely to get derailed—even though it’s worth far less than a takeover offer Smulyan
failed to get through his board four years ago.
MoreEmmis chief looks to take company private
April 26, 2010
Scott OlsonJS Acquisition Inc., the company Emmis CEO Jeff Smulyan has established to complete the acquisition, would purchase all shares
of publicly traded Emmis for about $90 million, according to Monday morning's announcement.
MoreUPDATE: Steak n Shake shareholders OK name change
April 8, 2010
Cory SchoutenSteak n Shake Co. shareholders on Thursday approved changing the parent company’s name to Biglari Holdings Inc. Shares
begin trading under the new name on Friday.
MoreSteak n Shake CEO woos investors in New York City
April 8, 2010
Cory SchoutenSteak n Shake Co. doesn't operate a single restaurant in New York City, where it is hosting its annual meeting Thursday.
But the world financial capital is chock full of high-profile investors intrigued by Steak n Shake CEO Sardar Biglari's
plans to harvest cash from the 485-location restaurant chain and deploy it on other investments.
MoreFair Finance investors file additional fraud suit
December 22, 2009
Greg AndrewsMore than three dozen residents of a northeast Ohio county who invested in Fair Finance Co. are seeking to recover more
than $2.1 million from the shuttered company.
MoreLilly software spinoff Maaguzi sells for $11 million
August 3, 2009
Chris O'MalleyInvestors in a company built around clinical research software bought from Eli Lilly and Co. have found their exit, though
it’s far from the lucrative payoff they’d once imagined.
MoreChaCha co-founder dancing to different drum
April 27, 2009
Chris O'MalleyChaCha Search Inc. co-founder Brad Bostic has stepped down as president of the human-assisted Internet search company, which
is struggling to turn a profit in a dismal advertising climate, but he hasn't left. "Brad is still engaged with the company
as a director, co-founder and consultant," said co-founder and CEO Scott Jones.
MorePurdue student venture fund invests in Kylin Therapeutics
March 16, 2009
Purdue University's Student-Managed Venture Fund is betting its bank on West Lafayette-based biotech startup Kylin Therapeutics
Inc.
MoreDurham insider deal sparks outcry
March 9, 2009
Greg AndrewsTim Durham is facing allegations of self-dealing after a publicly traded company he helps run in Dallas acquired assets from
a finance company he owns in Ohio.
MoreDBSI, an Idaho company with Indiana properties, faces class-action suit
November 10, 2008
Cory SchoutenDBSI, an Idaho real estate firm with 250 properties worth $2 billion faces a class-action suit. Some of its properties and investors are in Indianapolis.
VC firm raises $116M for second fund after knocking first one out of park
September 29, 2008
Peter SchnitzlerThanks to hefty 35-percent gross returns on its $60 million first fund, locally based Centerfield Capital Partners LP has raised nearly twice as much for its second. This month, the venture capital firm closed on $116 million from a variety of investors. As before, Centerfield's 50 limited partners include major Hoosier institutions. But this time, numerous big banks, insurance companies and pension funds from outside state lines were also investors.
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Ameriana Bank took over Westfield Farmers Market for 2013 and it is held in their parking lot, corner of 32 and Carey road, 5 to 8. I am selling soap and candles there. great market!
B&T certainly has enough of our taxpayer dollars to do this thanks to Mayor Ballard. Given the firm's exceedingly poor reputation in the legal community, the basement would seem a better option.
Should read MAY hire 20 people.
Not a good location for a 300,000 home. 10th Street fumes, buses, noise. Max for this location 150,000.
The state constitution also does not say that the majority has a right to quorum, nor that the minority is required to allow them quorum. In fact, denial of quorum has been a parliamentary maneuver since the establishment of the first parliaments in the early 1600s. The right to deny quorum (and the requirement fore quorum) are to prevent exactly what happened in Indiana: A tyrannical majority pushing through odious, objectionable legislation. Denial of quorum is totally legitimate, and lest we forget, a tactic the GOP has employed many, many times to ensure their issues weren't given short shrift. By allowing the majority to impose "fines" on the minority for exercising the authority the constitution grants them (to deny quorum,) they are violating the constitution.