Legal Issues

Prosecution rests after testimony from Fair Finance trustee

June 18, 2012
Cory Schouten
Attorneys for Tim Durham and his co-defendants are expected to start their defense Tuesday morning and wrap it up in the afternoon. The jury is expected to begin deliberations Wednesday.
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Court ruling would lift cloud of uncertainty

June 18, 2012
J.K. Wall
The U.S. Supreme Court did not hand down a ruling in the health care reform case Monday morning. The nine justices meet again Thursday, but most observers expect the decision to come June 25 or June 28.
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Durham prosecutors wrap case with details on asset transfer

June 18, 2012
Greg Andrews, Cory Schouten
In the weeks before an FBI raid shut down Fair Finance Co., top company executives led by Indianapolis financier Tim Durham devised a last-ditch maneuver they hoped would persuade Ohio regulators to allow them to keep selling investment certificates.
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WellPoint lowers earnings forecast after $90M legal bill

June 18, 2012
Bloomberg News
Indianapolis-based WellPoint Inc. said it is lowering its profit forecast for the year by 3 percent after reaching a $90 million settlement in a class-action lawsuit.
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Fair Finance CFO staying out of prosecutors' crosshairsRestricted Content

June 16, 2012
Greg Andrews
Rick 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.
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WellPoint settlement: $90M for former Anthem members

June 15, 2012
Scott Olson
The federal lawsuit was set to go to trial June 18 in Indianapolis. The claims arise from Anthem's 2001 conversion from a mutual company, owned by its insured policyholders, to a public company.
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Durham trial: Auditor expected problems at Fair Finance

June 15, 2012
Cory Schouten
The accounting firm Tim Durham hired to review the Ohio company’s 2003 finances refused to complete an audit because of concerns about the accuracy of its numbers and the appropriateness of its practices. The FBI raided Fair Finance in November 2009.
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AUDIO: Wiretaps capture Durham, co-defendants scrambling

June 15, 2012
Greg Andrews, Mason King, Cory Schouten
Durham wiretap audio video
                           iconA series of government-recorded phone calls have provided some of the most riveting courtroom moments during the fraud trial of Tim Durham and two co-defendants.
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Fired St. Vincent physician suing hospital for discrimination

June 14, 2012
Scott Olson
The Indian-born doctor is seeking past and future pay, in addition to other damages, for enduring what she considers harassment and discrimination while a resident at the Indianapolis hospital.
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Trial evidence shows desperation in Fair Finance's final days

June 14, 2012
Cory Schouten
The men who presided over Ohio-based Fair Finance were at their wits end by late 2009. In government-recorded phone calls and intercepted e-mails introduced as evidence in U.S. District Court this week, they come across as exhausted, angry and determined.
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Durham prosecutors ask to admit IBJ story as evidence

June 14, 2012
Cory Schouten
Federal prosecutors in the Tim Durham fraud trial on Wednesday sought to introduce into evidence an IBJ investigative report from October 2009, but a judge agreed with a defense attorney and denied the request.
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VIDEO: Fair Finance investor's family lost $475K

June 13, 2012
Cory Schouten
Durham Russell
                           watch videoDonald Russell, a retired deputy sheriff, is among the more than 5,000 clients of Fair Finance who lost big investments with the Ohio firm. After testifying on Tuesday during the fraud trial for Fair owner Tim Durham, he shared his story with IBJ.
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No lockstep defense strategy for Durham co-defendants

June 13, 2012
Cory Schouten
Tim Durham and his co-defendants in the fraud case involving Fair Finance sit on the same side of the courtroom, but that doesn't mean their interests are always aligned.
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Durham trial: Fair Finance controller details cash crunch

June 12, 2012
Cory Schouten
The former controller at Fair Finance is testifying at the fraud trial of Tim Durham as a star witness for the federal government in exchange for immunity from prosecution.
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Donald Fair leads off government's case against financier Durham

June 11, 2012
Cory Schouten
The man whose father founded Ohio-based Fair Finance during the Great Depression led off the government's case on Monday against the Indianapolis men accused of looting the company and leaving its investors with $200 million in losses.
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Judge, attorneys in Durham trial look for jurors untainted by media reports

June 8, 2012
Cory Schouten
A federal judge and a handful of attorneys are selecting jurors who could determine the fate of indicted financier Tim Durham and his co-defendants. The jury-selection process, which began Friday morning, launched what's expected to be a three-week trial over alleged wire and securities fraud.
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Jury selection set to start in Durham fraud trial

June 8, 2012
Greg Andrews
The criminal case against Tim Durham and co-defendants Jim Cochran and Rick Snow is set to begin Friday in front of federal Judge Jane Magnus-Stinson. Prospective jurors in the high-profile trial will be asked whether they can be impartial and not be influenced by what they have heard, read or seen about the case.
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City reaches $1.5M settlement over death in Bisard case

June 7, 2012
 IBJ Staff and Associated Press
The family of a motorcyclist Eric Wells, who died in 2010 after being struck by a patrol car driven by police officer David Bisard, has reached a $1.55 million settlement with the city of Indianapolis in its wrongful death lawsuit.
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Angie's List accuses competitor of deceptive ads

June 6, 2012
Chris O'Malley
Angie’s List Inc. alleges its trademarked name is being misused by a Colorado competitor to intercept people conducting Google searches for the Indianapolis-based contractor-ratings service.
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Rolls-Royce must face whistle-blowers’ lawsuit

June 4, 2012
Bloomberg News
Rolls-Royce Corp. lost a bid Monday for dismissal of a whistle-blower lawsuit pressed by two former quality-control officers claiming the company cheated the United States by failing to report defense-contract product defects.
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Indy’s sewer-fee forgiveness ruled constitutional by high court

June 4, 2012
 IBJ Staff and Associated Press
Indianapolis didn’t violate the Constitution when it forgave sewer-system debt owed by some homeowners while refusing to give refunds to those who had already paid, the U.S. Supreme Court ruled.
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Former state worker sentenced in welfare scam

May 31, 2012
Associated Press
A former Indiana welfare worker has been sentenced to more than three years in prison for creating bogus debit cards he and a co-worker used to steal $185,000 from needy residents' state benefit accounts.
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Emmis restructuring plan to be heard by federal judge

May 31, 2012
Scott Olson

Whether the company can strip preferred shareholders of their right to collect millions of dollars in dividends will be decided in court. Shareholders have filed suit in an attempt to stop the proposal from being voted on.

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Judge hears fight to sex offenders' Facebook ban

May 31, 2012
Associated Press
A federal judge said Thursday she plans to rule within a month on the constitutionality of an Indiana law that bans registered sex offenders from using social networking websites where they could prey on children.
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Indiana fair lawsuits won't go to trial until 2014

May 30, 2012
Associated Press
A group of lawsuits filed over last summer's deadly Indiana State Fair stage collapse likely won't go to trial for nearly two years.
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