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Law
Prosecution rests after testimony from Fair Finance trustee
June 18, 2012
Cory SchoutenAttorneys 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.
MoreCourt ruling would lift cloud of uncertainty
June 18, 2012
J.K. WallThe 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.
MoreDurham prosecutors wrap case with details on asset transfer
June 18, 2012
Greg Andrews, Cory SchoutenIn 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.
MoreWellPoint lowers earnings forecast after $90M legal bill
June 18, 2012
Bloomberg NewsIndianapolis-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.
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.
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.
MoreWellPoint settlement: $90M for former Anthem members
June 15, 2012
Scott OlsonThe 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.
MoreDurham trial: Auditor expected problems at Fair Finance
June 15, 2012
Cory SchoutenThe 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.
MoreAUDIO: Wiretaps capture Durham, co-defendants scrambling
June 15, 2012
Greg Andrews, Mason King, Cory Schouten
A 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.
Fired St. Vincent physician suing hospital for discrimination
June 14, 2012
Scott OlsonThe 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.
MoreTrial evidence shows desperation in Fair Finance's final days
June 14, 2012
Cory SchoutenThe 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.
MoreDurham prosecutors ask to admit IBJ story as evidence
June 14, 2012
Cory SchoutenFederal 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.
MoreVIDEO: Fair Finance investor's family lost $475K
June 13, 2012
Cory Schouten
Donald 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.
No lockstep defense strategy for Durham co-defendants
June 13, 2012
Cory SchoutenTim 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.
MoreDurham trial: Fair Finance controller details cash crunch
June 12, 2012
Cory SchoutenThe 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.
MoreDonald Fair leads off government's case against financier Durham
June 11, 2012
Cory SchoutenThe 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.
MoreJudge, attorneys in Durham trial look for jurors untainted by media reports
June 8, 2012
Cory SchoutenA 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.
MoreIndiana officials face deadline on anti-nepotism law
June 8, 2012
Associated PressCounty, city, town and township governments across Indiana are racing to adopt new rules against nepotism ahead of a July
1 deadline.
MoreJury selection set to start in Durham fraud trial
June 8, 2012
Greg AndrewsThe 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.
MoreCity reaches $1.5M settlement over death in Bisard case
June 7, 2012
IBJ Staff and Associated PressThe 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.
MoreAngie's List accuses competitor of deceptive ads
June 6, 2012
Chris O'MalleyAngie’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.
MoreRolls-Royce must face whistle-blowers’ lawsuit
June 4, 2012
Bloomberg NewsRolls-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.
MoreDead fugitive from central Indiana defrauded hundreds
June 4, 2012
Associated PressOregon authorities say 62-year-old Phillip Ferguson died last week from a gunshot wound to the head soon after fleeing from
two officers and an FBI agent. Ferguson vanished in 2000 after being accused of bilking more than 600 investors out of $30
million.
MoreIndy’s sewer-fee forgiveness ruled constitutional by high court
June 4, 2012
IBJ Staff and Associated PressIndianapolis 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.
MoreDurham lawyer wants lifestyle out of trial
June 2, 2012
Greg AndrewsTim Durham’s attorney is hellbent on preventing prosecutors from fixating on the things that made the Indianapolis financier
a staple of TV news and gossip columns—his fancy cars, waterfront mansion and other trappings of a lavish lifestyle.
Durham's trial is set to begin on Friday.
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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.