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Law
Judge places Fair Finance into bankruptcy
February 19, 2010
Greg AndrewsA federal trustee will take control of the company's assets while securities-fraud probes continue.
MorePfizer's Viagra patent partially rejected in Lilly fight
February 16, 2010
Bloomberg NewsThe patent on impotence drug Viagra was partially rejected after the U.S. Patent and Trademark Office said it wasn't different
enough from a Chinese herb known as Horny Goat Weed. The patent was key to an infringement suit Pfizer filed in 2002 against
Eli Lilly and Co. over its rival Cialis drug.
MoreLocal lawyer appointed to lead national firm Ogletree Deakins
February 13, 2010
IBJ StaffKim Ebert is a veteran lawyer at the local office of the Atlanta-based firm, which has 470 lawyers in 37 locations nationwide.
MorePTS sues Roche Diagnostic to end blood-monitor royalties
February 13, 2010
J.K. WallPolymer Technology Systems Inc., a small Indianapolis-based maker of handheld blood monitors, has gone to court to fight
a competitor more than 100 times its size: Roche Diagnostics Corp.
MoreJudge weighing request to unseal Fair Finance records
February 11, 2010
IBJ StaffA federal judge is weighing whether to unseal search-warrant documents related to the federal investigation of businessman
Tim Durham and Akron, Ohio-based Fair Finance Co. following a hearing Thursday in Youngstown, Ohio.
MoreFair Finance going along with appointment of receiver
February 11, 2010
Greg AndrewsAttorneys for the company and its parent firm denied any fraud occurred but said receivership nonetheless made sense.
MoreDurham-backed firm to halt trading, dissolve
February 10, 2010
Greg AndrewsDallas-based CLST Holdings Inc. has struggled, and its shares trade for a mere 9 cents apiece.
MoreLawsuit could bring NCAA financials to light
February 10, 2010
Anthony SchoettleLawyers for former UCLA basketball player Ed O'Bannon are promising to expose financial information about NCAA's licensing
contracts the NCAA would rather keep private.
MoreFair Finance investors force company into bankruptcy
February 8, 2010
Greg AndrewsInvestors in Tim Durham’s Fair Finance Co. shoved the company into bankruptcy court Monday morning, a move intended
to reduce the risk assets will disappear while securities fraud probes continue.
MoreLaw firm adds historic home to campus
February 6, 2010
Scott OlsonPlews Shadley Racher & Braun has finished a careful restoration of the Eden-Talbott House, continuing a strategy of shunning
glass and steel.
MoreBrizzi contributor Epperly no stranger to controversy
February 6, 2010
Greg AndrewsHarrison Epperly has made a fortune in his business career, but he's also sparked controversy.
MoreBusinesses walk fine line when supporting Colts
February 5, 2010
Scott OlsonAs Super Bowl approaches, companies unaffiliated with the Colts avoid becoming victims of the NFL's strict trademark-enforcement
policies by supporting the team in generic fashion.
MoreEx-Indiana player Leary arrested in fraud case
February 5, 2010
Associated PressThe 39-year-old Leary was being held Friday in the Monroe County Jail in Bloomington on charges out of Allen County.
MoreFair Finance investors file motion for receiver to control assets
February 4, 2010
Greg AndrewsThe motion filed in an Ohio court is aimed at preventing funds from disappearing while investigations continue.
MoreMississippi settles Zyprexa suit against Lilly for over $18M
February 4, 2010
Associated PressMississippi will receive $18.5 million from Indianapolis-based drugmaker Eli Lilly and Co. as part of a settlement over claims
the company promoted the anti-psychotic Zyprexa for ailments it was not federally approved to treat.
MoreDeborah Simon says other potential trustees have conflicts
February 2, 2010
Greg AndrewsMelvin Simon's daughter, who's seeking to remove her stepmother from overseeing a trust that holds her late father Melvin's
fortune, says a corporate trustee is a better option than brother David Simon or family financial adviser Bruce Jacobson.
MoreMelvin Simon's daughter seeks to oust Bren as trustee
February 1, 2010
Greg AndrewsDeborah Simon is seeking
the removal of her stepmother and appointment of a corporate trustee while her lawsuit challenging changes
to the late billionaire's will plays out. The move is the latest salvo in an escalating battle over
an estate that could be worth $2 billion.
MoreFair Finance investors aim ire at U.S. attorney
January 30, 2010
Greg AndrewsOhio residents who put money into Tim Durham's company want the U.S. Attorney's Office to seize his and the company's assets.
MoreFair Finance investors fear money is disappearing
January 27, 2010
Greg AndrewsOhio residents who attended investor meeting say recovering funds hinges on locking down assets that remain.
MoreDurham yacht up for sale; asking price $4.8 million
January 26, 2010
Greg AndrewsIndianapolis financier Tim Durham's famed 98-foot yacht is up for sale for $4.8 million. Durham has been selling some of his
holdings in recent months as financial pressures have intensified after the FBI raided his offices in Indiana and Ohio.
MoreSimon Property Group enters dispute over founder's fortune
January 25, 2010
Cory SchoutenSimon Property Group Inc. is suing Bren Simon, the widow of company founder Melvin Simon, over her effort to convert part
of her late husband's ownership stake in the publicly traded mall giant into common shares or cash.
MoreSimon says husband's shrinking fortune spurred new will
January 21, 2010
Greg AndrewsBren Simon says in a new court filing that her billionaire husband Mel Simon granted her a bigger share of his fortune in
the last year of his life because of alarm over Simon Property Group's plunging stock price and a sharp cut in its cash
dividend.
MoreFormer attorney sentenced in fraud case
January 20, 2010
A former attorney who pleaded guilty to mail fraud has been sentenced to three years probation for submitting inflated bids
on foreclosed homes to the company for which he worked and pocketing the difference.
MoreBank says Durham had no right to sell Duesenberg
January 18, 2010
Greg AndrewsA legal brouhaha over the recent auction of a Duesenberg automobile by Tim Durham has taken a new twist, with Durham's bank
charging the financier didn't have the right to sell the car in the first place.
MoreOhio lawmaker wants Fair Finance owners' assets frozen
January 15, 2010
Greg AndrewsAn Ohio congressman is upset the U.S. Attorney’s Office in Indianapolis isn’t seeking to freeze the assets of
Fair Finance Co. owners Tim Durham and Jim Cochran.
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So the Mayor adds another non value added layer to having a vehicle towed? Whereby the City Government RECIEVES AN ILLEGAL KICKBACK FROM A LGOISTICS COMPANY THAT SUBS THE WORK TO LOCAL TOW COMPANIES? What is the service the City performs for receiving the "tribute"? This is RICO!!!!! What a corrupt and unnecessary layer. What a dirtbag Mayor and his cronies.
Owner occupied housing. Clear enough?
So people think I am paranoid. It's from experience in dealing with puds requested by developers who make major donations themselves to representatives, have nice fund raisers for those running for office and hide through pac's. then there are the public relation firms. You will note some pr comments below. You there Clyde Lee? My opinion. Commercial along 421, great. Multifamily housing, terrible idea that will change the town. Senior condos or zero lot line homes west, great. I suggest keeping all entries to commercial areas at 421. All entries to owner occupied on sycamore. Will keep the traffic on sycamore down some. Two other things. You can't trust what will be there in 10 years. Steve builds quality stuff, but areas change over time. Look at the changes at the wall mart center at 86th and 421 over the last 10 years. Look at the apartments and neighborhoods behind St Vincent's. Raintree properties WILL decrease in value if commercial and multifamily goes in near. It has already been happening around the bridges area. The houses that have been sold recently are way below market. Several deals not closed due to the Illinois construction and the whole unsurety of the bridges. It's pretty simple, Zionsville will approve the whole thing because the city council has been groomed over a LONG period of time for this. I might even suggest some are in their position as a result of this.
Esta, do you have a dog in this fight? You seem to really want to knock anyone against this project. No, I didn't move to Indiana for the architecture. I moved here for that red barn in the field. The horses and fields of corn. A place that is NOT overdeveloped. There are plenty of nearby places in Indianapolis that could be REDEVELOPED instead.
RKW - OK, we get it, you're paranoid. The question is, are you paranoid enough? Greg - Yes, Pittman(s) is (are) at it again. They are developers, they build things. It's what they do. So when you go to work tomorrow, Greg, you're at it again too. Cliff - Really? You moved to Indiana for its progressive architecture? That's like moving to England for the cuisine. Zionsvillain - The house you moved to was once a field or woods. I'm willing to bet folks were upset when that ground was plowed under and a house was built. But I guess now that you are in, everything should stop? "My house was OK, but the next one is sprawl." SE Guy - Please don't paint us with such a wide brush. Most reasonable Zionsville residents welcome planned, measured development.