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Law
Ohio 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.
MoreDurham trailer-maker sued for nearly $1M
January 14, 2010
Greg AndrewsFirst Merchants Bank is seeking nearly $1 million from Tim Durham and his companies through a recently filed loan-default
lawsuit.
MoreDow Agro in legal skirmish over canola oil
January 14, 2010
Bloomberg NewsIndianapolis-based Dow AgroSciences LLC has sued Cooper Industries Plc in an effort to clarify its rights to make a canola-based
fluid used in electrical transformers.
MoreIndy man gets 2 years for extorting insurance firm
January 13, 2010
Associated PressKevin Stewart stole a computer server that contained the names and confidential information of 900,000 people.
MoreInvestors in failed Church Extension poised to recoup 70 percent
January 9, 2010
Greg AndrewsProfessionals liquidating the not-for-profit have so far recovered nearly 68 percent of the $82 million owed
investors.
MoreLaw firm Alerding Castor Hewitt hires ExactTarget's ex-general counsel
January 9, 2010
Peter SchnitzlerWilliam Boncosky spent seven years at the ExactTarget, a span when the firm's employment grew from 14 to 500.
MoreSimon family fight breaks out over billionaire's fortune
January 8, 2010
Greg AndrewsMelvin Simon’s
daughter Deborah filed court papers Thursday afternoon charging her father was coerced into approving a
new estate plan in February 2009 that dramatically increased the amount of his fortune going to her stepmother, Bren.
MoreFormer cemetery owner avoids prison time
January 8, 2010
Scott OlsonRobert E. Nelms received an eight-year sentence that will be served through a community corrections program after pleading
guilty to theft and securities fraud.
MoreJohnson County woman guilty of securities fraud
January 7, 2010
Wanda Robertson was sentenced to eight years in prison, with four years suspended, after pleading guilty Wednesday.
MoreMore than 1,100 attend Fair investor meeting
January 6, 2010
Greg AndrewsA meeting of Fair Finance Co. investors held Tuesday night at a northeast Ohio hotel drew an overflow crowd of 1,100 people.
MoreEx-investor sentenced in Indiana mortgage fraud
January 5, 2010
IBJ Staff and Associated PressRobert A. Penn, 44, of Naples, Fla., received seven years in prison and was ordered to pay more than $11 million in restitution.
MoreIBJ, Wall Street Journal seek unsealing of Durham records
January 5, 2010
Greg AndrewsIndianapolis Business Journal and The Wall Street Journal have joined the legal fight to unseal search
warrant documents related to the federal investigation of businessman Tim Durham.
MoreAccountant files suit against former firm, partner
January 4, 2010
Scott OlsonA contentious split between two prominent accounting partners is getting even uglier after a lawsuit filed by one of them
has the other pledging to counter sue.
MoreReal estate lawsuit pits Situs vs. Situs
December 31, 2009
Peter SchnitzlerTexas real estate consultancy sues local brokerage over rights to name they both share.
MoreWould-be buyer: Durham double-dipped on Duesenberg deal
December 30, 2009
Andrea Muirragui DavisTim Durham struck a deal to sell a vintage Duesenberg for $1 million before auctioning off the same vehicle for $2.9 million,
according to the small-town Michigan mayor who said he agreed to buy it.
MoreFair Finance's past gave investors, regulators false comfort
December 26, 2009
Greg AndrewsThe Akron company had been meeting its obligations for decades before Tim Durham acquired it seven years ago.
MoreJudge approves concrete price-fixing settlement
December 22, 2009
A federal judge has preliminarily approved a settlement in which a central Indiana concrete company agreed to pay $29 million
to resolve a class-action antitrust lawsuit alleging it and six other companies conspired to fix the price of ready-mixed
concrete.
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.
MoreFreight Masters files bankruptcy after losing business from Chrysler, Boeing
December 19, 2009
Chris O'MalleyThe minority-owned logistics firm is also involved in a legal battle with a Washington state firm over the loss of its Boeing
business.
MoreBuyer of prized Durham Duesenberg alleges fraud
December 19, 2009
Greg AndrewsA Virginia businessman is suing Tim Durham, alleging he and other defendants manipulated the September auction of a 1930 Duesenberg
that sold for $2.9 million.
MoreJudge fines woman waging Web war against plastic surgeon
December 19, 2009
IBJ StaffJudge Sarah Evans Barker declared a Massachusetts woman in contempt of court for failing to remove her negative Internet
postings about an Indianapolis cosmetic surgeon.
MoreLocal funeral home operator interested in troubled Memory Gardens
December 16, 2009
Scott OlsonIndianapolis-based Wilson St. Pierre Funeral Service & Crematory is one of two companies that have emerged as potential
suitors of the embattled Memory Gardens Management Corp.
MoreFederal filing lists another link between Brizzi, Durham
December 12, 2009
Greg AndrewsA federal financial-disclosure statement Brizzi submitted in May lists the politician as an investor in Red Rock Pictures
Holdings Inc., a film-development firm also backed by Durham.
MoreEditorial writers lose appeal against Star
December 9, 2009
Jennifer Nelson / The Indiana LawyerTwo former editorial writers at Indiana's largest newspaper failed to prove they were the victims of religious discrimination,
according to a circuit court of appeals.
MoreAriad asks court to restore patent-suit win against Lilly
December 8, 2009
IBJ StaffA federal appeals court will decide whether Eli Lilly and Co. must pay $65.2 million in damages, plus royalties, over a drug-patent
claim.
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First, let me say that I love the idea of communities being self-sufficient and people in the community not needing cars, living, working and shopping all in their neighborhood. To sum it up; I love good urban planning and hate urban sprawl. However, there are two reasons that I am against this development. First, this building doesn't fit. Density can occur in Ripple by building up top the street and better use of land. The scale of this project should be downtown. Secondly, I would be willing to bet that if a whole foods in Ripple is built, the Nora store would be closed. Here's my reasoning. The Nora Whole Foods expansion plans have been put on hold. I'm guessing they are waiting to see what happens with the Ripple proposal. Communities next to each other should work together to end sprawl and not work against each other and take other neighbors assets. Develop something both communities can be proud of and will attract more development and density. There's my soap box for the day.
My apologies, Lou - it was the Indy Star that printed cost for entertaining "celebrities" during Indy 500. Sorry for confusing the always timely IBJ with Indy's Gannett reprint news source.
That's fine if you want a grocery store that has festivals and live music. I guess with the prices they charge, they can afford to host such activities. As for me, I choose to spend my money more wisely and if I want to go to a festival or a concert, I will pay for that separately - not through my grocery bill.
TIF is not just to attract development but to attract a higher use for that development. Carmel wisely is using TIF for numerous public parking garages. Asphalt seas of parking pay little taxes and bring even less value to a commercial area. Also density is what is going to save Indy and Broad Ripple. The days of trying to compete with burbs are long gone.
The Prestige was an awesome movie.