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Criminal charges possible in Premier blowup

Authorities are considering pursuing criminal charges against Christopher P. White and other executives at Premier Properties
USA Inc. in connection with deepening troubles at the local development firm, sources familiar with the matter told IBJ.

Fewer firms reimbursing workers for tuition

As corporations continue to dig out from the worst recession in decades, tuition-reimbursement programs are a common
casualty. A survey estimates that 63 percent of companies will
offer undergraduate educational assistance this year compared to 67 percent in 2005.

Premier lays off workers as lawsuits, debt pile up

Premier Properties USA Inc. has eliminated about half its headquarters staff—more than 40 employees—as banks seize
several of its properties and CEO Christopher P. White faces a barrage of new lawsuits alleging unpaid bills, defaulted loans,
illegally redirected rent payments and check fraud.

Top local money managers hedge against stagflation

Faced with the potential for another bout with stagflation, investment managers are scrambling to decide how to face a future when markets may again be thrown into turmoil by the two-headed monster of frisky price increases and crummy economic conditions.

Creditor pursues troubled Premier’s property

Wachovia Bank has begun foreclosure proceedings on one of Premier  Properties  USA Inc.’s most prized developments,
a giant Ohio lifestyle center anchored by Target and J.C. Penney.

Memo: Unpaid contractors demanding payment from Premier Properties

Premier Properties USA Inc. is scrambling to keep up with bills for basic services including snow removal,
security and interior design—more signs of financial troubles for the developer of Metropolis in
Plainfield and the proposed Venu project in Indianapolis.

SPECIAL REPORT: Financial travails dog ‘mystery man’ at helm of Premier Properties

An IBJ review of hundreds of pages of public records shows Christopher P. White and his Premier
Properties USA Inc. are facing major financial and legal challenges. The most glaring signs of trouble: Contractors have filed
more than $3.5 million in liens against Premier’s retail properties in Plainfield; the state of Indiana is trying to
recover $375,000 in sales taxes on White’s airplane; and the contractor who renovated his Lake Clearwater mansion
is suing him to recover more than $600,000 in unpaid bills.

NFP of NOTE: Heritage Place of Indianapolis Inc.

Heritage Place of Indianapolis Inc. provides older adults with comprehensive and coordinated human services to encourage
and promote healthy lifestyles, independence, well-being and quality of life.

Lilly snags talent kudos

Fortune magazine ranked the drug company among the best in the world for managing talent.

Corrections officials arrested for alleged misconduct

An Indiana State Police probe of the Henry County Community Corrections program has resulted in charges of ghost employment
and official misconduct against the program’s director and two New Castle police officers who worked for it. The three surrendered
Wednesday and were released on bond. According to court documents, director Matt Sheets and officers Matthew Peterson and
Jim Heffernan played golf, visited friends and exercised at a New Castle gym while on duty.

Massive fire destroys Bloomington office building

Investigators are trying to figure out what caused a Bloomington office building to burn Wednesday night. Firefighters called
it a total loss. The 30,000-square-foot Eastplex building near College Mall housed several businesses. No injuries were reported.