When Judge Jane Magnus-Stinson sentenced Durham to 50 years in 2012, she said there was no point to handing down a sentence that was a multiple of his likely life span.
This hiatus in what seemed like a headlong rush to commit Indianapolis taxpayers to a very expensive new justice center provides decision-makers and stakeholders alike an excellent opportunity to consider what we’ve learned from this debate.
The deal would resolve a 2011 lawsuit accusing former Indianapolis businessman Tim Durham of using Fair Finance funds to prop up National Lampoon. He is a former CEO of both companies.
Last year in April, I was mistakenly “fired.” I was in my third year of teaching at Harshman Magnet Middle School in Indianapolis Public Schools. My name appeared on a list sent out in error, releasing teachers based on the old “last in, first out” practice.
For employer health plans, diabetics generate $10,000 more per year in medical bills than non-diabetics. That means the rise in the prevalence of diabetes over the past 25 years is costing Hoosiers an extra $2.6 billion annually.
BWI LLC has purchased an industrial property near Fall Creek Parkway and East 38th Street and plans to convert the building into 49 affordable and market-rate units.
The bankruptcy trustee had accused Fortress Credit Corp. of turning a blind eye to Tim Durham's Ponzi scheme because it was making millions of dollars and held first liens on the only company assets with real value.
“Negative real interest rates are impossible.” That’s econ-speak for the simple idea that you have to be nuts to pay someone to borrow money from you. Styring would have to be smoking a controlled substance to lend Bohanon $100 on his promise to pay back $99.75 a year from now. He’s better off just stashing […]
Indianapolis Business Journal gathered leaders in the state’s technology industry for a Power Breakfast panel discussion April 24. Among the topics the panel discussed were startup capital, attracting life sciences professionals and digital trends to watch.
ITT Educational Services Inc. was unable to get a federal judge to dismiss a predatory-lending lawsuit filed by the Consumer Financial Protection Bureau, so now it is taking its request to an appeals court.
Think we’re almost done with changes from Obamacare? Think again. Things won’t settle down any sooner than 2017, and they could actually get even wilder after that.
The company's bankruptcy trustee said in a court filing that it is "highly doubtful" Laikin would have the financial wherewithal to pay more than the settlement amount.
Some fund managers tweak their strategies or fees when things aren’t going so well. But don’t look for Bob Auer, the fund’s 53-year-old senior portfolio manager, to do so.
Lawyers for Indianapolis power couple Steve and Tomisue Hilbert are slinging “ludicrous allegations” of witness tampering just to cover up their own wrongdoing, according to the latest broadside from the attorneys representing John Menard, the Hilberts’ former business partner.
Sales per square foot are down, the building itself is aging, and persuading the lone anchor, Carson Pirie Scott, to stay another three years required generous incentives.
St. Vincent’s operations produced a healthy profit margin of 10 percent last year, but nearly half of that money—$134 million—was shipped to Ascension Health, St. Vincent’s parent organization. That’s nearly 5 percent of what Hoosiers and their health plans pay for care at St. Vincent each year.
