Investors in failed Church Extension poised to recoup 70 percent
Professionals liquidating the not-for-profit have so far recovered nearly 68 percent of the $82 million owed
investors.
Law
Articles
Law firm Alerding Castor Hewitt hires ExactTarget’s ex-general counsel
William Boncosky spent seven years at the ExactTarget, a span when the firm’s employment grew from 14 to 500.
Johnson County woman guilty of securities fraud
Wanda Robertson was sentenced to eight years in prison, with four years suspended, after pleading guilty Wednesday.
More than 1,100 attend Fair investor meeting
A meeting of Fair Finance Co. investors held Tuesday night at a northeast Ohio hotel drew an overflow crowd of 1,100 people.
Supreme Court considering changes to lawyer ad rules
The state Supreme Court is considering changing Indiana’s rules governing advertising by attorneys.
Ex-investor sentenced in Indiana mortgage fraud
Robert A. Penn, 44, of Naples, Fla., received seven years in prison and was ordered to pay more than $11 million in restitution.
IBJ, Wall Street Journal seek unsealing of Durham records
Indianapolis 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.
Accountant files suit against former firm, partner
A 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.
Real estate lawsuit pits Situs vs. Situs
Texas real estate consultancy sues local brokerage over rights to name they both share.
Would-be buyer: Durham double-dipped on Duesenberg deal
Tim 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.
Fair Finance’s past gave investors, regulators false comfort
The Akron company had been meeting its obligations for decades before Tim Durham acquired it seven years ago.
Judge approves concrete price-fixing settlement
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.
Madison County embezzler gets two-year prison term
The former business manger of a central Indiana factory has been sentenced to two years in prison for embezzling $700,000.
Fair Finance investors file additional fraud suit
More 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.
Attorney general sues lumber recycling plant
Indiana Attorney General Greg Zoeller is suing a northern Indiana lumber recycling plant with a history of environmental and
worker-safety violations.
Freight Masters files bankruptcy after losing business from Chrysler, Boeing
The minority-owned logistics firm is also involved in a legal battle with a Washington state firm over the loss of its Boeing
business.
Judge fines woman waging Web war against plastic surgeon
Judge Sarah Evans Barker declared a Massachusetts woman in contempt of court for failing to remove her negative Internet
postings about an Indianapolis cosmetic surgeon.
Buyer of prized Durham Duesenberg alleges fraud
A 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.
Local funeral home operator interested in troubled Memory Gardens
Indianapolis-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.
Former bank manager sentenced on theft, arson
Former Fifth Third Bank assistant manager Dwayne Roberts was sentenced Tuesday to two years’ home detention and two years’
probation.