Attorneys on Friday afternoon filed a class-action lawsuit seeking to rescind $200 million in investor purchases of Fair
Finance Co. securities and to slap Tim Durham and other company insiders with millions of dollars in punitive
damages.
Indirjit Singh of Greenwood is suing Atlanta-based Air Serv Corp. in U.S. District Court in Indianapolis for religious discrimination.
The Indiana Secretary of State’s securities division says Indiana State Teachers Association can’t account for $23 million
intended for
school districts, requests assets be frozen.
A high-profile businessman and the Indianapolis companies he operated with family members have been ordered by a federal judge to pay $34.2 million relating to the fraudulent transfer of assets in a business sale.
Michael Lewis, 53, filed a complaint with the Indianapolis office of the U.S. Equal Employment Opportunity
Commission Aug. 13 and sued Huntington Oct. 15 in Marion Superior Court.
A Marion County judge has frozen certain Hansen & Horn Group Inc. funds after the Indianapolis homebuilder failed to pay
a $183,000 legal judgment. The move sheds light on the severity
of the company’s woes.
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.
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.
The Indiana Supreme Court on Wednesday delivered some good news to the widow of former Conseco Inc. Chief Counsel Lawrence
Inlow, reversing a lower court’s order that she pay his estate $284,034 for funeral expenses.
Internet phone service provider Vonage Holdings Corp. will pay $3 million to 32 states, including Indiana, and provide refunds
to affected customers.
Eli Lilly and Co. has agreed to pay Utah $24 million to settle a lawsuit claiming the company improperly marketed the antipsychotic
drug Zyprexa.
The Flaherty & Collins project—dubbed 210 Trade—would have been the tallest residential building in the Carolinas, with more floors
than any building in the region except the Charlotte headquarters of Bank of America Corp.
Ricker Oil’s Oct. 22 suit claims British petroleum giant BP is charging unjustified royalty fees while delivering no boost
from its national advertising, its proprietary IT system or its bulk purchase pricing.
A lawyer says Irving Materials Inc. has agreed to pay $29 million to settle a class-action antitrust lawsuit alleging it and
six other companies conspired to fix the price of ready-mixed concrete.
South Carolina Attorney General Henry McMaster said Friday that the state has reached a $45 million settlement with drug maker
Eli Lilly and Co. over the company’s marketing of an anti-psychotic drug.
Indianapolis businessman Tim Durham has treated Ohio-based Fair Finance Co. almost like a personal bank since buying it seven
years ago, and now he, his partners and related firms owe it more than $168 million, records show.
The Mooresville-based company that owns John Dillinger’s publicity rights has made an “offer” of sorts
that the Godfather can’t refuse.
Eli Lilly and Co. has agreed to settle the State of South Carolina’s lawsuit that claimed Lilly improperly marketed the antipsychotic
drug Zyprexa, according to Bloomberg News.
A London-based hedge fund has sued Brightpoint Inc. over a $10 million loan it alleges the Indianapolis-based cell phone distributor
fraudulently brokered in anticipation of an acquisition in France that never materialized.
Locally based Broadbent Co., one of the city’s biggest retail developers, has sued two of its banks, charging they’re
wrongly attempting to restrict its access to a $50 million credit line.
