Challenges mushroom for embattled HDG Mansur chief
After flying so high, HDG Mansur's Harold Garrison had a long way to fall, and he's taken quite a tumble.
Greg Andrews
Articles
Challenges mushroom for embattled HDG Mansur chief
Most of the real estate developers who have left a big stamp on Indianapolis have had an audacious streak. That was certainly true of Mansur principals Harold Garrison and Cornelius Alig, whose headline-grabbing projects downtown included construction of Market Tower and the redevelopment of Lockerbie Marketplace and the Omni Severin Hotel. Garrison upped his ambitions […]
Maker of class rings may fetch $1 billion
Herff Jones might be on the verge of a sale for as much as $1 billion. The 94-year-old maker of class rings and yearbooks, quietly renamed Varsity Brands Inc. in June, has hired the investment banking firm Jefferies to explore a sale, unidentified sources told Reuters.
After attack from Christ Church, JPMorgan fires back
JPMorgan Chase argues it did a "solid" job managing trust accounts endowed by Eli Lilly Jr. The banking giant says the church's lawsuit cherry-picks facts and paints a "grossly inaccurate picture."
Firms near and far ditching bigger-is-better mind-set
Many corporate boards are deciding that investors will value two firms with their own focused strategies more highly than one big, multi-pronged conglomerate.
New faces at HHGregg aiming to right the ship
Over the last few years, HHGregg’s senior executives have been departing at a rapid clip, adding to instability at a time the chain was remaking itself to combat tumbling sales of consumer electronics. With the hiring of Chief Financial Officer Robert Riesbeck last month, the new team surrounding longtime CEO Dennis May is now in […]
Local money manager settles proxy fight, wins board seat
Carmel investment firm JWEST LLC ended up with one board seat, rather than the two it sought, but also got Rand Logistics to agree to a range of governance reforms.
Accolades all around as Allison owners exit
Private equity firms Carlyle Group and Onex Group fared well on their purchase of Indianapolis-based Allison Transmission, with the $763 million each put into the 2007 deal more than tripling in value.
Melangton leaving Sports Corp. for IMS
Allison Melangton plans to step down as Indiana Sports Corp. president and will become senior vice president of events with Hulman & Co., parent of the Indianapolis Motor Speedway. Ryan Vaughn, chief of staff to Indianapolis Mayor Greg Ballard, will succeed Melangton.
Local pair wages battle against Manhattan financier
Jonathan Evans and Sean O’Connor of the Carmel investment firm JWEST LLC are trying to win election to the board of Rand Logistics, which they believe is being mismanaged by Chairman Laurence Levy.
Financial services firm to hire up to 153 in Castleton
Chicago-based Cortland Capital Market Services, which has $40 billion in assets under administration, has begun hiring for a variety of financial positions. The Indiana Economic Development Corp. has agreed to provide Cortland up to $1.8 million in tax credits.
Appeals court affirms all but two of Durham’s convictions
The appellate court reduced Tim Durham's felony convictions from 12 to 10 and ordered him resentenced. It said the government, in an "oversight," had failed to submit key evidence related to the two dismissed counts.
Indy Star will be carrying lots of baggage to new home
Revenue for Gannett’s newspapers may continue to drift lower after the company breaks into two next year.
Fair Finance judge throws out $33M Dan Laikin judgment
The ruling is a big setback for bankruptcy Trustee Brian Bash, who has yet to provide any recovery to the more than 5,000 Ohio residents who lost more than $200 million when the Tim Durham-led company collapsed in 2009.
A love story with Christ Church takes contentious turn
This is far from the first time that heirs and beneficiaries of the Lilly family fortune have tangled over how it was managed.
Will spurned TV station launch ABC courtship?
Channel 6's affiliation agreement with ABC expires in January, but the station's owner, E.W. Scripps, has strong ties to the network and will be highly motivated to avoid a parting of ways.
New Simon VC arm making bets on retail technology
The newly formed Simon Venture Group is betting millions of dollars on nascent technology companies that hope to reshape retailing.
HHGregg ready to dust off, ramp up Fine Lines concept
HHGregg's high-end-appliance Fine Lines stores are shifting into the spotlight as the struggling retailer looks for ways to offset declining consumer electronics sales.
Combatants in grocery feud are finally making peace
Attorneys for the Marsh Supermarkets and Don Marsh have quietly reached a settlement on the final issue: how much each side owes the other for legal fees on claims on which they prevailed. Each had argued since last fall the other owed $1.7 million.
Durham victims wait and wait, as quest for cash continues
The bankruptcy trustee who has been trying to scrape together money for victims of Indianapolis financier Tim Durham’s Ponzi scheme just struck two lawsuit settlements that underscore the daunting obstacles he faces.