Fair Finance trustee still searching for deep-pocketed savior
Trustee Brian Bash and his legal team have yet to publicly implicate anyone who appears to have the cash to substantially reduce the staggering losses.
Greg Andrews
Articles
Durham car collection fetches $2.2M
A 1929 Duesenberg once driven by Elvis Presley garnered the largest price—$1.237 million.
Tim Durham’s exotic cars hit auction block
Fair Finance Co.’s bankruptcy trustee scheduled the Friday auction to raise money for creditors of the defunct company, including more than 5,000 Ohio residents who hold more than $200 million in unsecured investment certificates.
Analyst says spurned Simon still has plenty of potential
Simon Property Group Inc. used multibillion-dollar buyouts to become the nation’s largest public real estate company. So should investors be worried its last two acquisition bids have gone bust?
Fair Finance trustee sues Durham relatives
The case against Jeffrey and Dana Osler is the latest in what is expected to be a string of suits by the trustee against friends and business associates of Tim Durham who took out loans from Fair Finance but made few if any payments.
FedEx fights to overturn jury’s $66M award to ATA
ATA charged in the two-year-old breach-of-contract suit that FedEx’s unexpected decision in January 2008 to drop it as a military-charter partner forced it into bankruptcy liquidation that spring.
Developer who drew friends into Ponzi reaches $1M deal
Sydney "Jack" Williams, founder of Williams Realty Group, recruited dozens of investors, many with Indiana ties, to invest in a Florida business that turned out to be a giant fraud.
Conseco brass agree to settle 8-year-old suit for $41.5M
The suit accused CEO Gary Wendt, President Bill Shea, Chief Financial Officer Charles Chokel and Chief Accounting Officer Jim Adams of engaging in a “massive and systematic coverup of … actual debts and losses through complex accounting, misleading disclosures, and irregular accounting practices.”
Insurer for Durham firm to settle suits for $5.5M
The agreement allows embattled financier Tim Durham to remain on the board of CLST Holdings, but mandates he step down as chairman and not vote on any matter unless doing so would make the board unanimous.
Naysayers place big bet HHGregg will stumble
Traditional analysts are high on the electronics retailer, but short-sellers, those who profit when a stock falls instead of rises, couldn't disagree more.
Sale of 118-year-old bank symptom of tough times
A sale is suddenly more appealing to Monroe Bancorp and other financial institutions that used to be fiercely independent.
Indianapolis banker sees progress, challenges at ailing Integra
Mike Alley, perhaps more than any other banker in the state, is experiencing the pain the economic crisis has wrought on the nation’s financial institutions.
Celebrity lawyer Roy Black tapped in Durham criminal probe
Tim Durham says he’s ruined financially, but he’s not cutting corners lining up legal firepower to defend himself. Durham has hired famed criminal defense attorney Roy Black of Miami, lawyers representing the Indianapolis financier in civil litigation confirmed.
Irwin Financial trustee poised to sue insiders
Court papers reveal officers and directors of the holding company for the failed Columbus-based bank will soon be defendants in a $40 million suit.
Finish Line cash hoard could draw out suitors
Citigroup Capital Markets retail analyst Kate McShane has Finish Line near the top of her list of potential leveraged-buyout candidates.
Don Marsh, grocery chain he led no closer to making peace
Time has done nothing to settle a dispute between the former executive and the private equity firm that bought his family’s business. They are gearing up for an October 2011 trial.
Firm that ignored lawsuit now paying a hefty price
Tax-resolution firm JK Harris did not defend itself against a lawsuit and got pummeled as a result. Now, it’s brought in an attorney who’s trying to undo the mess.
Worker suit blasts Dick’s for ‘chronic understaffing’
The case alleges the sporting goods firm broke Indiana law by requiring employees to work when they were on break and at other times they weren’t on the clock.
OneAmerica dodged crisis, now reaps rewards
The Indianapolis-based life insurer's investment portfolio held up through the recession, and the company reported record revenue and profit in 2009.
Angie’s List investors not ready to cash in yet
The 15-year-old company now has raised nearly $100 million in debt and equity financing and backing from individuals.