Mysterious $14M Verizon payable looms over Durham firm
CLST Holdings founder Al Goldfield says the company hid a $14 million debt to Verizon Communications Inc. in the years after
he left.
CLST Holdings founder Al Goldfield says the company hid a $14 million debt to Verizon Communications Inc. in the years after
he left.
The protective order will allow David Simon and Cynthia Simon-Skjodt access to records, even though they aren’t plaintiffs.
A Hamilton County judge says Mel Simon’s widow can’t cash in partnership units worth more than $500 million.
Banks used to take pride in having long records of increasing dividends. Now, about all most can say is they still pay one.
Parties disagreed over public disclosure in the first major court hearing in the dispute over how to divide the billionaire's
fortune.
Borrowers from Tim Durham's bankrupt finance company will face heavy-handed collection tactics.
Pledges to St. Vincent, Indianapolis Museum of Art should be paid by trusts, foundations affiliated with Bren Simon, court
papers allege.
A judge has blocked Tim Durham and other directors of Dallas-based CLST Holdings Inc. from dissolving the struggling company
at the close of business Friday. Its largest shareholder hopes to place dissident candidates on the board.
Brian Bash will need to untangle a web of related-party transactions that have befuddled nearly everyone who has tried to make sense of them.
A federal trustee will take control of the company’s assets while securities-fraud probes continue.
Mike Ciresi, who’s representing widow Bren Simon, helped win a $6 billion settlement from the tobacco industry.
HHGregg Inc. had been in business nearly a half century when it hit the 50-store mark in 2004. It plans to open nearly
that number within the next year.
Attorneys for the company and its parent firm denied any fraud occurred but said receivership nonetheless made sense.
Dallas-based CLST Holdings Inc. has struggled, and its shares trade for a mere 9 cents apiece.
Investors in Tim Durham’s Fair Finance Co. shoved the company into bankruptcy court Monday morning, a move intended
to reduce the risk assets will disappear while securities fraud probes continue.
The motion filed in an Ohio court is aimed at preventing funds from disappearing while investigations continue.
Harrison Epperly has made a fortune in his business career, but he’s also sparked controversy.
Melvin Simon’s daughter, who’s seeking to remove her stepmother from overseeing a trust that holds her late father Melvin’s
fortune, says a corporate trustee is a better option than brother David Simon or family financial adviser Bruce Jacobson.
Deborah Simon is seeking
the removal of her stepmother and appointment of a corporate trustee while her lawsuit challenging changes
to the late billionaire’s will plays out. The move is the latest salvo in an escalating battle over
an estate that could be worth $2 billion.
Ohio residents who put money into Tim Durham’s company want the U.S. Attorney’s Office to seize his and the company’s assets.