A state program created to help Indiana residents avoid foreclosure by providing them with 10-year loans is seeing few takers even though the state's foreclosure rate is among the highest in the nation.
Firms pursuing IPOs simultaneously investigate the possibility of a sale as a matter of course, in part because doing so helps investment bankers assess how they should price shares if they pull the trigger on an offering.
Plan sponsors will face both higher expectations and legal responsibilities.
Supporters of new legislation say the wealthy shouldn’t have to leave the state to avoid the tax.
The foundation of Alpha Tau Omega accuses Indianapolis-based K.B. Parrish & Co. LLP of malpractice and breach of contract stemming from $400,000 in missing funds allegedly taken by a former employee.
Evansville-based Old National will absorb 20 Indiana Community branches, including three on the southern edge of Indianapolis. Indiana Community Bank & Trust has nearly $985 million in assets.
Kim Hutchison, 52, the former treasurer of Greenwood-based J. Greg Allen Builders and Princeton Homes, has been sentenced to 18 months in prison for allegedly stealing more than $446,000 from the now-closed companies.
Court papers show the Mitch for Governor Campaign Committee isn't paying more in a settlement with Fair Finance Co.’s bankruptcy trustee because it has just $3,500 left.
The Indiana secretary of state’s office says the investment bank agreed to pay a $100,000 fine and $110,000 in investigative costs.
The Indiana Supreme Court handed down an order that sets out a repayment schedule for the $2.4 million that United Financial Systems Corp. still owes its former customers.
The lawsuit alleges Mitza Durham of Seymour received 58 checks or wire transfers from the indicted financier from February 2006 through November 2009.
The company has made tremendous progress in recent weeks addressing problems that have scared off investors and pushed the price of its common stock below $1.
One case involves an Indianapolis attorney accused of stealing nearly $600,000 from two accounts she oversaw as trustee. The other involves the theft of $200,000 from the foundation of a national collegiate fraternity.
Mergers and acquisitions in 2011 ranged from WellPoint’s acquisition of CareMore to a trucking company merger.
As deadlines loom, private equity firms, others, move to deploy capital.
Wells Fargo Bank claims in a lawsuit that Indianapolis Enterprise Center LLC defaulted on a $3.1 million loan. The bank wants the center’s property sold to help satisfy the debt.
Indianapolis-based ProLiance, a natural-gas marketer and supplier, was singed by a $57.2 million pretax loss in the first nine months of 2011, causing some analysts to wonder if majority owner Vectren Corp. will try to sell its 61-percent stake in the company.
There were 22,754 cases filed in Southern District of Indiana in 2011, compared with 27,394 the prior year.
Developer Sydney “Jack” Williams received one year in prison and a $25,000 fine for failing to report millions of dollars he received in commissions related to a Florida investment scheme.
The Indiana Republican State Committee has agreed to pay back $87,875 in political contributions it received from indicted financier Tim Durham. In addition, a political group supporting Gov. Mitch Daniels agreed to a $10,000 settlement.
