Executives of defunct Indianapolis developer Premier Properties USA Inc. are negotiating to settle a lawsuit brought by the U.S. Department of Labor that claims the company raided employee retirement accounts in a last-ditch bid to save itself in early 2008.
Trying to buy the items repeated in the song’s verses would cost $96,824—10.8 percent more than last year due to rising gold prices and higher pay for nine dancing ladies.
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.
This unusual taxpayer-owned IPO did create some interesting conflicts.
The holiday season in the United States has morphed into a time of concentrated purchases.
Developer Puller Group has agreed to relinquish a high-profile property approved for a massive water park and retail project to lender Fifth Third Bank following a months-long legal battle over an $8.6 million loan.
The latest round of funding brings the total raised by the local data-storage upstart to $31 million and follows a $9 million investment it received in March.
Indiana-based Eastern Livestock Co. may owe more than 700 ranchers across the Midwest, South and West a total of $130 million.
The Federal Home Loan Bank of Indianapolis has filed suit against some of the nation’s largest financial institutions, including Bank of America, Wells Fargo and J.P. Morgan Chase, to recover losses on a $3 billion portfolio of mortgage-backed securities.
U.S. Federal Reserve Chairman Ben Bernanke wants the entire world to believe that the United States is in a deflationary economic cycle and, therefore, the drastic, insane steps he is taking are justified.
As you will learn in any good high school economics class, everyone values the future less than the present.
The Federal Home Loan Bank of Indianapolis is suing some of the nation’s largest financial institutions to recover losses on a $3 billion portfolio of mortgage-backed securities.
A Florida art dealer who successfully bid more than $260,000 on artwork that once belonged to Fair Finance Co. co-owner Timothy Durham says he canceled the sale. Now he and another big bidder from Philadelphia are being sued by Fair Finance bankruptcy trustee Brian Bash for nonpayment.
The device is projected to save Prince Group office at Stifel Nicolaus & Co. more than $3,000 in paper alone.
Looking at the final years of the Great Depression tells me that next year might not be so kind to investors.
At 78, L. Gene Tanner is one of the longest-serving investment advisers working in Indianapolis. Tanner spoke with IBJ's Norm Heikens about why he shifted to City Securities, his brush with convicted Ponzi scheme operator Bernard Madoff, and how his investment strategy has changed.
Experts are split over whether runup in precious metal is a classic bubble.
Indiana among those rolling out new, less-risky 529 plans to attract savers wary of losing money in the stock market.
Owner Chuck Mack says popular tavern and restaurant Moe & Johnny’s, open in Broad Ripple since 1996, is in no danger of closing despite the Chapter 11 filing.
Benchmarking has exploded with the industry’s propensity to slice and dice and categorize every segment of the overall investment pie.
