Unsatisfied with the Hoosier Park owner’s reorganization plan, hedge funds represented by Wells Fargo Bank petition for conversion
of Chapter 11 bankruptcy into Chapter 7.
The suit against Laikin, a longtime friend of Fair Finance CEO Tim Durham, is the first major legal move to untangle the morass
of related-party loans that propelled the company into insolvency.
Bank of America Corp. is arranging a five-year loan that will be sold at a discount of 98 cents to 98.5 cents on the dollar,
according to a source who declined to be identified because the discussions are private.
The Washington, D.C.-based Pew Center on the States says Indiana “needs improvement” in setting aside money for
retirees’ future health care and other benefits.
The troubles at U.S. Rubber Reclaiming demonstrate the challenges a bankruptcy trustee faces in trying to recover money for
investors.
The country started off as a dump for prisoners and other unwanted British citizens, but it has evolved into a modern-day
paradise.
A business owner and three people allegedly involved in a large mortgage fraud scheme face prison sentences for failing to
report income or file certain tax forms.
Dozens of people in the Indianapolis area have the potential and the interest to become angel investors in the next few years.
A wave of up-and-coming angel investors in the Indianapolis area are quietly accumulating the expertise and thick wallets
necessary to back startups that are at once risky and rich with potential for lucrative returns.
When we left, we were trying to imagine a few of the many obstacles Grace might have encountered as her initial investment grew into $7 million over 74 years.
Federal loan programs that help fund company expansions are seeing more activity from program administrators in Indianapolis.
The Murat Temple Association, a Shriners affiliate that owns the iconic building, is suing Live Nation and Old National Bank
over a naming-rights deal announced March 16.
The Murat Temple Association is a Shriners affiiate that owns the Murat Centre, which on March 16 was renamed the “Old National
Centre” in a three-year deal between the bank and Live Nation.
Until a bull market reaches its last stages (the final three to 12 months), there is a general lack of belief that the market
can go higher.
A Bloomington investor bought the sprawling complex out of receivership in 2008, and had hoped
to spend more than $20 million to renovate it.
Most local venture funds are standing pat because the economy is weak and they’re no longer
in fund-raising mode. Having invested most of their funds, the firms have shifted to the nurturing, or “harvesting”
stage, to try to improve investment returns.
The embattled businessman was booked into the Hamilton County Jail following an incident Saturday morning at his Geist Reservoir
home.
The Evansville-based bank, the largest financial institution headquartered in Indiana, awarded Robert Jones $1.2 million in
total compensation last year, or $146,177 less than in 2008.
The region’s blossoming technology sector is about to get another shot of financial fertilizer. The newly formed Allos
Ventures has raised $20 million from investors and plans to focus on early-stage tech companies.
Back in 1935, she invested $180 in Abbott Laboratories stock and never sold it. This one decision became the entire investment
career of Grace Groner.
