Emmis Communications is calling a special meeting where investors will be asked to eliminate the right of preferred stockholders to receive millions of dollars in dividends. The firm also seeks approval for a reverse stock split that would prevent a looming NASDAQ delisting.
David Karandos, a broker who advised the Indiana State Teachers Association Insurance Trust before it collapsed in 2009, has reached a settlement. Karandos agreed to a 75-day suspension from working in the securities industry and may pay up to $50,000 in restitution.
If the cost of aircraft fuel continues to approach $3.50 a gallon, 2012 fuel costs for the company's Frontier unit fuel will end up $40 million higher than the business plan.
Emmis Communications Corp. has failed to comply with requirements to remain on the NASDAQ exchange, but the Indianapolis-based media firm said it plans another attempt to avoid being delisted from the well-known stock index.
Lawyers overseeing Fair Finance's liquidation charge that, every step of the way, businesspeople who crossed Tim Durham’s path and witnessed questionable behavior looked the other way—because it was highly profitable for them to do so.
I eagerly await the pearls of investing wisdom in Warren Buffett's annual letter to Berkshire Hathaway Inc. shareholders. His 2011 missive did not disappoint.
State officials have filed civil suits against Plan America LLC in Indianapolis and Rykoworks Capital Group LLC in Brownsburg, accusing them of fraud and embezzlement.
The lawsuit charges Donald Fair knew Tim Durham was looting the business but kept quiet to collect millions of dollars in payments scheduled to be made from 2002 to 2007.
The Indianapolis-based company posted a loss of $5.9 million in the fourth quarter on revenue of $27.9 million.
Transcripts of phone conversations capture Fair Finance CEO Tim Durham discussing ways to recast company financials to mitigate Ohio securities regulators’ concerns about massive insider loans.
Analysts say the company has struggled to generate the consistent earnings that rivals have, in part because of mispricing of its Medicare Advantage senior coverage.
A $120 million restructuring that included job cuts and cost reductions has returned Frontier Airlines to profit, allowing Republic to move ahead with the separation.
Fair Finance Co.’s bankruptcy trustee finally has found some deep pockets to go after in his quest to recover money for the small-time Ohio investors who lost more than $200 million when the Tim Durham-led company failed two years ago.
A former Playboy playmate, a well-known rapper and local businessmen are among the defendants in a barrage of lawsuits filed by a bankruptcy trustee trying to collect funds for investors of Fair Finance Co., the defunct Ohio firm led by Tim Durham.
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.
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 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.
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.
