Menard lawsuit entangles businessmen Hilbert, Dick
Former Conseco executives Steve Hilbert and Rollin Dick are caught in a bitter legal battle between billionaire hardware king John Menard and his ex-fiancee.
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Celebrity lawyer Roy Black tapped in Durham criminal probe
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.
SKARBECK: GM’s return to market not your usual IPO
This unusual taxpayer-owned IPO did create some interesting conflicts.
HAUKE: Fed pulling out all stops to keep inflation down
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.
Home Loan Bank sues over losses on $3B mortgage portfolio
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.
Bankruptcy trustee sues Durham art bidders
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.
PRINCE: Why iPad could save investment firms money
The device is projected to save Prince Group office at Stifel Nicolaus & Co. more than $3,000 in paper alone.
COAN: Stocks will get worse before they get better
Looking at the final years of the Great Depression tells me that next year might not be so kind to investors.
Indianapolis investment adviser Gene Tanner in it for the long haul
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.
Gold is booming, but for how long?
Experts are split over whether runup in precious metal is a classic bubble.
SKARBECK: Benchmarks helpful, but have their problems
Benchmarking has exploded with the industry’s propensity to slice and dice and categorize every segment of the overall investment pie.
Angie’s List attracts $2.5M infusion
The investment is from a San Francisco-based firm and follows a $22.5 million investment the company received in October from multiple investors.
Citigroup subsidiary agrees to $717,000 Indiana fine
The penalty stems from charges that Citigroup Global Markets failed to monitor a former agent accused of working with Robert Nelms, who was sentenced in May for securities fraud involving a $24 million cemetery trust fund operated by Indianapolis-based Memory Gardens Management Corp.
Finish Line cash hoard could draw out suitors
Citigroup Capital Markets retail analyst Kate McShane has Finish Line near the top of her list of potential leveraged-buyout candidates.
HAUKE: Stock market, as usual, gets it right again
I’ve noticed a growing number of experts who are confused and confounded by the rising stock market. They refuse to believe what their eyes are telling them…
Indiana life sciences sector copes with shrinking VC pool
Venture funds nationwide crested at $100 billion in 2000, but that number last year had drooped to $18 billion.
SKARBECK: Changes on horizon for mutual fund fees
The U.S. Securities and Exchange Commission is proposing significant changes to the structure of the annual marketing or distribution fee on mutual funds known as a 12(b)-1 fee.
Secretary of state files complaint against teachers’ fund broker
David Karandos, a broker who advised the Indiana State Teachers Association Insurance Trust before it collapsed in 2009, is facing an administrative complaint from the Indiana Securities Division, which alleges 13 violations for unethical, dishonest and deceptive practices.
Recovery from Schrenker likely to be only 7 percent
A report by the receiver appointed to document Marcus Schrenker’s assets says he just doesn’t have enough money to repay investors more than that.
HAUKE: Lofty expectations sting some high-profile stocks
Sometimes the inner workings of Wall Street confound the wily and the wise.