Tim Durham, Fair’s co-owner and CEO, burned through staggering sums on a lavish lifestyle, loans and gifts to friends,
and loans to businesses he partly owned that performed dismally.
A former money manager convicted of trying to fake his own death in a Florida plane crash last year has agreed to plead guilty
to securities fraud charges in Indiana. Marcus Schrenker would face 10 years in prison.
Judge Sara Lioi ruled the right of access to search warrant records connected with an ongoing investigation is “not
absolute” and not justified in this case.
Hamilton County Judge William J. Hughes said it's clear that all the parties involved in a series of
disputes surrounding
late mall billionaire Melvin Simon's estate need to "sit across the table from each other and try to work things
out."
Roche Diagnostics, a Swiss company that keeps its U.S. headquarters in Indianapolis, has been sued for marking its Accu-Chek
blood glucose monitors and accessories with patents that are expired. Illinois resident David O’Neill has sued on behalf
of the U.S. government to recover damages of $500 per infraction.
The suit against SC Bodner Co. says 16 Bodner properties in eight states violate the Fair Housing Act.
The firm–the product of a merger between a local firm and a Cleveland firm–is bolstering its business reorganization practice.
Eli Lilly and Co.’s loss of a patent on one of its blockbuster drugs in court late last month received a collective yawn
from
investors, who have shunned the stock because of five looming patent expirations.
Trustee Brian Bash has sent letters to politicians who he says received a total of $900,000 in funds Durham had borrowed
from the coffers of Fair Finance, a now-bankrupt investment firm based in Ohio.
The bankruptcy trustee said Durham spent $2.8 million on gambling and resorts, $3.3 million on interior decorating and $14
million on real estate.
Nate Feltman, former state secretary of commerce, has left his partnership position at Baker & Daniels LLP to become president
of Home Health Depot LLP, a
growing home-medical-equipment supplier.
Indiana State Police report ticketing only one driver for violating the cell phone ban, and a state agency that tracks infractions
for 160 police departments could find just two other citations.
One of the finalists, Marion Superior Court Judge Robyn Moberly, would be the first woman on the state’s highest court
since 1999.
A Hamilton County judge has ordered a halt to distributions from the estate of the late Melvin Simon to his widow Bren or
any other beneficiary without the court's approval.
Lawyers for Bren Simon’s stepchildren contend she’s incapable of serving as trustee of her late husband’s estate and should
be removed. A Hamilton Superior Court judge took the matter under advisement and will rule at a later date.
A Houston minister accused of using money borrowed to build a new church to buy a mink coat and a Mercedes Benz missed his
initial hearing in Indianapolis on Tuesday.
Charity event scheduled for July 31 is postponed again as complaints against New Century Publishing mount.
Shareholders sued to temporarily block the sale of the public company, which is set to be acquired by JS Acquisition LLC,
a private
company formed by Emmis Chairman and CEO Jeffrey H. Smulyan.
Hamilton County Judge Steve Nation ruled Friday that the heirs of former Conseco Inc. executive Lawrence Inlow failed to justify
their attempt to remove Cincinnati-based Fifth Third Bank as the fiduciary of his estate.
The federal government is asking questions about how the Indiana Family and Social Services Administration handles office
leasing after an IBJ investigation raised questions about potential conflicts of interest.
