Lawyers for the former CEO of Marsh Supermarkets on Thursday hammered home their claims his expenses were widely accepted in the company as normal business costs, while witness testimony revealed a corporate culture that passed the buck on evaluating those costs.
A local developer plans to build a 2.5-story retail and office building on a prominent vacant lot at the northeast corner of Meridian and Washington streets.
Lawyers for Don Marsh got their first chance to go on the offensive Wednesday after Marsh Supermarkets Inc. rested its case against the company’s former CEO.
The $30 million redevelopment of the former Bank One Operations Center at 451 E. Market St. now has a name: Artistry.
The former Marsh Supermarkets president told jurors: “Every time I used [the plane] I had a time constraint, and my time was valuable to the company.”
Any feelings of satisfaction that Sun Capital Partners executives had after completing the acquisition of Marsh Supermarkets Inc. quickly turned to “shock and surprise,” a managing director of the private-equity firm told jurors Tuesday.
Area home-building activity continues to improve as the number of single-family permits filed in January jumped 55 percent from the same period last year.
The Indiana Department of Revenue has revoked the Indianapolis firm’s retail merchant certificate, alleging it owes more than $43,000 in taxes.
A 41,000-square-foot LA Fitness could replace two vacant commercial buildings including the former home of Cinema Grill at the southeast corner of 86th Street and Ditch Road.
Two downtown apartment projects seek critical government approvals in the next month, while another commercial project is on track to start this year.
The Capital Improvement Board of Marion County has agreed to slash its sale price on downtown's Ober Building by $700,000 after inspections showed problems including a leaky roof and damaged HVAC system.
At least twice a month during the year 2000, the pilot told jurors, he ferried Don Marsh to New York City to visit one of his mistresses. Marsh Supermarkets is suing its former CEO in an attempt to recoup more than $3 million in what it claims are personal expenses.
St. Elmo Steakhouse owner Stephen Huse testified that directors had a hard time keeping Don Marsh focused on a potential sale of the company as it teetered toward insolvency.
The former executive of Marsh Supermarkets Inc. said he became so concerned about the company’s deteriorating finances less than a decade ago that he took the desperate step of meeting with bankruptcy lawyers.
Christine Nelson was held hostage by a man who was fatally shot as he tried to rob a northwest-side Kroger. She alleges that witnessing the incident caused her "extreme mental anguish and emotional distress."
The disclosure came during the fourth day of Don Marsh’s civil trial. The locally based supermarket chain is alleging he used company funds to pay more than $3 million in personal expenses.
Just Pop In! retail stores feature traditional, popular flavors like caramel and cheddar—and an “Indy Style” mixture of the two—but a dizzying array of more imaginative concoctions sets the local chain apart.
The Indianapolis-based real estate company disclosed the transactions in its fourth-quarter financial report. Kite said it lost $6.5 million in the quarter on nearly $27 million in revenue.
What’s extraordinary about the spending spree was that it continued even as Marsh Supermarkets' financial condition grew increasingly precarious.
Don Marsh’s testimony on cross-examination Thursday morning revealed a defense strategy to convince jurors that the frequent trips the former CEO took on the company’s dime were more for business than pleasure.
