Indianapolis businessman Tim Durham has treated Ohio-based Fair Finance Co. almost like a personal bank since buying it seven
years ago, and now he, his partners and related firms owe it more than $168 million, records show.
Eli Lilly and Co. has agreed to settle the State of South Carolina’s lawsuit that claimed Lilly improperly marketed the antipsychotic
drug Zyprexa, according to Bloomberg News.
The insider-trading settlements announced by the Securities and Exchange Commission this week were an outgrowth of a broader
inquiry into trading in First Indiana Corp. by dozens of people before its sale two years ago, according to a former director
of the bank.
The Securities and Exchange Commission said today that it has settled insider-trading charges against three local residents
who bought shares in First Indiana Corp. immediately before the July 9, 2007, announcement that it was being acquired by a
Milwaukee bank for a 42-percent premium.
The Hoosier Lottery has agreed to pay $2.75 million to settle a lawsuit filed by eight black former employees who claim racial
discrimination motivated their firing four years ago.
Attorneys for concrete purchasers who say they were victims of a price-fixing scheme have waged a tenacious legal battle over
the last four years, and .now
they’re ready to cash in.
