Indiana News

Can Durham Investors Recover Money?

6/20/2012

Thousands of investors who claim they lost millions to Tim Durham and partners can still file civil suits to recoup their money.

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However, Indianapolis attorney Robert Hammerle says they won't likely see much return. Hammerle says the federal bankruptcy trustee has likely recovered most of Durham's assets. Yet Hammerle adds that the cost of recovery and the legal process alone mean investors would only see pennies on the dollar. Hammerle says the trustee has pursued firms and individuals who've gotten money or contributions from Durham.

He says they include Governor Mitch Daniels, attorney Carl Brizzi, businessmen and even law firms. Hammerle says redistribution back to investors is the goal, but recovered assets simply won't come close to matching intial investments.

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Judge Denies Motion for Dismissal in Durham Case (4-19-12)
Durham Attorney Downplaying New Charge (2-22-12)
Durham's Legal Team Wants Charges Dropped (1-6-12
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