James McNair

James McNair is a veteran investigative reporter who specializes in business and finance issues. McNair has spent 30 years in journalism, including 12 as a business writer at the Miami Herald, as well as stints at other newspapers in Florida, Ohio, Virginia and Tennessee. His reporting has unearthed fraudulent schemes and unethical business practices. He exposed standardized test result discrepancies at a high-profile Cincinnati high school and gave an in-depth look at the aggressive investment practices of the Kentucky Retirement Systems. He also spent seven years as an independent researcher for a hedge fund.


The Kickback, Fraud and Drug-Switch Claims That Ail a Louisville Pharmacy Company

May 21, 2015

PharMerica has no retail stores, but is the second-biggest operator of nursing home pharmacies in the country. Read Story

Did Kentucky Congressman Give an Assist to Wife, Failing Tech Company?

May 19, 2015

When a former chairman of the Joint Chiefs of Staff, a former World Bank president and a former assistant secretary of the interior are appointed to a company’s board of directors on the same day, people who invest in the stock market tend to notice. Read Story

university of louisville

University of Louisville Committee Approves Contract for Auditing Firm

May 14, 2015

The University of Louisville Board of Trustees’ Audit Committee has approved giving a Louisville auditing firm a $65,000 contract to see through changes to tighten the university’s financial controls and make it less prone to fraud. Read Story


Ruling Paves Way for Louisville Mobile Home Wrongful Eviction Suit

May 6, 2015

A Jefferson County judge last week refused to throw out a lawsuit alleging that the corporate owner of 17 Kentucky mobile home parks illegally evicted residents, forcing them to abandon trailers that they owned. Read Story

Manager of Funds Tied to Kentucky Pension System Investments Pleads Guilty

March 19, 2015

The former manager of a New York investment fund holding $24 million for Kentucky Retirement Systems has pleaded guilty to charges that he looted $9.3 million from the fund and falsified its financial records. Read Story


University of Louisville’s Major Gift from Pizza CEO, Koch Comes With Caveat

March 18, 2015

A week after announcing the receipt of $6.3 million from the foundations of businessmen “Papa” John Schnatter and Charles Koch, the University of Louisville has released the underlying seven-year agreements. Read Story


Kentucky Joins Healthcare Fraud Lawsuit Against Cincinnati’s Omnicare Inc.

March 17, 2015

Kentucky has joined a multi-state and federal fraud lawsuit against Cincinnati-based Omnicare Inc., alleging that the company billed the state’s Medicaid program almost $6 billion over nine years for drugs that were given to nursing home patients for uses not approved by the Food and Drug Administration. Read Story

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Louisville Pharmacy Company Settling Two Major Government Fraud Cases

March 13, 2015

PharMerica Corp., the nation’s second-largest operator of institutional pharmacies, has agreed to settle two federal healthcare fraud lawsuits, one of which accuses the Louisville-based company of taking kickbacks to help expand the misuse of an anti-seizure drug in nursing homes during an 11-year period. Read Story

university of louisville

University of Louisville Releases Details on Major Gift From Papa John’s CEO, Koch Foundation

March 10, 2015

John Schnatter’s long-running, multi-generational ties to the University of Louisville just grew $4.64 million deeper. Read Story

university of louisville

University of Louisville Set to Announce Gift for Creation of Free-Markets Program

March 9, 2015

The University of Louisville is announcing Tuesday what Louisville Business First reports will be the acceptance of a $6.3 million grant from Papa John’s International founder John Schnatter and major Republican donor Charles Koch for the creation of a free-markets program. Read Story


What Does it Take to Legalize Casinos in Kentucky?

March 6, 2015

Somehow, the “purely by chance” doctrine was applied to card games as well as the play-and-pray games of slot machines, roulette and dice Read Story


How Kentucky Money Fuels Cross-Border Casinos (and Other State Budgets)

March 6, 2015

Many Kentuckians, of course, want the state to remain casino-free, and politicians have debated the legalization of casinos, in one form or another, for more than 20 years. But while Kentucky has hemmed and hawed, the three states on its northern border -- Illinois, Indiana and Ohio -- have gone all in. Read Story


Kentucky Community College Faculty, Staff Ask President Emeritus to Decline Pay

February 13, 2015

Upset that retired Kentucky Community and Technical College System President Michael McCall is taking a $324,000 consulting fee when the system has been running in the red, its professors and staff members are asking him to decline the money. Read Story


A Deeper Look at the Lobbying Over Kentucky Beer Distribution

February 3, 2015

Although the battle over how beer gets to consumers will be openly fought in the Kentucky General Assembly this month, the campaign to win the votes of lawmakers actually began in 2014. Read Story