Articles

ITT Tech nightmare escalates for Indianapolis credit union

The Eli Lilly Federal Credit lost a bundle on loans to ITT Technical Institute students a few years ago. Now the credit union, which adopted the Elements Financial moniker two years ago, may get hit with a lawsuit from the bankruptcy trustee for the now-defunct for-profit school operator.

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Preliminary OK given to $208.7M NCAA settlement

About 40,000 college football and basketball players won't have submit a claim form to receive a portion of the $208.7 million the Indianapolis-based NCAA will pay to settle a federal class-action lawsuit.

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Russian hackers to be charged in massive Yahoo breach

The Justice Department is preparing to announce charges against four defendants, including two Russian security services officers, in a data breach that affected at least a half-billion user accounts, according to a federal law enforcement official.

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Embattled businessman Eyler files for bankruptcy

The filing follows a wave of lawsuits filed against Gary Eyler in connection with the collapse of The College Network, a company he founded in 1995 that provided online test-prep materials for college entrance exams.

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Caterpillar offices raided by feds

The exact reason for the raid was unclear, but the manufacturer told the SEC in a filing last month that the IRS believes it owed $2 billion more in taxes for the years 2010 to 2012 due to profits from its Swiss unit.

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