Articles

Court: Menard founder doesn’t owe ex-fiancee ownership share

The founder of the Menards building supply chain doesn't have to give his ex-fiancee ownership interest in the company, an appeals court ruled Tuesday. The ongoing legal dispute once entangled two prominent Indianapolis executives and a local private equity fund.

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New hope surfaces for victims of Durham’s Ponzi scheme

An appeals court ruling has cleared the way for Fair Finance Co.'s bankruptcy trustee to revive a lawsuit against one of the company's lenders,a Fortune 500 company with extensive resources. The trustee was able to extract a $35 million settlement from another one of the company's lenders.

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Wells Fargo fined $185 million for improper account openings

Regulators fined Wells Fargo a combined $185 million on Thursday, alleging the bank's employees illegally opened millions of unauthorized accounts for their customers in order to meet aggressive sales goals. More than 5,000 employees were fired in connection with the behavior.

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ITT Educational employees file lawsuit over sudden terminations

Two employees who were terminated Tuesday as part of mass layoff by ITT Educational Services have filed a lawsuit claiming the Carmel-based firm violated federal law by failing to provide 60-days notice. The suit seeks class-action status for as many as 8,000 employees.

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