Two men charged with securities fraud for alleged Ponzi scheme
George R. McKown, 65, of Indianapolis and another man are accused of taking part in a Ponzi-like scheme that robbed numerous investors of their retirement savings.
Law
Articles
Banks agree to pay $9 million to settle biased-lending claim
Indianapolis might stand to benefit from a U.S. Department of Justice settlement with two Cincinnati-based banks, which are accused of biased mortgage lending in four cities.
Last of five convicted in fatal house explosion receives sentence
More than four years after the massive house explosion that killed two neighbors and damaged dozens of homes, all five of the people involved in the crime have been sentenced to spend at least some time in prison.
Indianapolis eyes changing treatment of mentally ill inmates
Mental health advocates say decades of mental institution closures have turned the nation's jails into de facto mental health facilities and placed extra burdens on staff often ill-prepared to deal with those inmates' needs.
Securities watchdog bans second broker in alleged Veros Ponzi scheme
FINRA permanently banned a former stockbroker from practicing in the securities industry after he refused to testify about an ongoing civil Ponzi scheme suit.
Feds bring charges in alleged fraud scheme that stung CNO Financial
Prosecutors accused Platinum Partners of carrying out a $1 billion fraud that included setting up an affiliate to bamboozle institutional investors—including CNO Financial Group—into investing in the teetering hedge fund.
Outgoing attorney general looks forward to working in private sector, legal ed
Greg Zoeller hopes to continue to assist in legal education programs and is looking for a central home for all of the ideas and projects he hopes to implement once he leaves the Statehouse.
Indianapolis Airport Authority selects new attorney
Brian Tuohy will be the authority’s new independent board counsel, replacing Rex Joseph, who served in the role for 29 years.
Lawsuit throws spotlight on chaos surrounding Anderson cardiology practice
The “toxic” office environment at a small St. Vincent Health office had broken out during an unprecedented wave of acquisitions of physician practices in central Indiana.
Defendant in American Senior Communities probe agrees to plead guilty
The move by Mainscape founder Dave Mazanowski, disclosed in a federal court filing, is potentially problematic for the four other executives charged this fall.
U.S. Supreme Court to hear appeal by Carmel firm over IP lawsuits
The U.S. Supreme Court agreed to consider putting sharp new limits on where patent-infringement lawsuits can be filed, accepting a case that may undercut patent owners’ ability to channel cases to favorable courts.
Anthem-Cigna merger goes to judge for ruling that could end deal
U.S. District Judge Amy Berman Jackson in Washington, D.C., will issue a decision on whether the combination of the companies risks higher costs for large employers around the country and should be blocked.
Court revives claims in concussion suit against NCAA, Notre Dame
A state appeals court has ruled that the widow of a former Notre Dame football player can proceed with claims in a lawsuit that said her husband was disabled by and ultimately died from concussion-related head injuries suffered during his college career.
NFL’s brain-damage deal survives as top court spurns appeals
U.S. Supreme Court justices, without comment, left intact a federal appeals court ruling that the agreement, while imperfect, was a fair resolution of claims filed on behalf of more than 20,000 retired NFL players.
UPDATE: Forest Alliance sues to stop Crown Hill cemetery project
The controversy over the U.S. Department of Veterans Affairs’ plans to develop a military cemetery on 15 wooded acres north of Crown Hill Cemetery has ended up in court.
High court sides with Samsung in patent dispute with Apple
A unanimous Supreme Court on Tuesday sided with smartphone maker Samsung in its high-profile patent dispute with Apple over the design of the iPhone.
Supreme Court upholds broad power to curb insider trading
The justices ruled Tuesday that sharing corporate secrets with friends or relatives is illegal even if the insider providing the tip doesn't receive anything of value in return.
Purdue University employees in flux amid overtime suspension
Purdue University will hold off on raising employees' salaries and changing job classifications in the wake of a last-minute suspension on a federal rule that would have expanded the pool of workers eligible for overtime pay.
2 Indiana men sentenced to prison for biodiesels fraud
Authorities say the men took part in fraud involving federal incentives to produce renewable fuels, specifically biodiesel.
Former CIB chiefs try to avoid entanglement in legal fight involving Pacers
Three former presidents of the city’s Capital Improvement Board—Pat Early, Bob Grand and Ann Lathrop—are fighting an effort by attorneys for the IRS to depose them about what they learned about the Indiana Pacers' finances during discussions with the team.