Victims to collect money soon in Veros case
The court-appointed receiver in an alleged $8.6 million Ponzi scheme perpetrated by Indianapolis-based Veros Partners Inc. is preparing to make his first distribution to affected investors.
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Feds snag Mainscape owner in American Senior Communities probe
The U.S. Attorney’s Office in Indianapolis filed a felony count against Mainscape CEO Dave Mazanowski on Wednesday alleging he was a willing participant in a fraud and kickback scheme orchestrated by former American Senior Communities CEO James Burkhart.
UPDATED: Feds say ASC’s CEO, 3 others used kickbacks, shell firms to pull off massive fraud
An indictment unsealed Wednesday alleges former American Senior Communities CEO James Burkhart orchestrated a massive scheme that defrauded the nursing home company, its owner and federal health care programs out of more than $16 million.
Court vacates sexual-orientation bias ruling; to rehear case
A federal appeals court Tuesday vacated a decision by three of its own judges who recently ruled in an Indiana case that existing federal workplace-discrimination law does not cover sexual-orientation bias.
Interactive investor files class-action suit against $1.4B sale
In a federal lawsuit, a Maryland-based shareholder claims the $60.50 per-share offer for Interactive Intelligence by Genesys Telecommunications Laboratories undervalued the local software firm.
Indiana Supreme Court won’t take case over medical bills
The high court’s ruling leaves in place a trial court and state appeals court decision that ruled an Indiana hospital will have to release information about how it charges and offers discounts to insured patients.
Mother of injured student sues over Westfield stage collapse
The complaint alleges the Westfield Washington School Corp. did not properly supervise the employee who constructed the stage, leading to a student’s injuries.
Indiana State Police expand vote fraud probe to 57 counties
State police are recommending all Indiana voters check the accuracy of their voter information, especially those voters living in the counties under investigation. State police say they don’t know how many voters may be affected.
Federal judge dismisses class-action lawsuit against Carmel
The lawsuit was brought by 18 plaintiffs who had been cited under Carmel’s local traffic ordinance, which was deemed invalid by the Indiana Court of Appeals.
Justices seem wary of limiting insider trading prosecutions
The Supreme Court on Wednesday seemed likely to preserve the government's broad power to crack down on insider trading on Wall Street.
NCAA facing 43 concussion lawsuits after latest filings
The players are seeking damages for injuries they claim are the result of mishandled concussions they suffered while playing college football.
Former employee files sexual harassment suit against Emmis
The plaintiff, a former digital content manager at WFNI-AM 1070 “The Fan,” said Emmis didn’t do enough to respond to her complaints after she alleged two of the station’s producers were harassing her.
Federal appeals court rejects Pence in Syrian refugee case
The 7th Circuit Court of Appeals called Gov. Mike Pence’s objection to the resettlement of Syrian refugees in Indiana because they may pose a terrorism threat “nightmare speculation.”
Supreme Court spurns NCAA appeal of O’Bannon case
The U.S. Supreme Court leaves in place lower court rulings that found amateurism rules for big-time college basketball and football players violated federal antitrust law.
St. Vincent loses court battle over $15 million hospital loan
The case centered on an 80-year-old dilapidated hospital in eastern Indiana that St. Vincent bought in 2000. St. Vincent replaced it with a new hospital, called St. Vincent Randolph, at a cost of about $15.5 million.
Indianapolis man sues Chipotle, others over sign collapse
The plaintiff says he suffered a concussion at a north-side Chipotle restaurant in April when a brick sign crumbled in high winds and totaled his car.
UPDATE: CNO ends deal with Platinum-tied insurer, to take $55M loss
CNO Financial Group Inc. said it ended a risk-transfer deal with a reinsurer tied to embattled hedge fund Platinum Partners and has filed suit against executives of Beechwood Re. CNO shares tumbled after the news.
Risk-averse CNO caught up in hedge fund nightmare
A deal struck two years ago aimed at offloading the risks associated with a big block of long-term care insurance has come back to haunt the Carmel-based company in a big way.
Monarch affiliate gets OK to sell liquor after judge denies stay
The Indiana Alcohol and Tobacco Commission has granted Spirited Sales a temporary permit to sell wholesale liquor after a Marion County special judge denied the state’s request for a stay on her August ruling for the company.
Attorneys differ by more than $100M in latest BMV lawsuit
Attorney Irwin Levin of Indianapolis law firm Cohen & Malad LLP argued during a one-day bench trial Wednesday that the BMV should refund a total of $144 million in overcharges going back 10 years, plus interest.