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.
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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.
Indianapolis attorney named managing partner at Faegre Baker Daniels
Longtime Indianapolis attorney Tom Froehle will take over the positions March 1, succeeding Andrew Humphrey as chairman and managing partner of the international law firm, it announced Wednesday.
Froehle w
IU Research and Technology Corp. moves from canal to campus
A center that helps Indiana University researchers commercialize their discoveries has moved its operations to be closer to faculty, industry and research partners.
Hamilton County leaders moving forward with jail renovation
Earlier this year, the Hamilton County Commissioners put the project at the top of their priority list for capital expenses, but several members of the Hamilton County Council were hesitant to support a $12 million expansion.
Greenwood man charged in $2.7M fraud scheme involving local contractor
The former project manager for F.A. Wilhelm Construction Co. faces 20 years in prison for allegedly creating a fake business and billing his employer for materials, as well as making a false tax return.
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.
Tesla would scale back Indiana operations under a legislative proposal
A Tesla executive said a proposal to prohibit direct-to-consumer auto sales would, if passed, prompt the company to make a U-turn with respect to expanding operations in the state.
Local legal-tech firm secures $2.2 million for seed round
Doxly, a High Alpha Studio company, grabbed the cash in its first fundraising round and signed on the world’s largest law firm as a customer.
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.