Articles

Mighty Oxford Financial loses big case with client

An arbitrator ordered the Carmel financial-advisory firm to pay $2.2 million to Reid Hospital & Health Services of Richmond. The dispute involved a delay in executing trades in 2011 that the hospital alleged cost it $2.5 million.

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NCAA to stop putting name, logo on video game

The move comes as the NCAA fights a lawsuit that demands the NCAA find a way to cut players in on the billions of dollars earned from live broadcasts, memorabilia sales, video games and in other areas.

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IU to use Conour funds to help fraud victims

Indiana University plans to use $450,000 donated to its Indianapolis law school by former attorney William Conour to aid the clients defrauded of more than $4.5 million. Conour pleaded guilty to fraud charges Monday morning.

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Ex-prosecutor pleads guilty to bribery

A former Marion County deputy prosecutor formally pleaded guilty Tuesday to accepting a bribe. David Wyser has agreed to tell federal prosecutors everything he knows about public corruption in Indianapolis.

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Miami man pleads guilty to $90M Lilly drug heist

Thieves broke into the Connecticut warehouse of Indianapolis-based Eli Lilly and Co. in 2010 by scaling an exterior wall and cutting a hole in the roof. They lowered themselves to the floor and disabled alarms before using a forklift to load pallets of drugs into a getaway vehicle.

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Taxi cab drivers file suit against Town of Speedway

Speedway police improperly seized the licenses of as many as 80 cab drivers on the day of this year’s Indianapolis 500, and later charged them $50 each for their return, according to a federal lawsuit filed against the town.

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State sues S&P over flawed ratings of securities

Securities Commissioner Chris Naylor accuses S&P of “systematically and intentionally” misrepresenting its analysis of securities backed by commercial or residential mortgages in order to “maximize revenue and market share.”

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Mel Simon estate quietly showering charities with millions

The estate earmarked at least $1 million for nine recipients, from Butler University and the Indiana University Foundation to The Children’s Museum of Indianapolis, the United Way of Central Indiana, and the James Whitcomb Riley Memorial Association.

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Judge sends Conour to jail for bond violation

William Conour, the former high-profile personal-injury attorney accused of fraud, was led from federal court in handcuffs Thursday after a judge said Conour had misled the court and violated conditions of his bond.

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