Broadband provider sends troubling financial signals
Omnicity Corp. is a half-year behind in payments to a Muncie lender and faces several lawsuits over unpaid bills from companies it acquired.
Law
Articles
Daniels appoints new judges in two counties
Gov. Mitch Daniels has appointed new judges in Boone and Shelby counties.
Conseco brass agree to settle 8-year-old suit for $41.5M
The suit accused CEO Gary Wendt, President Bill Shea, Chief Financial Officer Charles Chokel and Chief Accounting Officer Jim Adams of engaging in a “massive and systematic coverup of … actual debts and losses through complex accounting, misleading disclosures, and irregular accounting practices.”
Emmis pitching in on breach-of-contract lawsuit
Emmis Communications Corp. will contribute $200,000 toward legal fees in a lawsuit that company founder Jeff Smulyan’s JS Acquisition LLC filed over its failed effort to take the Indianapolis-based media company private.
Insurer for Durham firm to settle suits for $5.5M
The agreement allows embattled financier Tim Durham to remain on the board of CLST Holdings, but mandates he step down as chairman and not vote on any matter unless doing so would make the board unanimous.
FBI investigating Durham firms for phone cramming
The FBI is asking land-line phone customers across the country to check their bills for phantom charges from more than 20 companies controlled by or connected to embattled financier Tim Durham.
Judge removes Bren Simon as trustee over late husband’s estate
A series of questionable decisions by Bren Simon in recent months appear to have paved the way for a Hamilton County judge’s order this week removing Bren as interim trustee over Simon Property Group co-founder Melvin Simon’s estate.
Daniels endorses findings of criminal code review
Sweeping changes proposed for Indiana’s criminal sentencing system won the endorsement Wednesday of Gov. Mitch Daniels, who said that if lawmakers enact the changes they would hold down the state’s ballooning prison population and save taxpayer money.
FEIGENBAUM: ‘There is no money’ takes on new meaning
Tight tax revenue will force hard choices on the General Assembly.
Court sides with FedEx in dispute with drivers
FedEx, which has a distribution hub in Indianapolis, has long asserted that its drivers should be classified as independent contractors.
Hillenbrand wins ban of knockoff coffins from Mexico
The U.S. International Trade Commission said Monday that Ataudes Aguilares will be barred from bringing in caskets with attached memorabilia compartments, which Batesville-based Hillenbrand has patented.
Former Allison executive alleges bribery
Stephen Lowe, a former Allison Transmission managing director based in Shanghai, claims the company booted him from a top post in China because he raised concerns about bribery.
Whistleblower suit cites Rolls-Royce engine flaws
Rolls-Royce Corp. concealed repeated defects at an aircraft engine plant in Indianapolis and fired a safety official for reporting the problems, according to a lawsuit filed in federal court.
Cosmopolitan apartment fire prompts lawsuit
The insurer for Indiana Landmarks is suing developer Flaherty & Collins, claiming negligence in a blaze that partially destroyed the apartment project and damaged the not-for-profit’s adjacent headquarters.
Indiana church financier gets 54 years for Ponzi scheme
A judge sentenced 66-year-old Vaughn Reeves to 54 years in prison during a court hearing Tuesday in Sullivan. A jury convicted him in October on nine counts of securities fraud.
Nursing home firm to pay $376K in Medicaid case
Indiana Attorney General Greg Zoeller says a nursing home company will pay $376,000 to the state and federal governments over accusations that it submitted ineligible bills to Medicaid.
Tabbert Hahn lawyers joining Bose McKinney
Bose McKinney will take nine lawyers, including name partners Gregory Hahn and Robert Weddle, from smaller law firm that will dissolve near the end of the year.
Republic sues website operator over airline gift cards
Indianapolis-based Republic Airways Holdings Inc. and its Frontier Airlines unit filed a trademark-infringement case against the operator of a website offering gift cards as consumer incentives.
Judge OKs plan to distribute Schrenker’s assets
A judge on Friday approved a plan under which investors who lost millions in Marcus Schrenker’s financial schemes will get back seven cents on the dollar.
Simon Property offers to settle dispute over widow’s stake
Simon Property Group Inc. has offered to settle a lawsuit with Bren Simon by cashing out 6.5 million partnership units her late husband Melvin held in the giant shopping mall developer.