An Indiana judge has delayed until March the trial on securities fraud charges of a former money manager who tried to fake
his own death by jumping from a small plane before it crashed in Florida.
An administrative complaint filed today by the Indiana Secretary of State’s Office alleges Stifel Nicolaus failed to disclose
risks associated with the sale of auction-rate securities to 141 Hoosiers who invested $54.9 million.
Charter Homes owner Jerry J. Jaquess has been sentenced to two-and-a-half years in prison and ordered to pay restitution of
$825,000 for his role in a $20 million mortgage fraud scheme.
A London-based hedge fund has sued Brightpoint Inc. over a $10 million loan it alleges the Indianapolis-based cell phone distributor
fraudulently brokered in anticipation of an acquisition in France that never materialized.
A man admits embezzling about $4.2 million in perpetual-care trust funds from a Michigan cemetery operated by his Indianapolis-based
company.
Bren Simon likely will inherit at least one-third of her billionaire husband’s fortune and potentially much more,
wealth managers speculate, based on the legal and tax issues involved in such a large estate.
A decision by a federal judge in Indianapolis to turn back a patent challenge to Eli Lilly and Co.’s Evista marks a major
victory for the company, says an analyst who closely follows the pharmaceutical industry.
Carmel businessman Dan Laikin pleaded guilty this afternoon to participating in a fraudulent scheme to pump up the stock price
of National Lampoon Inc., the Los Angeles-based entertainment company he led.
Locally based Broadbent Co., one of the city’s biggest retail developers, has sued two of its banks, charging they’re
wrongly attempting to restrict its access to a $50 million credit line.
Jailed former money manager Marcus Schrenker has been appointed a public defender after telling an Indiana magistrate he has
no home and that the government has frozen all his assets.
An money manager who tried to fake his own death in a Florida plane crash will make a video appearance in court to face Indiana
felony charges stemming from his financial dealings.
An Indiana Court of Appeals ruling favoring an obese employee is likely to make employers think twice about hiring
overweight people.
The Indiana Supreme Court will decide whether engineering subcontractors should be held liable for millions of dollars in
cost overruns in a recent renovation of Indianapolis’ central public library.
An Indiana judge today declined to reduce the $1.5 million cash bonds for a former pastor and his sons charged with bilking
church members nationwide out of millions of dollars.
Merger talks that began last year between local legal heavyweight Ice Miller LLP and a Louisville-based law firm reportedly
have broken down, putting an end to a deal that was expected to close by the end of the year.
Authorities say socialite Dina Wein Reis’ success was the result of an elaborate scam in which she tricked large corporations—including
Indianapolis-based Roche Diagnostics Corp.—into selling her millions of dollars worth of goods at a fraction of the
regular price for use in nonexistent promotions. She then resold the products at a hefty profit.
Indiana officials are asking the U.S. Supreme Court to reconsider hearing their objections to the Chrysler bankruptcy proceedings
that resulted in its takeover by Italian automaker Fiat.
Forty-three former employees of Navistar Inc.’s shuttered diesel engine plant have sued the company, claiming it
breached their collective bargaining agreement by moving plant work in recent years to non-union facilities.
A co-founder of Hall Render Killian Heath & Lyman PC is returning to the downtown law firm more than a decade after
he left it. Rex Killian will lead the firm’s governance consulting practice, which serves both not-for-profit
and for-profit health care clients.
Lauth Group Inc. in recent weeks has won critical courtroom victories that likely will allow company principals
to retain control of three subsidiaries in Chapter 11 bankruptcy.
