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.
A federal judge this morning sentenced a former Indianapolis business owner to 18 months in prison after he pleaded guilty
to bank fraud in May.
The Indiana state teachers union’s insurance fund has filed a lawsuit alleging former officials, financial advisers and consultants
mismanaged a long-term disability insurance trust.
A group of former franchisees of Noble Roman’s Inc. has hired a new attorney to represent them in a case against
the chain after a Hamilton County judge tossed their old lawyer.
The Securities and Exchange Commission said today that it has settled insider-trading charges against three local residents
who bought shares in First Indiana Corp. immediately before the July 9, 2007, announcement that it was being acquired by a
Milwaukee bank for a 42-percent premium.
Marion County prosecutors this morning began making their case that Christopher P. White knowingly wrote a bad check for $500,000
last year in a desperate attempt to save his Indianapolis-based development firm, Premier Properties USA Inc.
A former chief financial officer for The Dodson Group has agreed to plead guilty to wire fraud after admitting to stealing
$422,539 from the Indianapolis-based firm.
A Marion County jury this evening found Christopher P. White guilty of three Class C felonies related to a $500,000 bad check
he wrote last year in a last-ditch attempt to save his locally based development firm, Premier Properties USA Inc.
Indiana money manager Marcus Schrenker was sentenced to 51 months in federal prison today in Florida on charges that he deliberately
crashed his plane to fake his own death and flee financial ruin, according to the Pensacola News Journal.
At first, small-business owner Jim Dodson figured the problem must be a technical glitch. During a routine analysis of
aging unpaid invoices last September, one of his employees couldn’t tie the latest figures to the company’s ledger.
Accounts receivable for his company,
the Dodson Group, had been overstated by $2.7 million—double their true value. And $422,539 was missing from the firm’s
coffers.
The Indianapolis money manager who crashed his plane and parachuted to safety in an elaborate scheme
to fake his death and flee financial ruin, has been sentenced to more than four years in federal prison.
An Indiana money manager scheduled to be sentenced today in Florida on charges he deliberately crashed his plane to fake his
death and flee financial ruin now faces more charges in his home state.
The Penrod Society has filed a lawsuit against former treasurer Brandon Benker, seeking to recover more than $380,000 it alleges
he embezzled last year.
The Penrod Society has filed a lawsuit against former treasurer Brandon Benker, seeking to recover
more than $380,000 it alleges he embezzled last year.
A cemetery owner set to go on trial Monday has agreed to plead guilty to theft and securities fraud.
Indiana-based Franklin College and Ohio-based Franklin University resolved their legal case last night, with Franklin University
agreeing to take specific steps in its advertisements to distinguish itself from Franklin College.
Developer Lauth Group Inc. is sparing no expense on attorneys in the Chapter 11 reorganization of key subsidiaries. The company has hired two of the nation’s most prominent bankruptcy and restructuring specialists to handle the cases, and the bill for the first month easily will exceed $1 million.
