Judge: Bren Simon can take some distributions from estate
A Hamilton County judge will allow Bren Simon to take about $3.3 million per year of the estimated $43 million in annual dividend and interest income from her late husband's estate.
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Articles
Appeals court rejects Lilly over Gemzar patent
Without an appeal, generic drugs are now poised to wipe away most of Lilly’s $750 million in annual U.S. revenue from Gemzar.
State sues WellPoint over data breach
The lawsuit filed Friday in Marion County accuses Indianapolis-based WellPoint of violating a state law that requires businesses to provide notification of data breaches in a timely manner.
Workplace safety rules a part of ND death probe
State regulators are investigating whether the University of Notre Dame violated safety rules when it allowed a student to videotape football practice from a tall hydraulic lift that toppled in high winds, killing the young man.
Don Marsh, grocery chain he led no closer to making peace
Time has done nothing to settle a dispute between the former executive and the private equity firm that bought his family’s business. They are gearing up for an October 2011 trial.
Secretary of state files complaint against teachers’ fund broker
David Karandos, a broker who advised the Indiana State Teachers Association Insurance Trust before it collapsed in 2009, is facing an administrative complaint from the Indiana Securities Division, which alleges 13 violations for unethical, dishonest and deceptive practices.
Former iSalus CEO sues tech firm for breach of contract
Mark A. Day is suing Indianapolis-based technology firm iSalus Healthcare, claiming he was dismissed without cause and is entitled to severance pay and benefits.
U.S. attorney to ask for review of IURC ethics dispute
U.S. Attorney Joe Hogsett says he'll ask "the appropriate federal agency" to review an ethics dispute that has embroiled the Indiana Utility Regulatory Commission and Duke Energy Corp.
American Commercial Lines sued over $777M buyout bid
Officials of Jeffersonville-based American Commercial and private-equity firm Platinum Equity LLC structured the $33-a-share offer in a way that unfairly bars other bids for the shipping company, American Commercial shareholder Leonard Becker said in his lawsuit.
Grand jury indicts OmniSource for racketeering
A Marion County grand jury has returned an eight-count indictment against OmniSource Corp., accusing the metal recycling powerhouse of racketeering and receiving stolen property. Company president Mark Millett called the allegations "unfounded."
Defunct ATA Airlines awarded $66M in FedEx lawsuit
An Indianapolis jury has returned a $65.9 million verdict against Memphis-based FedEx in a breach-of-contract lawsuit brought in 2008 by now-defunct ATA Airlines.
N.Y. attorney general sues FedEx over driver status
The Memphis, Tenn.-based company, which has a distribution hub in Indianapolis, says its contract-driver model is legal and was approved for tax purposes by the U.S. Internal Revenue Service in 1994.
Female engineers appeal discrimination ruling
Two female engineers who pursued a gender-discrimination case against Rolls-Royce Corp. for the past four years intend to appeal a judge's decision in the company's favor.
Indiana church financier convicted of Ponzi scheme
Jurors deliberated about four hours before convicting Vaughn Reeves, 66, on nine counts of securities fraud.
Developer tied to Ponzi slides into bankruptcy
Sydney "Jack" Williams earned commissions by persuading dozens of investors, many with Indiana ties, to lend millions of dollars to a business that turned out to be fake.
Firm that ignored lawsuit now paying a hefty price
Tax-resolution firm JK Harris did not defend itself against a lawsuit and got pummeled as a result. Now, it’s brought in an attorney who’s trying to undo the mess.
Indiana agency paying law firm $5.25M to sue IBM
Barnes & Thornburg of Indianapolis was hired despite several conflicts of interest arising from the fact that it also represents former IBM partners involved in the welfare deal.
Indiana couple accuses Bank of America of racketeering
Dwayne Ransom Davis and Melisa Davis accuse the lender of using “robo-signers,” people who sign affidavits attesting to facts underlying foreclosures without actual knowledge of those facts, to push through paperwork to take their home in Knightstown.
Court limits lawyers soliciting accident victims
The new rule prevents attorneys from soliciting clients in personal injury or wrongful death cases within 30 days of an accident or disaster.
U.S. court voids NCAA ruling, seeks help on state law
A three-judge panel of the Chicago-based appeals court Monday reversed its own July ruling that said the NCAA must face a lawsuit by consumers claiming its ticket-distribution method violates Indiana law.