Financial firm with central Indiana ties faces FBI investigation, civil lawsuits
Capstone Capital Management LLC is also facing multiple civil suits filed by investors who say they were deceived by Capstone and lost money as a result.
Lawsuits
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IRS apology in Trump-related case reveals agency’s shoddy tax security
The IRS confirmed to The Washington Post that 80,000 people and businesses have been affected by the leak. IRS officials, pushed by a lawsuit filed by Citadel CEO Kenneth Griffin, apologized to him and the other taxpayers through a news release last week.
Developer sues Lebanon for tech park fallout, citing LEAP District as city’s priority for water use
South Carolina-based RealtyLink is suing Lebanon for more than $25 million, alleging the city withdrew incentives after the project was delayed by the city’s inability to service the park with water.
Federal ruling against Healthy Indiana Plan potentially jeopardizes program
Former Gov. Mitch Daniels first introduced the consumer-driven, cost-sharing approach in 2007 when the state expanded Medicaid to moderate-income workers. Gov. Mike Pence developed the program even further.
The Supreme Court rejects a nationwide opioid settlement with OxyContin maker Purdue Pharma
The decision also could affect other major bankruptcies, including the $2.4 billion bankruptcy plan for the Boy Scouts of America that has been approved by a federal judge, lawyers said.
What it means for the Supreme Court to block enforcement of the EPA’s ‘good neighbor’ pollution rule
Three energy-producing states—Ohio, Indiana and West Virginia—challenged the rule, along with the steel industry and other groups, calling it costly and ineffective.
The first legal objection to the $2.8B NCAA antitrust settlement plan comes from Houston Christian
The plan is intended to settle a host of federal antitrust claims and also clears the way for schools to share revenue with athletes, a dramatic step that all but ends the NCAA’s longstanding amateurism model.
Franciscan Alliance sued by Indy physician for breach of contract, interfering in practice
Dr. Greg Hardin, an orthopedic surgeon who specializes in sports medicine, claims that Franciscan Alliance engaged in conduct harmful to his practice over the course of several years.
Lilly files suit against more spas, weight-loss centers selling knockoff version of its popular drugs
The Indianapolis-based drugmaker said Thursday it was taking legal action against at least six additional medical spas and weight loss centers that it claimed are selling counterfeit and compounded versions of tirzepatide, the active ingredient in Lilly’s diabetes treatment Mounjaro and weight-loss treatment Zepbound.
Lilly and subsidiary Point Biopharma accused of patent infringement of cancer drugs
At issue is whether a drug developed by Point Biopharma, based in Indianapolis, infringed on a patent issued in 2020 and assigned to Purdue Research Foundation.
Porn sites file lawsuit to challenge new Indiana law requiring age verification
The Free Speech Coalition, which represents the adult entertainment industry, joined several porn website operators in filing the lawsuit in U.S. District Court in Indianapolis.
Attorneys advise clients to wait and see on FTC noncompete ban
The Federal Trade Commission’s near-total ban on noncompete agreements is scheduled to take effect in September, but two federal lawsuits challenging the ban’s validity threaten to put the agency’s new rules in legal limbo.
Tesla settles defect case involving fatal Indianapolis crash
Tesla is facing a string of lawsuits around the country that blame various defects for fatal or otherwise serious collisions.
Planned Parenthood to ask judge to expand health exception to Indiana abortion ban
The plaintiffs say the ban’s exceptions for protecting health are written so narrowly that in practice, many doctors won’t end a pregnancy even when a woman’s condition qualifies under the statute.
Proposed $2.77B settlement clears second step of NCAA approval process
The class-action lawsuit seeks back pay for college athletes who were denied name, image and likeness compensation dating to 2016.
Exonerated man sues Indianapolis police, alleges he was framed for murder
Leon Benson spent 25 years at the Correctional Industrial Facility in Pendleton for the 1998 murder of Kasey Schoen, but was exonerated last year.
Lilly settles with spa selling knockoff versions of its popular diabetes, weight-loss drugs
In a series of lawsuits Lilly filed in September and October in federal court, the drugmaker had accused Totality Medispa of trademark infringement, false advertising, unfair competition and unfair trade practices.
Content creators sue U.S. government over law that could ban TikTok
Attorneys for the creators argue in the lawsuit that the law violates users’ First Amendment rights to free speech, echoing arguments made by TikTok in a separate lawsuit filed by the company last week. The legal challenge could end up before the Supreme Court.
In suit co-led by Indiana, red states challenge Biden’s coal-plant pollution curbs
Indiana Attorney General Todd Rokita called the effort an overreach “that threatens the reliability of our power grid and will once again jack up utility costs for regular, everyday Hoosiers.”
Indiana professors sue after GOP legislators pass law regulating faculty tenure
The two professors, represented by the American Civil Liberties Union of Indiana, want portions of the law blocked before it takes effect July 1.