Articles

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.

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Judge denies motion to dismiss school funding suit

Hamilton Southeastern Schools, Franklin Township Schools and Middlebury Community Schools say the school formula violates the state constitution's requirement for "general and uniform" public education funding because districts get different per-pupil amounts.

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Federal Home Loan Bank suing major players

The Federal Home Loan Bank of Indianapolis has filed suit against some of the nation’s largest financial institutions, including Bank of America, Wells Fargo and J.P. Morgan Chase, to recover losses on a $3 billion portfolio of mortgage-backed securities.

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Controversy engulfs Devington community group

Devington Community Development Corp. tried to tackle a host of neighborhood ills before closing its doors this month. But the agency also was embroiled in disputes with a local minister and its landlord.

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Court upholds Lilly patent on cancer drug Alimta

A U.S. District Court judge on Monday upheld Eli Lilly and Co.’s patent on the cancer drug Alimta, protecting the compound until July 2016. It was a welcome win after a difficult few months for Indianapolis-based Lilly, which is facing a wave of patent expirations in coming years.

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Mike’s Express Carwash sued in family feud

Mike’s Express Carwash and its principals, Bill and Mike Dahm, sons of founder Joe Dahm, are facing a lawsuit in Hamilton Superior Court brought by Jerry Dahm, a cousin who owned 35 percent of the company until May.

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Bank of America seeks to dismiss racketeering suit

Homeowners Dwayne Ransom Davis and Melisa Davis sued last month in Indianapolis, claiming Bank of America “routinely” submitted perjured affidavits to support foreclosures. They lost their Knightstown home last year.

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