Bankruptcy trustee appears poised to sue former ITT brass
Deborah Caruso has launched a no-holds-barred inquiry into the defunct company's business practices and is seeking documents and depositions from the accounting firms that audited its books.
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Carmel mayor pushes for statewide right-of-way change for roundabouts
A bill authored by Rep. Jerry Torr would give the right-of-way to large trucks in roundabouts throughout Indiana. Carmel has already passed a local version of the law.
Local IT staffing exec indicted in alleged bribery, kickback scheme
A Carmel man who leads a local IT consulting and staffing company has been charged with conspiracy to commit wire fraud and money laundering.
City, billboard company reach court agreement over digital signs
Billboard company GEFT Outdoor LLC and the city of Indianapolis have agreed to a court settlement that will allow the company to operate two local digital billboards while sparing the city any financial liability for a former sign ordinance that was found to be unconstitutional
Hustler Hollywood sues city over zoning roadblocks
Beverly Hills-based Hustler Hollywood says city officials are incorrectly classifying its planned Castleton store as an adult business, which is preventing it from opening its doors. It filed suit over the denial on Thursday.
Indianapolis doctor wins defamation judgment against CVS
An Indianapolis physician whose patients were told at multiple CVS Pharmacy stores that their prescriptions couldn’t be filled because the doctor had been arrested or was suspected of running a "pill mill" won a defamation judgment against the drugstore chain.
Former ITT students seek creditor status in school’s bankruptcy case
Five former ITT Educational students filed a motion asking that they—and thousands of other students who attended the school between 2006 and 2016—be recognized as creditors as the school’s bankruptcy case moves forward.
Two men charged with securities fraud for alleged Ponzi scheme
George R. McKown, 65, of Indianapolis and another man are accused of taking part in a Ponzi-like scheme that robbed numerous investors of their retirement savings.
Banks agree to pay $9 million to settle biased-lending claim
Indianapolis might stand to benefit from a U.S. Department of Justice settlement with two Cincinnati-based banks, which are accused of biased mortgage lending in four cities.
Last of five convicted in fatal house explosion receives sentence
More than four years after the massive house explosion that killed two neighbors and damaged dozens of homes, all five of the people involved in the crime have been sentenced to spend at least some time in prison.
Securities watchdog bans second broker in alleged Veros Ponzi scheme
FINRA permanently banned a former stockbroker from practicing in the securities industry after he refused to testify about an ongoing civil Ponzi scheme suit.
Defendant in American Senior Communities probe agrees to plead guilty
The move by Mainscape founder Dave Mazanowski, disclosed in a federal court filing, is potentially problematic for the four other executives charged this fall.
U.S. Supreme Court to hear appeal by Carmel firm over IP lawsuits
The U.S. Supreme Court agreed to consider putting sharp new limits on where patent-infringement lawsuits can be filed, accepting a case that may undercut patent owners’ ability to channel cases to favorable courts.
Anthem-Cigna merger goes to judge for ruling that could end deal
U.S. District Judge Amy Berman Jackson in Washington, D.C., will issue a decision on whether the combination of the companies risks higher costs for large employers around the country and should be blocked.
Court revives claims in concussion suit against NCAA, Notre Dame
A state appeals court has ruled that the widow of a former Notre Dame football player can proceed with claims in a lawsuit that said her husband was disabled by and ultimately died from concussion-related head injuries suffered during his college career.
NFL’s brain-damage deal survives as top court spurns appeals
U.S. Supreme Court justices, without comment, left intact a federal appeals court ruling that the agreement, while imperfect, was a fair resolution of claims filed on behalf of more than 20,000 retired NFL players.
UPDATE: Forest Alliance sues to stop Crown Hill cemetery project
The controversy over the U.S. Department of Veterans Affairs’ plans to develop a military cemetery on 15 wooded acres north of Crown Hill Cemetery has ended up in court.
High court sides with Samsung in patent dispute with Apple
A unanimous Supreme Court on Tuesday sided with smartphone maker Samsung in its high-profile patent dispute with Apple over the design of the iPhone.
Supreme Court upholds broad power to curb insider trading
The justices ruled Tuesday that sharing corporate secrets with friends or relatives is illegal even if the insider providing the tip doesn't receive anything of value in return.
2 Indiana men sentenced to prison for biodiesels fraud
Authorities say the men took part in fraud involving federal incentives to produce renewable fuels, specifically biodiesel.