Articles

New front opens in family battle over Mel Simon fortune

Bren Simon is pushing hard for a distribution from the estate now, citing as precedent an Indiana Court of Appeals ruling in another case that “as a matter of policy, beneficiaries should not be starved of distributions to which they are undisputably entitled.”

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City Securities paying $580,000 to settle SEC probe

The SEC said the Indianapolis investment firm and a southern Indiana school district made false statements to bond investors. The agency also said the head of City's municipal bond division, Randy Ruhl, provided improper gifts to bond issuers.

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String of EEOC complaints dogs WTHR

A case brought early this year by the executive assistant to WTHR-TV Channel 13’s former president was the seventh since 2005 by a woman alleging sex discrimination at the NBC affiliate

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Faithful are victims at both ends of church scam

Nearly a decade after the government took over an Indiana brokerage firm whose leaders scammed more than 10,000 devout investors out of millions of dollars, officials are still trying to get their money back without forcing congregations out of their houses of worship.

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Mighty Oxford Financial loses big case with client

An arbitrator ordered the Carmel financial-advisory firm to pay $2.2 million to Reid Hospital & Health Services of Richmond. The dispute involved a delay in executing trades in 2011 that the hospital alleged cost it $2.5 million.

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NCAA to stop putting name, logo on video game

The move comes as the NCAA fights a lawsuit that demands the NCAA find a way to cut players in on the billions of dollars earned from live broadcasts, memorabilia sales, video games and in other areas.

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Ex-prosecutor pleads guilty to bribery

A former Marion County deputy prosecutor formally pleaded guilty Tuesday to accepting a bribe. David Wyser has agreed to tell federal prosecutors everything he knows about public corruption in Indianapolis.

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Miami man pleads guilty to $90M Lilly drug heist

Thieves broke into the Connecticut warehouse of Indianapolis-based Eli Lilly and Co. in 2010 by scaling an exterior wall and cutting a hole in the roof. They lowered themselves to the floor and disabled alarms before using a forklift to load pallets of drugs into a getaway vehicle.

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Taxi cab drivers file suit against Town of Speedway

Speedway police improperly seized the licenses of as many as 80 cab drivers on the day of this year’s Indianapolis 500, and later charged them $50 each for their return, according to a federal lawsuit filed against the town.

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State sues S&P over flawed ratings of securities

Securities Commissioner Chris Naylor accuses S&P of “systematically and intentionally” misrepresenting its analysis of securities backed by commercial or residential mortgages in order to “maximize revenue and market share.”

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