Former Simon exec sentenced in mail fraud scheme
Carmel resident Mark Palombaro received a sentence of 18 months in a federal prison for perpetrating a construction kickback scheme in Pennsylvania that prosecutors say netted him $766,000.
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NCAA, ex-college players ordered to hold settlement talks
The National Collegiate Athletic Association and ex-college athletes have been ordered to hold settlement talks in an $800 million lawsuit claiming the Indianapolis-based NCAA illegally blocks student players from profiting from the use of their images.
Feds sue ITT Educational over loan practices
ITT Educational Services Inc. is being sued by the U.S. Consumer Financial Protection Bureau over allegations the for-profit college chain engaged in predatory lending by pushing students into loans likely to end in default.
BidPal battles ‘cybersquatter’ over online domains
The Indianapolis-based fundraising-software developer claims it is the victim of cybersquatting, according to a federal lawsuit it filed against InterMediaOne and InterMediaOne-AGM.
Governors: Buzz about legalizing pot just smoke in most states
Colorado’s governor is warning other state leaders against rushing to follow his lead to legalize recreational marijuana.
New BMV class-action suit alleges drivers overcharged
Plaintiffs in the class-action lawsuit could secure refunds for overcharges on vehicle registrations and other services if their suit succeeds. The suit follows on the heels of a similar legal battle fought last year.
Judge: NCAA must face trial on ex-player licensing revenue
Players seeking a share of $800 million a year in licensing fees for televised games received a sympathetic ear from a federal judge in California.
Twitter sued over James Dean-linked accounts
James Dean Inc., represented by Indianapolis-based CMG Worldwide, wants Twitter to shut down an unofficial account with more than 8,000 followers.
Biomet reaches $50M settlement in hip-replacement case
Indiana-based Biomet Inc. has agreed to pay a base rate of $200,000 each to hundreds of people who received artificial hips that were later replaced.
Testosterone-replacement rival of Lilly’s Axiron draws lawsuits
Abbott Laboratories and AbbVie Inc., the company it spun off last year, hid the dangers of using the testosterone replacement drug AndroGel, five men claim in lawsuits.
Jury acquits music venue manager in 2009 fire
A Brown County jury on Friday acquitted James Bowyer of Morgantown on all charges in his arson trial. He was accused of setting the fire that destroyed the Little Nashville Opry in September 2009.
Rival’s lawsuit could delay launch of new Lilly insulin
Paris-based Sanofi sued Eli Lilly and Co. on Thursday for patent infringement. That suit triggers an automatic 30-month delay on Lilly’s plans to launch a similar version of Sanofi’s once-a-day insulin Lantus.
Pain mounts for Telamon after reporting $5M theft
The Carmel company complains that its insurers “denied all coverage for the theft-fraud loss under both policies on the grounds that the individual leased to Telamon was an ‘employee’ of Telamon, and simultaneously was not an ‘employee’ of Telamon.”
Speedway stores cited for beer sales on Christmas
Indiana State Excise Police have cited 109 Speedway convenience stores in Indiana, accusing them of illegally selling beer on Christmas.
Indianapolis businessman indicted for health care fraud
Ronald Reed, the owner of Benchmark Mobility Corp., allegedly billed the Medicaid and Medicare programs for used wheelchairs, scooters and lift chairs as if they were brand new, obtaining nearly $443,000 in fraudulent sales.
Court bars Indianapolis’ hour limits on adult bookstores
The 7th Circuit Court of Appeals in Chicago has tossed an Indianapolis ordinance limiting the business hours of adult bookstores from 10 a.m. to midnight Monday through Saturday.
States investigating ITT, other for-profit education firms
For-profit education companies are facing public criticism and regulatory scrutiny over high drop-out rates, graduates' poor job prospects and the high debt levels of its students.
Bar Association stands against gay-marriage amendment
Backed by nearly three-fourths of its members, the Indianapolis Bar has taken the unusual step of announcing its opposition to the state constitutional amendment under debate at the Statehouse.
Workers not owed for changing time, Supreme Court rules
Companies in many cases don’t have to pay workers for the time they spend putting on and taking off safety gear, the U.S. Supreme Court ruled, siding with U.S. Steel Corp. in a lawsuit by 800 workers.
Biglari’s Steak n Shake licensing deal stirs up critics
Under the 20-year deal, Sardar Biglari won’t receive royalties if he remains atop the company. But if he were forced out of for anything but malfeasance, or if it were sold, he’d receive 2.5 percent of sales for five years—a sum that could surpass $100 million.