Law

Bank files to foreclose on Garcia Construction property

March 27, 2014
Scott Olson
Fifth Third Bank claims that the company operated by Charles Garcia, a former Indianapolis Chamber of Commerce chairman, owes it about $2.3 million for loans on Garcia Construction's building at 6002 N. Michigan Road, and on personal property.
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Purdue loses appeal to shield discrimination report

March 24, 2014
Dave Stafford
An appellate panel had harsh words for Purdue University’s conduct in shielding a report investigating a former chancellor’s complaint of gender discrimination and harassment against former university president France Cordova.
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Irsay arrest spurs talk of Colts succession planRestricted Content

March 22, 2014
Anthony Schoettle
Indianapolis Colts owner Jim Irsay gave a clear signal in 2012 about his long-term succession plan by naming his three daughters vice chairwomen and co-owners. His March 16 arrest might hasten the launch of that plan, or at the very least give Colts fans a glimpse of what it will look like.
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Judge to Ballard rep: We decide where courts go

March 21, 2014
Indiana Lawyer Staff, Dave Stafford
Marion Superior judges on Friday gave a grudging endorsement to the former General Motors stamping plant site as the location for a proposed criminal justice complex, but not before sending a message to Indianapolis Mayor Greg Ballard that the courts are their call.
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U.S. agrees to $1.2B settlement with Toyota

March 19, 2014
Associated Press
U.S. Attorney General Eric Holder said it is the largest financial penalty of its kind ever imposed on an auto company.
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City pitches case for jail on former GM plant site

March 19, 2014
Kathleen McLaughlin
Indianapolis Director of Enterprise Development David Rosenberg met with west-side residents Tuesday evening to explain the city's preference for putting a new criminal-justice complex on the former GM stamping plant property.
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NCAA called 'cartel' with top conferences in player suit

March 17, 2014
Bloomberg News
The NCAA and five top conferences generate billions of dollars in revenue and illegally cap the pay of student athletes, a group of football and basketball players claim in a new lawsuit that seeks to reshape college sports.
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Irsay arrest may bring NFL punishment, sharpen scrutiny on bowl bid

March 17, 2014
Anthony Schoetle
The drug-related arrest of Indianapolis Colts owner Jim Irsay could bring repercussions from the National Football League and might play a factor in the city's bid for the 2018 Super Bowl.
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Palladium construction lawsuits costing panel millionsRestricted Content

March 15, 2014
Andrea Muirragui Davis
The cash-strapped Carmel Redevelopment Commission has spent more than $6 million since 2009 “responding to, defending and settling” legal claims from contractors involved in construction of the city’s Palladium concert hall.
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Lawsuits challenge Indiana's gay marriage ban

March 14, 2014
Associated Press
Ken Falk, chief legal counsel for the ACLU of Indiana, said he expects the growing number of federal lawsuits will be consolidated into a single challenge against the state's marriage law.
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Criminal code update pleases some, worries others

March 13, 2014
Indianapolis Mayor Greg Ballard said the bill “has been a long time coming” and will provide “sentencing reform that really has been sorely needed.”
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Company must pay back Indiana businesses

March 13, 2014
Associated Press
A company has agreed to refund to nearly 1,200 Indiana businesses the money they paid for services that they erroneously believed were required by law.
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Former Bloomington official charged in scheme

March 12, 2014
Associated Press
The U.S. attorney's office in Indianapolis said Wednesday that 43-year-old Justin Wykoff faces 24 counts of embezzlement for allegedly approving fraudulent invoices, often for concrete work that was never done.
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Village of West Clay developer suspending operations

March 12, 2014
Andrea Muirragui Davis
Brenwick Development Co. claims a switch in lenders has halted about $7 million in land sales in the mammoth mixed-use community in Carmel. The firm has filed suit against the banks.
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Judge: Case not made for airport justice center site

March 12, 2014
Indiana Lawyer Staff, Dave Stafford
The judge with authority over Marion County court facilities isn’t convinced that a 35-acre site by Indianapolis International Airport is the best pick for the proposed criminal justice complex.
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State not liable for contractor in fair stage collapse

March 11, 2014
Associated Press
A Marion County judge has denied Mid-America Sound Corp.'s claim that the state is financially responsible for the cost of its defense and any judgments against it over the fatal 2011 Indiana State Fair stage collapse.
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Institute analyzing proposed sites for criminal justice complex

March 10, 2014
Indiana Lawyer Staff, Dave Stafford
The Indiana University Public Policy Institute is analyzing proposed sites for a Marion County Criminal Justice Complex and may reveal its findings by the end of this week.
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Feds' ITT lawsuit built on reports from mystery shoppers

March 8, 2014
J.K. Wall
The shoppers, who were hired by the Carmel-based operator of for-profit colleges, generated the bulk of the material cited in the Consumer Financial Protection Bureau’s complaint.
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No-holds-barred tactics lifted developer Ozdemir

March 8, 2014
Cory Schouten
Ersal Ozdemir, who heads the development and construction firm Keystone Group, has charmed elected officials for years with big ideas—and hundreds of thousands of dollars in political contributions.
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Zoeller to defend Indiana marriage law against suit

March 7, 2014
Associated Press
Four couples from southern Indiana filed suit in federal court Friday looking to overturn the state's ban on gay marriage and the refusal to recognize gay marriages from other states.
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Former college running back sues NCAA over scholarship caps

March 5, 2014
Bloomberg News
The Indianapolis-based National Collegiate Athletic Association and five of college football's regional conferences, including the Big Ten, were sued by a former West Virginia University player who claims they agreed to limit the value of scholarships to less than the actual cost of attendance.
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Supreme Court removes local judge from bench

March 4, 2014
Indiana Lawyer Staff
Judge Kimberly Brown had been on paid suspension since Jan. 9 pending final discipline for multiple violations of the Code of Judicial Conduct.
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Emmis wins latest battle in unpaid-dividend case

March 4, 2014
 IBJ Staff
Plaintiffs in the case had sought $34 million in unpaid dividends. Shareholders had voted in 2012 to wipe away the obligation, at the request of management.
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Former Simon exec sentenced in mail fraud scheme

March 3, 2014
Scott Olson
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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Panther sues IndyCar, Rahal Letterman over sponsor deal

March 3, 2014
Associated Press
Indianapolis-based Panther Racing Inc.'s lawsuit against Rahal Letterman Lanigan Racing, IndyCar and others says it lost a $17.2 million sponsorship because of bid-rigging and other improprieties.
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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