Crown Point sues company over disputed loan

July 11, 2008

Crown Point Development Corp., the economic development arm of the northwestern Indiana city, has sued a company that was expected to create at least 200 jobs in the city, according to The Times of Munster.

Crown Point loaned Plasmatronics Inc. $380,000 to lure the company to the city last year. However, Plasmatronics, which intended to make an ignition to improve gas mileage and cut pollution, quit operating in the city earlier this year and didn't repay the loan.

The city wants the money returned along with attorney fees and other expenses. In addition to the company, owner Linda Decker and chief scientist Lonnie Lenarduzzi are named as defendants.

The Indianapolis law firm Ice Miller is representing the city, and filed the suit in Marion County Superior Court.

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