Denver firm snaps up Greenwood property for $15.7 million
The acquisition of the 450,000-square-foot distribution center is another sign of the improved health of the Indianapolis area’s industrial market.
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The acquisition of the 450,000-square-foot distribution center is another sign of the improved health of the Indianapolis area’s industrial market.
Marion Superior criminal court Judge Kimberly Brown faces an array of accusations, including counts that her actions led to the delayed release of at least nine defendants and that she created “a hostile environment for attorneys, court staff, clerks, and other court officials.”
The private university is slated to finish improvements soon to 90 acres of land it owns west of the Central Canal that should help alleviate parking problems and give the public better access to the waterway.
John K. Marcum, 49, portrayed himself as a trader and asset manager to raise more than $6 million from at least 37 investors in six states through his company, Guaranty Reserves Trust, the SEC alleges.
The conservative Heritage Action for American organization brought its anti-Obamacare tour to Indiana’s capitol city on Monday. Meanwhile, supporters of the existing federal health care law held their own event.
Knowledge Services, founded by CEO Julie Bielawski in 1994, has been one of the city’s fastest-growing companies in recent years.
Patients, in spite of what it may feel like, pay only a tiny fraction of the total health care bill directly from their own pockets. It’s no wonder then that prices and good service are hard to find.
Indianapolis-based Healthx Inc. has named Martin Samples as its vice president of product management. Samples previously worked for Indianapolis consultancy E-gineering LLC and before that as director of digital media at Zionsville-based Just Marketing International. Samples holds a bachelor’s in Christian education from Anderson University.
Indianapolis-based law firm Brannon Sowers & Cracraft PC has hired Bassam Nader as a patent agent. Nader previously worked for Indianapolis-based Dow AgroSciences LLC as an organic chemist. Nader holds a doctorate in organic synthesis chemistry from Fordham University. He also holds master’s and bachelor’s degrees in chemistry from the American University of Beirut.
Oops. West Lafayette-based Bioanalytical Systems Inc. announced Aug. 21 that it will have to restate financial reports going all the way back to June 2011 because of an accounting error. Bioanalytical, which sells drug development equipment and services to pharmaceutical firms, has been unable to file its latest quarterly filing with the U.S. Securities and Exchange Commission. Because of that failure to file, the NASDAQ stock market has threatened to delist Bioanalytical. The $422,000 error helped make Bioanalytical’s losses applicable to common shareholders during the past 2½ years about 4 percent less than they should have been, according to an unaudited restatement of results issued by the company. The company previously reported losses for common shareholders of $10.1 million during that 2½-year period. The error occurred in May 2011 when Bioanalytical staged a public offering of new shares. Those sales included a purchase warrant, which Bioanalytical should have recorded as a liability, but instead recorded as equity. The warrants could, in some cases, require Bioanalytical to pay cash to investors, the company stated in a press release.
After shelling out $29.4 million last year to settle 15 years' worth of bribery charges, Indianapolis-based drugmaker Eli Lilly and Co. is in the same pickle again. A Chinese newspaper reported last week that Lilly employees in China gave at least $4.9 million in bribes and kickbacks to Chinese doctors to entice them to prescribe Lilly’s medicines, particularly its insulins for diabetes. A Lilly spokeswoman would neither confirm nor deny the allegations to Bloomberg News, but said Lilly is investigating. Bribes and special payments are common practice for selling products in China, according to the 21st Century Business Herald in China, but it is a violation of U.S. law for a U.S.-based corporation to bribe foreign officials. The allegations make Lilly the third major multinational drugmaker accused of bribing doctors in return for prescribing drugs. GlaxoSmithKline Plc, based in London, and Paris-based Sanofi-Aventis SA face similar investigations. In 2012, Lilly agreed to pay the SEC to settle charges that it paid off government officials to obtain government contracts in Brazil, China, Russia and Poland from 1994 to 2009.
Planned Parenthood of Indiana is suing to block a new state law that tightens abortion pill regulations, arguing that the law wrongly targets the organization's clinic in Lafayette, according to the Associated Press. The federal lawsuit filed Aug. 22 claims the law violates equal protection rights because it requires the Planned Parenthood clinic in Lafayette to meet the same standards as surgical abortion clinics but doesn't apply those rules to the offices of doctors who distribute the abortion pill. The Lafayette clinic does not perform surgical abortions. Planned Parenthood officials maintain the only purpose of requiring it to have separate procedure and recovery rooms is to restrict women's access to the abortion pill. The law was approved in April by the Republican-dominated Legislature. Supporters say it's aimed at ensuring the abortion pill is given under proper medical care.
A 37-year-old Indianapolis man died Sunday afternoon after swimming at a state recreation area in west-central Indiana. Witnesses say Rafael A. Lopez was in the water at the Lieber State Recreation Area’s Cataract Lake when he began behaving erratically, bobbing up and down in the water near a roped-off area of the beach. Bystanders brought Lopez to shore and began performing CPR on him until medical personnel arrived. He was taken to a Greencastle hospital, where he was pronounced dead. An autopsy was scheduled for Monday.
An off-duty Indianapolis police officer was arrested in Johnson County early Saturday morning for allegedly driving drunk on his motorcycle. Police Sgt. Gregory R. Scott was pulled over for driving 76 mph in a 55-mph zone. His blood alcohol content was tested at 0.16, double the legal limit. Scott was placed on administrative duties pending an investigation.
At least five people were arrested Monday morning after refusing to leave a homeless camp downtown. Early last week, police gave about 60 homeless people until 9 a.m. to vacate the area because the camp was preventing workers from inspecting the CSX train trellis on South Davidson Street. Police said those arrested Monday are “activists.”
A real estate firm with growing holdings in the Indianapolis area has purchased a 1.1 million-square-foot distribution building in the AmeriPlex at Indianapolis business park.
The SEC says the CEO of locally based biomedical firm Xytos Inc. has committed securities fraud
since 2010 by repeatedly publishing false information to investors about the company. Timothy Cook denies the accusations.
The Commerce Department said Monday that orders for durable goods plunged 7.3 percent in July, the steepest drop in nearly a year.
Gov. Mike Pence challenged members of the Kiwanis Club of Indianapolis to encourage out-of-state entrepreneurs to consider building their businesses in Indiana.
Wrapping up Sunday, the 11-day performing arts festival downtown sold a total of 17,286 tickets for the 64 productions mounted.
The Indiana General Assembly's Small Business Caucus will hold town hall meetings across the central Indiana the next two weeks to discuss the issues facing small businesses.
What was your favorite farm-to-fork sample at the downtown food feast? Or highlight from the anything-can-happen fest on and around Mass Ave?
Indiana Gov. Mike Pence says he's creating a new state agency that will gear public education to better meet the needs of employers, a move that the state's top public education official said she was not consulted on.