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Eco suit spawns flurry of litigation: Class actions hit Honeywell in wake of thermostat fight

February 14, 2005

Industrial powerhouse Honeywell International Inc. suddenly finds itself under siege by an army of aggressive class-action attorneys-all because it decided to mess with a couple of determined entrepreneurs from Lebanon. Attorneys from around the nation in recent months have filed six class action lawsuits in state courts charging New Jersey-based Honeywell used deception to obtain the trademark for its ubiquitous round thermostat, then used its lock on the round-thermostat market to overcharge customers. T h e l eg a l…

Ex-execs fly solo: Horn, Shoopman, others trade big firms for small

February 21, 2005

As president of The Dura Cos. Inc., Paul Shoopman was responsible for a 155-employee company that brought in $75 million in revenue in 2003 and built as many as 700 homes a year in Marion and the surrounding counties. Last year, Shoopman won an Ernst & Young national Entrepreneur of the Year award and sold his company to publicly traded California-based KB Home. This year, he’s starting over. Shoopman, 51, opened Indiana Land Development Co. in early January. From his…

Studies: Bans don’t burn biz: Restrictions in other cities didn’t reduce overall sales, but some taverns were hurt

February 21, 2005

“My business was down 15 percent at first,” recalled Gina Scott, co-owner of the Lexington pub. Lately, she added, “It’s still down a bit. I don’t know with the ban it will ever go up to where it was.” This ban-in the heart of tobacco country-may offer a glimpse of what’s to come for Indianapolis bars and restaurants if proponents of a smoking ban prevail in the City-County Council. The proposed Indianapolis ordinance is one of the most stringent in…

Software firm on the rebound: Move to private status, restructuring help Made2Manage move into profitability

March 7, 2005

Made2Manage Systems Inc. is beginning to make strides, both in profitability and perception, since completing its metamorphosis from a public to private enterprise 18 months ago. The software maker that staged its initial public offering in 1997 posted a peak loss of $4.7 million four years later amid a soft economy. Its health improved the following year in 2002, when losses totaled $690,000. But by then, Made2Manage executives had concluded an investor-led acquisition would be the best elixir to nurse…

Lilly faction seeks split of exec roles: Shareholder group wants to separate chair, CEO jobs

March 21, 2005

The shareholders think Lilly should separate its chairman and CEO roles. Sidney Taurel currently holds both jobs and the title of president. The group wants an independent chairman. It’s one of six shareholder proposals on the agenda for Lilly’s April 18 annual meeting at its headquarters. The move would address “a leadership crisis at our company” created by the lack of access to affordable medicines, according to the proposal listed in Lilly’s recently filed proxy statement. Lilly’s board disagrees and…

NOTIONS: Race for the cure; reach for the phone

April 25, 2005

Spring has exploded in my urban garden. The climbing hydrangeas race up the trellises. The perennials ascend toward azure blue. And the flowering crab has erupted like a Fourth of July firework. It was a hard winter for us. Last fall, two shrubs by the stone bench turned brown and we couldn’t save them. In December, the blue spruce by the back gate shed its needles and died. And my fellow gardener, who planted this place and nurtured it with…

New barter group begins: Rival files suit claiming execs stole trade secrets

April 25, 2005

A new association offering business owners an opportunity to barter their services among a network of company members has arrived in the city, but not without a legal challenge from a competitor. Tony Sandlin and David Treacy founded Barter Indiana Group after working on a contractual basis at rival Henry Street Trading Co. The two barter organizations and another in the city, the Californiabased franchise BXI Exchange Inc., coordinate the exchange of services among members without involving cash. If a…

Elite execs raking it in: As pay swells, critics urge restraint

May 9, 2005

Special Report: Elite execs raking it in As pay swells, critics urge restraint Highest-paid Indiana public company executives in fiscal ’04. Includes salary, bonus and other annual compensation, as well as long-term pay and stock option grants. 1) includes $1.7 million signing bonus received upon becoming CEO and president in August 2004 Turns out life’s certainties stretch way beyond the clichÃ© about death and taxes, especially in corporate Indiana. If you’re a top executive at one of Indiana’s biggest public…

State targets salvage yards: 44 violations cited, but no fines so far

June 6, 2005

Indiana auto salvage yards are finding themselves in the crusher-in the clutch of regulatory jaws bent on reducing salvage-yard pollutants. In barely two years, the Indiana Department of Environmental Management has issued violation notices to 44 salvage yards, according to state records. While historical numbers weren’t immediately available, “before, we were sporadic and really didn’t have a widespread effort,” said Amy Hartsock, an IDEM spokeswoman. While on the prowl lately, the agency’s jaws have been padded with rich Corinthian leather:…

Taking the pulse of life sciences: Experts weigh in on whether Indiana is keeping up in the economic development race

June 27, 2005

IBJ: Is Indiana gaining ground against other states in the race to grow as a life sciences hub? What are some specific benchmarks that underscore your opinion? JOHNSON: Indiana is gaining ground, but Indiana already starts on really very substantial ground. There are a lot of outside validations of that and I think it’s important for this audience to hear a couple of them because there is nothing like having people on the outside pay attention to what we’re doing…

ITT paid for feds’ aggression: Sweeping probe didn’t lead to charges against firm, top execs

July 4, 2005

On a chilly winter morning 16 months ago, federal investigators converged on ITT Educational Services Inc.’s Carmel headquarters and 10 of its 77 campuses, gathering documents in a high-profile raid that rattled investors and sent the company’s shares into a free fall. Now, the U.S. Attorney’s Office in Houston, which obtained the search warrants authorizing the raid, acknowledges its sweeping criminal probe failed to turn up evidence that would justify charges against the company or its top brass. The turnabout,…

Court files grow thick against Guidant: Shareholders, patients, employees air their grievances

July 18, 2005

“Attention, patients with Guidant heart defibrillators,” the announcer’s voice booms as the television commercial begins. Nearly 50,000 of the devices were recalled June 17, and people using one may be at risk, according to the ad, which has run in Tennessee, Kentucky and central Indiana so far. It ends by urging viewers to call the Becker Law Office in Louisville for a free consultation. That ad could spawn at least 10 wrongful-death lawsuits, according to Gregory Bubalo, a Louisville-based lawyer…

Researchers seek fuel-cell answers: Universities, companies see long-term potential in alternative power device

July 18, 2005

The figure-eight slot-car track in the basement laboratory at IUPUI looks out of place amid the expensive computer equipment surrounding it. But when research assistant Alan Benedict fumbles with a few wires and the cars come to life, it becomes clear the racetrack is more than just a toy. The miniature cars operate on fuel cells and are part of Purdue University’s exploration into the alternative power source. Scientists across the country are studying the clean power alternative, stoked by…

Accounting employees in demand: Sarbanes-Oxley requirements spark hiring surge of experienced accountants, creating openings at smaller firms

July 25, 2005

Little did Josh Malarsky know five years ago when he began pursuing his master’s degree in accounting that firms would be hiring in such unprecedented numbers. But that was before federal legislation tightening auditing and accounting rules and regulations turned the profession on its head. Known as the Sarbanes-Oxley Act, the law and its stiffer controls have caused accounting firms and corporations to ratchet up staffing numbers. The Big Four firms that audit public companies mostly are searching for seniorlevel…

Cook County jail contract gives local firm big boost: Government Payment Service could double business

July 25, 2005

Government Payment Service Inc.’s credit-card-based jail bond service has proven to be a successful alternative to traditional cash transactions. Now the Indianapolis-based company, which has experienced tremendous growth since its founding in 1997, could double in size, having secured a contract with the country’s largest jail system in Cook County, Ill., home to Chicago. Cook County, with 5.3 million people, is the second-most populous county in the nation, topped only by Los Angeles County in California. Processing credit card bail…

NASCAR puts marketer in fast lane: Brown builds reputation for closing big sponsorship deals

August 8, 2005

Zak Brown retired as a race car driver years ago. But he’s never moved faster than he does today as the founder and president of Indianapolis-based Just Marketing. On the heels of this year’s Brickyard 400, Brown expects to announce two more major NASCAR sponsorship deals brokered by his company. Those deals-which he can’t yet discuss-along with recent deals to bring Johnnie Walker and Hilton Hotels to Formula One, will bring his sponsorship portfolio to near $150 million annually. Though…

Co-owner gives golf course a woman’s touch: Multiple tees and restrooms make the Purgatory Club in Noblesville one of the best in the country for females

August 8, 2005

Purgatory isn’t just for women. Purgatory Golf Club in Noblesville, that is. True, you can buy pink hooded sweatshirts, pink-and-white golf shoes and scented candles in the Pro Shop. And one night a month is designated Ladies Night, where women can play a round of golf, enjoy food and wine and win prizes. But don’t be fooled. Purgatory isn’t some cookie-cutter golf course. When played from the back tees, it’s one of the longest courses east of the Mississippi-nearly 7,800…

Payola inquiry includes Emmis: New York AG, FCC study financial ties with record labels

August 15, 2005

Emmis Communications Corp. early this year received a subpoena in an investigation of pay-forplay practices throughout the radio industry, and the Indianapolis company confirms two of its employees in the New York market are under scrutiny. New York Attorney General Eliot Spitzer earlier this year began investigating whether record companies were using improper promotional practices to win airplay for their artists’ songs. In July, he reached a $10 million settlement with Sony BMG, owner of several record labels. This month,…

State bundles media buying: Firms here question whether small Fort Wayne-based agency can handle $10M contract

August 15, 2005

In a move that has rankled some central Indiana advertising agencies, Gov. Mitch Daniels’ office this month awarded a $10 million-$12 million media buying contract encompassing all state agencies to Fort Wayne-based Asher Agency. Asher in turn promised to save the state $900,000 in the coming year. The contract, a one-year deal with a oneyear renewal option, calls for Asher to place television, radio, print and outdoor advertising for the Hoosier Lottery, Indiana State Fair, Indiana Criminal Justice Institute, Office…

Pension fund opens coffers: $506M could be boon for venture capitalists

August 22, 2005

The Public Employees’ Retirement Fund, Indiana’s largest pension system, is preparing to unleash half a billion dollars into venture capital, real estate and other privateequity investments. And the fund’s managers aim to put the bulk of it to work inside state lines. Hoosier venture capitalists are salivating at the prospect. T h a t ‘s t h e equivalent of nearly seven BioCrossroads Indiana Future Funds. “If there are excellent opportunities to invest in Indiana, we ought to be looking…

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Articles

Eco suit spawns flurry of litigation: Class actions hit Honeywell in wake of thermostat fight

Ex-execs fly solo: Horn, Shoopman, others trade big firms for small

Studies: Bans don’t burn biz: Restrictions in other cities didn’t reduce overall sales, but some taverns were hurt

Software firm on the rebound: Move to private status, restructuring help Made2Manage move into profitability

Lilly faction seeks split of exec roles: Shareholder group wants to separate chair, CEO jobs

NOTIONS: Race for the cure; reach for the phone

New barter group begins: Rival files suit claiming execs stole trade secrets

Elite execs raking it in: As pay swells, critics urge restraint

State targets salvage yards: 44 violations cited, but no fines so far

Taking the pulse of life sciences: Experts weigh in on whether Indiana is keeping up in the economic development race

ITT paid for feds’ aggression: Sweeping probe didn’t lead to charges against firm, top execs

Court files grow thick against Guidant: Shareholders, patients, employees air their grievances

Researchers seek fuel-cell answers: Universities, companies see long-term potential in alternative power device

Accounting employees in demand: Sarbanes-Oxley requirements spark hiring surge of experienced accountants, creating openings at smaller firms

Cook County jail contract gives local firm big boost: Government Payment Service could double business

NASCAR puts marketer in fast lane: Brown builds reputation for closing big sponsorship deals

Co-owner gives golf course a woman’s touch: Multiple tees and restrooms make the Purgatory Club in Noblesville one of the best in the country for females

Payola inquiry includes Emmis: New York AG, FCC study financial ties with record labels

State bundles media buying: Firms here question whether small Fort Wayne-based agency can handle $10M contract

Pension fund opens coffers: $506M could be boon for venture capitalists