Risk-averse CNO caught up in hedge fund nightmare
A deal struck two years ago aimed at offloading the risks associated with a big block of long-term care insurance has come back to haunt the Carmel-based company in a big way.
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Articles
Monarch affiliate gets OK to sell liquor after judge denies stay
The Indiana Alcohol and Tobacco Commission has granted Spirited Sales a temporary permit to sell wholesale liquor after a Marion County special judge denied the state’s request for a stay on her August ruling for the company.
Attorneys differ by more than $100M in latest BMV lawsuit
Attorney Irwin Levin of Indianapolis law firm Cohen & Malad LLP argued during a one-day bench trial Wednesday that the BMV should refund a total of $144 million in overcharges going back 10 years, plus interest.
Indianapolis attorney named managing partner at Faegre Baker Daniels
Longtime Indianapolis attorney Tom Froehle will take over the positions March 1, succeeding Andrew Humphrey as chairman and managing partner of the international law firm, it announced Wednesday.
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IU Research and Technology Corp. moves from canal to campus
A center that helps Indiana University researchers commercialize their discoveries has moved its operations to be closer to faculty, industry and research partners.
Hamilton County leaders moving forward with jail renovation
Earlier this year, the Hamilton County Commissioners put the project at the top of their priority list for capital expenses, but several members of the Hamilton County Council were hesitant to support a $12 million expansion.
Greenwood man charged in $2.7M fraud scheme involving local contractor
The former project manager for F.A. Wilhelm Construction Co. faces 20 years in prison for allegedly creating a fake business and billing his employer for materials, as well as making a false tax return.
Court: Menard founder doesn’t owe ex-fiancee ownership share
The founder of the Menards building supply chain doesn't have to give his ex-fiancee ownership interest in the company, an appeals court ruled Tuesday. The ongoing legal dispute once entangled two prominent Indianapolis executives and a local private equity fund.
Tesla would scale back Indiana operations under a legislative proposal
A Tesla executive said a proposal to prohibit direct-to-consumer auto sales would, if passed, prompt the company to make a U-turn with respect to expanding operations in the state.
Local legal-tech firm secures $2.2 million for seed round
Doxly, a High Alpha Studio company, grabbed the cash in its first fundraising round and signed on the world’s largest law firm as a customer.
New hope surfaces for victims of Durham’s Ponzi scheme
An appeals court ruling has cleared the way for Fair Finance Co.'s bankruptcy trustee to revive a lawsuit against one of the company's lenders,a Fortune 500 company with extensive resources. The trustee was able to extract a $35 million settlement from another one of the company's lenders.
Lawyers questioned over Indiana’s Syrian refugees order
Attorneys defending Indiana Gov. Mike Pence's order to bar agencies from helping Syrian refugees resettle in his state faced unusually fierce questioning before a federal appeals court Wednesday.
BMV criticizes law firm’s court order; firm says it’s trying to protect customers
The Indiana Bureau of Motor Vehicles is criticizing an Indiana law firm for a court order the BMV says will “take money out of Hoosiers’ pockets,” but the attorney who filed the order said the request is meant to protect Hoosiers who are suing the BMV.
Two gymnasts allege sex abuse by doctor for USA Gymnastics
Dr. Larry Nassar, 53, who worked for decades for the Indianapolis-based gymnastics organization until his dismissal last year, is accused of sexually groping and fondling a teenage Olympian, according to the lawsuit.
UPDATE: Indy fertility doctor impregnated several patients, affidavit says
A retired fertility doctor said he used his own sperm around 50 times instead of donated sperm that his patients were expecting, impregnating several women, according to court documents.
Wells Fargo fined $185 million for improper account openings
Regulators fined Wells Fargo a combined $185 million on Thursday, alleging the bank's employees illegally opened millions of unauthorized accounts for their customers in order to meet aggressive sales goals. More than 5,000 employees were fired in connection with the behavior.
Both sides of liquor fight say it’s about fairness
A Marion County judge’s ruling has heated up the battle between liquor distributors and a group of beer distributors operating in the state and Indianapolis-based beer wholesaler Monarch Beverage Co.
Anderson man, 64, to plead guilty in identity fraud scheme
An Anderson man is expected to plead guilty to using false identities to obtain fraudulent tax refunds totaling about $238,000 over three years.
UPDATE: Indiana courts aim to end bail for many people arrested
The rules announced Wednesday by the Indiana Supreme Court include assessing whether a person is a flight risk or poses a public safety threat.
ITT Educational employees file lawsuit over sudden terminations
Two employees who were terminated Tuesday as part of mass layoff by ITT Educational Services have filed a lawsuit claiming the Carmel-based firm violated federal law by failing to provide 60-days notice. The suit seeks class-action status for as many as 8,000 employees.