Allison Transmission, key supplier continue court battle
The dispute reached a boiling point early this year when the supplier, Allison’s sole supplier of bonded piston seals, threatened to stop shipping.
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Bankruptcy trustee sues Durham art bidders
A Florida art dealer who successfully bid more than $260,000 on artwork that once belonged to Fair Finance Co. co-owner Timothy Durham says he canceled the sale. Now he and another big bidder from Philadelphia are being sued by Fair Finance bankruptcy trustee Brian Bash for nonpayment.
Inventor files suit against local printing business
Lawsuit alleges Harding Poorman Group shorted former Discom Technologies owner a percentage of sales after it acquired his company.
Court upholds Lilly patent on cancer drug Alimta
A U.S. District Court judge on Monday upheld Eli Lilly and Co.’s patent on the cancer drug Alimta, protecting the compound until July 2016. It was a welcome win after a difficult few months for Indianapolis-based Lilly, which is facing a wave of patent expirations in coming years.
Mike’s Express Carwash sued in family feud
Mike’s Express Carwash and its principals, Bill and Mike Dahm, sons of founder Joe Dahm, are facing a lawsuit in Hamilton Superior Court brought by Jerry Dahm, a cousin who owned 35 percent of the company until May.
Barnes & Thornburg maintains top-100 ranking
The firm ranked 85th in The National Law Journal’s annual listing of the nation’s 250 largest firms, up two spots from its previous position.
Bank of America seeks to dismiss racketeering suit
Homeowners Dwayne Ransom Davis and Melisa Davis sued last month in Indianapolis, claiming Bank of America “routinely” submitted perjured affidavits to support foreclosures. They lost their Knightstown home last year.
Citigroup subsidiary agrees to $717,000 Indiana fine
The penalty stems from charges that Citigroup Global Markets failed to monitor a former agent accused of working with Robert Nelms, who was sentenced in May for securities fraud involving a $24 million cemetery trust fund operated by Indianapolis-based Memory Gardens Management Corp.
Drama builds in suit over Hilbert mother-in-law’s life policy
Businessman J.B. Carlson is in debt for $5.9 million, and he may have been the last person to see 74-year-old Suzy Tomlinson alive. Her $15 million life-insurance policy named him as the beneficiary.
Rock Bottom Brewery tries to hang onto downtown lease
Downtown landlord John Goodman has rejected Rock Bottom Brewery’s attempt to renew its lease for five more years. The restaurant has occupied 14,600 square feet at 10 W. Washington St. since June 1, 1996.
Democrats win prosecutor’s race, other Marion County seats
Democrat Terry Curry has been elected Marion County prosecutor, defeating Republican candidate Mark Massa in a close race. Democrats also won the sheriff’s race and other countywide seats.
Judge: Bren Simon can take some distributions from estate
A Hamilton County judge will allow Bren Simon to take about $3.3 million per year of the estimated $43 million in annual dividend and interest income from her late husband's estate.
Appeals court rejects Lilly over Gemzar patent
Without an appeal, generic drugs are now poised to wipe away most of Lilly’s $750 million in annual U.S. revenue from Gemzar.
State sues WellPoint over data breach
The lawsuit filed Friday in Marion County accuses Indianapolis-based WellPoint of violating a state law that requires businesses to provide notification of data breaches in a timely manner.
Workplace safety rules a part of ND death probe
State regulators are investigating whether the University of Notre Dame violated safety rules when it allowed a student to videotape football practice from a tall hydraulic lift that toppled in high winds, killing the young man.
Don Marsh, grocery chain he led no closer to making peace
Time has done nothing to settle a dispute between the former executive and the private equity firm that bought his family’s business. They are gearing up for an October 2011 trial.
Secretary of state files complaint against teachers’ fund broker
David Karandos, a broker who advised the Indiana State Teachers Association Insurance Trust before it collapsed in 2009, is facing an administrative complaint from the Indiana Securities Division, which alleges 13 violations for unethical, dishonest and deceptive practices.
Former iSalus CEO sues tech firm for breach of contract
Mark A. Day is suing Indianapolis-based technology firm iSalus Healthcare, claiming he was dismissed without cause and is entitled to severance pay and benefits.
U.S. attorney to ask for review of IURC ethics dispute
U.S. Attorney Joe Hogsett says he'll ask "the appropriate federal agency" to review an ethics dispute that has embroiled the Indiana Utility Regulatory Commission and Duke Energy Corp.
American Commercial Lines sued over $777M buyout bid
Officials of Jeffersonville-based American Commercial and private-equity firm Platinum Equity LLC structured the $33-a-share offer in a way that unfairly bars other bids for the shipping company, American Commercial shareholder Leonard Becker said in his lawsuit.