Effort to save minority car dealer lands Bill Mays in ditch
PNC Bank last month sued Mays, one of the city’s most prominent black businessmen, charging he defaulted on a $3.5 million loan he received in 2008 that has an unpaid balance of $2 million.
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Evangelical Baptist Missions settles legal dispute with IT vendor
Local not-for-profit said Ohio company was holding its website hostage.
UBS paying $677K to Indiana over ISTA trust fund investments
UBS Financial Services has agreed to pay state regulators $677,000 to settle a claim over investments by the Indiana State Teachers Association Insurance Trust.
Lilly wins ruling in dispute with Amylin over diabetes drugs
Eli Lilly and Co. won a ruling in a lawsuit brought by Amylin Pharmaceuticals Inc., which wants to prevent Lilly from using the same people to sell Amylin’s diabetes drug and that of a competitor.
Magistrate reverses David Marsh deposition ruling
Citing new information, U.S. Magistrate Tim A. Baker now says lawyers for Marsh Supermarkets can depose David A. Marsh, son of the company’s former CEO, Don Marsh. Baker previously ruled that he couldn’t be deposed.
Roche wins as high court limits university patent rights
Monday's Supreme Court decision is a victory for companies that collaborate with universities in research. Indianapolis-based Eli Lilly and Co. was among the companies that supported Roche.
Ex-Countrymark CEO’s bid to reduce sentence denied
David Swanson had asked a federal judge to vacate or reduce his 12-year prison sentence stemming from his 2002 conviction for wire fraud, money laundering and tax evasion.
Finish Line settles with former employee
The Indianapolis-based athletics retailer agreed to pay $38,000 to the worker after the Equal Employment Opportunity Commission claimed it violated federal law by firing her because of a physical disability.
Kosenes take on ex-partner in court
Principals in Kosene & Kosene Development have sued a former partner, claiming he’s trying to cut them out of a city-supported deal to redevelop the former Bank One Operations Center downtown.
Shrunken Lauth emerges from reorganization
Lauth Investment Properties, which holds the remains of the real estate empire of Lauth Group, has emerged from Chapter 11 bankruptcy, with about $25 million and a portfolio of properties valued at $35 million.
Farm Bureau suit says Walmart TV set Hoosier’s house on fire
A southern Indiana man got more than he bargained for when he bought a low-price TV from Walmart. He says the television set his house on fire.
Legal bills make it tough for City Market to become self-sustaining
The city’s mounting legal bills to cover lawsuits involving Indianapolis City Market are adding to the taxpayer cost of subsidizing the venue and making it tougher for the market to become self-sufficient.
Legal issues follow local race team into 500 weekend
Indianapolis-based Panther Racing, which has two drivers in this weekend’s Indy 500, has been sued by a former employee, its former landlord and even one of its former drivers, mostly over allegations of not paying its bills.
ACLU asks court to block Indiana immigration law
The American Civil Liberties Union of Indiana and the National Immigration Law Center filed a federal lawsuit Wednesday to block a new state law that they say gives police sweeping arrest powers against immigrants who haven't committed any crime.
Family has steely plan for shifting business to next generation
Westfield Steel owners Karyn and Fred Prine are well on the way to transitioning to the next generation—son Fritz—thanks to timely planning.
City Market set to oust 19-year tenant Enzo Pizza
Directors of the historic building have notified the pizza restaurant that it needs to have its equipment removed by the end of the day on Friday after the two sides could not agree on a new lease.
Indiana welfare workers indicted for stealing $191K
U.S. Attorney Joe Hogsett said Tuesday the three created 126 benefit cards in the names of welfare clients and used them to withdraw money at bank machines, buy retail goods and sell them from 2008 until April 2010.
Lawyers for Marsh Supermarkets can’t depose David Marsh
A federal magistrate ruled in favor of David Marsh in an attempt by lawyers for Marsh Supermarkets to depose him in the company’s lawsuit against his father, ex-CEO Don Marsh.
Attorney general wants new hearing on police entry ruling
Attorney General Greg Zoeller says he supports asking the state Supreme Court to revisit its recent ruling that found people don't have the right to resist police officers who enter their homes illegally.
Marsh Supermarkets settles IRS issue in suit against ex-CEO
A new brief in a lawsuit against former CEO Don Marsh alleges he had an affair with a Russian ice ballet director, bankrolled with company funds.