Jim Cochran, the former Indianapolis businessman serving a 25-year prison term for his role in the massive Fair Finance Ponzi scheme, is asking a Chicago appeals court for early release on the grounds that his health problems could make contracting COVID-19 lethal and that he has undergone a religious conversion that no longer makes him a risk to society.
Some investment analysts and health care observers say changes to Blue Cross Blue Shield rules that are stipulated in a half-billion-dollar settlement are so favorable to Indianapolis-based Anthem’s growth prospects that they view the deal as a huge win for the company.
Paul Elmer, the 69-year-old former CEO of Pharmakon Pharmaceuticals, is desperately trying to win early release from federal prison in Terre Haute, saying he fears he’ll contract COVID-19 there and die.
A new lawsuit accuses Witham Health Services in Lebanon of negligence for hiring a pediatrician who’d faced criminal sexual misconduct charges during his residency in 2004 and then allowing him to see patients with no one else present.
The bankruptcy trustee seeking to recover millions of dollars for victims of Indianapolis businessman Tim Durham’s Ponzi scheme has come up empty in a nearly decade-long lawsuit against a deep-pocketed lender he alleged was culpable in the fraud.
A high-stakes lawsuit goes to trial Monday that could represent the last, best hope for victims of Indianapolis businessman Tim Durham’s Ponzi scheme to recoup a sizable recovery on their more than $200 million in losses.
Federal prosecutors in late April accused the Indianapolis-based trucking company Celadon Group Inc. of engineering a sweeping accounting fraud that hid losses in the tens of millions of dollars, and they announced a felony charge against one of the company’s former executives. But if the fraud was so sweeping, why did prosecutors charge just one person and spare other former top executives (at least so far)?
A lawsuit quietly wending its way through a Marion County court zings former HHGregg CEO Bob Riesbeck and three other insiders of the failed chain, alleging they allowed it to continue accepting customers’ deposits on merchandise long after its tailspin cast doubt on whether it had the financial wherewithal or inventory to fulfill the orders.
The ringleader in one of the largest corporate-fraud cases in Indiana in recent years is asking a judge to throw out his felony convictions on the grounds that his legal team at the Indianapolis law firm Barnes & Thornburg failed to disclose a “profound conflict of interest.”
A federal judge late last week awarded plaintiffs’ lawyers $31.05 million in legal feels in the Anthem Inc. data breach case, ending a months-long dispute over how much they deserved for striking the $115 million settlement last year. The fees were less than the $38 million the attorneys originally had requested.
Former ITT Educational Services Inc. CEO Kevin Modany has agreed to pay $200,000 and accept a five-year ban from serving as an executive of a public company to settle a Securities and Exchange Commission lawsuit accusing management of hiding the rapidly eroding financial condition of the now-defunct firm from investors. Former ITT Chief Financial Officer Daniel Fitzpatrick agreed to pay $100,000 and accept the same ban under a separate settlement.
Some Anthem Inc. customers were unimpressed by the $115 million data breach settlement deal, and even less so by the attorneys' fee request. California federal Judge Lucy Koh also blistered the attorneys about their fees in open court in February.
The odyssey that led to Zionsville pharmacist Hongxing “Harry” Zhang’s 2016 fraud indictment, and subsequently his guilty plea to two felony counts on Oct. 4, began in a curious fashion.
Pharmacy giant CVS Health and the owner of Lockerbie Marketplace downtown filed objections Tuesday night to Marsh Supermarkets’ plan to sell 26 stores to two Ohio-based grocery chains for $24 million.
You knew the fraud case against former American Senior Communities CEO James Burkhart was going to be a battle royal once Burkhart enlisted the indefatigable defense attorney Larry Mackey, who won acclaim for prosecuting the Oklahoma City bombing suspects two decades ago.
Indianapolis' Capital Improvement Board has failed in its effort to avoid getting entangled in a legal dispute between the IRS and Mel Simon’s widow stemming from Mel’s sale of his half of the Indiana Pacers to his brother Herb in 2009.
ITT Educational Services Inc.’s bankruptcy trustee has launched a no-holds-barred investigation into the defunct company’s business practices—a move that appears likely to pave the way for her to sue former officers and directors, including CEO Kevin Modany and Chief Financial Officer Kevin Fitzpatrick.
Prosecutors on Monday lowered the boom on the New York-based hedge fund Platinum Partners, alleging it carried out a $1 billion fraud that left hundreds of victims—including CNO Financial Group.
Attorneys for the IRS have gotten their hands on an email that appears to buttress their case that Herb Simon received a sweetheart deal when he acquired his ailing brother Mel’s 50 percent ownership in the Indiana Pacers in early 2009, just a few months before Mel died at age 82.