The class-action litigation, in which former CNO customers say they were overcharged for life insurance, is scheduled for trial in June. About $70 million is being sought for the 2,000 or so class members.
Commerce Secretary David Adams announced last week that the state had frozen funds earmarked for Elevate Ventures, but he did not outline specific concerns about the nonprofit or its operations.
Gov. Mike Braun confirmed Tuesday he is arranging for an independent audit of Indiana Economic Development Corp.’s spending and accounts, just weeks after he ordered more transparency for the agency’s nonprofit foundation.
Whether out of fear of losing federal funding, a desire to avoid litigation or a reluctance to seem political, organizations are changing the way they talk about diversity—if not outright cutting back on their pro-diversity efforts.
A financial industry arbitration panel has ordered Stifel, Nicolaus & Co. Inc. to pay $7 million in attorney’s fees to a group of former Stifel advisers in Indianapolis.
More than 200 residential properties around Indianapolis are connected to at least one of the more than two dozen active lawsuits that investors, lenders and contractors have filed against brothers Jeremy and Joshua Tucker.
Ultimo Global Holdings LLC alleges that the company has defaulted on a $1 million promissory note.
A federal grand jury has returned a superseding indictment that charges Maximiliano Pilipis, 53, with five counts of money laundering and two counts of willfully failing to file a tax return.
A Mooresville investor is alleging that Carmel-based retirement planning firm ReJoyce Financial LLC and CEO Alexander Joyce misappropriated more than $200,000 that she had deposited with the firm to invest on her behalf.
Indiana’s tech companies landed a combined $348.8 million in venture funding last quarter, which was the strongest first-quarter activity since recordkeeping began in 2015, TechPoint says.
FullBeauty Brands Inc., an online apparel retailer with a significant Indianapolis presence, is facing a lawsuit alleging that several of its swimsuits too closely resemble a competitor’s products.
A growing number of companies in Indiana and elsewhere are hoping to offer new legal protection for top executives following a 2022 change in Delaware’s corporation law.
Evansville-based Old National Bank disclosed Monday that it has placed its chief financial officer, Brendon Falconer, on leave. Falconer was charged last week with two counts of felony child molestation.
Former insurance broker Brian Simms of Lebanon, who was accused of misappropriating nearly $4 million in client funds in a “Ponzi-like” scheme, has agreed to plead guilty to one count of wire fraud.
Cummins Inc. is facing multiple lawsuits from shareholders and Dodge Ram truck owners after the company agreed to pay $2 billion late last year to settle allegations that it unlawfully altered hundreds of thousands of pickup truck engines.
A combination of higher interest rates, the ongoing tech industry downturn and general market uncertainty put a damper on venture investment activity last year, both in Indiana and nationwide—and observers say they don’t expect the situation to improve much this year.
The Indiana Secretary of State’s office has issued a cease-and-desist order against Carmel-based retirement planning firm ReJoyce Financial LLC and its CEO Alexander Joyce, alleging that Joyce used nearly $2.6 million in client funds for his personal gain.
A federal judge has issued a temporary restraining order and asset freeze against Arizona-based real estate company ArciTerra Cos. LLC and its founder, Indiana native Jonathan Moynahan Larmore, who are facing federal fraud allegations.
Cummins Inc. will pay $1.675 billion to settle allegations that the engine-maker violated the Clean Air Act, the company announced Friday.
A Texas jury this week awarded Purdue University $32.5 million in damages in its patent infringement lawsuit against an international microelectronics company.