Cummins must pay $23.3M in damages in trade-secret lawsuit, jury says
A California-based tech firm that develops artificial-intelligence-powered applications accused the Indiana-based manufacturer of stealing its trade secrets.
Susan Orr, Indianapolis Business Journal
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Cardinal Ethanol files lawsuit against its Indianapolis-based IT provider
Cardinal is suing The IT Mothership LLC over what the ethanol producer describes as “an ongoing hostage situation” of its IT system. But the service provider said Cardinal owes it hundreds of thousands of dollars in unpaid fees.
Goelzer files lawsuit against former executive who joined rival investment firm
Carmel-based Goelzer Investment Management is suing one of the three financial advisers who left the firm earlier this month to join a rival firm, Robert W. Baird & Co. Inc.
Proxy advisory company sues Rokita in effort to halt new state law
Maryland-based Institutional Shareholder Services Inc. seeks to halt a new Indiana law that it alleges would violate the company’s right to free speech.
Bond trustee sues addiction treatment centers’ operator
Facilities in Greenfield and Knox are at the heart of a lawsuit that seeks to replace the centers’ Indianapolis-based operator, Crossroads Health Management LLC, over allegations of financial mismanagement and revenue diversion.
Carmel tech firm sues IEDC, others over alleged IP theft
DynamoEdge’s core product uses 5G technology to analyze real-time data to anticipate problems before they occur.
Cummins offering up to $1,000 to truck owners for software recall
The recall is tied to a January 2024 Clean Air Act settlement agreement between Cummins, the Environmental Protection Agency and the California Air Resources Board.
Indiana Real Estate Commission revokes Avon agent’s license over fraud claims
During a commission hearing Wednesday, witnesses said Jeremy Tucker defrauded them out of millions of dollars through unpaid loans or forged documents.
Indiana couple accused of insider trading on $3.7B acquisition
Fan “Jocelyn” Yang, 39, and her husband, Jing Tian, 37, have each been charged with two counts of conspiracy to commit securities fraud. The indictment was unsealed Tuesday, and the case is being handled in U.S. District Court in the District of Columbia.
Indianapolis-based Audio Chuck facing lawsuit from podcast creator
The creators of the “Anatomy of Murder” podcast accuse the Indianapolis-based media company of shorting them millions in advertising revenue and failing to do enough to promote the show.
Fishers-based Arrive AI sues former business consultant it alleges stole trade secrets
In its complaint, the company accuses the former consultant of interfering with its business opportunities, including what is described as a potentially multibillion-dollar deal with a large logistics company.
IEDC board OKs public release of forensic audit of agency, affiliated entities
Gov. Mike Braun ordered the audit in April, citing unspecified concerns about transparency at the Indiana Economic Development Corp. and its related entities.
DOC to request $15.8M for planned immigration detention site
The funding request, which is summarized in the agenda for Wednesday’s State Budget Committee meeting, says the agency needs the funding to prepare the correctional facility for ICE detainees.
Carmel software firm reaches settlement in legal dispute with former business partner
Carmel-based software firm Max Minds LLC has reached a settlement in its legal dispute with a former business partner, Ashland, Virginia-based Triangle Experience Group Inc.
IEDC leader to depart as part of ‘evolution’ of agency
Jeff Blade has served as the Indiana Economic Development Corp.’s executive director for less than a year.
Former credit union manager indicted on fraud charges
The former manager of a credit union branch in Indianapolis has been charged after investigators say she stole more than $350,000 from customer accounts.
$2M Geist home at heart of Drive Planning legal battle
Nearly a year after a federal judge placed Georgia-based financial firm Drive Planning LLC into receivership, the court-appointed receiver is still wrestling to gain control of the $2 million Geist mansion where the now-defunct firm’s managing partner lives.
Legal troubles at Jack’s Donuts concern some local franchisees
Since last fall, four creditors have sued Jack’s Donuts of Indiana Commissary LLC for money they say they’re owed. Of those four cases, two have resulted in judgments against Jack’s totaling just over $888,000.
Pittsboro residents ask court to halt planned Hendricks County data center
Pittsboro officials annexed the property into the town late last year. In March, Pittsboro’s town council unanimously approved Vantage’s request to rezone the land.
Customer lawsuit against Carmel-based CNO headed for trial
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.