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Settlement

Settlement

ARTICLES

Judge orders insurance CEO to attend settlement conference

Despite repeated objections, an insurance company’s CEO has been ordered to personally attend an upcoming settlement conference in a contractor’s defamation suit against the insurer. Nationwide Insurance CEO Stephen R. Rasmussen failed to persuade either a magistrate judge or the presiding judge that his presence was unnecessary at a settlement conference in a lawsuit brought by ARAC Roof it Forward.
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Celadon ordered to pay $42 million after admitting securities fraud

Indianapolis-based trucking company Celadon Group Inc. has agreed to pay $42.2 million in restitution to settle securities fraud charges announced Thursday by the U.S. Department of Justice. Under the settlement, the company acknowledged “filing materially false and misleading statements to investors and falsifying books, records and accounts,” federal prosecutors said.
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COA grants ex-wife full equalization payment from farm sale

Despite a man’s assertions that a trial court erred in denying his motion to correct error regarding the split of marital assets, the Indiana Court of Appeals found no such error occurred against him. Rather, it found error occurred against his ex-wife when she did not receive the full equalization payment after selling their farm.
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