Indianapolis-based USA Gymnastics, under threat of being decertified by the U.S. Olympic Committee, filed for bankruptcy after running short of funds to pay victims of Larry Nassar’s sexual abuse.
New bankruptcy cases filed for the year ending September 2018 have seen more than a 2 percent decrease from the year prior, the lowest for any 12-month period since June 2007. Bankruptcy filings fell by 2.2 percent for the year end Sept. 30, 2018 compared to the year ending Sept. 30, 2017.
Proposed federal court rule changes released for public comment Wednesday would impose new duties on prosecutors who seek to introduce evidence of a criminal defendant’s prior crimes and on lawyers involved in depositions, among other changes.
A Terre Haute attorney who stole prescription drugs from a client’s girlfriend has been suspended from the practice of law in Indiana for at least a month and has been ordered to begin a Judges and Lawyers Assistance Program monitoring agreement.
A Detroit-based hotel operator has sued the Indianapolis Airport Authority and Infosys Ltd., alleging the authority and the tech company colluded to wrongfully terminate the hotel company’s lease to make room for Infosys’ proposed $245 million innovation hub development at the airport.
The bankruptcy trustee charged with trying to get a settlement for ITT Technical Institute’s students and creditors has filed a $250 million lawsuit against ITT Educational Services’ ex-CEO and eight of its former directors.
A federal judge in California ordered a law firm linked to Stormy Daniels’ attorney to pay $10 million on Tuesday to a lawyer who claimed that the firm had misstated its profits and that he was owed millions.
In a continuing trend, bankruptcy filings in 2017 continued to fall, but at a slower rate than any time since 2010, a new report issued by the U.S. Courts says.
A group representing the unsecured creditors of HHGregg has filed suit against Andretti Autosport in an attempt to claw back nearly $1.5 million in sponsorship money the now-defunct retailer paid the racing team in the months leading up to its bankruptcy.
A South Bend man had no standing to challenge the assignment of loan documents and therefore was not entitled to relief from judgment in a mortgage foreclosure, the Indiana Court of Appeals ruled Wednesday.
A now-bankrupt telecommunications provider cannot avoid making payments invoiced by its supplier prior to the filing of an involuntary bankruptcy petition because the supplier has a legitimate defense under the “new value” concept in U.S. Bankruptcy Code, the 7th Circuit Court of Appeals has ruled.
The two Ohio-based grocery chains that agreed to purchase 26 stores from Marsh Supermarkets have reached a settlement with pharmacy giant CVS Health, getting them a step closer to finalizing the transaction totaling $24 million.
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.
A divided U.S. Supreme Court has ruled that debt collectors can use bankruptcy proceedings to try to collect liabilities that are so old the statute of limitations has expired.
A northern Indiana attorney who was involved in a Florida-based legal scheme that purported to assist clients in foreclosure and bankruptcy matters has been suspended from the practice of law for 30 days, the second of five Indiana attorneys involved with the Florida group to be disciplined by the Indiana Supreme Court.
Bankruptcy filings hit a 10-year low nationwide in 2016, a new federal judiciary report shows.
A group of former ITT Educational Services Inc. students are seeking legal recognition as creditors in ITT’s ongoing bankruptcy case.
The lack of expert testimony in a yearslong bankruptcy case led to the appropriate grant of summary judgment to an Indiana attorney, the Indiana Court of Appeals found Tuesday.
General Motors Co. is asking the U.S. Supreme Court to overturn a lower court's ruling that held it responsible for ignition-switch injuries and deaths that occurred before its 2009 bankruptcy.
The student records are only one aspect of this bankruptcy. There are employee records, pension benefits, 401(k) retirement funds plus lawsuits previously filed by federal agencies and some states’ attorneys general.