Red Lobster ‘misses the boat’ on negligence appeal, COA affirms
Seafood restaurant group Red Lobster LLC could not net a reversal from the Court of Appeals of Indiana on a ruling denying its motion for summary judgment in a negligence case.
Bankruptcy
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Bankruptcy filings decrease in Indiana, with slight uptick nationwide
Bankruptcy filings in Indiana dipped in the 12-month period ending March 31, even as filings nationwide saw a slight increase, data from the Administrative Office of the U.S. Courts show.
Individual bankruptcy filings see steep increase in 2022, bucking overall trend
Filings for bankruptcy protection continued to fall nationwide last year — with the exception of individual Chapter 13 filings, which increased significantly.
Settlement reached in civil suit against former Celadon execs
The U.S. Securities and Exchange Commission has reached a settlement in its civil case against former Celadon Group Inc. executives Eric Meek and Bobby Peavler, who were both accused of engaging in fraud before the Indianapolis-based trucking company filed for bankruptcy and ceased operations in 2019.
7th Circuit revives bankruptcy collections dispute, overturns little-used ‘transfer’ precedent
The 7th Circuit Court of Appeals has revived a bankruptcy collections dispute, remanding the case to resolve a trustee’s petition to recover funds paid to a creditor. In doing so, the appellate court overturned a 39-year-old precedent.
Notre Dame Law dean, Chapter 13 Trustee among bankruptcy fellows
Notre Dame Law School Dean Marcus Cole and John Hauber, Chapter 13 Trustee for the Indiana Southern District, will be among the 39 new fellows inducted into the American College of Bankruptcy in March 2023.
Bankruptcy filings continue decreasing nationwide, in Indiana
Filings for bankruptcy protection are continuing to drop nationwide, with personal and business bankruptcy filings falling 11.7% for the 12-month period ending Sept. 30.
COA rules for distillery in spirited legal battle with distributors
The sale and distribution of alcohol — or lack thereof — sat squarely in the middle of a legal battle fought between the product’s manufacturer and distributors, with the Court of Appeals of Indiana ruling for the beverage producer.
COA rules dispute over agreement with former Celadon Group must move to Delaware courts
The Court of Appeals of Indiana has reversed a decision against the now-bankrupt Celadon Group, forcing a trucking company that tried to purchase certain assets from the Indianapolis-based business to refile its complaint in the state of Delaware.
Judge approves $2.46B Boy Scouts reorganization plan
A bankruptcy judge on Thursday approved a $2.46 billion reorganization plan proposed by the Boy Scouts of America, which would allow it to keep operating while compensating tens of thousands of men who say they were sexually abused as children while involved in Scouting.
Product-liability lawsuits against 3M can proceed, Indianapolis judge rules
Indianapolis-based Aearo Technologies LLC’s recent bankruptcy filing won’t shield its corporate parent 3M Co. from the massive flood of product-liability lawsuits over Aeros’ military earplugs, a judge has ruled.
7th Circuit affirms insurance co. must pay USA Gymnastics ‘reasonable and necessary’ fees incurred from Nassar-related claims
An insurance company that balked at representing USA Gymnastics against lawsuits stemming from Larry Nassar’s sexual abuse of hundreds of female athletes has failed in its challenge to an order that it pay significant fees to the Indianapolis-based athletic organization.
Bankruptcy filings still falling, reversal expected
Even as Americans are paying more at the gas pump and grocery checkout, filings for bankruptcy protection have continued to decline, dropping 17.7% nationally and 19.1% in the 7th Circuit for the year ending June 30, 2022.
Fishers man accused of selling $230M in dubious financial products
A Fishers man is facing a tangle of legal issues related to accusations that he was involved in the nationwide sale of more than $230 million in questionable financial products.
7th Circuit determines $435K arbitration award was money judgment, not property interest
A $435,000 arbitration award was a money judgment that is subject to discharge in a bankruptcy case, the 7th Circuit Court of Appeals ruled in a dispute between ex-spouses.
Bankruptcy filings fall again in 2021, holding off expected ‘wave’
Bankruptcy filings fell again in 2021, dropping 24% nationwide, according to newly released data from the Administrative Office of the U.S. Courts.
7th Circuit affirms for ruling collections company in credit information dispute
A collections company’s compliance procedures were reasonable and met the requirements of the Fair Credit Reporting Act in its pursuit of collecting from an Indiana woman, the 7th Circuit Court of Appeals has ruled.
USA Gymnastics reaches $380M settlement with Nassar victims
The legal wrangling between Indianapolis-based USA Gymnastics and the victims of sexual abuse by former national team doctor Larry Nassar, among others, is over. The fight for substantive change within the sport’s national governing body is just beginning.
Bankruptcy filings still falling but increase could be coming
Bankruptcy filings are continuing to plunge, falling nearly 30% for the 12-month period that ended Sept. 30. But the downward trend could be the calm before the storm.
Investors lose appeal in lawsuit against Fair Finance lender
Victims of Indianapolis businessman Tim Durham, who was convicted in 2012 of running a Ponzi that defrauded investors out of $200 million, have hit another roadblock after the 6th Circuit Court of Appeals rejected an attempt to recoup some of their losses.