Banks rejected by Supreme Court in municipal bond price-fixing case
The U.S. Supreme Court refused to block a class action lawsuit that seeks billions of dollars from Bank of America Corp., JPMorgan Chase & Co. and other financial institutions.
Bonds
-
Immigrant detainees denied bond hearings under new ruling
For immigrants detained by U.S. Immigration and Customs Enforcement, the legal option of seeking a bond hearing used to be a routine course of action.
Read More
Articles
Lugar Tower resident files new complaint alleging unsafe living conditions at apartments
A new lawsuit has been filed on behalf of a resident at Lugar Tower Apartments demanding that professional security be restored at the facility during daytime hours to protect residents.
Mug shot of Donald Trump shows scowling former president during speedy booking at Atlanta jail
A scowling Donald Trump posed for a mug shot Thursday as he surrendered inside a jail on charges that he illegally schemed to overturn the 2020 election in Georgia, creating a historic and humbling visual underscoring the former president’s legal troubles.
COA: Common law duty of good faith doesn’t extend to surety-obligee relationship
The common law duty of good faith that applies to insurance does not extend to the relationship between a surety company and bond obligee, the Court of Appeals of Indiana has ruled.
FTX founder Bankman-Fried allowed $250M bond, house arrest
Cryptocurrency entrepreneur Sam Bankman-Fried walked out of a Manhattan courthouse Thursday with his parents after they agreed to sign a $250 million bond and keep him at their California home while he awaits trial.
Man charged with 41 felonies loses bond reduction appeal
A man facing 41 felony charges will not have his bail reduced after the Court of Appeals of Indiana determined the consequences of his case could prove “severe.”
COA: Trial court failed to meet pretrial risk assessment requirements
A trial court abused its discretion when it denied an Elkhart County man’s motion to reduce bail because it failed to order and consider the results of a pretrial risk assessment report, the Indiana Court of Appeals has ruled.
Bail bondsman released from order to repay $20,000 bond
A bail bondsman has been freed from an order to pay up on a $20,000 bond he posted several years ago after the Indiana Court of Appeals reversed upon finding the bond had expired and was no longer forfeitable.
Corruption dispute between Marion, financial adviser headed to trial
A dispute between a city administration and a financial advising group that allegedly contributed to corruption in the city is headed to trial after the Indiana Supreme Court reversed the award of summary judgment for the adviser.
Six-day delay in initial appearance was improper, but prejudice not shown, COA rules
Although a trial court should not have allowed a six-day delay in a defendant’s initial appearance, the Indiana Court of Appeals upheld the denial of the defendant’s motion to reduce bail because he did not establish prejudice. A concurring judge, however, cautioned that restraint should be used when “extending” Supreme Court precedent.
Police allege man left explosive device at Terre Haute police station
A 50-year-old man was arrested Saturday for allegedly leaving an improvised explosive device and causing a fire outside the Terre Haute Police Department.
Police: Charlestown man torched family’s house after argument
A southern Indiana man faces attempted murder and arson charges after he allegedly set fire to his family’s home while several relatives were inside, police said.
COA partially reverses for financial adviser in Marion development dispute
The Indiana Court of Appeals has partially reversed in favor of a financial adviser in a dispute with the city of Marion after years were wasted on a construction project that was projected to cost millions of dollars.
Indy Bond Bank recognized for Community Justice Center bonds
The Indianapolis Local Public Improvement Bond Bank has been announced as one of 10 regional winners of the 2019 “Deal of the Year” award for its achievement in municipal finance and is also a finalist for the national Deal of the Year Award. As the Midwest region winner, the Indianapolis Bond Bank was selected for its $625 million issuance of bonds for the new Community Justice Campus being built in the Twin Aire neighborhood southeast of downtown Indianapolis.
Muncie woman arrested after death of baby with burns, fractures
A central Indiana woman has been arrested following the death of her young daughter who authorities say had burns on most parts of her body, multiple bone fractures and apparently was malnourished. Thirty-two-year-old Sarah Ann Styhl of Muncie is jailed in Delaware County on $50,000 bond and is preliminarily charged with neglect of a dependent resulting in death.
S. Indiana man hears charges in chase that killed Charlestown officer
Benjamin Eads of Freedom appeared in court Monday in Scott County on charges including auto theft and resisting law enforcement, which led to a death. Authorities say Eads fled a traffic stop on Dec. 12, triggering a police chase during which Charlestown Officer Benton Bertram’s vehicle struck a tree. Bertram was pronounced dead at the scene.
Reversal: Bonded projects not ‘completed’ under language of agreement
The Indiana Court of Appeals reversed and remanded the grant of summary judgment in favor of an investment firm after it found that a series of bonded projects were not completed within the scope of the meaning of “completion” as set forth by an agreement between the litigants.