The Indiana Department of Insurance says lower workers’ compensation rates paid by businesses will take effect Jan. 1. The agency said Wednesday the recently approved reduction averages 7.6 percent and will save businesses about $63 million.
Understanding the conclusions reached in a business valuation report requires a basic knowledge of the economic theory underpinning the generally accepted valuation approaches. Familiarity with the concept of levels of value will also aid in understanding the conclusions reached by a BV professional.
A man who won a judgment that he was covered by his auto insurance’s uninsured motorist policy after a crash that left him a quadriplegic lost the ruling in his favor Wednesday. The Indiana Court of Appeals decision could cost him millions of dollars that a jury awarded in a separate trial.
The Indiana Court of Appeals has upheld a $78 million judgment in favor of the state and against IBM Corp. that was awarded as part of a long-running legal battle stemming from IBM’s breach of a contract to redesign the state’s welfare system in 2006. But the court also ordered the state to pay post-judgment interest to IBM on a $49.5 million damages award it previously received, overturning a lower court ruling on that issue.
An Indiana trial court must recalculate the amount of damages that must be paid by a couple who defaulted on a real estate contract after an appellate panel determined the trial court erred in allowing for both a forfeiture and foreclosure remedy for the default.
A former western Indiana school chief faces three felony counts of bribery for allegedly accepting gifts from a vendor.
The Indiana Court of Appeals reversed a decision granting summary judgment in favor of two companies who purchased real estate in a sale that was voided after the seller was found to have no authority to sell it.
A case before the Indiana Court of Appeals is at least the third pending suit involving Rainbow Realty and its rent-to-buy program. The Indiana Attorney General filed a complaint in Marion Superior Court in January 2013, and the Fair Housing Center of Central Indiana filed a class action in the U.S. District Court for the Southern District of Indiana in May 2017.
Evansville-based Imperial Petroleum Inc. has been ordered to pay nearly $32 million to the Securities and Exchange Commission after it failed to reply to the SEC’s court filings seeking damages in a biofuels fraud case that resulted in prison time for the former company president.
A former Hoosier who moved to Florida will get to keep his money after the Indiana Court of Appeals found an order from a Wisconsin state court was void because the Badger State judicial system did not have personal jurisdiction.
The Indiana Court of Appeals upheld a decision denying the dissolution of a preliminary injunction involving two manufacturing companies, finding that if dissvoled, one company would be at risk of suffering irreparable harm.
A disbarred Indiana attorney who was convicted of mail fraud and sentenced to two years in federal prison after stealing more than $330,000 from a grocery store receivership has lost his appeal of both his conviction and sentence.
The latest installment in a years-long legal saga between the state and IBM, Inc. came before the Indiana Court of Appeals on Tuesday, when the parties argued over the awards of damages and what, if any, significant changes were made to the state’s welfare system after Indiana terminated its contract with IBM and developed its own claims-processing system.
It was a decision that surprised few, but disappointed many. The United States Supreme Court ruling in Janus v. AFSCME, 585 U.S. ___ (2018), delivered a victory to right-to-work advocates but a blow to labor unions, holding that public sector, non-union employees cannot be forced to pay union dues.
Calling all business litigators! We’re bringing together more than 15 of the brightest legal minds in business litigation for the top-notch Advanced Business Litigation Summit on September 12.
There are important distinctions between LLCs and corporations that should be analyzed when deciding between the two forms. These distinctions include legislative policy considerations, business formalities, tax implications, litigation, creditor rights and others.
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.
When the Indiana Alcohol Code Revision Commission heard public testimony for the first time ahead of the 2019 legislative session on Friday, members of the Indiana legal and business community came forward to discuss the topic that has emerged as one of the most important for the commission to grapple with: how long alcohol permits can be held in escrow before being revoked.
A contract between two Hoosier trucking companies requiring any litigation between them to be filed in Texas and not Indiana was enforceable and valid, the Indiana Court of Appeals affirmed Thursday.
In reviewing the recently ended U.S. Supreme Court term that included several landmark cases and three reversals of precedent, retired 7th Circuit Court of Appeals Judge John Tinder finally had to quote baseball legend Yogi Berra as to what might happen in the 2018 term.