Trump officials temper expectations for 15 percent corporate tax rate
Two top Trump administration officials said it may not be possible for President Donald Trump to deliver on his plan to cut corporate tax rates to 15 percent.
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COA affirms summary judgment for Keystone Construction on judicial estoppel grounds
A man who failed in his divorce agreement to claim an ownership interest in the Indianapolis company he worked for is now judicially estopped from asserting that interest in a lawsuit, the Indiana Court of Appeals has ruled.
Court split over whether shareholder siblings can pursue direct action against brother
A divided Indiana Court of Appeals has affirmed a grant of summary judgment that prohibited three siblings from pursuing a direct action against their brother, finding the rule prohibiting shareholders from bringing direct actions to redress an injury to their family corporation barred their action.
Simon pays $945,000 to settle N.Y. antitrust probe
New York Attorney General Eric Schneiderman has reached an antitrust settlement with Simon Property Group that requires the Indianapolis-based real estate giant to pay $945,000 and revise lease terms of tenants at its popular Woodbury Common Premium Outlets.
Simon pays $945,000 to settle N.Y. antitrust probe
New York Attorney General Eric Schneiderman has reached an antitrust settlement with Simon Property Group that requires the Indianapolis-based real estate giant to pay $945,000 and revise lease terms of tenants at its popular Woodbury Common Premium Outlets.
Rewrite of business organization laws provides uniformity, clarity
All it took to simplify Indiana’s business organization laws was a 149-page bill.
Trump administration calls for overhaul of Wall Street rules
The Trump administration laid out its highly anticipated plan for overhauling bank rules, calling on the government to ease, though not eliminate, many of the strictures that were imposed on Wall Street after the financial crisis.
Lindman: Determining where to incorporate after TC Heartland
Recently, the Supreme Court of the United States made the problem of deciding where to incorporate a little more complicated. Sure, your client could still choose Delaware for its well-developed business laws. But how does Delaware stack up in patent litigation?
Right of first refusal splits Court of Appeals
A dispute over contract language divided the Indiana Court of Appeals to the point where judges could not agree whether the case was one of first impression.
GOP-led House panel votes to overhaul Dodd-Frank
House Republicans took a major step toward their long-promised goal of unwinding the stricter financial rules created after the 2008 crisis, pushing forward sweeping legislation that would undo much of President Barack Obama's landmark banking law.
Local Roche units sue pharmacies over alleged test-strip scheme
Two Indianapolis-based subsidiaries of Swiss pharmaceutical giant Roche Group are accusing a group of pharmacies and supply houses of engaging in an elaborate scheme to defraud Roche of millions of dollars in sales on diabetes test strips.
7th Circuit denies Brazilian man’s motion for emergency stay
The 7th Circuit Court of Appeals has denied a Brazilian businessman’s motion for an emergency stay while a suit against him is pending in Brazil, finding that the man has failed to provide sufficient information to show that the Brazilian and Indiana suits are duplicative.
COA allows accountant malpractice claim to continue
The Indiana Court of Appeals has allowed an accountant malpractice claim to continue after holding that the economic loss rule and provisions with a contract do not bar a tort complaint.
COA reverses summary judgment in third appeal in business case
In the third appeal regarding alleged business relationships between several men, the Indiana Court of Appeals has reversed summary judgment for the owners of the business in question, holding that there remains a genuine issue of material fact as to whether the other men suffered damages when they were denied ownership interests.
7th Circuit upholds judgment in favor of nonprofit’s board of directors
The 7th Circuit Court of Appeals has upheld summary judgment in favor of a sister on the board of directors of a family foundation after finding that her brother lacked standing to bring either individual or derivative claims on behalf of the corporation.
COA upholds denial of IRA garnishment
The Elkhart Superior Court was within its discretion when it asserted a garnishment exemption on a debtor’s behalf because there are exceptions that allow a debtor to receive the benefit of an exemption without asserting it, the Indiana Court of Appeals decided Tuesday.
Lawsuits over Trump business threaten to tie up presidency
As a businessman, Donald Trump has kept the courts busy. That's hardly likely to change when he enters the Oval Office, creating an unusual and potentially serious problem for a sitting president.
Trump to step down from business; will not divest ownership
President-elect Donald Trump will leave his positions at the various companies of the Trump Organization, but he will not divest his ownership, said an attorney familiar with efforts to address his potential conflicts of interest.
Some Indiana employers abiding by overtime rule, even though it’s in limbo
The Obama administration’s new overtime rule is held up in federal court, but that hasn't stopped some Indiana employers from instituting changes to comply with the law.
Interactive investor files class-action suit against $1.4B sale
An Interactive Intelligence Inc. shareholder has sued the Indianapolis-based company and its board members over the firm's forthcoming $1.4 billion sale to another company, claiming that Interactive's value far exceeds the price and that the deal precluded competing offers.