‘Flavor of the month’: VC funding in AI is on the rise, but for how long?
The conversation around artificial intelligence continues to swirl, including in the world of venture capital.
Investors
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Economic excitement: Immigration law firm plans to boost businesses, communities with foreign investors
Marco Moreno was introduced to the idea of economic development by watching a rundown, forgotten neighborhood in Indianapolis get a second chance. He came to the Circle City to study law and was intrigued by the neighborhood redevelopment work. A few years later, his interest was reignited when he learned how regional centers were boosting international funding for projects designed to grow businesses and help communities in the United States. Now the immigration attorney is running a unique regional center in Indianapolis.
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Investors say they are owed money from life settlements
The Indiana Secretary of State’s Securities Division is investigating multiple complaints it has received against Roger Dobrovodsky and/or his business entities.
Business backlash pushing GOP to weaken anti-ESG proposals
Conservative Republicans who want to thwart socially and environmentally conscious investing are now being pushed to water down their proposals after backlash from powerful business groups and fears that state pension systems could see huge losses.
Ex-U.S. Rep. Buyer of Indiana goes on trial over stock buys
Former U.S. Rep. Steve Buyer of Indiana went on trial Wednesday on insider trading charges, accused of illegally garnering stock windfalls by exploiting his consulting clients’ corporate secrets years after he left Congress.
Bill targeting ESG investing for public pensions passes Indiana House
A controversial proposal cracking down on alleged ESG investing in public pensions — while supporting “discriminated” businesses in contentious industries — passed the Indiana House mostly along party lines Monday.
Indiana House Republicans take aim at ESG investing
House Republican leadership appears poised to dive into culture war issues again when the legislative session starts in January, setting a target on ESG investing—or environmental, social and government-focused investing—within the Indiana Public Retirement System.
Indianapolis man found guilty of securities fraud
An Indianapolis businessman who was accused of taking part in a Ponzi-like scheme that robbed numerous investors of their retirement savings has been convicted of conspiracy to commit securities fraud and wire fraud, federal authorities announced Monday.
AP source: Ponzi schemer Bernie Madoff dies in prison
Bernie Madoff, the financier who pleaded guilty to orchestrating the largest Ponzi scheme in history, died in a federal prison early Wednesday, a person familiar with the matter told The Associated Press.
Investor loses appeal of ruling in favor of futures association
A derivatives investor whose longtime association with a trader soured before the trader was barred from dealing in commodity futures lost his appeal of a ruling in favor of the entity that regulates those traders.
Split COA reverses award of stock following divorce mediation
A woman who was awarded half of a $122,000 stock account held by her former husband after the couple entered into a mediated divorce settlement agreement that didn’t mention the account was stripped of that share of the stock account on appeal Wednesday. However, a dissenting judge would have affirmed the grant of money to the ex-wife.
Filing: Victims deserve ex-Colt quarterback’s concussion funds
Multiple individuals defrauded in a scheme perpetrated by an ex-Ohio State and Indianapolis Colts quarterback and his accomplice should receive money from the former player’s share of a national concussion settlement, an Ohio prosecutor argues.
Supreme Court rules SEC can recoup money in fraud cases
The Supreme Court on Monday preserved an important tool used by securities regulators to recoup ill-gotten gains in fraud cases.
Barnes & Thornburg opens New York City office
Indianapolis-based Barnes & Thornburg now has a New York address, opening an office in the Big Apple as part of its plan to grow its footprint and expand its corporate, litigation and white collar practices.
Supreme Court declines to take Bernie Madoff trustee case
The Supreme Court of the United States is leaving in place a ruling that allows the trustee recovering money for investors in the Bernard Madoff Ponzi scheme to pursue more than $4 billion that went to overseas investors.
Reversal: COA rules for gas installer company’s founder in valuation dispute
An appellate panel reversed in favor of the founder of a natural gas installation company after it found the value of his shares under a buyback provision in a company agreement couldn’t be discounted for lack of marketability and control.
Businesses increasingly feeling heat to disclose climate risks
The national and international conversations about the impacts of climate change have focused largely on initiatives designed to curb greenhouse gas and other potentially harmful emissions. But there’s also an increasingly popular business aspect to the conversation.
Lawsuit claims former ClearObject owners overstated revenue projections by millions
The former majority owners of Fishers-based tech firm ClearObject — including high-profile exec John McDonald — have been sued by investors who bought an 80% stake in the company in early 2019.
Victims to collect money soon in Veros case
Efforts to clean up what the Securities and Exchange Commission alleged was an $8.6 million Ponzi scheme perpetrated by Indianapolis-based Veros Partners Inc. are entering their final stages, with all but one defendant having reached a settlement and the company’s receiver preparing to make his first distribution to affected investors.
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.