Sales-tech firm Kennected facing lawsuit from creditor
Ultimo Global Holdings LLC alleges that the company has defaulted on a $1 million promissory note.
Susan Orr, Indianapolis Business Journal
Articles
Ex-Noblesville businessman faces federal money-laundering indictment
A federal grand jury has returned a superseding indictment that charges Maximiliano Pilipis, 53, with five counts of money laundering and two counts of willfully failing to file a tax return.
Carmel financial firm, CEO face another investor lawsuit
A Mooresville investor is alleging that Carmel-based retirement planning firm ReJoyce Financial LLC and CEO Alexander Joyce misappropriated more than $200,000 that she had deposited with the firm to invest on her behalf.
Indiana’s tech sector saw boost in venture investing activity in 1Q, report says
Indiana’s tech companies landed a combined $348.8 million in venture funding last quarter, which was the strongest first-quarter activity since recordkeeping began in 2015, TechPoint says.
FullBeauty Brands faces patent litigation over swimsuit styles
FullBeauty Brands Inc., an online apparel retailer with a significant Indianapolis presence, is facing a lawsuit alleging that several of its swimsuits too closely resemble a competitor’s products.
Companies seek liability protection for top execs
A growing number of companies in Indiana and elsewhere are hoping to offer new legal protection for top executives following a 2022 change in Delaware’s corporation law.
Old National places CFO on leave following criminal charges
Evansville-based Old National Bank disclosed Monday that it has placed its chief financial officer, Brendon Falconer, on leave. Falconer was charged last week with two counts of felony child molestation.
Former Indianapolis-area insurance broker agrees to guilty plea in $4M Ponzi case
Former insurance broker Brian Simms of Lebanon, who was accused of misappropriating nearly $4 million in client funds in a “Ponzi-like” scheme, has agreed to plead guilty to one count of wire fraud.
Cummins faces shareholder and customer lawsuits after $2B settlement
Cummins Inc. is facing multiple lawsuits from shareholders and Dodge Ram truck owners after the company agreed to pay $2 billion late last year to settle allegations that it unlawfully altered hundreds of thousands of pickup truck engines.
Experts say 2023’s sluggish venture activity could last well into 2024
A combination of higher interest rates, the ongoing tech industry downturn and general market uncertainty put a damper on venture investment activity last year, both in Indiana and nationwide—and observers say they don’t expect the situation to improve much this year.
Cease-and-desist order issued against Carmel financial firm, CEO
The Indiana Secretary of State’s office has issued a cease-and-desist order against Carmel-based retirement planning firm ReJoyce Financial LLC and its CEO Alexander Joyce, alleging that Joyce used nearly $2.6 million in client funds for his personal gain.
Judge orders asset freeze for shopping-center owner accused in SEC fraud case
A federal judge has issued a temporary restraining order and asset freeze against Arizona-based real estate company ArciTerra Cos. LLC and its founder, Indiana native Jonathan Moynahan Larmore, who are facing federal fraud allegations.
Cummins agrees to pay nearly $1.7B to settle federal Clean Air Act investigation
Cummins Inc. will pay $1.675 billion to settle allegations that the engine-maker violated the Clean Air Act, the company announced Friday.
Purdue wins $32.5M in patent-infringement lawsuit
A Texas jury this week awarded Purdue University $32.5 million in damages in its patent infringement lawsuit against an international microelectronics company.
Former Indy-area financial planner to plead guilty in $4.7M fraud case
A former financial planner at Carmel-based Valeo Financial Advisors has agreed to plead guilty to two criminal charges related to the misappropriation of $4.69 million in client funds.
Deadline looms on estate-tax option
A December 2025 deadline might seem far away — but for those who qualify for the estate-tax provision of the Tax Cuts and Jobs Act, now’s the time to decide whether and how to reduce the size of their estates.
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.
Former Celadon execs to pay $50K to settle accounting fraud case
Former Celadon Group Inc. executives Eric Meek and Bobby Peavler have each agreed to pay a $50,000 civil penalty to settle accounting fraud complaints filed against them by the Securities and Exchange Commission more than three years ago.
Stifel sues rival financial firm over mass exodus from Indianapolis office
St. Louis-based Stifel, Nicolaus & Co. Inc is suing a newly formed Indianapolis firm, Sapient Capital LLC, following what Stifel describes as Sapient’s “orchestrated raid” of Stifel’s 96th Street office.
Republic Airways takes legal action against former flight students
Against the backdrop of a red-hot job market, Indianapolis-based Republic Airways Inc. and its flight school have taken legal action against a dozen former students who the airline says failed to honor their commitment to fly for Republic after graduation.