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.
Business Law
Articles
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.
Court: Menard founder doesn’t owe ex-fiancee ownership share
The founder of the Menards building supply chain doesn't have to give his ex-fiancee ownership interest in the company, an appeals court ruled Tuesday.
Judge blocks release of Trump’s video testimony
A federal judge who has been a target of Donald Trump's repeated scorn on Tuesday denied a media request to release videos of the Republican presidential candidate testifying in a lawsuit about the now-defunct Trump University — images that Trump's attorneys had argued would have been used to tarnish the campaign.
Treasury corporate-debt rules exceed authority, tax lawyers say
The U.S. Treasury Department exceeded its authority by proposing wide-ranging regulations intended to curb corporations’ ability to shift their American earnings overseas, tax lawyers told agency officials during a hearing.
Wells Fargo’s partial tax victory may spur billions in refunds
Wells Fargo & Co. got less than it wanted in a federal tax-refund lawsuit, yet the bank’s partial victory may spur billions of dollars in similar refund claims from companies that have done repeated mergers and acquisitions, tax lawyers say.
Judge declines to dismiss $6.5M Andy Mohr jury award
A federal judge in Indianapolis has refused to dismiss a $6.5 million jury verdict awarded to Andy Mohr Truck Center in its long-running dispute with Volvo Trucks North America.
Dell shareholders win hollow court victory over buyout price
Dell Inc. shareholders who thought they were fleeced by the deal that took the computer maker private in 2013 have scored a rare — though hollow — legal victory.
Staples, Office Depot scrap merger after judge blocks deal
Staples and Office Depot said Tuesday they are scrapping their planned $6.3 billion merger after a federal judge blocked the deal, saying the government had made the case that the combination would likely hurt competition in office supplies.
Wal-Mart sues Visa over chip-enabled debit cards
Wal-Mart Stores Inc. has sued Visa Inc., charging that the payment network is not allowing the retail giant to let customers verify chip-enabled debit card transactions with what it believes is a more secure method: personal identification numbers.