Indiana ranks well in national fiscal report, earns a ‘B’
Truth in Accounting’s Financial State of the States report gave Indiana a ‘B’ grade, ranking it 15th in the nation.
Finances
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Money troubles: Federal judiciary issues new policies for financial disclosures
Given that what federal judges do with their money outside the courthouse has raised questions about whether they are ruling in favor of their financial interests inside the courtroom, the federal judiciary is making changes that members of the legal community and court observers say are good but do not go far enough.
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Disney returns to profit in third quarter as streaming business starts making money for first time
Disney returned to a profitable third quarter as its combined streaming business started making money for the first time and the movie Inside Out 2 did well in theaters.
The Republican leading the probe of Hunter Biden has his own shell company and complicated friends
Rep. James Comer has 6 acres that he bought in 2015. He transferred his ownership to Farm Team Properties, a shell company, and his own finances and relationships have begun to draw notice as a formal impeachment inquiry begins into President Joe Biden.
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.
Indiana budget regulators requiring state agencies to hold back 2% ‘management reserve’
Despite recent optimism about Indiana’s financial footing, budget regulators want all state agencies to hold back a “management reserve” of 2% in their next annual spending plans, according to a memo obtained by the Indiana Capital Chronicle.
Stricter financial disclosure rules start for Supreme Court justices, federal judges
There are a new financial disclosure requirements that Supreme Court justices and federal judges must follow, with regulations going into effect last month.
Manafort, US government settle civil case for $3.15 million
Paul Manafort, the former chairman of Donald Trump’s 2016 presidential campaign, has agreed to pay $3.15 million to settle a civil case filed by the Justice Department over undeclared foreign bank accounts.
Public database launched for easier access to federal judges’ financial reports
Members of the public can more easily access federal judges’ financial disclosure reports following the creation of a new public database.
15 of 17 securities fraud charges against 1 man upheld on appeal
A 17-count indictment against a man accused of securities fraud has largely been upheld on appeal, although the Court of Appeals of Indiana did order the dismissal of two of those charges on statute-of-limitations grounds.
Trump says he took the 5th in NY civil investigation
Donald Trump invoked the Fifth Amendment and wouldn’t answer questions under oath in the New York attorney general’s long-running civil investigation into his business dealings, the former president said in a statement Wednesday.
7th Circuit finds investment firm shielded from fiduciary duty claim by power of attorney
An opinion from a state appellate court that was issued while the Southern Indiana District Court was considering a motion to dismiss in a fiduciary duty dispute did not change the federal judge’s decision to grant the motion, but it did alter the reasoning on which the 7th Circuit Court of Appeals affirmed.
Appeals court: Congress can see some Trump financial records
A federal appeals court on Friday narrowed the range of documents House Democrats are entitled to in their yearslong investigation of Donald Trump’s finances.
Judge dismisses Trump’s lawsuit, allowing NY probe to go on
A federal judge on Friday dismissed Donald Trump’s lawsuit against New York Attorney General Letitia James, rejecting the former president’s claim that she targeted him out of political animus and allowing her civil investigation into his business practices to continue.
Judge: Trump must pay $110K, meet conditions to end contempt
A New York judge said Wednesday he will lift Donald Trump’s contempt of court order if the former president meets conditions including paying $110,000 in fines he’s racked up for being slow to respond to a civil subpoena issued by the state’s attorney general.
Westfield mayor, clerk treasurer end legal battle over access to city records
Westfield Mayor Andy Cook and Clerk-Treasurer Cindy Gossard have agreed to end a legal battle over the administration’s access to city records and how those records were handled as part of an investigation into the city’s finances.
Bankruptcy lawyers foresee flood of COVID-related filings
If you thought the COVID-induced recession would cause a spike in bankruptcy filings, you’d be wrong. In fact, according to one Indianapolis practitioner, “bankruptcies are in the toilet.” But that doesn’t mean bankruptcy practitioners are sitting idle, as existing clients still need their service. More than that, a wave of new clients is likely coming.
Former official for Carmel-based fraternity foundation sentenced to 27 months
The former financial coordinator of a charitable foundation operated by Carmel-based women’s fraternity Zeta Tau Alpha has been sentenced to more than two years in federal prison after pleading guilty to embezzling about $450,000 from the organization.
NY AG probes if Trump pumped up value of estate, assets
New York’s attorney general asked a court Monday to compel some of President Donald Trump’s business associates, including his son, Eric, to testify and turn over documents as part of her investigation into whether the president’s company lied about the value of its assets in order to get loans or tax benefits.
President’s power to can independent agency heads faces test
The Supreme Court is about to tell President Donald Trump whether he has more power to use a favorite phrase: “You’re fired.” A case being argued at the high court Tuesday could threaten the structure of agencies that form an enormous swath of the federal government. It has to do with whether a president can fire the heads of independent agencies for any reason.
Default judgment reversed in car dealership collections case
Default judgment against a former auto dealership executive has been set aside after the Indiana Court of Appeals found excusable neglect in an executive’s failure to adequately respond to a collections complaint.