Articles

Second round of settlement money coming to IOLTA

Indiana’s IOLTA program is preparing to receive a multi-million dollar boost. The money is coming from a second round of funding released as part of the settlement agreement with the Bank of America as a penalty for financial fraud during the mortgage foreclosure crisis.

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JPMorgan Chase agrees to $905,000 settlement with state

JPMorgan Chase has agreed to pay $905,000 in a settlement with Indiana officials over losses from mortgage-backed securities purchased in 2006, just before the controversial investment vehicle contributed to a national financial meltdown.

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Treatment of mentally ill prisoners changing

After more than seven years of litigation, the Indiana Department of Correction is instituting major changes by providing treatment and mostly eliminating solitary confinement for severally mentally ill prisoners.

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Judge OKs reworked NCAA concussions deal, with changes

A federal judge gave preliminary approval Tuesday to a reworked head-injury settlement between thousands of former athletes and the National Collegiate Athletic Association that includes a $70 million fund to pay for brain trauma testing and limits legal immunity for the nation's largest college sports governing body.

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Evans settles federal lawsuit related to AIT labs sale

A federal lawsuit that accused AIT Laboratories founder Michael Evans of breaching his fiduciary duties by selling the Indianapolis-based company to employees at an inflated price has been settled, the company announced Friday afternoon.

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