« Ind. Law - Impact of the decision in Heller on Indiana (and Chicago) | Main | Ind. Courts - "United States Senate Confirms William T. Lawrence as District Judge" »
Friday, June 27, 2008
Ind. Gov't. - "Crown Point hires Indy law firm to recover loan money"
Kathleen Quilligan reports today in the NWI Times in a story that begins:
CROWN POINT | The Crown Point Development Corp. will use Indianapolis-based law firm Ice Miller to attempt to recover $380,000 the city loaned to New York-based Plasmatronics.City Attorney David Nicholls said paperwork for litigation against the company has not been filed yet but he expects it will be filed soon.
In a June 6 letter to Nicholls, Ice Miller attorney Fred Biesecker outlines the scope of the legal work for which Ice Miller has been hired and how much it will cost the city. The letter explains the firm may pursue litigation against Plasmatronics Inc., Plasmatronics LLC, and company owners Linda A. Decker and Lonnie P. Lenarduzzi, who signed personal guarantees to obtain the loan.
The firm will charge the city hourly with attorney Phil Whistler's fee at $410 an hour and Biesecker's fee at $395 an hour. The hourly rates of the firm's associates who could work on the case range from $205 to $265 an hour.
In April, the Crown Point Redevelopment Commission and the Development Corp. both unanimously voted to pursue all available avenues to recover the $380,000 after the company terminated its relationship with the city.
Posted by Marcia Oddi on June 27, 2008 09:52 AM
Posted to Indiana Government