Eclipse Bank sues former officer over Insider story
Louisville-based Eclipse Bank has sued a former officer, asserting that in statements to Insider Louisville he breached his contract, interfered with business relations and violated the Kentucky Trade Secrets Act. The former officer’s attorney has asked that the complaint be dismissed because of First...
Former Eclipse Bank officer files sex/age discrimination lawsuit
A former Eclipse Bank officer asserts in a lawsuit that the financial institution discriminated against her on the basis of gender and age when it hired a younger, less qualified male candidate as president in March. Sheryl Rainey, 49, former senior vice president of treasury...
Ex-prof sues UofL, alleges fraud, breach of contract
A former assistant professor at the University of Louisville says the institution committed fraud when it offered him employment with incentives it knew it could not afford. Matt Bohm, a former assistant professor of mechanical engineering at UofL’s J.B. Speed School of Engineering, has...
The Closing Bell: Feds investigating Humana, other insurers; Barret Avenue coffee shop closes; medical malpractice law applauded; and more
Welcome to The Closing Bell. This is your last stop for biz scoops and big news before the weekend — a roundup of stories that can’t wait till Monday. Feds investigating whether insurers defrauded Medicare Federal authorities said they are investigating Humana and four...
Judge blocks Aetna-Humana merger deal on antitrust grounds
U.S. District Judge John D. Bates blocked the proposed merger deal of health care giants Aetna and Humana on Monday, saying that such a merger would violate antitrust law by significantly reducing competition in the marketplace. “The Court concludes that the proposed merger is...
Monday Business Briefing: Investors give thumbs up for Aetna+Humana; GLI is hiring; Louisville Cream’s NuLu plans; Sunday night dancing; and more
Welcome to the Jan. 16 Monday Business Briefing, your private business intelligence digest from Insider Louisville. Investors more bullish on prospects of Aetna-Humana merger Investors have become confident about the prospects of the proposed merger between Aetna and Humana. A judge’s ruling on the...
Humana, Aetna, Feds dig in as antitrust trial nears
In pretrial documents, Aetna and Humana contend that the federal government’s lawsuit to block the companies’ proposed merger relies on faulty economic modeling that belies “real-world facts.” The Department of Justice countered that the insurers had offered “no basis for concluding that consumers would...
AT&T touts fiber internet expansion in Louisville amid lawsuit against city over Google Fiber ordinance
AT&T is expanding 1-gigabit internet service to customers in and around Louisville — a city the company currently is suing due to an ordinance enticing Google Fiber to bring the same ultra high-speed internet here. During a Tuesday press conference attended by city officials, AT&T Kentucky president Hood...
Humana, Aetna: Justice Department does not understand insurance market
Health insurers Humana and Aetna said that the federal government’s lawsuit to stop their proposed merger is based on “fundamental misconceptions of marketplace realities.” The companies on Friday filed their responses to a U.S. Department of Justice lawsuit that attempts to block their proposed...
Aetna, feds exchange barbs
The battle between health insurance giants and the federal government is intensifying. As some insurers, including Aetna and Humana, are fleeing the Affordable Care Act exchanges, the federal government said Thursday that it’s not surprising some companies are struggling now that they have to compete...
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February 17, 2019
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