Biomet Judgment Cut In Half
A judge has reduced the financial judgment against Biomet in a case against Orthofix. According to the ruling by the trial court judge, Biomet will pay $50 million instead of $100 million in punitive damages. In June, a U.S.District jury in New Jersey ruled that Biomet and its subsidiary, EBI, breached a distribution contract with Orthofix SRL. The jury ruled that EBI's development of a new and substantially improved external fixation system, known as Dynafix System, prior to expiration of a contract with Orthofix constituted breach of distribution agreement. The jury awarded compensatory damages of $49 million and punitive damages of $100 million. Biomet is still appealing the compensatory damages. Within 20 days, Orthofix must decide whether to accept or reject the reduced award.If Orthofix rejects the reduced award, the court will grant Biomet's motion for a new trial to address punitive damages.
Chamber, KDI Offer Small Business Seminar, Loan Program
A seminar for potential entrepreneurs is being sponsored by the Warsaw - Kosciusko County Chamber of Commerce March 21. The two-hour course will help people evaluate themselves as potential business owners and their idea for operating a business. Participants will learn how to explore the market for a new business idea and learn how to estimate the basic financial feasibility of the idea. Costs are $25 prepaid and $30 for individuals paying at the door. The event is sponsored by the Indiana Small Business Development Center; Kosciusko Development Inc.and the chamber. For more information or to register, call the chamber at 574-267-6311.
You can be a puppy trainer
How do you become a puppy trainer? Anyone who loves dogs and has the time and patience to devote to raising a puppy is eligible to become a puppy trainer for Leader Dogs for the Blind.Puppies are placed when they are seven weeks old, and a home with a fenced yard is preferred. Interested people must fill out an application and must be ready for a financial investment - all costs involved, including veterinarian bills, shots, food, supplies and other expenses, are borne by the puppy raiser.The Leader Dog school furnishes an instruction manual, puppy tag, bandanna and video. The "foster parent" also must do the traveling to pick up and deliver the puppy - and must be willing to give up the puppy after a year.
City Settles Insurance Claim Over Sewage Spill In Creek
An insurance settlement from Specialty National Insurance Co.was accepted by the Warsaw City Council Tuesday during a special meeting following an executive session. Specialty National held the city's general liability policy for the city.Following the spill into Walnut Creek at the Center Street wastewater treatment plant in July and August 2001, the city filed a claim under the environmental clause of the policy. According to attorney Tom Lemon, part of the reason for the settlement is because the company is having serious financial difficulty.
Beacon Credit Union Earns Datatrac Great Rate Award
Beacon Credit Union's six-month certificate of deposit recently was awarded a 2008 Datatrac Great Rate Award for outperforming the Indiana Market interest rate average by more than 32 percent for the 12-month period ending March 31.
Purdue Club of Kosciusko County Presents Scholarships
The Purdue Club of Kosciusko County presented scholarships to three students from the Purdue Scholars of Kosciusko County Fund.The fund was established through the Kosciusko County Community Foundation to provide financial assistance to deserving students from Kosciusko County who are beginning their third or fourth year at Purdue University.
Freaky 5K Raises Money For Cancer Care Fund
The Lutheran Health Network-KCH Freaky 5K raised over $5,000 for the Cancer Care Fund of Kosciusko County Saturday.
Fashion Show Benefiting Kosciusko County Cancer Care Fund
Emily Stouder and Sarah Kerschner, current members of this year’s Kosciusko Youth Leadership Academy, presented a check for $2,100 to K21 Health Foundation benefiting the Kosciusko County Cancer Care Fund.
Pursuit Ends In Apparent Suicide
The suspect involved in a alleged robbery Friday evening of the First Financial Bank in North Manchester is dead from a self-inflicted gunshot wound.
Tracey Yeager Memorial 5K Run/Walk Set For May 26
WINONA LAKE – The Tracey Yeager Memorial 5K Run/Walk returns to Winona Lake on Memorial Day.
Developer
Editor, Times-Union:Elder abuse comes in a variety of ways but, the worst in my opinion, is financial elder abuse.
Charity Golf Scramble Monday
LEESBURG – Kosciusko Board of Realtors is sponsoring its 19th Annual Charity Golf Scramble at Tippecanoe Lake County Club in Leesburg Monday afternoon.
Taxing the Rich
Editor, Times-Union: I humbly submit the following letter for your opinion page.
