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Monday, March 20, 2006

Ind. Decisions - State justices reject Hilbert's appeal of $80 million ruling [Updated]

J.K. Wall of the Indianapolis Star is reporting this afternoon:

The Indiana Supreme Court has declined to hear Stephen C. Hilbert's appeal of an $80 million judgment that Conseco Inc. won against its former chief executive, attorneys for both sides said today.

Hilbert's lawyer, Phillip Fowler, said Hilbert plans to appeal to the U.S. Supreme Court, based on one of his defenses that hinges on federal law.
“We are certainly disappointed because we believe that the previous rulings are inconsistent with Mr. Hilbert's contract rights and with established Indiana law,” Fowler wrote in an e-mail.
The 3/17/06 transfer list including the Hilbert transfer petition denial (top of p. 3) is available here.

[Updated 3/21/06] The Indianapolis Star today has an expanded story on the Hilbert appeal effort, headlined "Hilbert's appeal of $80M ruling is over in state: Former Conseco exec looks to U.S. Supreme Court." It also has a good timeline of "Events in the Hilbert-Conseco legal battle."

The Louisville Courier Journal has an AP story by Charles Wilson.

Posted by Marcia Oddi on March 20, 2006 02:24 PM
Posted to Ind. Sup.Ct. Decisions