Columbus Continues to Recover

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updated: 7/3/2008 10:22:54 AM

Columbus Continues to Recover

Columbus Mayor Fred Armstrong says more than 100 businesses in the city have been damaged or destroyed by last month's flooding. He says the city "looks OK from a distance, but it's not." Armstrong says the initial mess has been cleaned up and several public meetings are planned to provide recovery information for homeowners and businesses. He thinks it could be two years before the city fully recovers and the final damage cost is expected to be around half-a-billion dollars.

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Perspectives

Janice Wilken

Are You Sure You Want to be a Director?

The Indiana Supreme Court recently decided a case which could impose significant new responsibilities on directors of Indiana corporations. In Lean v. Reed, the court found a director of an Indiana corporation personally liable as a matter of law (i.e., without trial) for violations of the Indiana securities laws by the corporation. While this in itself is not groundbreaking, the facts underlying the case are rather startling.

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