Rolls-Royce set to develop plant in Indianapolis

The Indiana ERISA lawyers of the Hankey Law Office have learned that Rolls-Royce Corp. has plans to open a plant in Indianapolis.

The British engine company said that the plant will cost roughly $42 million to develop, and will open up 100 jobs by the year 2014. The plant will be used to manufacture components for the AE engines, Trent 1000, and engines found in the T56 turboprops.

The location of the new plant will be close to the Indianapolis International Airport. Rolls-Royce Corp. will also install a production line inside the plant that will be beneficial for the production of these materials.

To learn more about this development, please visit today.

What is the ERISA?

The Employee Retirement Income Security Act, ERISA, was set up in 1974 with the intention of guarding individuals who were covered by private health plans as well as pension plans.

ERISA was established in order to form ground rules for these private companies to follow. The best interest of the policy holder should always be put first, according to the ERISA. There have been several amendments to this act since it’s inception in 1974.

One of the main changes to the act came when the Health Insurance Portability and Accountability Act was formed and added to the ERISA. This new act helps people with former health problems receive proper health coverage. Numerous other amendments have been made to the act in order to widen the scope of who is protected under the ERISA.

If you need assistance with an ERISA claim, please contact the Indiana ERISA lawyers of the Hankey Law Office by calling (800) 520-3633 today.

Free admission on MLK day to several Indianapolis attractions

The Indiana ERISA lawyers of the Hankey Law Office would like to announce that the Martin Luther King Jr. Day Celebration in Indianapolis means free admission to several attractions in the area.

On Monday, January 16, 2012 admission to the White River State Park will be free with a canned food donation. All six Indianapolis White River State Park locations will be participating. There will be several special events taking place inside the parks. Also, all the canned food donations will benefit Gleaners Food Bank.

The six locations that are part of the White River State Park are the Indiana State Museum, the Indianapolis Zoo, the NCAA Hall of Champions, IMAX Theater, Victory Field and the Eiteljorg Museum.

To learn more about MLK events in Indiana, please visit the Fun City Finder website today.

Indianapolis Zoo puts on Zooper Bowl event

This Wednesday between 2:00 p.m. and 7:00 p.m. the Zooper Bowl will take place at the Indianapolis Zoo.

The Zooper Bowl is part of the Super Bowl’s “First and Green” program. This program focuses on conducting and promoting environmentally green events throughout Indianapolis.

Recycle Force will be present at the zoo to accept electronics to be recycled. This could include refrigerators, DVD players as well as old televisions. Each donation will come with a $2 admission into the zoo.

The Indiana ERISA lawyers of the Hankey Law Office are interested in keeping the community informed about positive changes to the environment. For more information relating to the recycling event, please visit today.

ERISA litigation ends in $21.5M settlement

A ERISA lawsuit against Nortel Networks Corp., which accused the company of offering its own stock as an investment opton in an employee-benefit plan, has ended in a $21.5 million settlement.

Nortel Networks Corp., a telecommunications-equipment maker, failed to disclose the risks that came with the investment option since the company was filing for bankruptcy. The company’s stock offering was not in line with the Employee Retirement Income Security Act. Nortel has agreed to the settlement, which will erase a $100 million Chapter 11 claim if approved.

According to a U.S. Bankruptcy Court filing, the settlement will be funded by Chubb Insurance. Nortel is now readying itself for a court battle over the earnings from the sell of its businesses between the different arms of the company.

If you need assistance with an ERISA claim, contact the Indiana ERISA lawyers of the Hankey Law Office, by calling (800) 520-3633 today.