After losing lawsuit, Indianapolis cardiology practice may dissolve
Indianapolis Star, January 2, 2008
One of Indianapolis' oldest heart surgery practices is considering closing its doors to avoid paying off in full a large court judgment from losing a breach-of-contract lawsuit brought by a former partner. Cardiac & Vascular Surgery Associates is already in a Chapter 11 reorganization bankruptcy. The court awarded the former partner $480,853 in damages after a two-and-a-half-day trial. With interest the claim could top $1 million.