Indiana Trucking Company Files For Bankruptcy, 3,000 Drivers To Lose Jobs

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INDIANAPOLIS — A trucking company hit with a scandal involving fraud charges for two former executives is filing for bankruptcy. Celadon Trucking, which is based in Indianapolis, has filed for Chapter 11 bankruptcy. The move will leave more than 3-thousand truck drivers without a job.

Last week US Attorney Josh Minkler filed federal charges of fraud against former COO William Meek and CFO Bobby Peavler. They’re accused of misleading shareholders by funding the company’s books to show that Celadon was worth more than it actually was.

US Attorney Josh Minkler