Zerorez claims that its Twin Cities competitor, Distinctive Cleaning, has misled customers.
Law
A liquidator for two hedge funds accused General Electric Capital Corporation of concealing knowledge of Tom Petters’ Ponzi scheme.
State lawmakers could not come to an agreement on the business-to-business tax repeals that should be discussed, so only disaster relief will be dealt with during the special legislative session.
Already charged with 20 counts of conspiracy and fraud, the founder of Select Comfort is now being accused of witness tampering.
Minneapolis-based Medafor, which develops medical devices used to control bleeding, is the second Twin Cities med-tech company purchased by C.R. Bard, Inc., in recent years.
The Minnesota Sports Facilities Authority said key stadium agreements have been postponed as a “due diligence” financial review of the Vikings’ owners is conducted.
David Welliver, who was accused of misconduct, reached a settlement with regulators.
Roger Pedley admitted to structuring cash transactions in a manner that avoided triggering banks’ federal reporting requirements; he also admitted to evading taxes.
A group of Best Buy shareholders argue that false statements made by the company’s executives caused its stock to rise artificially before abruptly dropping 14 percent months later when the company lowered expectations.
John Joseph Waters is accused of transferring millions of dollars from his employer’s accounts to accounts that he controlled, without his employer’s permission.
U.S. District Judge Joan Ericksen ruled against AGA Medical Holdings in a patent lawsuit involving a medical device used to treat heart defects.
Richard Spady received two years in federal prison for his role in the fraud scheme; he and a co-defendant were also ordered to pay roughly $1.13 million in restitution.
An analyst said, however, that although the company reported a loss, the move to sell its weak businesses will ultimately allow Dolan to focus on its more successful sectors.
Under Minnesota's new foreclosure law, a lender and/or mortgage servicer can’t move to sell a home until the borrower has had a fair chance to seek a loan modification.
Polaris is expected to pay about half of the $21 million in damages that were awarded to a woman who was injured in an accident while riding one of Polaris’ watercraft.
Uroplasty appointed its interim CEO, Robert Kill, to the roles of president and CEO. Chief Financial Officer Mahedi Jiwani—who was placed on leave during an internal review—has now retired.
The company apologized for the use of an offensive document but said it was used at one distribution center and “was never part of any formal or company-wide training.”
The receiver in the Tom Petters case is reportedly seeking $2 million from Crown Bank related to proceeds from two of Petters’ properties. Meanwhile, Petters’ attorney argued again that Petters’ 50-year sentence should be reduced.