The Minneapolis-based company has struck deals to sell two of its businesses to law firms that are clients of the businesses.
Law
Uroplasty, which delayed filing its annual financial report last month due to possible issues regarding how it paid employees, has been given 60 days to explain how it will regain compliance with Nasdaq requirements.
The former chief financial officer of a Twin Cities company agreed to pay $60,000 and to be banned from serving as an officer or director of a public company for five years.
The employer-shared responsibility provision in the health care reform law requires large employers to meet specific standards in order to avoid penalties. Now they have an extra year to comply.
Local law firm Fare Grange claims that an advocacy group has engaged in “trademark bullying.” The advocacy group, meanwhile, said that it must protect its trademarks to avoid confusion among potential donors.
The Minnesota Court of Appeals reaffirmed a lower court’s decision, disqualifying a law firm that was representing the state in a case against 3M.
The U.S. Supreme Court will hear a case regarding whether airlines should be protected from lawsuits after reporting security threats that turn out to be false alarms; Fafinski Mark & Johnson represents the airline in the case.
Wednesday’s U.S. Supreme Court decisions regarding same-sex marriage were greeted as major victories for both Minnesota's LGBT residents and its business community.
IT services providers Joseph Michael Hanson and Timothy John Lambrecht were charged with conspiracy to commit mail and wire fraud; an attorney for one of the men said, “There is no fraud here.”
Between 2004 and 2007, Derrick Lance worked with others to fraudulently obtain mortgage loan proceeds.
A German court ruled in favor of Tennant’s competitor, which claimed that some of Tennant’s advertising claims were misleading; Tennant is considering an appeal.
Kim Robert Calkins acknowledged failing to pay to more than $850,000 in taxes and was sentenced to a year in prison. His wife was previously sentenced to five-and-a-half years for bank fraud.
James Fry’s case likely represents a final chapter in the Tom Petters saga; he was convicted on charges that he misled investors and lied to the U.S. Securities and Exchange Commission.
Eight former Hinshaw & Culbertson attorneys left the firm to open the first-ever Minneapolis office of Philadelphia-based Cozen O’Connor.
The law firm is opening a new office in Palo Alto, California.
A U.S. Bank spokesman said the lawsuit is "without merit" and represents "an inappropriate attempt to reassign blame" to the company.
Tom Petters’ former defense attorney and a federal prosecutor claim that Petters was not only aware of a potential plea deal, but he also rejected it several times.
After missing financial expectations in its most recent quarter, Imation is now being sued for allegedly selling blank Blu-Ray discs.