John Markert was found guilty in April of five counts of misapplication of bank funds; he allegedly helped arrange $1.9 million in fraudulent loans to cover expected overdraft fees resulting from a customer’s “check-kiting” scheme.
Law
George Wintz, who in April was found guilty of two counts of bank fraud and one count of theft from an employee benefit plan, was sentenced for his role in a “check-kiting” scheme.
The owner of The Wirth Companies and developer of major Minnesota projects like the Grand Lodge Hotel Waterpark in Bloomington was sentenced to four-and-a-half years in prison and ordered to pay $6.46 million in restitution.
New York Mills-based Lund Boat Company and its parent company reached a settlement with the federal government over alleged hiring discrimination; the companies admitted no wrongdoing.
Golden Valley-based furniture company Room & Board and the Roseville City Council are the latest to announce that they formally oppose the so-called "marriage amendment."
Dorsey & Whitney’s CIO talks
about how his role goes beyond
traditional IT leadership.
The Minneapolis-based law firm’s hiring announcement comes about a week after Minneapolis firm Nilan Johnson Lewis scooped up two health care attorneys formerly employed by Moore, Costello & Hart.
The Pioneer Press, citing unnamed sources, reported that the firm decided to wind down at the same time that two of its health care attorneys left for a Minneapolis firm.
Julian Okeayaninneh was sentenced to 27 years in prison for overseeing the fraud scheme; Olugbenga Adeniran, who authorities called a “high-level manager in the conspiracy,” was sentenced to roughly 22 years.
Minnesota’s solicitor general said 3M waited until “shortly after incriminating testimony” to file a motion to disqualify the state’s legal representation; 3M fired back, saying the firm has a conflict of interest.
The settlement includes $263,000, which Mayo has already paid to the government, and an additional $1 million payment.
3M cited “betrayal” motivated by “greed” as a reason for Covington & Burling’s move to help the Minnesota attorney general in a lawsuit against the Maplewood-based company.
The Eden Prairie-based test system maker, which has been under investigation for more than a year, said that the deal must still be approved by the U.S. Department of Justice.
The company, which was accused of breaking privacy laws and using unethical debt-collection tactics, did not admit to any wrongdoing in its settlement agreement.
Barbara Kaye Rechtzigel is accused of stealing money from the CD accounts of customers of Minnwest Bank in Marshall.
Target said that a recently announced interchange fee settlement “would perpetuate a broken system, restrict retailers from any future legal action, and offer no long-term relief for retailers or consumers.”
Robins, Kaplan, Miller & Ciresi represented about 7 million individuals and businesses in an antitrust case against two major credit card companies and many major banks.
A condominium association for Greenbrier Village in Minnetonka and association management firm Gassen Company are accused of discriminating against potential homeowners and renters by enforcing an adults-only policy.