James Fry and Michelle Palm-two local hedge fund managers who already faced criminal charges related to their alleged involvement in Tom Petters' multibillion-dollar Ponzi scheme-now face charges in a civil complaint filed by federal regulators.
Law
The Pioneer Press reports that the Minnesota Department of Revenue and the IRS-which had sought $2.5 million in assets controlled by the receiver in the Tom Petters case-have resolved the issue.
The firm is representing 495 fishermen who allege that they were not properly compensated under a program through which BP chartered their boats for use in cleaning up the oil spill.
The Met Council has joined an ongoing lawsuit seeking damages from 3M for alleged environmental effects stemming from its disposal of chemicals.
A London court found that 3M breached an agreement to actively market a product called BacLite and ordered it to pay $1.3 million in damages; 3M, meanwhile, is touting the outcome as a victory, pointing out that the lawsuit had originally sought about $40 million in damages.
The prominent white-collar crime investigator who spent more than a decade with the U.S. Attorney's office has joined UnitedHealth Group.
Makers of household goods can use it, too.
How Twin Cities in-house counsel are changing how they are perceived by colleagues and improving the bottom line.
The Richfield-based company said a proposed federal law allowing states to require online merchants to collect sales tax would create a fair marketplace for all sellers.
The Metropolitan Council, which oversees wastewater plants in the metro area that send water into the Mississippi River, reportedly believes that proposed state regulations could cost it millions of dollars-and says 3M should have to pay for some or all of the costs because the company's practices led to the new rule.
Two former officers of failed Pinehurst Bank and a bank customer are facing new charges through a superseding indictment, which alleges that the men were involved in a $1.9 million "check-kiting" scheme that led to the bank's demise.
A federal jury also held Medtronic liable for $660,000 in damages to NuVasive for infringing on one of the company's patents.
Dorsey & Whitney, Faegre & Benson, Fredrikson & Byron, Gray Plant Mooty, Lindquist & Vennum, and Nilan Johnson Lewis made this year's list based on their work force profile, family-friendly benefits and policies, flexibility, leadership, compensation, and advancement and retention of women.
A Tuesday decision by a federal appeals court reportedly reinstated Ritchie Capital Management's previously dismissed lawsuit against two former Petters executives.
Faegre & Benson, one of the state's largest law firms, is exploring the possibility of combining with Baker & Daniels; a vote on the possible merger isn't expected until the fall.
Maple Grove resident Larry Gene Hillard, who participated in 12 fraudulent transactions in 2007 and 2008, was sentenced Tuesday for his role in a $4.3 million mortgage fraud scheme.
3M claims that Universal Medical Distributors submitted false information that caused them to illegally collect more than $2.5 million.
Ramsey County District Court Judge Kathleen Gearin reportedly denied the Minnesota Licensed Beverage Association's request to have the state continue processing liquor purchasing cards.