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MN Bankers’ Suits Allege Death Threats and Extortion

David Grzan claims his longtime employer and business partner created a hostile work environment and threatened his family, among many other accusations. In a countersuit, Steven Liefschultz, CEO of Equity Bank, says Grzan filed his lawsuit in order to defame and extort him.

Reports: Ameriprise Reaches $150M-$180M Settlement

Both Reuters and The New York Times reported that Minneapolis-based Ameriprise and its brokerage subsidiary have reached a preliminary agreement to settle claims from investors who lost money when two private placements they bought turned out to be frauds.

Kemps to Be Sold to Dairy Co-op

The dairy manufacturer's parent company has entered into an agreement under which Kansas City, Missouri-based Dairy Farmers of America, Inc., will become its 100 percent equity owner.