Ritchie Capital Management says that it and other victims of Tom Petters' Ponzi scheme have been denied restitution by the courts. A local expert said that there are "sufficient mechanisms" in place for creditors to recover valid claims.
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Kenneth Hasse, who was chairman of ConServe's board, was charged with one count of conspiracy to commit wire fraud and one count of tax evasion in connection with the $8 million fraud scheme.
Gary R. Maharaj will lead the company as it explores strategic alternatives for its pharmaceutical business, including a possible sale.
The electronics retailer, which is accused of overcharging customers by advertising lower prices on its Web site than at its in-store kiosks, did not admit to any wrongdoing.
The company's largest shareholder officially nominated three candidates who it says will help address SurModics' "long-term underperformance."
The list of the top 10 social media personalities from the Twin Cities includes business leaders, writers, a disc jockey, and a lifelong Vikings fan.
California insurance regulators have blocked a UnitedHealth Group subsidiary from paying dividends to its parent companies, alleging that the company committed almost a million acts that violate the state's insurance regulations.
Beckman Coulter, which employs about 750 at its Chaska facility, is reportedly looking at offers from private-equity firms and other companies, including 3M.
Dell plans to maintain Compellent's existing operations and staff in Eden Prairie, and it intends to invest in engineering, support, operations, and sales capability.
Following a year of record sales, the Austin-based company wants to increase the number of authorized shares of voting common stock from 400 million to 800 million.
The Apple Valley Medical Clinic, which denied wrongdoing, will pay to settle allegations that it submitted false claims for payment to the Medicare and Medicaid programs.
Home sales in November were down 39 percent from last year-when numbers were inflated due to the expiring homebuyer tax credit-but they were consistent with 2007 and 2008 levels.
The university's technology commercialization brought in $75.2 million in revenue in fiscal 2010-down 21 percent from last year due mostly to the expiration of several foreign patents related to an AIDS treatment.
The company said that it has reduced sugar levels in cereals advertised to children by 14 percent since 2007 and made substantial progress in 2010.
The local companies were honored earlier this month by the U.S. Chamber Business Civic Leadership Center for their social and civic commitments.
According to the suit, Polaroid transferred $40,000 to Lance Bass' production company in 2005 without receiving a "reasonably equivalent value in exchange for the transfer."