Both 3M and Cogent deny any wrong doing, but have agreed to pay $1.9 million to shareholders and their attorneys. Bloomberg reports the investors claim Cogent CEO Ming Hsieh favored 3M to collect a retention bonus. The Maplewood-based company paid about $943 million in 2010 for Cogent.
Republicans unsuccessful in attempt to suspend Wisconsin absentee voting rule
The 7th Circuit Court of Appeals declined Republicans' request on Wednesday, a day after the federal court granted an extension to count absentee ballots.