Tuesday A.M. Report

RTI and investors reach class-action settlement: Restaurant Technologies Inc. has reached a $5.5 million settlement in a class-action suit brought against the company alleging executives and directors manipulated the company to devalue earlier investments. The suit, filed in July by former directors Michael Tate of Plymouth and Joseph Shuster of New Prague and investors Jack Ayers and Lyle Evanson, claimed that CEO Jeffrey Kiesel, Chief Financial Officer Robert Weil and three RTI directors conspired to devalue the holdings of about 150 common stockholders by as much as $39 million. Read full story

Data storage firm Isilon opens Plymouth facility: Data storage firm Isilon Systems Inc. has moved its Twin Cities tech support and engineering operations to a new facility in Plymouth as it prepares to hire more workers. Seattle-based Isilon now has about 25 employees in the Twin Cities and plans to hire 50 more by the end of the year. Read full story

Three Minnesota firms make best adoption-friendly list: Three Minnesota employers are among the top 100 adoption-friendly workplaces in the United States, according to a new ranking. The Dave Thomas Foundation for Adoption, which issued the ranking, said Golden Valley-based General Mills’ policies ranked 27th-best, while Carlson Cos., Minnetonka, and RSM McGladrey Inc., a Bloomington-based tax and consulting firm, both tied for 80th. Read full story

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