BMTN: McFadden’s investment firm deal may be ‘flashpoint’ in Senate race

From Bring Me the News:

A syndicated news story looks at a 2012 merger that Republican U.S. Senate candidate Mike McFadden’s investment firm was involved with, suggesting it could become a “flashpoint” in his race against DFL incumbent Sen. Al Franken.

The Associated Press story said the controversy surrounds a deal that moved a U.S. company, Jazz Pharmaceuticals, to Ireland,  significantly dropping its tax obligation. Public filings show McFadden’s firm, Lazard Middle Market, made more than $11 million in the deal. McFadden was chief executive of the firm at the time, but told the AP he was not personally involved in the merger.

In an interview Friday, the AP said McFadden “distanced himself” from the deal, saying that McFadden portrayed it “as a one-sided business maneuver driven by Jazz and its financial adviser — not the Irish drugmaker Azur Pharma, which his firm represented.”

The deal in question involved a so-called tax inversion, a legal maneuver that allows U.S. companies to merge with a foreign partner and then reincorporate abroad to reap tax savings.


Moorhead GOTV Rally Saturday, November 3rd – NEW location!

What: DFL Road to Progress Tour: Moorhead GOTV Rally
When: Saturday, November 3rd
Time: 4:45 – 5:45 pm
Where: DFL Campaign Office — NEW LOCATION!!!
817 Center Avenue, Moorhead

Details: Governor Mark Dayton and DFL Leaders will tour the state in the run-up to Election Day on a bus tour to rally Minnesotans to vote for a better path forward for middle class families.

The “Road for Progress” tour will officially kick-off on Thursday, November 1st at a press conference on the State Capitol steps with Governor Mark Dayton, House Minority Leader Paul Thissen, Senate Minority Leader Tom Bakk, and State DFL Party Chair Ken Martin. Governor Dayton will participate in several stops on the tour, as will members of the federal DFL delegation including U.S. Senator Amy Klobuchar and U.S. Senator Al Franken.

The tour will make a stop and hold a rally to Get Out the Vote at Minnesota State University Moorhead on Saturday, November 3rd. It will be held at the DFL Campaign Office, 817 Center Ave, Moorhead.

MN Senate DFL Caucus Fundraiser for Eken and Sailer

Please join special guest Governor Mark Dayton at a rally and fundraiser on behalf of MN Senate District 4 candidate Kent Eken and House District 2B candidate Brita Sailer in Detroit Lakes.

When: Wednesday, August 22, 2012
Time: 4:00 – 6:00 pm
Where: Ted and Marysia Fiskevold’s home

Address: 29038 State Highway 34, Detroit Lakes, MN
Google Map

Click on flyer below to enlarge it

Governor Dayton in Moorhead to discuss American Crystal Sugar Lockout

Minnesota Governor Mark Dayton will be in Moorhead this coming Saturday to discuss the lockout of American Crystal Sugar workers.

Date: Saturday, December 3rd
Time: 2:30-4:00 p.m.
Location: Minnesota State University Moorhead
Building: Comstock Memorial Union
Room: 101

The discussion is free and open to the public.

Map Link (Google Maps)

mnpACT!: Dayton Took The Heat But Saved Us From Draconian Cuts

Posted: 07/20/11 00:45
by Dave Mindeman

Well, finally, the budget bills are beginning to pass in a sputtering, coughing sort of way. Let me give you some first impressions as I read the various news reports…

1) Bakk and Thissen have indicated there will be no DFL votes on the financing bill. This includes the education shift and tobacco fund borrowing. I doubt Governor Dayton will begrudge them that and I sense the seeds of a 2012 issue brewing.

2) Higher education got hammered, although not as severely as the original GOP bill. And the blow has been softened somewhat because the bonding bill has a number of higher ed projects in it. I think the Governor’s hand was working here.

3) The Transportation bill cutting was softened and it looks like they will be able to prevent a rate hike. Mostly because some other transportation funds will be shifted around. The rate hike seemed imminent before the new bill was crafted, so that is another draconian prevention for the governor.

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