Business Law News. Crime Stories, Law on News and Legal Publications in April, 2012

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More couples take the road less taken
Deccan HeraldApril 1, 2012

In an important decision aimed at changing the landscape for divorce seekers in the country, the Union cabinet recently approved a draft amendment to divorce laws, which would make it easier to for a couple to part ways. The cabinet's proposal seems to ...more »

Low-paid council workers fail to get pay rise, says union
BBC NewsApril 1, 2012

Public service union Unison said the staff in England, Wales and Northern Ireland had not received the money. Unison said the situation would leave local government employees worse off in real terms than they were 16 years ago.more »

Business Law News and Stories

Advertising
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Pricey rats removed, pirate ship Bangun Perkasa crawls toward eventual fate
Alaska DispatchApril 1, 2012

Nobody came forward to claim the vessel, despite advertising appeals in several newspapers including the Asian Wall Street Journal, said attorney Joshua Freeman of the US Attorney's office in Anchorage. The federal government has physical but not legal ...more »

Federal Grants
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Industrial Policy for Bioterror Drugs Advances
GoozNewApril 1, 2012

It not only passed by unanimous consent in the Senate earlier this month, it will likely be approved by the conference committee that will soon consider the $4.5 billion Pandemic and All-Hazards Preparedness Act (PAHPA), the reauthorization of the 2006 ...more »

Antitrust Law, Domestic
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Anti-trust case against Clackamas-based Pacific Seafood Group settled
OregonLive.comApril 3, 2012

By Jeff Manning, The Oregonian View full sizeThe OregonianAn anti-trust lawsuit against Clackamas-based Pacific Seafood group was settled that could have broken up the company. Pacific Seafood Group has successfully fought off a class-action lawsuit by ...more »

Foreign Investments
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Philippine SEC chief sees ETF rules in H2
MarketWatchApril 2, 2012

The agency is trying to get around "our dated laws," Cueto said, referring to the Investment Company Act. "We will be happier if there is a new law but we can make do with this one," Cueto said. The agency is consulting with private sector market ...more »

Franchising
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Business Observer for Sunday, April 1
Fayetteville ObserverApril 1, 2012

The franchise owner is Mike "Buzz Saw" DeGroff, who retired from the military in June as a command sergeant major after serving 28 years in Special Forces and the 95th Civil Affairs Brigade. The business provides a full range of comprehensive sign and ...more »

Banking Law
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Financial crisis leaves familiar telltale signs
The Seattle TimesApril 1, 2012

No, it was caused by Fannie and Freddie and the federal government forcing banks to give mortgages to the poor and minorities. A new deregulation measure with great potential for mischief, the JOBS Act, is headed for President Obama's signature.more »

Gaming Law
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Here comes video gambling
Riverside Brookfield LandmarkApril 11, 2012

Pat Quinn signing a bill to allow video gambling machines in 2009, Brookfield bar owners believed they would be free to go ahead with their applications to the state. But sitting on the books already was a 1991 law that states, "No cash prizes nor any ...more »

Business Formation
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When NC employers dodge workers' comp costs, employees pay the price
News & ObserverApril 1, 2012

Mike Carpenter, executive vice president of the NC Homebuilders Association, said his group has worked for years to try to clamp down on those in the construction industry without workers' compensation. Homebuilders pushed successfully for a law in ...more »

Government Construction Contracts
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Ramtech Program for Modular Buildings Expands to Faith-Based Organizations
Houston ChronicleApril 1, 2012

FBC Frisco expects to use the buildings for a minimum period of four-years while other permanent expansion plans slated for the future are developed. Design-build commercial modular construction firm Ramtech Building Systems of Mansfield, ...more »

Business Law
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Changes on horizon
Times DailyApril 1, 2012

Hammon estimates that 80 percent of Alabamians support the law. “What they should do is repeal the law because it is a negative symbol for Alabama,” said Sen. Roger Bedford, D-Russellville. “It is hurting us with economic development and costing us ...more »

Institutional Investing
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MIDEAST MONEY-Investors, tourists eye wary return to Tunisia
ReutersApril 4, 2012

Most of that money has gone into energy and industry; the recovery in tourism, which earned some $2 billion a year and employed 400000 people before the revolt, has lagged. But Tourism Minister Elyess Fakfak said last month he expected the number of ...more »

Commercial
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Matt Wallace: Funding critical to make trusts work
Port Huron Times HeraldApril 1, 2012

Funding includes the proper naming of your trust or individuals as owner or beneficiary of your assets and as additional insureds on your liability insurance policies. The funding of your trusts is critical in making your trust work and having the ...more »

BCGI must understand that the employer's interest cannot be at the expense of ...
Stabroek NewsApril 2, 2012

By Stabroek staff | 0 Comments | Letters | Monday, April 2, 2012 The Bauxite Company of Guyana Inc (BCGI) has taken the Minister of Labour to court for exercising his power under the Labour Law, Chapter 98:01 and imposing arbitration between the ...more »

Commercial Bankruptcy
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The Verdict Is In: Practice Management Software for Small Law Firms Is a Must!
Business InsiderApril 2, 2012

As the business world turns, increasing attention to Cloud-based software to automate everyday operations, law firms seek solutions tailored to the legal field. While LegalZoom provides legal documents to the consumer market, there are very few ...more »

Internal Investigative Services
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Best Buy Board Hires WilmerHale for Dunn Investigation
BusinessWeekApril 13, 2012

(BBY) (BBY)'s board hired Washington law firm WilmerHale for its investigation of former Chief Executive Officer Brian Dunn's personal conduct, with two former federal officials involved in the probe. Former US Securities and Exchange Commission ...more »

Commercial Leasing
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TOYOTA: Post Martinsville Notes & Quotes
TruckSeries.comApril 1, 2012

Amongst expansion comprar microsoft slots leased plus downtown philadelphia inside a 12-week time lead-free to commercial and residential buildings, no action unlike mobiles threatened apart, but mashups up softmods userland.more »

International Transactions
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RBC 'Wash Trades,' Basel Roll Call, Election Gambles: Compliance
BusinessWeekApril 4, 2012

India will amend tax laws by June to encourage foreign lenders to expand in Asia's third-largest economy, said two government officials with direct knowledge of the matter. Prime Minister Manmohan Singh's administration will change the capital gains ...more »

Communications & Media
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Dear Commenters: We Can't Protect You Anymore
Above the LawApril 2, 2012

The practice areas of these placements have been cap markets (3), M&A (3), Litigation (2), Fund Formation (1) and Project Finance (2). Two of these persons are fluent in Korean, eight are fluent in Mandarin and one is Indian background.more »

Gaming board examining local gambling laws
The State Journal-RegisterApril 1, 2012

By DOUG FINKE Illinois gaming officials are trying to determine if potentially large parts of the state might be off-limits to legalized gambling on video poker machines even if they haven't formally opted out of the law. The determination could call ...more »

Construction & Development
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BMC's new development rules haven't made your dream home any cheaper
Hindustan TimesApril 1, 2012

The good news that most potential homebuyers had been waiting for after the introduction of the new Development Control Regulations (DCR) won't be coming anytime soon. price cuts claiming that the new norms have reduced their construction area and also ...more »

Locating Funds
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Court confirms ex-spouses access to pensions
Independent OnlineApril 2, 2012

The Government Employees Pension Fund (GEPF) is regulated by the Government Employees Pension Law and not by the Pension Funds Act. Non-members of the GEPF were denied their share of the pension benefit immediately upon divorce or on dissolution of a ...more »

Contracts Involving State & Minicipality
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PRESS DIGEST-Australian Business News - April 2
ReutersApril 1, 2012

"There is always going to be an element of conflict [in share placements between clients of investment banks and long-term shareholders]. The company [raising capital] has to take a firm hand in terms of allocation," Matt Williams, head of equities at ...more »

Mergers, Acquisitions & Divestitures
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SMSC Strengthens Consumer Electronics Connectivity Leadership with Digital ...
EON: Enhanced Online News (press release)April 12, 2012

Our forward looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations and may not reflect the potential impact of any future acquisitions, mergers or divestitures.more »

Controlled Substances Law
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Two charged with dealing drugs in Braintree neighborhood
The Patriot LedgerApril 2, 2012

Aris W. Veras, 35, of Boston and Luz M. Cepeda, 29, of Dedham were charged with trafficking in heroin, distribution of heroin and cocaine, possession of heroin and cocaine with intent to distribute, conspiracy to violate the Controlled Substances Act...more »

Mortgages & Foreclosures
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Foreclosure Filings Decline in US to Lowest Since 2007
BusinessWeekApril 12, 2012

Both states passed laws that “disrupted the normal foreclosure process,” according to the data firm. Filings fell 55 percent in Washington, 41 percent in Arizona, 31 percent in Texas and 21 percent in California. States with judicial oversight of the ...more »

Corporate Finance & Taxation
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UBS France accused of abetting tax evasion
swissinfo.chApril 1, 2012

“These employees were selling a turnkey solution for tax evasion, including legal advice, transporting money, and almost always the creation of a dummy company in some exotic tax paradise,” writes the author in his book. UBS has categorically denied ...more »

Non-Profit Corporations
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EMC, EDF and InnoCentive Launch New Eco-Challenge for Crowdsourced Solutions ...
MarketWatch (press release)April 4, 2012

Environmental Defense Fund (edf.org), a leading national nonprofit organization, creates transformational solutions to the most serious environmental problems. EDF links science, economics, law and innovative private-sector partnerships.more »

Creditor's Rights
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Council votes 6-to-1 for tax hike
Woonsocket CallApril 3, 2012

In supporting the measure, councilors said they disliked the idea of supplemental tax bills, but the alternatives of a budget commission or bankruptcy were even less palatable. For Councilman Christopher Beauchamp, it is the likely loss of the city's ...more »

Professional Corporations
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Greenberg Traurig Shareholder Named Top 50 Entrepreneur by Business Leader ...
MarketWatch (press release)April 3, 2012

MIAMI, Apr 03, 2012 (BUSINESS WIRE) -- Juan Pablo Cappello, a shareholder in the Miami office of international law firm Greenberg Traurig has been named a “Top 50 Entrepreneur” by Business Leader magazine. An awards reception was held for honorees on ...more »

Customs Disputes
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Fidelmar 'Fidel' Merlos-Lopez: Man Denied Entry To US From Mexico To Bury Son ...
Huffington PostApril 1, 2012

Attorneys for Fidelmar "Fidel" Merlos-Lopez are trying to win humanitarian parole so he can attend the funeral, but say US Customs and Border Protection has rebuffed their efforts. Damien Lopez died in a Shenandoah row house along with his cousin, ...more »

Public Offerings
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Cruel and unusual?: Death row inmate challenges state execution procedure
Montgomery AdvertiserApril 1, 2012

Suhana Han, Arthur's attorney, claims the drug does not work fast enough to prevent the inmate from feeling the potentially painful effects of the two drugs that follow, and that the state's secrecy surrounding its execution protocols makes it ...more »

Debt Collection
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Business People / Hires, promotions and honors
Buffalo NewsApril 1, 2012

Weider special counsel in the firm's business litigation and insolvency department. Weider, former chair of the financial reorganization and bankruptcy group at Harter Secrest and Emery, received his bachelor's degree from St. John Fisher College and ...more »

Reorganizations & Restructuring
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Dynegy Reaches Deal With Creditors, Company Lawyer Says
BloombergApril 4, 2012

Dynegy Inc. (DYN) reached a settlement with creditors holding more than $2.5 billion of claims against its Dynegy Holdings LLC unit, clearing a path for the unit's bankruptcy plan, a lawyer for the energy company said. The agreement, which has to be ...more »

Debt Settlement
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State IOU to county grows to $5.25M
Galesburg Register-MailApril 1, 2012

In total, the state owes the county $5.25 million — an increase of more than $1.25 million since October — in payments to the Mary Davis Home, state's attorney's office, assessment office and other entities. The escalating backlog has many county ...more »

State & Minicipal Bonds
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Florida: fertile ground for pro-gun laws
Tampabay.comApril 1, 2012

These laws have made it easier to obtain firearms and carry them into more and more places. The NRA was behind a 2008 law that allows employees to bring guns to work, so long as they're locked in the car. Several businesses, like the politically ...more »

Directors' & Officers' Liability
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Understanding the coming changes to Florida's car insurance laws
Tampabay.comApril 1, 2012

The measure (HB 119) includes a requirement that insurance companies reduce personal injury protection premiums at least 10 percent by Oct. 1 and 25 percent by 2014. Insurers can ask the state to be exempt from the rate cuts, as long as they provide ...more »

Trade Associations
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Indian tax 'calls rule of law into question'
Daily News & AnalysisApril 2, 2012

A letter to Indian Prime Minister Manmohan Singh from organisations such as the CBI, the US National Foreign Trade Council and Japan Foreign Trade Council warns that the changes have questioned the rule of law, due process and fair treatment in India.more »

False Advertising
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The Law of Shitty Clickthroughs
nPost.com (blog)April 6, 2012

This can push the Law of Shitty Clickthroughs to act over years rather than degrading your marketing efforts over months. Similarly, this law provides a litmus test as to the difference between advertising and information. When you are marketing with ...more »

Unfair Competition
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The Godfather's Italian table
San Francisco ChronicleApril 12, 2012

Last week, Coppola filed a lawsuit against the Tavola Italian Kitchen in Novato on the grounds that the restaurant's use of the Italian word for table constitutes "trademark infringement, unfair competition," and false advertising, among other misdeeds ...more »

Federal Contracts
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AECOM awarded two Yorkshire Water design-build contracts totaling ...
MarketWatch (press release)April 2, 2012

LOS ANGELES, Apr 02, 2012 (BUSINESS WIRE) -- AECOM Technology Corporation (NYSE:ACM) , a leading provider of professional technical and management support services for public and private clients in more than 130 countries around the world, ...more »

Venture Capital
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Silicon Valley veteran pulls in record-breaking venture capital for Ivy League ...
San Jose Mercury NewsApril 4, 2012

Menlo Park-based Benchmark Capital, which focuses on startup online entrepreneurs, provided the $25 million -- the largest seed money investment in the venture capital firm's 17-year history. General partner Kevin Harvey called Minerva "a ...more »

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