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

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Steven Pearlstein: Eat your broccoli, Justice Scalia
Washington PostApril 1, 2012

Yet despite the fact that “Obamacare” did all of those things and more, there was not a single brief in support of the law from an organization representing big business. Small businesses have spent the past two decades complaining that the reason they ...more »

Ammunition business leads the way for Alliant
Minneapolis Star TribuneApril 1, 2012

In addition to civilians, the sporting group also markets ammunition and accessories to security companies and law enforcement agencies, which have increased their spending since the 9/11 terrorist attacks. Alliant recently won renewal of a contract to ...more »

Business Law News and Stories

Advertising
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Fine dodger owes $500k
Stuff.co.nzApril 1, 2012

The 15-second commercial was part of the ministry's "Pay your fines, or pay the price" campaign and coincided with the first provisions of the Courts and Criminal Matters Bill. "The message in the ad is clear - unpaid fines may stop you from getting ...more »

Federal Grants
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N.J. stands ground on deadly force
Asbury Park PressApril 1, 2012

For one thing, New Jersey only in rare circumstances grants permits to private citizens to carry concealed weapons, they say. Secondly, New Jersey does not have a so-called “Stand Your Ground'' law, as Florida does, and it requires a person to retreat ...more »

Antitrust Law, Domestic
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Pacific Seafood settles suit
The Register-GuardApril 2, 2012

By Winston Ross The nation's largest seafood buyer has settled a class action antitrust case filed by coastal fishermen, according to court documents and sources who confirmed the agreement. Sometime this week, US District Judge Owen Panner is expected ...more »

Foreign Investments
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Foster Wheeler Receives Investment-Grade Rating
MarketWatch (press release)April 2, 2012

Simultaneously with the above ratings action, Moody's withdrew Foster Wheeler LLC's Ba1 Corporate Family rating, as this rating is not assigned to investment-grade issuers. Foster Wheeler LLC, a wholly-owned subsidiary of Foster Wheeler AG, ...more »

Franchising
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Toll House Takes The Middle East
Fast CompanyApril 2, 2012

Though he didn't spend his formative years eagerly anticipating those first warm, chewy bites, this Lebanese native sniffed out a sweet business opportunity. More than a decade ago, Dalal approached Nestlé about opening a dessert-themed franchise of ...more »

Banking Law
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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 »

Gaming Law
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Local cities, districts can apply for gaming funds
Ukiah Daily JournalApril 4, 2012

According to Angelo's office, the first priorities for grant money include law enforcement, fire services, emergency medical services, environmental impacts, water supplies, waste disposal, behavioral health, planning and adjacent land uses, ...more »

Business Formation
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Business Law: Provision to protect goodwill of bought business
Otago Daily TimesApril 1, 2012

Most business sale agreements will include a provision prohibiting the seller from opening up a competing business nearby during a fixed period - this is known as a "restraint of trade provision". The rationale for this is that the buyer will often pay ...more »

Government Construction Contracts
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James Bovard: The Wrong Way to Help the Disabled
Wall Street JournalApril 8, 2012

8, Patricia Shiu, director of the Labor Department's Office of Federal Contract Compliance Programs (OFCCP), declared: "For nearly 40 years, the rules have said that contractors simply need to make a 'good faith' effort to recruit and hire people with ...more »

Business Law
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Boies Hire, Verrilli Ad, Justice Tax Chief: Business of Law
BusinessWeekApril 2, 2012

The New York-based law firm lost 12 insurance and regulatory lawyers to Willkie Farr & Gallagher LLP (1179L) (1179L) on March 17. A call to Dewey's spokesman Angelo Kakolyris wasn't returned. Allen & Overy LLP (323556L) (323556L) announced March 29 the ...more »

Institutional Investing
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SOURCE: Levi & Korsinsky, LLP
Marketwire (press release)April 2, 2012

The Law Firm of Levi & Korsinsky Notifies Investors With Losses on Their Investment in Swisher Hygiene Inc. of Class Action Lawsuit and the Deadline of May 29, 2012 to Seek a Lead Plaintiff Position NEW YORK, NY--(Marketwire - Apr 2, ...more »

Commercial
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Paper bag law pushed in city
Sun.StarApril 1, 2012

As ordained, the law will cover all supermarkets, groceries, and retail outlets or stores in all areas identified as commercial zones, and all are required to use paper bags, buri bags, and other biodegradable materials as containers or bags for all ...more »

Vladimir Putin looks to reprise his role on world stage
Telegraph.co.ukApril 2, 2012

By Yevgeny Shestakov, special to Russia Now Upholding the rule of international law and defending Russia's interests are as crucial to Vladimir Putin's foreign policy today as they were 12 years ago. Whatever the opponents of Vladimir Putin say about ...more »

Commercial Bankruptcy
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Obama to sign pro-crowdfunding JOBS Act into law Thursday
VentureBeatApril 1, 2012

A piece of legislation designed to make crowdfunding a legal option for startups will be passed into law as President Barack Obama plans to sign the JOBS Act Thursday, VentureBeat has confirmed. The Jumpstart Our Business Startups (JOBS) Act has ...more »

Internal Investigative Services
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Investigation of city official reaches 6-month point
Edmond SunApril 7, 2012

City Manager Larry Stevens said Wheeler remains on paid administrative leave and will continue to remain on that status until the investigations are completed. An internal administrative investigation begun a couple of weeks ago is being conducted by ...more »

Commercial Leasing
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Proceedings | Highlights From the WSJ's Law Blog
Wall Street JournalApril 1, 2012

The centerpiece of the Supreme Court's three days of health-care arguments last week was a two-hour session Tuesday morning about the constitutionality of the law's mandate to carry health insurance or pay a penalty. The Wall Street Journal did a quick ...more »

International Transactions
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Global Payments says Visa drops it after breach
STLtoday.comApril 2, 2012

Global Payments CEO Paul Garcia noted that the company continues to process Visa transactions, but that being dropped from the registry "could give our partners some pause that they're doing business with someone who experienced a breach.more »

Communications & Media
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New powers to record every phone call and email 'echoes China'
Telegraph.co.ukApril 1, 2012

Every email, phone call and website visit is to be recorded and stored so police and security agencies can have real time access to our communications, under plans to be unveiled next month. By Tom Whitehead, Security Editor The Coalition is to revive ...more »

EU launches 2 antitrust probes against Motorola
BusinessWeekApril 4, 2012

The Commission said it "will assess whether Motorola has abusively, and in contravention of commitments it gave to standard setting organizations, used certain of its standard essential patents to distort competition." Under EU competition law, ...more »

Construction & Development
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Law Firms Split Over Nonlawyer Investors
Wall Street JournalApril 1, 2012

To some, the proposal would simply codify arrangements that are already common at many large law firms, where lawyers regularly work alongside nonlawyer professionals who help guide business decisions. Many of those professionals sit in on partnership ...more »

Locating Funds
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Banks under scrutiny over local money laundering
BusinessDayApril 3, 2012

Financial intelligence comes primarily in the form of Suspicious Transaction Reports (STRs), and also Currency Transaction Reports (CTRs). It draws its powers from the EFCC (Establishment) Act of 2004 and the Money Laundering (Prohibition) Act of 2004.more »

Contracts Involving State & Minicipality
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Public Eye: Did Sacramento school district pay company without a contract?
Modesto BeeApril 1, 2012

Mike Gullatt, Energy Education's senior vice president of corporate communications, said his company strongly disputes the district's allegations. The company followed all the district's procurement and legal rules, Gullat said.more »

Mergers, Acquisitions & Divestitures
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Strong deal fundamentals remain but corporates are cautious on M&A in the ...
MarketWatch (press release)April 23, 2012

NEW YORK, April 23, 2012 /PRNewswire via COMTEX/ -- A more favorable dealmaking environment is not yet convincing corporations to engage in mergers & acquisitions (M&A), according to Ernst & Young's latest Global Capital Confidence Barometer, ...more »

Controlled Substances Law
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Libertarians were right all along
Lakeland TimesApril 3, 2012

Citing Powers granted Congress by Article 1, Section 8 of the Constitution (under the "commerce clause"), in 1970 Congress enacted the Controlled Substances Act instead of amending the Constitution as was done in 1919. In the 1980s America's "War on ...more »

Mortgages & Foreclosures
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Federal Reserve Issues Guidelines For Turning Foreclosed Homes Into Rentals
Huffington PostApril 6, 2012

The central bank said Thursday that banks making the conversions should preserve needed documents and meet all federal, state and local laws that apply to renting. Fed Chairman Ben Bernanke and other Fed officials have said that with home prices ...more »

Corporate Finance & Taxation
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Switzerland Asks Germany For Legal Aid In Tax Case
Wall Street JournalApril 1, 2012

Last year, Credit Suisse paid EUR150 million to German authorities as a settlement of allegations that bank officials assisted clients in evading German taxes. A spokesman for Credit Suisse declined to comment on the investigation.more »

Non-Profit Corporations
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New practice focuses on human rights, intellectual property
Washington PostApril 2, 2012

District-based Sterne, Kessler, Goldstein & Fox, the 110-attorney Washington intellectual property law firm, has started a first-of-its-kind practice that combines the tenets of human rights and intellectual property law.more »

Creditor's Rights
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Direct Air's woes cast doubt on future of commercial flight in Worcester
Worcester Business JournalApril 1, 2012

... for bankruptcy protection, it left travelers scurrying to figure out alternate plans and worrying about whether they'd get their money back. For Worcester Regional Airport, it raised other questions: Can commercial air travel succeed in Worcester?more »

Professional Corporations
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JOBS Act Becomes Law
NuWire InvestorApril 2, 2012

Although the “crowdfunding” portion of the bill has been grabbing headlines (giving start-ups the opportunity to source funds from large groups of small investors via the Internet) the Act is sweeping in its regulatory reforms.more »

Customs Disputes
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Maple Leaf to name ex-federal trade minister chairman
Canadian CattlemenApril 1, 2012

Prime Minister Stephen Harper's ex-minister of international trade is the chairman of choice for the board of Maple Leaf Foods. The Toronto-based food firm announced Thursday that David Emerson will be nominated for election to the company's board as ...more »

Public Offerings
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Attorney General's Public Protection Unit issues texting scam alert
Daily ArdmoreiteApril 4, 2012

By Anonymous The Attorney General's Public Protection Unit has issued a consumer alert for a text message scam that claims recipients have won a Walmart gift card. The scam uses the store's name to lure unsuspecting consumers into providing personal ...more »

Debt Collection
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Banks' Glass-Steagall Walls Quietly Rebuilt
ForbesApril 2, 2012

... it was not unusual to see signs urging the return of the 1933 Glass-Steagall Act. But according to panelists at the Securities Traders Association of New York on Thursday, the landmark Depression-era law that separated commercial banks, ...more »

Reorganizations & Restructuring
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Rogers Corporation Updates on Streamlining Initiatives
MarketWatch (press release)April 2, 2012

Actions recently completed by the Company to achieve these savings included improvements in efficiencies of supply chain and manufacturing operations, cost reduction activities across its businesses, and headcount reductions through a voluntary ...more »

Debt Settlement
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Crown Castle Announces Cash Tender Offer for 9% Senior Notes Due 2015
MarketWatch (press release)April 3, 2012

In addition, accrued and unpaid interest up to, but not including, the applicable settlement date of the Notes will be payable in cash on all validly tendered and accepted Notes. Validly tendered Notes may be validly withdrawn at any time on or prior ...more »

State & Minicipal Bonds
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Bloomberg's Business of Law Column Replaces In Court News Report
BloombergApril 2, 2012

Bloomberg News's In Court News column has been replaced by the Business of Law report, which incorporates global law firm news with important developments in litigation. Please look to NI LAWBIZ to see the daily column. To contact the reporter on this ...more »

Directors' & Officers' Liability
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Beware of Children At Meetings
Meetings & ConventionsApril 1, 2012

The liability issues with hosting such programs are extensive, and the ability to shift that liability away from your organization presents legal challenges as well. Sometimes it becomes a matter of what you do with those who are under the age of 18 ...more »

Trade Associations
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One Derivatives Trade That's Now Off: Betting on the 2012 Election
New York TimesApril 2, 2012

The Nadex plan was seen as a crucial test case for other exchanges that have discussed offering political contracts but have been skittish about treading on murky legal ground. Some states explicitly outlaw gambling on elections. Even in Las Vegas, ...more »

False Advertising
[read all news]
Official "Dream Patio Giveaway" Sweepstakes Rules
BobVila.comApril 1, 2012

Open only to permanent legal US residents. Void in all other geographic locations. Employees of Sponsor and its respective parents, affiliates, subsidiaries, and advertising and promotion agencies and any other entity involved in the development or ...more »

Unfair Competition
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TripAdvisor Files Antitrust Complaint Against Google With EU
BloombergApril 3, 2012

TripAdvisor said the complaint addresses “anti-competitive and unfair practices by Google that harm the marketplace and consumer welfare,” the Newton, Massachusetts-based company said today in a statement, which didn't give details of the allegations.more »

Federal Contracts
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Tribune Broadcasting says no DirecTV deal
San Jose Mercury NewsApril 1, 2012

Tribune Broadcasting said in a statement late Saturday that without a deal in place, by federal law DirecTV cannot carry the signal of Tribune's local television stations after midnight, when the agreement expires. The affected markets include New York ...more »

Venture Capital
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Venture capital no longer hates us, Amazon.com's CTO says
ComputerworldApril 3, 2012

IDG News Service - When Amazon Web Services launched a few years ago, the venture capital community wasn't a big fan. "Many folks in the venture capital community hated us because we robbed them of the opportunity to get to significant chunks of young ...more »

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