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

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Audit: For much of 2011, DC lagged on small-biz spending
Washington ExaminerApril 1, 2012

With three months remaining, 84 District agencies spent about $60 million combined with small businesses -- 12 percent of the level the law mandates. Spending figures for the fourth quarter weren't included in the report Branche issued last month, ...more »

Ontario man convicted of felony animal cruelty charges, receives fine, probation
Inland Valley Daily BulletinApril 1, 2012

ONTARIO - An Ontario man was sentenced recently on felony animal cruelty charges for starving and neglecting his 5-year-old female horse. The conviction for Jesus Mura Sanchez comes with a sentence of three years probation, according to a news release ...more »

Business Law News and Stories

Advertising
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Solano County DA reaches deal with chiropractor
TheReporter.comApril 1, 2012

The lawsuit stated Altadonna engaged in false and misleading advertising and unfair business practices related to the marketing of the DRX-9000, a spinal traction device. According to the district attorney's office, Altadonna received commissions from ...more »

Federal Grants
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Columbia Basin College in Pasco regains Hispanic-serving institution status
Mid Columbia Tri City HeraldApril 1, 2012

By Ty Beaver, Tri-City Herald Federal education authorities designated Columbia Basin College as a Hispanic-serving institution this week, allowing school officials to apply for grants worth hundreds of thousands of dollars. The Pasco school lost the ...more »

Antitrust Law, Domestic
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Microsoft Moves Logistics Out Of Germany Due To Lawsuit
Wall Street JournalApril 2, 2012

Another German court last year ordered Samsung Electronics to stop selling two tablet models as doing so would violate the law against unfair competition and would imitate Apple's iPad. Samsung produced an amended version of the 10.1 Galaxy model, ...more »

Foreign Investments
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Startup Crowdfunding is Here
Minneapolis Star TribuneApril 1, 2012

By letting consumers share information and scrub opportunities in the ways they do best on the Internet, the overall risk of fraudulent investments will likely go down. Startup investing is inherently risky. No change to that. But given all the legal...more »

Franchising
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FTC Guidelines Deliver Strong Message to Companies
Wall Street Journal (blog)April 2, 2012

But if the florist wants to know which sports teams a consumer roots for, so that it can make a cross-marketing deal with a franchise, it should ask the customer explicitly. That would be a huge change from the common practices of today, in which many ...more »

Banking Law
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Global finance: Conflicting signals
Financial TimesApril 1, 2012

The disharmony is confusing and expensive for banks, which are spending billions of dollars to prepare for and comply with the various rules and fear they will be unable to compete with more lightly regulated peers in other countries.more »

Gaming Law
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Valley Forge Casino opens for business
BusinessWeekApril 1, 2012

The Pennsylvania Gaming Control Board gave the casino the final signoff after two test nights, board spokesman Doug Harbach said Friday. Valley Forge is the first of the smaller "resort" casinos laid out in the 2004 law that legalized gambling in ...more »

Business Formation
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Greek Crisis Spurs War on Health Fraud Rooted in Gifts
BusinessWeekApril 1, 2012

Corruption, including prescription fraud and bribery for surgeries, has run rampant, costing the government hundreds of millions of dollars. The crisis has become so widespread that hospitals are considered the most corrupt public sector in the country ...more »

Government Construction Contracts
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Vic construction rules 'not anti-union'
NinemsnApril 3, 2012

Construction firms that don't comply with new industrial relations rules on Victorian government projects could be blacklisted from future contracts. The guidelines will apply to all public building and construction work in Victoria but mining, ...more »

Business Law
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Latest Missouri news, sports, business and entertainment
KOAM-TVApril 1, 2012

LOUIS (AP) - Missouri Attorney General Chris Koster is opposing a new trial for an inmate convicted of killing a St. Louis woman nearly 30 years ago. George Allen Junior was sentenced to 95 years in prison in the 1982 death of 31-year-old Mary Bell.more »

Institutional Investing
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3 Reasons Crowdfunding Is Good For Investors
Seeking AlphaApril 1, 2012

This week, the House passed the JOBS Act, a bill designed to modernize capital formation regulations and spur job creation by small businesses. A key feature of the bill was crowdfunding, the process by which small companies raise growth capital from a ...more »

Commercial
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'Mad Men,' A Conversation (Season 5, Episode 3)
Wall Street Journal (blog)April 2, 2012

Editor's note: Every Sunday after the newest episode of “Mad Men,” lawyer and Supreme Court advocate Walter Dellinger will host an online dialogue about the show. The participants include Columbia University history professor Alan Brinkley, ...more »

Independence Energy Corp. Acquires Interest in Multi-Well Drill Program in Texas
MarketWatch (press release)April 2, 2012

(OBB:IDNG) (the "Company" or "Independence Energy") is pleased to announce that the Company has acquired a 5% Working Interest in the highly prospective MontCrest Energy Drilling Program #3 in Coleman County, Texas (the "MontCrest Drill Program").more »

Commercial Bankruptcy
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US law expected to help firms go public, raise capital
TheChronicleHerald.caApril 1, 2012

On March 27, Congress passed the JOBS (or, rather ludicrously, Jumpstart Our Business Startups) Act, which aims to revive growth by easing the regulatory burden on companies seeking to raise capital. The act is designed to address the decline in ...more »

Internal Investigative Services
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Vermont court denies newspaper access to records
BurlingtonFreePress.comApril 1, 2012

The newspaper argued that the investigative records should be open because the investigation was over and because it was an internal investigation. Supreme court justices said state law doesn't contain an expiration clause making records public after ...more »

Commercial Leasing
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Fixed hotel leases a thing of the past
Hotel News NowApril 2, 2012

Having a clear view of what you want and what the other party wants,” said Sandra Thiel, a partner at law firm Clifford Chance. The rent level also is critical in any lease agreement. During the early 2000s, the rent levels were too high and put ...more »

International Transactions
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Foreign Companies Giving Up on India: Trade Groups
Wall Street Journal (blog)April 2, 2012

By Paul Beckett A group of international trade and industry associations claiming to represent some 250000 companies have written to Prime Minister Manmohan Singh strongly criticizing the proposal, tucked away in the budget, to tax transactions...more »

Communications & Media
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REGION: Videographer irks police, faces jail time
North County TimesApril 1, 2012

Both of their cases were still working through the state and federal court systems last week. Playford said he used to have a good relationship with police. The turning point was in 2008, when he took video of Ramona sheriff's deputies using force in ...more »

Stone Hearth Pizza begins licensing process
Wicked LocalApril 4, 2012

The restaurant was granted a common victualler license to operate from 11 am to 9 pm Sunday through Thursday and 11 am to 10 pm on Fridays and Saturdays. Food vendors are required by state law to have the license to prepare and serve food.more »

Construction & Development
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3rd and final phase of downtown renovation to start
Battle Creek EnquirerApril 1, 2012

John Grap/The Enquirer • $54 million invested by Kellogg Co. as part of its research and development expansion more than $7 million by Hinman Co. Additional information about the construction, including maps, may be seen online at ...more »

Locating Funds
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Polk County to benefit from state funds
News ChiefApril 1, 2012

Scott vetoed an appropriation for planning money last year, but supporters said they think the ability to provide statewide law enforcement and public safety training and the program's national standing will show the importance of the program and the ...more »

Contracts Involving State & Minicipality
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Some Things Are Just Unacceptable
Huffington PostApril 2, 2012

In the House it is HR4259 -- End Trafficking in Government Contracting Act of 2012. In the Senate it is S.2234. That bill would prevent trafficking abuses by requiring contractors with contracts over $1 million to implement compliance plans to prevent ...more »

Mergers, Acquisitions & Divestitures
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Tethys Petroleum Limited: Appointment of Corporate Brokers
Energy Digital (press release)April 17, 2012

FirstEnergy's UK activities include corporate broking, equity research, sales & trading, corporate mergers & acquisitions and oil and gas property acquisitions & divestiture advisory. Seymour Pierce is a leading London based independent investment bank ...more »

Controlled Substances Law
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Wanted: Unwanted prescription drugs
NorthJersey.com (press release)April 19, 2012

Four days after the first event, Congress passed the Secure and Responsible Drug Disposal Act of 2010, which amends the Controlled Substances Act to allow an "ultimate user" of controlled substance medications to dispose of them by delivering them to ...more »

Mortgages & Foreclosures
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Fed Text: Encourages Banks to Consider Distress Rentals
MNI NewsApril 5, 2012

This policy statement reminds banking organizations and examiners that the Federal Reserve's regulations and policies permit the rental of residential other real estate owned (OREO) properties to thirdparty tenants as part of an orderly disposition ...more »

Corporate Finance & Taxation
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Obama's insurance requirement not the only mandate
Seattle Post IntelligencerApril 1, 2012

Chances are slim that Congress would act to restore any parts of the law that the court might strike down, even noncontroversial provisions. Photo: Charles Dharapak / AP FILE - In this March 28, 2012, file photo Paul Clement, the lawyer representing ...more »

Non-Profit Corporations
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State law helps non-profits maintain tax exempt status
Federal Way MirrorApril 3, 2012

Legislation aiding operation and maintenance of Young Life of Federal Way was signed into law by Gov. Chris Gregoire on March 23. By GREG ALLMAIN Young Life of Federal Way has been given a new lease on life, thanks to the efforts of Sen.more »

Creditor's Rights
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Changes coming to The Village near BSU
Muncie Star PressApril 1, 2012

Kurt Hostetler / The Star Press MUNCIE -- Visions for the future of The Village commercial area near Ball State University abound. After the bankruptcy of Myles Ogea, a Village building owner and businessman, a group of Ball State grads who are ...more »

Professional Corporations
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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 »

Customs Disputes
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Aquino halts issuance of VAT TCCs
Sun.StarApril 1, 2012

(EO) 68 on March 27, instructing the Departments of Budget and Management (DBM) and Finance (DOF), and the Bureaus of Internal Revenue (BIR) and Customs (BOC) to jointly craft the implementing rules and regulations for the VAT TCC monetization program.more »

Public Offerings
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Minnesota Senate's Brodkorb case will cost public win, lose or draw
Pioneer PressApril 2, 2012

But officials are so far refusing to disclose the contract or the hourly rate of Dayle Nolan, who works for a large Minneapolis law firm. And Nolan's fees are probably just the start. Threatened lawsuits by Brodkorb, who until his December firing was a ...more »

Debt Collection
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Investors remain divided over Greek foreign-law bond losses
ReutersApril 2, 2012

Athens completed the bulk of its bond exchange on March 12, swapping a nominal amount of 177 billion euros ($235 billion) of government paper issued under Greek law for new securities, inflicting real losses of about 74 percent on private-sector ...more »

Reorganizations & Restructuring
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City announces department restructure
News-Press NowApril 9, 2012

The City of St. Joseph announced late Monday it will reorganize its departments from 12 departments to eight. The reorganization was announced by City Manager J. Bruce Woody as an effort to reduce expenses in the city's general fund.more »

Debt Settlement
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Clarity Is Key When Negotiating with Investors
ReadWriteWebApril 2, 2012

To make sure that doesn't happen - and help startups avoid costly lawsuits (another instance where the only people who get rich are the lawyers) I asked Anton Rosandic, a California-based attorney and an entrepreneur himself, for some free advice.more »

State & Minicipal Bonds
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The real reason SCOTUS could save POTUS
Washington PostApril 2, 2012

The unpopular law has galvanized Obama's conservative opponents, driven away moderates and independents, and hung like an albatross around the neck of the US economy. A decision by the Supreme Court to overturn the law in its entirety could be the best ...more »

Directors' & Officers' Liability
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How the proposed lease accounting standards may impact businesses
Smart Business NetworkApril 2, 2012

“There is a lot of controversy over this new draft standard for lease accounting,” says John Helmuth, a director in the Audit & Accounting group at Kreischer Miller, located in Horsham, Pa. The current accounting guidance has been criticized for not ...more »

Trade Associations
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Global trade bodies write to Prime Minister over Income Tax Act
Zee NewsApril 2, 2012

New Delhi: Several global business associations have sought reconsideration of the retrospective amendment of the Income Tax Act in the backdrop of Vodafone controversy warning that the proposed change has prompted widespread review of costs and ...more »

False Advertising
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Turning off the Internet pimp engines
TheNewsTribune.com (blog)April 1, 2012

Most notably, the Governor's signature places culpability on the Internet companies that have been unwilling to eradicate the presence of human trafficking from their sites (Trib 3/29). It has been at least three years since this crime has become a ...more »

Unfair Competition
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EU to Investigate Motorola Patents
Wall Street JournalApril 3, 2012

The bloc's antitrust regulator said Tuesday it will assess whether Motorola is distorting competition by unfairly wielding patents involving standard technologies. Microsoft and Apple complained that Motorola is demanding unfair prices and terms to ...more »

Federal Contracts
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Small-business contracts from gov't lead House committee's agenda
Tulsa WorldApril 1, 2012

But winning a contract with the government can be hard, if not impossible, for a small business. Contracting has been a priority for the House Small Business Committee this year. The committee, led by chairman Sam Graves, R-Mo., has recently approved ...more »

Venture Capital
[read all news]
Ericsson Closes BelAir Networks Acquisition
TechFinanceApril 2, 2012

Founded in 2002, Belair had raised $Subscriber Content million in equity financing from Export Development Canada (EDC), Panorama Capital (formerly JPMorgan Partners), VenGrowth, Comcast Interactive Capital, Trilogy Equity Partners, Ventures West, ...more »

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