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

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'Massive' Credit Card Data Breach Involves All Major Brands
KRCRTV.COMApril 1, 2012

By Julianne Pepitone and Leigh Remizowski NEW YORK (CNNMoney) -- A data breach at a payments processing firm has potentially compromised credit and debit card information from all of the major card brands. Global Payments, a company that processes card ...more »

Payrolls down but payouts up
Minneapolis Star TribuneApril 1, 2012

"Severance has been in the contracts for a long time, and what we've tried to do is focus on the sick leave and reduce sick leave accrual," said Angie Nalezny, the city's human resources director. "On the other hand, employees not using sick leave is a ...more »

Business Law News and Stories

Advertising
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Alta. elections boss warns groups over third-party advertising laws
Canada.comApril 2, 2012

The rules, which demand third-party advertisers register with Elections Alberta, submit financial statements showing where their money comes from, and abide by contribution limits, came into force for the first time in this election period.more »

Federal Grants
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Wayne Pacelle, CEO of HSUS, comes to New Orleans for book-signing
NOLA.comApril 1, 2012

He tells the story of the biggest animal rescue mission in American history and how it led to the federal Pet Evacuation and Transportation Standards (PETS) Act, which requires every local or state disaster response agency receiving funding from FEMA ...more »

Antitrust Law, Domestic
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Express Scripts Judge Asked to Stop Medco Assets Combination
BloombergApril 2, 2012

The trade groups sued Express Scripts and Medco on March 29, claiming the deal would violate antitrust laws by reducing competition and raising consumer prices. They filed a request for a temporary restraining order the following day.more »

Foreign Investments
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Suu Kyi's Party Declares Victory as Myanmar Shifts to Democracy
BloombergApril 1, 2012

Currency Float Myanmar's political opening is moving in parallel with efforts to rewrite investment laws and unify multiple exchange rates that impede trade. The country moved to a managed float of its currency yesterday, scrapping a 35-year fixed rate ...more »

Franchising
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Franchise Clique Signs Sports Clips Haircut
DigitalJournal.com (press release)April 1, 2012

Franchise Clique owner Dave Schwartz and his team are happy to announce the signing of haircut franchise giant Sport Clips Haircuts. The Sport Clips Haircuts Franchise is a business that specializes in men and boys' haircuts. With over 780 stores in 38 ...more »

Banking Law
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Searching shadows for end to foreclosure crisis
Chicago Daily HeraldApril 1, 2012

The homeowner tells the judge he thought a loan modification had been finalized, allowing him to keep the home, until a lawyer called to say it was back in foreclosure. “That's ridiculous,” Lewis tells the lawyer for the bank. “I'm not doing this thing ...more »

Gaming Law
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Spy Games - by Michael Peck
Foreign Policy (blog)April 2, 2012

(Law enforcement agencies contacted the Department of Homeland Security's Science and Technology Directorate for help on a tool to examine gaming console data. The Department of Homeland Security (DHS) then asked the Naval Postgraduate School (NPS) to ...more »

Business Formation
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Crowdfunding JOBS Act helps spur Boulder-based 'stock exchange'
Daily CameraApril 2, 2012

The recently passed JOBS Act also could open the door for more people to get involved with investing in business startups, Metzger said. "What's always been really frustrating is if you're not an 'accredited' investor, you are prohibited from making ...more »

Government Construction Contracts
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DomRep to probe construction firm scandal
CanadianBusiness.comApril 3, 2012

Attorney General Radhames Jimenez said in a news conference that the government's anti-corruption department will be looking into alleged irregularities involving the companies of Sen. Felix Bautista, a close friend of President Leonel Fernandez.more »

Business Law
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Obama's insurance requirement not the only mandate
The Rolla Daily NewsApril 2, 2012

Lindsey Donner, a small-business owner from San Diego, pays the Medicare tax although she and her husband are uninsured. Donner, 27, says she doesn't see much difference between the mandate that workers help finance Medicare and the health care law's...more »

Institutional Investing
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IRA Financial Group Expects Self-Directed IRAs To Gain Popularity with the ...
San Francisco Chronicle (press release)April 5, 2012

President Obama's expected signing into law of the 2012 JOBS Act will help small businesses raise funds from investors with retirement funds. Miami, FL (PRWEB) April 04, 2012 The IRA Financial Group, the leading provider of self directed IRA LLC ...more »

Commercial
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Alternative judiciary, legal literacy need to be promoted
Oman Daily ObserverApril 1, 2012

MUSCAT — “The issue of achieving justice is not the responsibility of the judge alone, but there are other parties to contribute to the achievement of justice (legal awareness, lawyers, laws and witnesses), said Yaqoub Mohammad al Saeedi, ...more »

Law on hospitals removes all doubt
The TennesseanApril 1, 2012

Meanwhile, people who favor maintaining the hospital as a county asset say the proposal simply strengthens existing laws — and the Tennessee Attorney General is on their side. “While this office has not been involved in drafting the bill, (the ...more »

Commercial Bankruptcy
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Consumer 12.0: In defense of Obamacare
Philadelphia InquirerApril 1, 2012

The justices are reviewing the constitutionality of the 2700-page law. CHARLES DHARAPAK / Associated Press I've never had much worry about access to affordable health care, thanks to steady work, good luck on the chronic-disease front, and my sterling ...more »

Internal Investigative Services
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Fired deputy returns to Sheriff's Office
Monroe News StarApril 4, 2012

26 in the midst of an internal investigation, has returned to his duties at the Ouachita Parish Sheriff's Office. "I'm pleased to announce Col. Mashaw's return to the department," Russell said. At the time of Mashaw's departure, Toney said Mashaw, ...more »

Commercial Leasing
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Construction requires lease provisions to line up
Anchorage Daily NewsApril 1, 2012

A question that occasionally comes up is what is the right rent for a building to be built and leased to a company. On its face this looks like it would be fairly straightforward to figure out. But a number of the provisions of the lease need to be ...more »

International Transactions
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Resolute Reduces Minimum Tender Condition and Extends its Offer for Fibrek to ...
MarketWatch (press release)April 2, 2012

"Special warrants" refers to the Fibrek securities issuable to Mercer International Inc. (NASDAQ:MERC) (TSU:CA:MRI.U) , as disclosed by Fibrek and Mercer on February 10. The Company also announced that on Friday, March 30, the Ontario Securities ...more »

Communications & Media
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In opposing Obamacare, we were serious the whole time
CNN (blog)April 2, 2012

He has been heavily involved in the litigation regarding the Affordable Care Act, including having filed briefs on each of the four issues argued before the Supreme Court last week. By Ilya Shapiro – Special to CNN “Can you create commerce in order to ...more »

3 unpaid parking tickets could affect licensing for Michigan drivers
WSBT-TVApril 1, 2012

LANSING, Mich. (AP) — A new Michigan law says motorists with at least three unpaid parking tickets could be blocked from renewing their driver's license. The law, which starts May 16, drops the current threshold to three tickets from six.more »

Construction & Development
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New municipal court building features improvements
Chillicothe GazetteApril 1, 2012

Large said the judges needed more space because in addition to all their files and law books, they often meet with attorneys to discuss cases. "Sometimes they'll have four or five people in the office, and they hardly have room right now," Large said.more »

Locating Funds
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Amendments to the state's Anti-Bullying law makes it a funded mandate
NJ.comApril 2, 2012

With more than one-third of districts responding, the survey showed over $2 million spent on personnel, training and software to implement the law. “We supported the intent of the law,” said Mike Yaple, a spokesperson for the School Boards Association.more »

Contracts Involving State & Minicipality
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No contract agreement for DirecTV, Tribune
NewsdayApril 1, 2012

Business Newsday > Business Content Preview Newsday 7 day/Optimum Online ® subscribers click here for full access Not a Newsday or Optimum Online ® subscriber? Click here Print Aa No contract agreement for DirecTV, Tribune Published: April 1, ...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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Feds Don't Owe Tribal Church for Seized Drugs
Courthouse News ServiceApril 9, 2012

But the decision does give leave for Michael Rex "Raging Bear" Mooney and the Oklevueha Native American Church of Hawaii to fight for declaratory and injunctive relief barring the government from enforcing the Controlled Substances Act against them.more »

Mortgages & Foreclosures
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Governor Deal Signs HB 397 into Law
Duluth WeeklyApril 19, 2012

HB 237: Presently, Georgia law only criminalizes fraud during the mortgage process, but specifically does not penalize similar fraud in the foreclosure process. HB 237, sponsored by Rep. Rich Golick, will make foreclosure fraud a crime in Georgia.more »

Corporate Finance & Taxation
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The letter to Indian prime minister Manmohan Singh
Telegraph.co.ukApril 1, 2012

The sudden and unprecedented move in the Bill has undermined confidence in the policies of the Government of India toward foreign investment and taxation and has called into question the very rule of law, due process, and fair treatment in India.more »

Non-Profit Corporations
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How High CEO Pay Hurts the 99 Percent
Huffington PostApril 4, 2012

During the same period, that of the average CEO of a major US corporation had quadrupled! Bill Clinton took up the issue in his 1992 presidential campaign, and immediately upon taking office had Congress pass a law that forbade companies from recording ...more »

Creditor's Rights
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Tribune stations go dark on DirecTV
VarietyApril 1, 2012

Tribune said Saturday night it had no choice but to pull its signals as federal law requires a contract to be in place for a multichannel video provider to retransmit local stations. DirecTV asserted that it was Tribune's call to go dark -- as ...more »

Professional Corporations
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Practical Law Company Announces Spring Webinar Series for In-House Counsel
Broadcast NewsroomApril 3, 2012

Ensure your class action arbitration waivers are in line with recent legal and regulatory developments. what to consider when structuring your next equipment lease. licenses, IT services agreements and similar technology-focused commercial contracts.more »

Customs Disputes
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Firms fined for export, import violations
Viet Nam NewsApril 2, 2012

HA NOI — The Ha Noi Customs Department has found eight import-export companies in violation of legal regulations so far this year, collecting arrears of VND8 billion (US$380000) for the State budget thanks to post-customs clearance inspections at 49 ...more »

Public Offerings
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Tighter security for SAT, ACT in wake of cheating
Bluefield Daily TelegraphApril 1, 2012

The two companies that administer the tests, the College Board and ACT Inc., agreed to the precautions under public pressure brought to bear by Nassau County District Attorney Kathleen Rice, who is overseeing the investigation. The measures take effect ...more »

Debt Collection
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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 »

Reorganizations & Restructuring
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Trailer Bridge Emerges From Bankruptcy
The Journal of Commerce OnlineApril 3, 2012

Trailer Bridge has emerged from Chapter 11 bankruptcy reorganization Monday following a court's approval last month. Trailer Bridge operates container-barge service between Jacksonville, Fla., and Puerto Rico and the Dominican Republic in addition to ...more »

Debt Settlement
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SFO Secret Settlements, Wells Fargo, Confirmations: Compliance
BloombergApril 2, 2012

Britain's Serious Fraud Office, which prosecutes corporate bribery, uses too many secret settlements in foreign corruption cases, the Organization for Economic Cooperation and Development said. The SFO is using more so-called civil-recovery orders that ...more »

State & Minicipal Bonds
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UK to introduce snooping laws
Business StandardApril 1, 2012

Under the planned new law, internet firms will be required to give intelligence agency, Government Communications Headquarters, access to communications on demand, in real time. The British Home Office says the move is key to tackling crime and ...more »

Directors' & Officers' Liability
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Sen. Coons cosponsoring bill to give federal law enforcement officers better ...
WGMD RadioApril 1, 2012

Senator Chris Coons is cosponsoring a bill that will allow more freedom for federal law enforcement officers to stop crime when they're not on duty. Coons joined Republican Senator Chuck Grassley of Iowa, Republican Representative Dave Reichert of ...more »

Trade Associations
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Some internal trading should be exempt from financial reform law
Crain's Cleveland BusinessApril 2, 2012

Companies currently use centralized hedging, where one or a small number of affiliates act as the external-facing party. This allows companies to concentrate trade expertise, better evaluate counterparty credit risk and secure better pricing through ...more »

False Advertising
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Web privacy rules turn poachers into gamekeepers
GMA NewsApril 3, 2012

The website running the ad earns money when people click on it. It is their lifeblood. "There is no way websites will survive without targeting," said Kimon Zorbas from the Internet Advertising Bureau, an online ad lobby in Brussels.more »

Unfair Competition
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FedEx fails to deliver for drivers
Huffington PostApril 2, 2012

When that happens people lose legal rights, governments lose tax revenue, and businesses gain an unfair advantage over competitors who pay the extra costs to treat their workers as employees. Federal and state governments have started coming down ...more »

Federal Contracts
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APNewsBreak: Federal judge sides with Lowe in her wrongful termination case ...
The RepublicApril 1, 2012

AP BOISE, Idaho — A federal judge has ruled in favor of former Idaho Transportation Director Pamela Lowe on a key legal question of her wrongful termination lawsuit against the state. Lowe contends she received satisfactory job reviews and was fired ...more »

Venture Capital
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ZipLocal Completes Private Placement
StockhouseApril 5, 2012

The Company received all required regulatory and TSX Venture Exchange (the "Exchange") approvals in connection with the Offering. Wildlaw Capital Markets Inc. acted as agent in connection with the Offering and received a commission equal to 6% of the ...more »

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