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

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We Belong Together Women's Human Rights Delegation Calls for the Repeal of ...
Houston ChronicleApril 1, 2012

The delegates left with a promise to continue to fight back against anti-immigrant legislation and to carry the brave women's stories back to their communities. When the law originally passed in June 2011, its many provisions included making it a crime...more »

Jacksonville homicide detectives investigating death of Northside man
Florida Times-UnionApril 1, 2012

By Jim Schoettler Jacksonville homicide detectives are investigating the death of a man found submerged in a water-filled ditch behind a home Saturday night. Homicide Sgt. TK Waters said a woman who lives at 6246 Restlawn Drive flagged down a police ...more »

Business Law News and Stories

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Beef Industry Bruised by 'Pink Slime' Battle
AdAge.comApril 1, 2012

Bettina Elias Siegel, a Texas mom, blogger and former advertising lawyer, started an online petition, asking the US Department of Agriculture to remove the product from school food. Ms. Siegel collected more than 200000 signatures in nine days.more »

Federal Grants
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Leagle.comApril 2, 2012

A. Stephan Botes, proceeding pro se, appeals the district court's grant of summary judgment in favor of Howard Weintraub in Botes's diversity lawsuit alleging fraud, legal malpractice, and breach of contract. For the reasons set forth below, we affirm.more »

Antitrust Law, Domestic
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M.D. Sass, U.S. Bancorp Sued Over Lien Sales Probed by U.S.
BloombergApril 2, 2012

The complaint by homeowner Raymond V. Contarino Jr. was filed March 30 against New York-based MD Sass, US Bank, and four of six individuals who pleaded guilty in a US antitrust investigation of rigged lien sales in New Jersey. It claims they engaged in ...more »

Foreign Investments
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Foster Wheeler Receives Investment-Grade Rating
SunHerald.comApril 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 »

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Big Changes are Happening at Franchise Clique
Virtual-Strategy MagazineApril 1, 2012

For a lot of people that do not know what Franchise Clique is announcing, it simply means that the cruise ship section of the Expedia company has gotten together with Franchise Clique. This partnership agreement allows Franchise Clique to post the ...more »

Banking Law
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Fed may fine firms not part of foreclosure deal
msnbc.comApril 1, 2012

The judge, in a derisive tone, suggested that perhaps the bank and its law firm “do not want the court to confront the conflicted Ms. Stewart,” according to a court transcript. US Bancorp strongly disagreed with the judge's ruling and plans to appeal ...more »

Gaming Law
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Bet Bill Advances
Wall Street JournalApril 4, 2012

AP An Internet gambling bill working its way through the New Jersey legislature would let Atlantic City casinos take bets from gamblers in other states and even other countries, as long as federal and state authorities agree it's legal.more »

Business Formation
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Capital Senior Living Corporation Acquires Five Communities for $49.4 Million
MarketWatch (press release)April 2, 2012

DALLAS, Apr 02, 2012 (BUSINESS WIRE) -- Capital Senior Living Corporation (the “Company”) (NYSE:CSU) , one of the country's largest operators of senior living communities, today announced that it has completed the acquisition of five senior living ...more »

Government Construction Contracts
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Dead end? - Public morgue plans stalled
Jamaica ObserverApril 1, 2012

Before it lost the September 2007 elections to the Jamaica Labour Party (JLP), the PNP government had announced plans to allocate $80 million for the construction of a state-of-the-art morgue. The decision came following embarassing international ...more »

Business Law
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SFO Secret Settlements, Wells Fargo, Confirmations: Compliance
BusinessWeekApril 2, 2012

The SEC has said it's looking into the possibility of fraud by the San Francisco-based company and hasn't concluded anyone broke the law. Wells Fargo failed to produce subpoenaed documents and should be forced to cooperate with the probe into its sale ...more »

Institutional Investing
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Ex-Con Man Says JOBS Law Makes Guys Like Him Rich
BloombergApril 4, 2012

In an election year when pragmatic politicians are laboring to come off as allies of deep-pocketed business donors, the JOBS Act is a slapdash attempt at securities-law deregulation, plain and simple. Discovering Gems The new law has 22 pages of gems ...more »

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Three cases against Jamaat leaders adjourned
Bangladesh News 24 hoursApril 1, 2012

It cannot be acceptable that you go off on a vacation without keeping track of the court proceedings." Ahsan Kabir had to fill in again when the next item on the list, Jamaat assistant secretary general Mohammad Kamaruzzaman's case came for hearing.more »

Health care reform: good for business
Baltimore SunApril 1, 2012

S. Supreme Courtheard six hours of oral arguments for and against the constitutionality of the new health care law. As a small business owner, I am not a constitutional scholar, but I can definitively say this: the Affordable Care Act is cutting my ...more »

Commercial Bankruptcy
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Many oppose health care act, and many don't know its benefits
Baltimore SunApril 1, 2012

But in the court of public opinion, a large percentage of people polled recently want the law scrapped. A CBS/New York Times survey found nearly half of those polled disapprove of the law, while 40 percent want the entire act overturned.more »

Internal Investigative Services
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BHSN Exclusive: FHSAA reviewing Holy Names' internal investigation
Bay News 9April 3, 2012

By Drew Fellios , BHSN Reporter The FHSAA is in the process of reviewing another internal investigation from a Tampa private school. Already dealing with Tampa Catholic, now the Academy of the Holy Names has joined the Crusaders under the FHSAA ...more »

Commercial Leasing
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Office Leasing's Big Drop
Wall Street JournalApril 2, 2012

Commercial real-estate brokerages on Monday begin releasing their reports on first-quarter office-leasing activity, and the numbers don't bode well for the firms' New York profits. The exterior of One Liberty Plaza on Liberty Street between in lower ...more »

International Transactions
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Guam - International Group President Pete Sgro has been elected Chairman of ...
Pacific News CenterApril 1, 2012

Seeking an exemption from the Jones Act to make the price of nearly everything on the island cheaper; 3. Developing the captive insurance industry to get more Asian capital to the island; 4. Pursuing easier ways for Chinese tourists to get to Guam ...more »

Communications & Media
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Congress gets rough treatment at Supreme Court
Statesman JournalApril 1, 2012

Paul Clement, the lawyer representing states opposed to the Patient Protection and Affordable Care Act, talks to media outside the Supreme Court in Washington at the end of arguments on the law's constitutionality. / The Associated Press The Associated ...more »

City attorney on marijuana dispensaries: 'They're not allowed to operate at ...
AnnArbor.comApril 3, 2012

This $150000 public art project in the lobby of the Ann Arbor Justice Center, titled "Radius," awaits approval from the City Council after being selected by the Public Art Commission.Courtesy imageAre you willing to ditch ... Ann Arbor officials heard ...more »

Construction & Development
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Road development puts locals in peril
Times of IndiaApril 1, 2012

There is an alternative way to develop the link road by acquiring barren land at Akkulam, medical college and Kadakampally. However, authorities claim the road can be constructed only by demolishing our homes," said Santhosh Aramthanam, a resident.more »

Locating Funds
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New set of laws are unfair and discriminatory
Monroe News StarApril 8, 2012

State Senator AG Crowe's SB 217 is attempting "to prohibit employment discrimination on the basis of race, religion, national ancestry, age, sex or disability." No problem here; however, his bill forces all state agencies to adopt this definition.more »

Contracts Involving State & Minicipality
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Marriage matter of law
Kansas City Star (blog)April 2, 2012

The act of marriage is a legally binding contract. Somehow organized religion, as faith officials are wont to do, got involved in the process. Now they think it's all about them. It is not. When you want to break that contract, you don't need a priest.more »

Mergers, Acquisitions & Divestitures
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SMSC Reports Fourth Quarter and Full Fiscal Year 2012 Financial Results
MarketWatch (press release)April 10, 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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Synthetic drugs: the new epidemic
The Daily TitanApril 3, 2012

Last December, the Synthetic Drug Control Act was passed, adding more than 30 synthetic drugs that have the same effects of marijuana and cocaine to the Controlled Substances Act and making them illegal to be manufactured or dispensed.more »

Mortgages & Foreclosures
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Fed issues guidelines for banks turning foreclosed homes into rentals; could ...
Washington PostApril 5, 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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Legislative Teleconferences — April 1, 2012
Fairbanks Daily News-MinerApril 1, 2012

Tax/Prevention Fund; SB 226 Purchase & Lease Of Nome Office Building; SB 179 Missing Vulnerable Adult Response Plan; SB 210 Crimes Against Children; SCR 24 Commission On 100th Anniv. of Legislature. 9:30 am—House Finance Committee.more »

Non-Profit Corporations
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Lesbian & Gay Immigrant Families File Suit Challenging Federal Defense of ...
MarketWatch (press release)April 2, 2012

Five lesbian and gay couples filed suit today in the Eastern District of New York, challenging Section 3 of the federal Defense of Marriage Act (DOMA), which prevents lesbian and gay American citizens from sponsoring their spouses for green cards.more »

Creditor's Rights
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The menace of a receivership in corpora...
BusinessDayApril 2, 2012

Furthermore, the unsecured creditors have no right to challenge the level of costs in a receivership even though they have an identifiable financial interest where there are sufficient funds to pay the secured creditors in full.more »

Professional Corporations
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Several Cohen & Grigsby Attorneys Appointed to New Leadership Roles
MarketWatch (press release)April 2, 2012

She specializes in land use litigation and development and appellate, regulatory, administrative and election law issues. She has appeared before municipal governing bodies and zoning hearing boards throughout western Pennsylvania and recently served a ...more »

Customs Disputes
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Restitution sought to care for kids whose moms used them to make porn
Detroit Free PressApril 2, 2012

But turning the children over to foster care wasn't an option. "There was never a choice. If I let those kids go to strangers, I would never forgive myself," Trinity said. "Someone in my family has to show them some normalcy." At an Idaho bus stop, ...more »

Public Offerings
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Ex-Treasurer Cahill to face public corruption charges tied to lottery ads
Wicked LocalApril 2, 2012

By Matt Murphy / State House News Service Former Treasurer Timothy Cahill had been indicted in connection with his use of state Lottery resources to aid his to campaign for governor in 2010, Attorney General Martha Coakley announced Monday.more »

Debt Collection
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Law firm restructuring its management
Washington PostApril 2, 2012

New York law firm Dewey & LeBoeuf is shaking up its management structure after the recent departure of nearly 40 of its 300-plus partners — including the managing partner of its Washington office. Dewey will go from having a sole chairman to a ...more »

Reorganizations & Restructuring
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TMA Turns Spotlight on High-Achieving Chapters and Volunteers
Sacramento BeeApril 4, 2012

... corporate restructuring law. The chapter launched bimonthly education seminars, introduced a certification course based on the TMA Body of Knowledge courses and created an industry database for statistics pertaining to in-court reorganizations.more »

Debt Settlement
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Treasury orders review of Sh50bn loan repayments
Business Daily AfricaApril 3, 2012

By GEOFFREY IRUNGU (email the author) The Treasury has delayed signing a Sh50 billion ($600 million) loan that it has been seeking from international banks to address concerns that the debt could be over-priced. Officials from the Treasury and the ...more »

State & Minicipal Bonds
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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 »

Directors' & Officers' Liability
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AM Best Revises Outlook to Positive for Medical Assurance Company of ...
Insurance News Net (press release)April 2, 2012

The ratings of MACM are reflective of its strong risk-adjusted capitalization, conservative loss reserve position, sustainable expense advantage and dominant position in providing medical professional liability insurance for physicians within ...more »

Trade Associations
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Opening Russia
Huffington PostApril 2, 2012

Still, despite its varied membership, the WTO does play a vital role in opening markets and enforcing rules against unfair trade. This summer, Russia will become the WTO's newest member. And that presents a quandary for the United States.more »

False 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 »

Unfair Competition
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Should American Entrepreneurs Favor Tariffs? (Opinion)
EntrepreneurApril 3, 2012

In a competitive world, they figure that whoever offers the best product or service wins. Their intuition is largely correct. In a few cases of unfair competition, tariffs can help entrepreneurs, but for the most part, they aren't beneficial and can ...more »

Federal Contracts
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Tribune Broadcasting: No deal reached with DirecTV
Wall Street JournalApril 1, 2012

Tribune Broadcasting said in a statement that without a deal in place, DirecTV was barred by federal law from carrying the signal of Tribune's local television stations after midnight, when their agreement expired. The affected markets include New York ...more »

Venture Capital
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Venture-backed IPOs gather steam in US
Globe and Mail (blog)April 2, 2012

Bolstered by soaring US equity markets, venture capital-backed IPOs kicked off 2012 with a roar. During the first quarter, 19 companies went public south of the border, raising $1.5-billion (US), the highest first quarter total in five years.more »


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