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

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Teacher Fired After Fertility Treatments
WCTI12.comApril 26, 2012

In its statement, diocese officials said that "the church promotes treatment of infertility through means that respect the right to life, the unity of marriage, and procreation brought about as the fruit of the conjugal act. There are other infertility...more »

220 kids suffer food poisoning at Children's Day celebrating in Mexico
New York Daily NewsApril 30, 2012

Guerrero state Health Secretary Lazaro Mazon Alonso says the party was held Friday at a school in Organos village and people began showing up at hospitals the next day for treatment of food poisoning. He says those fallen ill included 220 children as ...more »

Business Law News and Stories

Advertising
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Sen. Paul looks to limit FTC's authority to enforce antitrust laws
The Hill (blog)April 2, 2012

The Anti-Trust Freedom Act, S. 2269, is a response to what Paul says is the overreach of the Federal Trade Commission (FTC) as it seeks to enforce key antitrust laws — the Federal Trade Commission Act, the Sherman Act and the Clayton Act. Paul argues ...more »

Federal Grants
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Too much power
WatertownDailyTimes.comApril 1, 2012

Tucked into the defense bill passed last year was a provision that grants presidents a dangerous, far-reaching power to ignore the Bill of Rights' protections for Americans suspected of terrorist activities. The National Defense Authorization Act...more »

Antitrust Law, Domestic
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Patent Litigation Risk Drives Microsoft to Move European Distribution Center
PCWorldApril 2, 2012

By Loek Essers, IDG-News-Service:Amsterdam-Bureau Microsoft is moving its European distribution center form Germany to the Netherlands due to ongoing patent litigation, a company spokesman confirmed Monday. The move is prompted by a lawsuit filed by ...more »

Foreign Investments
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Foxconn chairman pledges to raise pay in China, invest in Hainan
Chicago TribuneApril 1, 2012

The move is in response to the independent Fair Labor Association's findings of violations of labor laws by Foxconn, such as letting long work hours and unpaid overtime. Foxconn now supplies 50 percent of the world's consumer electronics, ...more »

Franchising
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Still no baseball deal as informal deadline passes
Standard SpeakerApril 2, 2012

Majority Commissioners Jim Wansacz and Corey O'Brien, as they have for weeks, said the negotiations on a definitive agreement for the sale of the Multi-Purpose Stadium Authority-owned franchise to SWB Yankees LLC and a new lease on the rebuild ballpark ...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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Want to Bet on the 2012 Election? The CFTC Says No
BloombergApril 3, 2012

It was news to me that the Commodity Futures Trading Commission even had the power to decide which futures contracts are in the public interest. That was my ignorance -- it's right there in the Commodity Exchange Act, section 5c(c)(5)(C)(i)(1).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
PR Web (press release)April 1, 2012

Design-build commercial modular construction firm Ramtech Building Systems of Mansfield, TX has announced that the company has secured another large contract for the design, manufacture and installation of three new modular buildings for First Baptist ...more »

Business Law
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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 »

Institutional Investing
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Will Governor Cuomo Seize A Major Opportunity With The DREAM Act?
Huffington Post (blog)April 1, 2012

It is a strange departure from the apparent understanding Governor Cuomo has of investing resources to improve infrastructure throughout the state. What about an investment in the most critical infrastructure we have - people? Surely, support from over ...more »

Commercial
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On the Boards: New members on boards
Philadelphia InquirerApril 2, 2012

Loughridge is senior vice president and chief financial officer at International Business Machines Corp. Malpass is vice president and chief investment officer at the University of Notre Dame. ?Royal Bancshares of Pennsylvania Inc., the Narberth parent ...more »

President Obama signs STOCK Act
Rochester Democrat and ChronicleApril 4, 2012

We were sent here to serve the American people and look out for their interests — not to look out for our own interests.” Rep. Louise Slaughter, D-Fairport, provided the original impetus for the law when she introduced the STOCK Act in 2006 with ...more »

Commercial Bankruptcy
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Dealmaker of the Week: Joseph Shenker of Sullivan & Cromwell
The American LawyerApril 1, 2012

In the wake of the divorce, the team sought Chapter 11 bankruptcy protection in June and then wrangled with MLB over McCourt's attempts to negotiate a television-rights deal with Fox Sports. Between the divorce, the bankruptcy, and the court-supervised ...more »

Internal Investigative Services
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France opens investigation after raids on Islamist radicals
Chicago TribuneApril 3, 2012

The killings have turned internal security into a bigger election issue ahead of the April 22 opening round and may have improved President Nicolas Sarkozy's chances in a race in which he trails in polls behind Socialist rival Francois Hollande.more »

Commercial Leasing
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Lawyer offers advice about opening individual businesses in mainland
China PostApril 1, 2012

Chiang Chih-chun, a lawyer who also advises Taiwan's Straits Exchange Foundation on commercial law issues, said a newly introduced measure allows Taiwanese to set up a business in China more easily since the operation does not have to be in the form of ...more »

International Transactions
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Broadside for Patel's 'competition meddling'
Business DayApril 5, 2012

Such intervention made for bad law, bad competition law and bad industrial policy, he said. There was no clarity, no transparency and a lack of urgency. "The most dangerous porten t was the suggestion that if the parties wanted their merger to go ...more »

Communications & Media
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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 »

Framingham Police Officer's past affects gun license
Wicked LocalApril 1, 2012

A change in the Criminal Offender Record Information, or CORI law, that goes into effect in May is opening juvenile crime records — even those that were sealed by the judge — to the firearms licensing board and other agencies.more »

Construction & Development
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Judge rules Lowe's suit can proceed against Idaho
Idaho Press-TribuneApril 2, 2012

She is seeking back pay, reinstatement or compensation in lieu of that, and attorney's fees. No amount is specified. Lowe contends she received satisfactory job reviews and was fired by the Transportation Department board in a political power play to ...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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Distressed cities weigh bold tactics
Bend BulletinApril 1, 2012

A new state law gives such managers the power to reject contracts, including labor contracts. PHILADELPHIA — Amid all the sobering discussions of what happens when cities run out of money, fiscal sleight of hand and time, the most telling detail at a ...more »

Mergers, Acquisitions & Divestitures
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Deals of the Day: Goldman's Earnings Fall 23%
Wall Street Journal (blog)April 17, 2012

By Stephen Grocer Deals of the Day compiles this morning's biggest news about mergers and acquisitions, banking, bankruptcy and more. Catch us on Twitter, @WSJDealJournal. IBM-Toshiba: Toshiba will acquire IBM's point-of-sale systems operations used in ...more »

Controlled Substances Law
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'Bath salt' poisonings rise as legislative ban tied up
USA TODAYApril 12, 2012

DEA Administrator Michelle Leonhart has used the agency's emergency powers to temporarily outlaw the substances while the FDA conducts the scientific and medical studies needed to include the chemicals under the Controlled Substances Act, ...more »

Mortgages & Foreclosures
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Finding her voice
CommonWealth magazineApril 10, 2012

The attorney general apologized for this fact as she took the stage to address a group of Boston business honchos, popped a couple cough drops into her mouth, and joked that if the audience hit her with a particularly difficult question, ...more »

Corporate Finance & Taxation
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New tax-board review has high stakes for Phila.
Philadelphia InquirerApril 1, 2012

At issue is an arcane concept known as the "common level ratio," computed by the tax board. And its latest calculation was a potentially costly one for Philadelphia. Counties are supposed to submit monthly figures on property sales to the board.more »

Non-Profit Corporations
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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 »

Creditor's Rights
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BUSINESS IN BRIEF 1/4
VietNamNet BridgeApril 1, 2012

The possible bankruptcy of construction company Hanic (SHN) has revealed possible misuses of company funds by staff and drawn attention to the inadequacy of many companies' internal control systems. According to the deputy director of the Ministry of ...more »

Professional Corporations
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business people corporate personnel moves & news
Tulsa WorldApril 1, 2012

His areas of practice include commercial litigation, water law and trust and estate. He graduated from the University of Texas School of Law and earned a bachelor's degree in business administration from Oklahoma State University.more »

Customs Disputes
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Six-day nationwide sweep leads to arrest of more than 3100 criminal aliens and ...
Washington PostApril 2, 2012

US Immigration and Customs Enforcement said the sweep included every state and involved more than 1900 of the agency's officers and agents. The sweep comes nearly a year after ICE pledged to focus on deporting illegal immigrants with serious criminal ...more »

Public Offerings
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Prosecutors: Son accused of stabbing mom to death says Satan did it
Chicago TribuneApril 1, 2012

On Sunday, Nerone's attorney from the public defender's office said he has mental health problems, and Cook County Judge James Brown ordered him sent initially to the jail's hospital for a psychological examination. Brown ordered that Nerone be held ...more »

Debt Collection
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Too Big To Fail Will Eventually Fall Apart: Study
Huffington PostApril 2, 2012

US banks were heavily regulated and kept from getting too big to hurt the economy in the years that followed the Great Depression. They started chafing at their restraints eventually, lobbying for new laws that let them get bigger, more powerful and ...more »

Reorganizations & Restructuring
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Pinnacle Bankruptcy to Bring Changes
Memphis Daily NewsApril 2, 2012

When Menke hired a consulting firm and a law firm to begin the restructuring, Pinnacle stock prices plunged below a dollar a share but have since recovered. Menke described the court filing as “the only feasible course of action to implement our ...more »

Debt Settlement
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A divorce settlement for the eurozone
Financial TimesApril 2, 2012

So we propose the following amicable divorce settlement. Countries leaving the eurozone must rebalance away from growth led by debt, towards export- and income-led growth. Members of a “rump” eurozone should rebalance toward domestic demand.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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Uninsured are letting the public pay their bills
DesMoinesRegister.comApril 1, 2012

The Register doesn't like required health insurance. Many say it is unconstitutional, yet liability insurance on your car is required. Drug insurance wasn't required but promised a penalty in higher premiums if you didn't get it by the deadline.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
[read all news]
PETA Gone Wild: Flour Bombing Kim Kardashian, Accusing HBO of “Murder”
Daily BeastApril 2, 2012

PETA has achieved many victories on behalf of animal rights, not least of which is the elevated awareness of the horror of the fur trade. Sometimes PETA's controversy for controversy's sake approach misfires. Are they their own worst enemy?more »

Unfair Competition
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Dorfman: The case for earned sick time
Wicked LocalApril 26, 2012

As business owners, women want to offer good benefits, but they are often at an unfair disadvantage without a minimum standard in place. When they do decide to offer fair wages and benefits, they run the risk of being undercut by the competition.more »

Federal Contracts
[read all news]
Distressed cities weigh bold tactics
Bend BulletinApril 1, 2012

A new state law gives such managers the power to reject contracts, including labor contracts. PHILADELPHIA — Amid all the sobering discussions of what happens when cities run out of money, fiscal sleight of hand and time, the most telling detail at a ...more »

Venture Capital
[read all news]
Hype Hangs Over Dropbox
Wall Street JournalApril 2, 2012

By GEOFFREY A. FOWLER and JESSICA E. VASCELLARO The online file-sharing company became a hot property in Silicon Valley and snagged a $250 million in venture capital at a $4 billion valuation. It even secured celebrity investments from U2's Bono and ...more »

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