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

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Supreme Court gave Congress rough treatment at health-care hearing
Naples Daily NewsApril 1, 2012

By Mark Sherman of AP AP Supporters of health care reform stand in front of the Supreme Court in Washington, Wednesday, March 28, 2012, on the final day of arguments regarding the health care law signed by President Barack Obama.more »

IRS Tax Tips: Don't Make Mistakes!
Patch.comApril 1, 2012

Here are eight common tax return errors to avoid, courtesy of the IRS: Incorrect or missing Social Security numbers: When entering SSNs for anyone listed on your tax return, be sure to enter them exactly as they appear on the Social Security cards.more »

Business Law News and Stories

Advertising
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Pricey rats removed, pirate ship Bangun Perkasa crawls toward eventual fate
Alaska DispatchApril 1, 2012

Nobody came forward to claim the vessel, despite advertising appeals in several newspapers including the Asian Wall Street Journal, said attorney Joshua Freeman of the US Attorney's office in Anchorage. The federal government has physical but not legal ...more »

Federal Grants
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Boies Hire, Verrilli Ad, Justice Tax Chief: Business of Law
BloombergApril 2, 2012

Dewey has had 38 partners leave since the start of the year, according an article in The American Lawyer magazine. The New York-based law firm lost 12 insurance and regulatory lawyers to Willkie Farr & Gallagher LLP (1179L) on March 17.more »

Antitrust Law, Domestic
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Physicians Post-PPACA: Not Going Bust At The Healthcare Buffet (Conclusion)
Physicians News DigestApril 2, 2012

Thus, a possible option is to partner with an insurance company through employment or other contractual means. In some cases, this may be a very positive option for physicians. However, it should be noted that in the 1970s and 1980s, Prudential was a ...more »

Foreign Investments
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Law & Disorder: Man found dead in ditch; 2 homes roped off
Florida Times-UnionApril 1, 2012

By The Times-Union 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 in the 6200 block of Restlawn Drive flagged ...more »

Franchising
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Business Observer for Sunday, April 1
Fayetteville ObserverApril 1, 2012

The franchise owner is Mike "Buzz Saw" DeGroff, who retired from the military in June as a command sergeant major after serving 28 years in Special Forces and the 95th Civil Affairs Brigade. The business provides a full range of comprehensive sign and ...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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Judge delays decision on gambling hall
Aiken StandardApril 3, 2012

Circuit Judge Ernest Kinard said at a hearing Monday that he just recently found out he was supposed to decide if the Catawba Indian Nation can immediately begin offering gambling. He said he'll need to review the hundreds of pages of legal documents ...more »

Business Formation
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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 »

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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This Week in Small Business: Meet Your Start-Up Mate
New York Times (blog)April 2, 2012

Small-business groups argue both sides of the law, and a small-business lobby spends a million dollars assaulting it. Madison Park and Elizabeth Landau reveal lesser known effects of the bill. Take this quiz to find out how much you know about reform.more »

Institutional Investing
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Tax law change 'scaring' overseas investors: Karan Bilimoria
TwoCircles.netApril 15, 2012

... amend a law retrospectively to tax global merger and acquisition transactions involving Indian assets is "scaring" foreign investors and might hit fund flows from overseas, believes Lord Karan Bilimoria, president of the UK-India Business Council.more »

Commercial
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Business Digest: Widgets & Stone names Meredith
Chattanooga Times Free PressApril 1, 2012

DuPre represents a variety of business clients including corporations, shareholders, trustees, financial institutions, and syndication agents in commercial litigation, bankruptcy, and restructuring. KMT Creative Group has been awarded Gaylord ...more »

How Investing Turns Nice People Into Psychopaths
The AtlanticApril 4, 2012

By Lynn Stout The evidence suggests that corporations might encourage people to think and act more anti-socially. What does owning stock do to our brains? It's conventional wisdom in business circles today that corporate directors should "maximize ...more »

Commercial Bankruptcy
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Pinnacle Airlines files for bankruptcy protection
Sacramento BeeApril 2, 2012

Pinnacle Airlines says it's filed for bankruptcy protection in order to deal with its mounting debt and costs. The Memphis, Tenn.-based airline operates regional flights as Delta Connection, United Express and US Airways Express.more »

Internal Investigative Services
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France opens investigation after raids on Islamist radicals
Reuters UKApril 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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Thieves use ticketing facility on train to commit crime
Times of IndiaApril 1, 2012

Taking a serious view of the situation, railway SP M Kantha Rao wrote to the DRM and commercial manager asking them to see that the train ticket examiners (TTE) collect all the details of the general ticket passengers who subsequently seek ...more »

International Transactions
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Are taxpayers paying the price of a turf battle?
Business StandardApril 1, 2012

I am not questioning the legislature's wide latitude to enact retrospective laws. Neither do we want to debate instances where one of these three pillars sought to usurp each other's bastion. Instances of retrospective amendments in annual finance...more »

Communications & Media
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America Movil to Benefit as Brazil Predicts Jump in Pay-TV Homes
BloombergApril 2, 2012

... said Joao Batista de Rezende, president of Brazil's telecommunications regulator known as Anatel. Expansion of the middle class and newly approved regulations, along with lower prices and expanded offerings, will fuel growth, he said.more »

Got guns? Sales, permits shoot up in Mass.
MetroWest Daily NewsApril 1, 2012

By David Riley, Daily News correspondent Mirroring a statewide trend, more MetroWest residents today hold the most common type of gun license available in Massachusetts than two years ago, state firearm records show. A greater number of residents held ...more »

Construction & Development
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Staten Island attorney is fighting mad over 1/8-inch of flooring
SILive.comApril 2, 2012

A dispute over the thickness of the laminate flooring Keith Campanella of Campa Construction Corp. installed at the offices of the Behrins Law Firm in Bloomfield, along with other modifications, alleges attorney Jonathan B. Behrins.more »

Locating Funds
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Officials ponder how to ensure healthcare reform in California
Los Angeles TimesApril 2, 2012

As the US Supreme Court considers the fate of the federal Affordable Care Act, legislation in California could pave the way for a state substitute, if needed. Supporter of healthcare reform demonstrate in front of the Supreme Court in Washington on the ...more »

Contracts Involving State & Minicipality
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Staten Island attorney is fighting mad over 1/8-inch of flooring
SILive.comApril 2, 2012

A dispute over the thickness of the laminate flooring Keith Campanella of Campa Construction Corp. installed at the offices of the Behrins Law Firm in Bloomfield, along with other modifications, alleges attorney Jonathan B. Behrins.more »

Mergers, Acquisitions & Divestitures
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DealCapital.com Launches New Site Focused on Investment Banking Industry
TopWireNews (press release)April 9, 2012

Deal Capital is pleased to announce the launch of its new website which will feature more emphasis on mergers, acquisitions, and investment banking. The site will focus on DealCapital's specialty consulting services on strategies for enhancing healthy ...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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2011 revaluation prompts calls for Mecklenburg County audit
Charlotte ObserverApril 5, 2012

Concerns raised about revaluations here and elsewhere in North Carolina have prompted state House Speaker Thom Tillis of Cornelius to convene a panel to look into whether the General Assembly needs to make any changes to state law.more »

Corporate Finance & Taxation
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Reich: Political jujitsu to save health care law
San Francisco ChronicleApril 1, 2012

If the Supreme Court decides that the individual mandate requiring everyone to buy health insurance is an unconstitutional extension of federal authority, the law starts unraveling. But with a bit of political jujitsu, President Obama could turn that ...more »

Non-Profit Corporations
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Improve oversight of nonprofits
Pittsburgh Post GazetteApril 8, 2012

Gifts to charities are tax deductible, as well. In exchange for this public support, these organizations owe more accountability to the public. A critical mechanism for policing for-profit corporations is the shareholder's derivative lawsuit.more »

Creditor's Rights
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Pinnacle bankruptcy affects Minnesota
KAREApril 3, 2012

MINNEAPOLIS - Pinnacle Airlines applied for Chapter 11 bankruptcy this week. The impact was immediate in Minnesota, where the regional carrier is the only daily service in several cities. Pinnacle is based in Memphis, Tennessee.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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Leadership still an issue with TUCP's two camps
BusinessWorld Online EditionApril 1, 2012

In a statement issued yesterday, the dissenting TUCP group led by lawyer Democrito T. Mendoza “strongly protest[ed], the action taken by ITUC-AP (International Trade Union Confederation-Asia-Pacific) General Secretary Noriyuki Suzuki and the ITUC-AP ...more »

Public Offerings
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North Bergen hires attorneys to represent state-probed DPW at standard ...
The Jersey Journal - NJ.comApril 2, 2012

By John Heinis/The Jersey Journal NORTH BERGEN The township has hired a battery of attorneys to represent the Department of Public Works and a supervisor, which are being investigated by the state Attorney General's office. Vincent LaPaglia, of Hoboken ...more »

Debt Collection
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DirecTV subscribers lose Tribune programming
ABC7Chicago.comApril 1, 2012

Tribune Co., owner of the Los Angeles Times and Chicago Tribune, other newspapers and the Chicago Cubs and Wrigley Field, has hired financial advisers ahead of a possible filing for bankruptcy-court protection, according to reports on Sunday Dec.more »

Reorganizations & Restructuring
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Yahoo CEO Announces Plan to Reorganize, as Proxy War Continues
ValueWalkApril 10, 2012

Whatever the outcome of this particular restructure it is likely that Dan Loeb won't be placated by it. He thinks the company's value is far above its current price and much of his discussion of the comapny concentrates not on Yahoo itself but on the ...more »

Debt Settlement
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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 »

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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How network discounts can impact stop loss pricing
Smart Business NetworkApril 1, 2012

When third-party administrators (TPAs) solicit quotes for stop loss insurance for their client companies that self-insure, they may not be getting the maximum discounts available from stop loss carriers if the carriers don't receive transparent data ...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
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How lawyers got green light to advertise services
The StandardApril 1, 2012

One was constitutionality of Section 32 of the Advocates Act, which requires all newly admitted advocates to work for at least two years as employees in other law firms, or in Attorney General's (AG) chambers or in other organisations approved by ...more »

Unfair Competition
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Internet Giants Tencent, 360 Begin Legal Battle
CRIENGLISH.comApril 18, 2012

Court proceedings began Wednesday for Qihoo 360 and Tencent, two Chinese Internet giants, with Qihoo 360 suing Tencent over the alleged abuse of its market dominance and unfair competitive practices. Qihoo 360, a leading antivirus software developer, ...more »

Federal Contracts
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Annabi verdict is latest win for U.S. attorney
The Journal News | LoHud.comApril 1, 2012

“The scorecard looks pretty attractive,” said Bennett Gershman, a legal analyst and professor at Pace University School of Law in White Plains. “If this was baseball, you've got a pretty good won-loss record. I think they should be pretty proud of ...more »

Venture Capital
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What Smart Techies Are Stealing From Finance
TechCrunchApril 1, 2012

Editor's Note: Alexander Haislip is a marketing executive with cloud-based server automation startup ScaleXtreme and the author of Essentials of Venture Capital. Follow him on Twitter @ahaislip. “Portfolio” is a word that Silicon Valley loves.more »

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