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

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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 »

E-commerce tax to target out-of-state retailers
MiamiHerald.comApril 1, 2012

Georgia joined other states this week in passing a law aimed at collecting billions in lost sales tax revenue from online retailers. The Legislature passed the measure as part of a comprehensive overhaul of the state's tax code.more »

Business Law News and Stories

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Senate Democrats Try Again For Political Ad Donor Disclosure Law
All Access Music GroupApril 2, 2012

The latest version of the DISCLOSE Act, the law proposed by Senate Democrats to force disclosure of previously "secret" campaign donations, would require broadcast ads to include the names of the five largest donors for all election-related advertising...more »

Federal Grants
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Gainesville police seek grant for more officers
Gainesville TimesApril 2, 2012

If City Council approves the application, the department would hear news on the grant in October. The Hall County Sheriff's Office was awarded a similar grant in 2002, said Sgt. Kiley Sargent, a spokesman for the agency. The grant staffed three law...more »

Antitrust Law, Domestic
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Will A Continental Congress 2.0 Reboot Our Democracy?
OpEdNewsApril 2, 2012

... the top 10% of wealth owners and equitably distributes the tax burden on all citizens by eliminating unfair loopholes, deductions, exemptions and corporate tax evasion; enforcement of the Sherman Anti-Trust Act to end the mega-monopolies that have ...more »

Foreign Investments
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Higher costs, new laws mean no more free rides on some bank services, accounts
Pittsburgh Tribune-ReviewApril 1, 2012

By Thomas Olson, PITTSBURGH TRIBUNE-REVIEW • On April 23, Citizens Bank will begin charging Circle Checking account holders $15 a month if they don't keep at least $5000 between accounts. The bank will begin charging Quicken and Microsoft Money users ...more »

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Pirates 2012: The Franchise
Beaver County TimesApril 1, 2012

At 25, he seems to be a superstar in the making, and ESPN's Keith Law ranked McCutchen as the third-best talent in baseball 25-and-under coming into spring training. If there was any question of whether McCutchen is now the face of the franchise, ...more »

Banking Law
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Financial crisis leaves familiar telltale signs
The Seattle TimesApril 1, 2012

No, it was caused by Fannie and Freddie and the federal government forcing banks to give mortgages to the poor and minorities. A new deregulation measure with great potential for mischief, the JOBS Act, is headed for President Obama's signature.more »

Gaming Law
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The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible ...
MarketWatch (press release)April 2, 2012

... and (c), the final installment of the payment is due in 10 years--when Wynn Resorts(EQNX::rightsinglequotation) Macau gaming license is set to expire. Wynn Resorts is now under investigation by the Securities and Exchange Commission.more »

Business Formation
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When Business and Personal Combine
Wall Street JournalApril 1, 2012

By IAN SHERR It used to be an easy call for the IT department when an employee's BlackBerry was lost or stolen: If it contained sensitive information, technology teams at many companies had no qualms about remotely wiping all of the data on the device.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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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 »

Institutional Investing
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JOBS Act could spawn investment scam artists
TheNewsTribune.comApril 3, 2012

If, as expected, the Jumpstart Our Business Startups (JOBS) Act that passed through Congress last week becomes law, the big increase in employment most likely will come in the investment scam business. If, as expected, the Jumpstart Our Business...more »

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Signs of Supreme Court activism worry Reagan administration lawyers
Los Angeles TimesApril 1, 2012

If so, it would be the first time since 1936 that the Supreme Court voided a major federal regulatory law. After the healthcare arguments, Fried was among those who worried aloud about the prospect of the Roberts court embarking on a new era of ...more »

Damning verdict on ill-thought-out secret justice proposals
The Guardian (blog)April 3, 2012

... proposals on the freedom of the media to report on matters of public interest and concern. "The role of the media in holding the government to account and upholding the rule of law is a vital aspect of the principle of open justice," the JCHR says.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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Internal probe on MACC trio still on
Free Malaysia TodayApril 9, 2012

by Teoh El Sen KUALA LUMPUR: Malaysian Anti-Corruption Commission (MACC) chief Abu Kassim Mohamed today said that an internal probe against the three officers implicated in Teoh Beng Hock's death was still ongoing, despite almost a year after the Royal ...more »

Commercial Leasing
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Proceedings | Highlights From the WSJ's Law Blog
Wall Street JournalApril 1, 2012

The centerpiece of the Supreme Court's three days of health-care arguments last week was a two-hour session Tuesday morning about the constitutionality of the law's mandate to carry health insurance or pay a penalty. The Wall Street Journal did a quick ...more »

International Transactions
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Cadwalader Nets Multiple Awards at IFLR Americas Awards Ceremony -- Wins Big ...
MarketWatch (press release)April 2, 2012

In this transaction, we called upon expertises in the Investment Company Act, Advisers Act, broker-dealer regulation, banking law issues, tax, secured credit and bankruptcy, the Securities Act, and even a bit of Dodd-Frank." Richard Schetman, Financial ...more »

Communications & Media
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Executive Moves: April 2, 2012
Crain's New York BusinessApril 1, 2012

Jack Trachtenberg, 34, joined the law firm as counsel in the state and local tax practice. He was previously New York Department of Taxation and Finance deputy commissioner and taxpayer rights advocate. April Pottorff, 45, was promoted to principal at ...more »

UAE defends its ouster of foreign groups
NewsWest9.comApril 5, 2012

AP National News Video More>> Moving day: 101-year-old Mich. woman evicted from foreclosed home gets it back 7 months later Supreme Court takes up key health care law issue: Can the gov't force you to carry insurance? ABU DHABI, United Arab Emirates ...more »

Construction & Development
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More clarity needed in service taxation of construction activities
Business StandardApril 1, 2012

A previous article in this series had discussed an important recent judgment of the Mumbai High Court on the vires of the recently introduced Explanation to the relevant definitions contained in service tax law on construction services.more »

Locating Funds
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Legislators Give Government Nod for Constituency Money
AllAfrica.comApril 2, 2012

By Issa Yussuf, 1 April 2012 Zanzibar — Zanzibar House on Friday unanimously approved the newly Zanzibar Constituency Development Fund (ZCDF). The House also unanimously approved another bill to 'nullify the planning commission law No 5 of 1989, ...more »

Contracts Involving State & Minicipality
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Ammunition business leads the way for Alliant
Minneapolis Star TribuneApril 1, 2012

In addition to civilians, the sporting group also markets ammunition and accessories to security companies and law enforcement agencies, which have increased their spending since the 9/11 terrorist attacks. Alliant recently won renewal of a contract to ...more »

Mergers, Acquisitions & Divestitures
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AIMing for an Immense Market Opportunity
Internet EvolutionApril 30, 2012

This becomes especially critical as we see continued activity in mergers, acquisitions, and divestitures. All to applications, infrastructures and processes have to be integrated somehow. So what about some of these new arenas?more »

Controlled Substances Law
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Leagle.comApril 2, 2012

... Court of Common Pleas of Lycoming County (trial court) directing that $1664.00 in United States (US) currency be forfeited to the Commonwealth of Pennsylvania (Commonwealth) pursuant to the Controlled Substances Forfeitures Act (Forfeiture Act).more »

Mortgages & Foreclosures
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Bank Owing U.S. $935 Million Has CEO Family Bad Debts: Mortgages
BloombergApril 19, 2012

“All related party transactions are subject to internal procedures and banking laws and regulations that require they be made on market terms and conditions,” Teruca Rullan, a spokeswoman for Popular, said in an e-mailed statement.more »

Corporate Finance & Taxation
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Spender in the grass
New York PostApril 1, 2012

Nevertheless, Campbell is unabashedly in favor of decriminalization. He says the US could save $13.7 billion a year by not enforcing pot laws or incarcerating the offenders. Why not make money instead, by taxing and regulating “the biggest cash crop in ...more »

Non-Profit Corporations
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Z-Medica® Donates $800000 of QuikClot Combat Gauze® and QuikClot® TraumaPad ...
MarketWatch (press release)April 2, 2012

More information about Z-Medica Corporation is available at . The Syrian American Medical Society (SAMS) is a non-profit, non-political organization. Their members are comprised of medical professionals of Syrian descent.more »

Creditor's Rights
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Scandia recovers from bankruptcy
Napa Valley RegisterApril 2, 2012

JL Sousa/Register A year ago, Finn Jensen was knee deep in bankruptcy proceedings, working with attorneys and the court to save his family-owned and -operated business, Scandia Family Fun Center of Fairfield. Today, Jensen said the fun center's ...more »

Professional Corporations
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Paragon Legal Technology Support Leverages iCONECT's XERA Platform
San Francisco Chronicle (press release)April 3, 2012

ABOUT iCONECT DEVELOPMENT, LLC Providing hosted litigation and e-discovery software for more than a decade, iCONECT Development, LLC is a trusted technology partner for law firms, corporate legal departments, government agencies and legal service ...more »

Customs Disputes
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Immigrants pray bill dies
Hattiesburg AmericanApril 1, 2012

Tere Turner, an employee of Catholic Charities, speaks to a group of immigrants about the potential impact of House Bill 488 on March 23 in Vardaman. Turner says immigrants are asking questions about what to do if the bill becomes law.more »

Public Offerings
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County names Roche as new public defender
Steuben CourierApril 1, 2012

Roche's experience as an attorney and a proposal he made to improve operations in the Public Defender's Office were the chief reasons he was selected for the job, Hauryski said. County Administrator Mark Alger said Roche, a Republican from Erwin, ...more »

Debt Collection
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Showdown in Motown
Wall Street JournalApril 1, 2012

The Detroit city council meets today to consider a state offer to save Motown from bankruptcy. The result will reveal whether even looming catastrophe can break the stranglehood that unions have on urban politics. The city is facing a $200 million ...more »

Reorganizations & Restructuring
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Yahoo restructuring is biggest yet, radical steps needed, analysts say
Los Angeles TimesApril 4, 2012

By Jessica Guynn Yahoo Inc.'s decision to slash 14% of its workers is the biggest restructuring in the company's history, an analyst said. About 2000 workers will be laid off, the Sunnyvale, Calif., company said Wednesday. It expects to record a pretax ...more »

Debt Settlement
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Scammers infiltrating world of mortgages
Columbus DispatchApril 1, 2012

The Ohio attorney general has sued several companies for taking money from homeowners by using such false promises. Nonetheless, the calls keep coming: The attorney general's office has fielded 35 complaints this year, including Kenley's, ...more »

State & Minicipal Bonds
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Chicago Law: Video-sharing battle that has impact across the country ends up ...
Chicago TribuneApril 6, 2012

Flava Works Inc., a Miami-based company that produces X-rated videos, has sued an online video-sharing service over alleged unauthorized posting of its content. Ameet Sachdev's Chicago Law Bio | E-mail | Recent columns Maps 2610 N Miami Ave, Miami, ...more »

Directors' & Officers' Liability
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Opinion Line (April 1)
Kansas.comApril 1, 2012

If the US Supreme Court strikes down the Affordable Care Act on the grounds of government intervention, then surely I'll be able to cancel the liability insurance on my car. Why do liberals fight so hard for pie-in-the-sky entitlements only to ...more »

Trade Associations
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A law-abiding minister?
Namibia EconomistApril 1, 2012

A couple of days ago, the deputy Minister of Trade and Industry, Tjekero Tweya tried, and effectively so, made the Namibian people look like a bunch of 'bimbos'. This was noticed by both Namibians and the diplomatic corps stationed in the country.more »

False Advertising
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OJ Simpson's Former Lawyer Gabriel Grasso Suing Yale Galanter, Other Member Of ...
Huffington PostApril 3, 2012

By KEN RITTER 04/ 3/12 07:49 PM ET OJ Simpson's attorneys, Yale Galanter (L) and Gabriel Grasso (R), are headed toward their own legal battle. LAS VEGAS — A Las Vegas lawyer who represented OJ Simpson in the Nevada trial that led to the celebrity ...more »

Venture Capital
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10 venture capitalists lured by Facebook 'social commerce'
Economic TimesApril 5, 2012

SAN FRANCISCO: The potential of e-commerce on and around Facebook Inc's giant social network has inspired a rash of investments from Silicon Valley venture capitalists and even Wall Street outfits. Here are 10 recent examples.more »

Federal Contracts
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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 »


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