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 »

Men seek equality, say divorce laws treat husbands as ATMs
Deccan HeraldApril 1, 2012

The latest decision of the Union cabinet to amend divorce laws has been opposed by organisations which say they work to protect the rights of men. These organisations claim that divorce laws favour the interests of women and reduce men to being ATMs, ...more »

Business Law News and Stories

Advertising
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Chinese Authorities Crack Down On Reality Television
Daily BeastApril 2, 2012

Over the past six months, China's official TV regulator has issued a string of rules restricting everything from spy dramas and crime stories to programs about time travel. It's also banned foreign dramas during primetime, and has targeted what it ...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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Veteran FCPA and White Collar Attorney Michael Volkov Joins LeClairRyan
Sacramento BeeApril 3, 2012

The former federal prosecutor and veteran white collar defense attorney will provide compliance, internal investigations and representation on enforcement matters across a broad range of issues, including the Foreign Corrupt Practices Act (FCPA) and ...more »

Foreign Investments
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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 »

Franchising
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PRESS DIGEST-Australian Business News - April 2
ReutersApril 1, 2012

"There is always going to be an element of conflict [in share placements between clients of investment banks and long-term shareholders]. The company [raising capital] has to take a firm hand in terms of allocation," Matt Williams, head of equities at ...more »

Banking Law
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Bank employee arrested for car loan fraud
Hindustan TimesApril 1, 2012

Based on secret information, the Delhi Police on Thursday arrested Naveen Shah, a private bank employee, for forging documents to provide car loans to customers. The police have also recovered three i10 cars, a laptop, a few pen drives, ...more »

Gaming Law
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All bets on reach of video poker are off
Chicago TribuneApril 7, 2012

That's on top of 152 communities that have opted out of the 2009 Video Gaming Act, a number that has nearly doubled in the last month or so as the Gaming Board learned of more communities that recently passed bans. The realization by gaming officials ...more »

Business Formation
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Chesapeake Energy cancels some mineral leases in two Colorado counties
Denver PostApril 1, 2012

The move comes as Chesapeake is facing a financing gap and, according to top executives, a waning interest in the Niobrara formation in Colorado. There also are about 140 lawsuits in Michigan, where oil and gas companies were buying up leases in the ...more »

Government Construction Contracts
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German Industrial Output Declined More Than Forecast in February
BloombergApril 5, 2012

German industrial output fell more than economists forecast in February as cold weather kept workers off construction sites. Production (GRIPIMOM) decreased 1.3 percent from January, when it rose a revised 1.2 percent, the Economy Ministry in Berlin ...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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investing in sin
Taranaki Daily NewsApril 1, 2012

Ask the average person if they'd invest their hard- earned money in a law-suit-prone industry that makes addictive, cancer-causing products and the answer would almost predictably be "no". But what if these companies delivered a near-60 per cent return ...more »

Commercial
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Partners in crime
The LawyerApril 2, 2012

In all lines of business there will be people who decide to abuse their position for personal gain, but when it is a lawyer doing so, it just feels that much more heinous - like hearing a vicar swear. Between 2010 and 2011, an unusually high number of ...more »

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 »

Commercial Bankruptcy
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Alabama Fools' Day
Huffington Post (blog)April 2, 2012

On April Fools' Day Alabama's immigration law (HB 56) mandates E-Verify for all employers. E-Verify is a federally run electronic employment verification system that checks employee identification against government records to weed unauthorized ...more »

Internal Investigative Services
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White Collar Crime & Investigations Law Update -- March 2012
JD Supra (press release)April 2, 2012

by Ruskin Moscou Faltischek on 4/2/2012 The SAT cheating scandal in Nassau County underscores every school district's need for quality, proactive advice whenever a traditional school disciplinary matter may require referral to law enforcement.more »

Commercial Leasing
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New drilling law deepens discord
Youngstown VindicatorApril 1, 2012

He said that late last year, environmental groups indicated they wanted to work on disclosure language in the legislation so that it was more like the Colorado law. “This law was universally accepted as the gold standard,” said Crompton.more »

International Transactions
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Winner Medical Announces Receipt of Non-Binding Going Private Proposal
MarketWatch (press release)April 2, 2012

However, I am sure you will agree that it is in all of our interests to proceed in a confidential manner, other than as required by law, until definitive agreements providing for a transaction have been executed or we have terminated our discussions.more »

Communications & Media
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Can News stop the stench spreading?
Maribyrnong WeeklyApril 1, 2012

In Australia, a narrow version of the test is overseen by the Australian Communications and Media Authority, which is not currently looking at News Corp as a quarter owner of Foxtel. Under the Australian Broadcasting Act, ACMA may consider: the licence ...more »

Concealed Weapons in Public and Your Dealership
Tire ReviewApril 5, 2012

A license or permit could be issued to anyone with “good character” and who could demonstrate a “good purpose” or “proper cause” for carrying a concealed weapon. In recent years, however, there has been a dramatic increase in state gun laws that allow ...more »

Construction & Development
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Obama's insurance requirement not the only mandate
Atlanta Journal ConstitutionApril 1, 2012

FILE - In this March 28, 2012, file photo states' attorney generals, including Florida's Pam Bondi, left, walk down the steps of the US Supreme Court in Washington at the end of arguments on the constitutionality of the health care law signed by ...more »

Locating Funds
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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 »

Contracts Involving State & Minicipality
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Federal Highway Administration Concerned About Law Granting Mayors the Power ...
Pacific News CenterApril 1, 2012

“This law is in conflict with the Stewardship Agreement between the Federal Highway Administration – Hawaii Federal-aid Division and the Government of Guam that was executed between the FHWA and the Government of Guam on May 24, 2007.more »

Mergers, Acquisitions & Divestitures
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Pete Escobar Joins Plexis as Vice President of Customer Care.
San Francisco Chronicle (press release)April 5, 2012

... leadership including software development, customer delivery, corporate transformations, process improvements, information security, mergers, acquisitions, divestitures, strategic development, international business, and regulatory compliance.more »

Controlled Substances Law
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FANNIN COUNTY SHERIFF'S OFFICE IS TAKING BACK UNWANTED PRESCRIPTION DRUGS...
Fetchyournews.comApril 17, 2012

Four days after the first event, Congress passed the Secure and Responsible Drug Disposal Act of 2010, which amends the Controlled Substances Act to allow an “ultimate user” of controlled substance medications to dispose of them by delivering them to ...more »

Mortgages & Foreclosures
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The Law Offices of Lance Denha P.A.'s Recently Released Analysis Speaks to ...
San Antonio ExpressApril 10, 2012

According to RealtyTrac, foreclosure activity increased by 3% in January 2012, with certain states experiencing a sharp increase in default notices. The firm's latest data show that properties entering the first stage of the foreclosure process...more »

Corporate Finance & Taxation
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Criminal background checks provide patchwork protection against rogue doctors
American Medical NewsApril 2, 2012

About two-thirds of medical boards have the authority to investigate whether a physician has a criminal history, but rules vary by state. By Carolyne Krupa, amednews staff. Posted April 2, 2012. Driving under the influence, tax evasion, fraud, ...more »

Non-Profit Corporations
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Business briefs & newsmakers
The News-PressApril 3, 2012

The class will have two guest speakers: Jim Kerr, a local estate attorney, will talk about the current issues in the federal estate tax law and also touch on estate planning, particularly within the state of Florida. Also speaking will be Joe Pankus, ...more »

Creditor's Rights
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American Airlines CEO tackles bankruptcy
ReporterNews.comApril 1, 2012

The company seemed to lack fresh ideas. Investor patience with CEO Gerard Arpey was running out. The 50-year-old Horton, a devoted runner who trains for marathons, wants to set a fast pace and push American through bankruptcy. He says the company can't ...more »

Professional Corporations
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Business Law Corps offers free legal advice for startups
Hawaii Business MagazineApril 3, 2012

A trio of attorneys – two recent law-school graduates and a veteran – aim to help deserving business owners with what they call the Craigslist of free legal services. The nonprofit, called Business Law Corps, was launched Jan. 1 by Gregory Kim, ...more »

Customs Disputes
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HMRC rethink on tax rules for smartphones
Employee BenefitsApril 2, 2012

Employees could be disadvantaged after HM Revenue and Customs (HMRC) changed its definition of mobile phones for tax purposes to include smartphones and personal digital assistants. Previously, HMRC had said a mobile could be offered as a tax-efficient ...more »

Public Offerings
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Longtime local, state leader Longmire dies
Grand Forks HeraldApril 1, 2012

George Longmire, a Tennessee gentleman transplanted to North Dakota, a state senator and attorney active in community groups such as the Lions Club, died March 25 at Auburn Manor in Chaska, Minn. He was 96. George Longmire, a Tennessee gentleman ...more »

Debt Collection
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Tribune Broadcasting says no DirecTV deal
BusinessWeekApril 2, 2012

In a statement late Saturday, Tribune Broadcasting said that without a deal in place, by federal law DirecTV cannot carry the signal of Tribune's local television stations after midnight, when the agreement expires. The affected markets include New ...more »

Reorganizations & Restructuring
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Pinnacle Airlines files for Chapter 11 reorganization to continue implementing ...
Travel Daily News InternationalApril 4, 2012

Pinnacle expects to accomplish several key initiatives during the restructuring process to help ensure that it returns to profitability and remains viable over the long term as the regional airline industry continues to contract and transform.more »

Debt Settlement
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Foreclosure settlement about to take another swipe at homeowner equity
OregonLive.comApril 1, 2012

(Note the frequent use of the word "alleged" because no one has admitted any wrongdoing or been charged with any crime.) As we now know, one of the key features of the consent judgment is that these banks are required to offer principal reductions to ...more »

State & Minicipal Bonds
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Law Firm Brower Piven Announces Investigation of Offer to Purchase Avon ...
MarketWatch (press release)April 2, 2012

STEVENSON, Md., Apr 02, 2012 (BUSINESS WIRE) -- The law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Avon Products, Inc. (NYSE:AVP) ...more »

Directors' & Officers' Liability
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TRS director: Retirees might have to take pension cut
Northwest HeraldApril 2, 2012

The triple threat of the state's unpaid bills, skyrocketing Medicaid costs and $85 billion in overall unfunded pension liability could crowd out pension funding, the amount of which is scheduled to continue to rise, Ingram wrote.more »

Trade Associations
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Group files UN complaint on Ala. immigration law
Boston.comApril 2, 2012

It says the law and the US government's inability to come up with a national immigration policy hurts workers and trade unions. The law prevents people from knowingly transporting illegal immigrants and prohibits courts from upholding contracts made ...more »

False Advertising
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Cahill pleads not guilty to public corruption charges
Boston HeraldApril 4, 2012

“No one used public money to produce and run a campaign ad.” Attorney General Martha Coakley alleges Cahill, a 53-year-old Quincy Democrat, used $1.5 million in state lottery funds to run a carefully coordinated advertising campaign touting the lottery ...more »

Unfair Competition
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Netflix's Reed Hastings takes a swing at Comcast in the name of net neutrality
Washington PostApril 17, 2012

Netflix head honcho Reed Hastings isn't one to keep quiet when he feel like his company isn't getting a fair shake against the competition. But unlike most CEOs who use official channels like press releases or company blogs, he doesn't hesitate to fire ...more »

Federal Contracts
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Snags leading to more real estate contract cancellations
Los Angeles TimesApril 1, 2012

Along the way, frozen pipes in the unheated house broke and a contractor hired to do repairs filed a mechanic's lien requiring payment before the title could be transferred. All of this combined to kill the financing and torpedo the closing, ...more »

Venture Capital
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Brazilian Venture Capital Company Ideiasnet Announces the Best Annual Results ...
MarketWatch (press release)April 3, 2012

RIO DE JANEIRO, April 3, 2012 /PRNewswire via COMTEX/ -- Ideiasnet, a Brazilian venture capital company founded in 2000 that invests in fast growing tech companies, has achieved the best results in its history this year. The changes implemented by the ...more »

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