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

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Washington Wizards' rookies have rough first season
Washington PostApril 1, 2012

The Washington Wizards' draft room was filled with enthusiasm last June when the franchise pulled off what appeared to be a successful coup, despite a talent pool that had been described by most scouts and executives as a weak draft class.more »

Homicide Detectives Investigate Death of 4-year-old
San Diego 6April 1, 2012

By Mike Wille SAN DIEGO - Homicide detectives were called in to investigate the death of a 4-year-old boy today in a Carmel Valley neighborhood, San Diego police said. The 36-year-old mother of the boy flagged down a patrol sergeant who was driving out ...more »

Business Law News and Stories

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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 »

Federal Grants
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Reverend who lost money has criminal past
Fort Wayne Journal GazetteApril 1, 2012

FORT WAYNE – A Fort Wayne man accused of losing hundreds of thousands of dollars of other groups' money is a convicted felon who spent years in federal prison for bank fraud. On Feb. 21,the Rev. Steven E. Clapp, 64, contacted the Religious Institute, ...more »

Antitrust Law, Domestic
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Antitrust Case against Major Media Companies to Move Forward
MarketWatch (press release)April 4, 2012

“This is a major victory for Anderson News that has significant ramifications for antitrust disputes,” said Marc Kasowitz, a partner at Kasowitz, Benson, Torres & Friedman, the law firm representing Anderson News. “The case will now move forward in ...more »

Foreign Investments
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India will continue to woo foreign investments: Montek Singh Ahluwalia
Economic TimesApril 3, 2012

BEIJING: Amid concerns over Indian government's move to amend tax laws retrospectively, Planning Commission Deputy Chief Montek Singh Ahluwalia has said that as a policy the country would continue to woo foreign investments.more »

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Spanish Startups Get Second Wind as Telefonica Seeks Next Tuenti
BusinessWeekApril 1, 2012

Emtrics is testing the application, which lets users rate their customer experience, with companies such as hotelier NH Hoteles SA (NHH) and restaurant franchise Foster's Hollywood. Prime Minister Mariano Rajoy has pledged to pass a law for ...more »

Banking Law
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Protect your identity highlights fraud seminar
The Star DemocratApril 1, 2012

... Anita Wilson, Social Security Administration; Susan Higgs, Older Adult Senior Care Program for Kent County; Melanie Rutkauskas, Better Business Bureau of Greater Maryland; and Thomas Grimes, Maryland Insurance Administration, Fraud Division.more »

Gaming Law
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Recommended Cash Offer for CryptoLogic Limited by Amaya Gaming Group Inc.
Exec Digital (press release)April 4, 2012


Business Formation
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Title company owner gets 18 months for mortgage fraud
Annapolis CapitalApril 1, 2012

And as business slowed, it became the policy of Troese/Hughes to check with Lukenich about when mortgage payoff checks would be mailed out to ensure there were sufficient funds in the escrow account to cover them. Prosecutors said those mortgage payoff ...more »

Government Construction Contracts
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Canadian Shipyard Gets Government Finance for Naval Ship Construction
MarineLinkApril 2, 2012

Irving Shipbuilding Inc. is getting $304 million from the Nova Scotia government to help prepare for the construction of the Royal Canadian Navy's next fleet of vessels, according to a CBC news report. The government's assistance package, ...more »

Business Law
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3 Questions You Didn't Ask Your Contract Attorney
Patch.comApril 2, 2012

Lawyers call these clauses exclusive jurisdiction, venue, and choice of law provisions. By way of example, I recently had a case come across my desk where the defendant was being sued for leased kitchen equipment in a commercial facility.more »

Institutional Investing
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Investment Due Diligence Process a Must for Qualified Retirement Plan Sponsors
MarketWatch (press release)April 3, 2012

PAUL, Minn., Apr 03, 2012 (BUSINESS WIRE) -- Employers who provide qualified retirement plans as an employee benefit are fiduciaries for those plans. That means federal law -- the Employment Retirement Securities Act (ERISA) -- requires them to make ...more »

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Shane Filan's High Court debt battle: Bank of Ireland sues Westlife star who ...
Daily MailApril 1, 2012

Documents lodged in the High Court show that BoI is pursuing cases against the star and two members of his family, Finbarr and Peter. BoI was one of several banks that helped fund Shane's massive property speculations during the boom, which aimed to ...more »

Former Mass. treasurer Cahill pleads not guilty
The Associated PressApril 4, 2012

As a candidate for governor, I could be criticized for approving advertisements that were in the best interest of the lottery," Cahill said. "To act contrary to that interest and not run the ads would have put my own personal and political interests...more »

Commercial Bankruptcy
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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 »

Internal Investigative Services
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TBI investigates allegations that Tipton County deputy had sex with underage girl
Jackson SunApril 13, 2012

The Tipton County Sheriff's Office initiated an internal investigation Monday regarding information that Deputy Sheriff Jason Cochran, 29, allegedly had inappropriate sexual contact with a 17-year-old girl, according to a news release today.more »

Commercial Leasing
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SPECIAL FEATURE: One lawyer, two guvnors
Mortgage IntroducerApril 3, 2012

Eddie Goldsmith, founding partner at Goldsmith Williams, defends the case for one lawyer, two guvnors in bridging cases. “Apologies for alluding to the title of the recent West End Hit with James Cordon but it seems to me that there is an appropriate ...more »

International Transactions
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Broadside for Patel's 'Competition Meddling'
AllAfrica.comApril 11, 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 portent was the suggestion that if the parties wanted their merger to go ...more »

Communications & Media
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Quick Takes: Employers Asking For Facebook Passwords
The UCSD Guardian OnlineApril 2, 2012

Title VII of the Civil Rights Act of 1964 prohibits employment discrimination based on race, color or national origin. Information available on Facebook, such as wall posts in foreign languages and messages relating to cultural events, ...more »

Compulsory licensing Patients vs Patents?
Express PharmaApril 2, 2012

To prevent abuse of the patent system, international patent laws have several in built safe guards and one such provision is compulsory licensing. However, such provisions have to be exercised in extraordinary circumstances such a national emergency ...more »

Construction & Development
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Law stays out of polygamous sect's at-home education
Salt Lake TribuneApril 1, 2012

Thomas Barlow was about 16 when his education came to a halt. "I wasn't done with school, I didn't feel like I was finished. I wanted to keep going," said Barlow, a voracious reader who as a child devoured biographies of famous Americans.more »

Locating Funds
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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 »

Contracts Involving State & Minicipality
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Alabama deadline for businesses to register with E-Verify
The Birmingham News - (blog)April 1, 2012

By Martin Swant --- The Birmingham News Today is the deadline for Alabama businesses to be registered with the E-Verify program under the state's immigration law. The system, which compares data from each employee's Form I-9 with various government ...more »

Mergers, Acquisitions & Divestitures
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Bay Area mergers and acquisitions, April 3
San Francisco ChronicleApril 2, 2012

Notable mergers and acquisitions in the Bay Area last week. Deal type1 Announced Target Target's city Acquirer Acquirer's city Announced value{+2} Payment type Deal status ACQ March 26 Clairmail Inc. San Rafael Monitise PLC London $184.46 Stock Pending ...more »

Controlled Substances Law
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Prohibition's Legacy: Medical Marijuana Patients Remain in Federal Limbo
OpEdNewsApril 5, 2012

By Gershon Siegel (about the author) The Controlled Substances Act, passed by Congress during the Nixon-era, tossed cannabis, aka marijuana, into the same category as heroin. Assigned a "Schedule 1" rating, this group of opiates, psychedelics, ...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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Budget seeks to arm tax department against evasion
LivemintApril 1, 2012

Many individual taxpayers would have welcomed the budget with a wide smile on account of revised tax rates and few additional deductions offered by the finance minister. However, on careful examination of the Finance Bill, one can clearly identify ...more »

Non-Profit Corporations
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How High CEO Pay Hurts the 99 Percent
Huffington PostApril 4, 2012

During the same period, that of the average CEO of a major US corporation had quadrupled! Bill Clinton took up the issue in his 1992 presidential campaign, and immediately upon taking office had Congress pass a law that forbade companies from recording ...more »

Creditor's Rights
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People and Places for April 2
Richmond Times DispatchApril 2, 2012

Frank J. DeGaetani Jr. has joined the Ballato Law Firm. His practice focuses on collections and creditors rights law, landlord tenant litigation, professional and municipal collections, business and commercial law, simple wills and estates, ...more »

Professional Corporations
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Skadden Hires Hong Kong Corporate Partner From Paul Hastings
The American LawyerApril 5, 2012

Michael Gisser, the head of Skadden's Asia practice, says Betts will be admitted as a Hong Kong-qualified lawyer later this month. Betts, who advises on capital markets, mergers and acquisitions, and general corporate matters, has somewhat less ...more »

Customs Disputes
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Mali: Lawyers demand return to democracy
The Nation NewspaperApril 2, 2012

Sanctions have been imposed by some international bodies and countries. Lawyers, in this report by Adebisi Onanuga, Eric Ikhilae and Joseph Jibueze, deplore the coup, suggesting a combination of measures to dislodge the coupists.more »

Public Offerings
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St. Lawrence County negotiating contract with bar association for Assigned Counsel
WatertownDailyTimes.comApril 1, 2012

By MARTHA ELLEN CANTON — St. Lawrence County judges may have to assign attorneys to cases where the public defender and conflict defender cannot represent clients while a new contract is worked out between the county and the bar association.more »

Debt Collection
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Law student from Fort Myers, team thrive in big city
The News-PressApril 2, 2012

The intricacies of bankruptcy law might not get most people's juices flowing, but Fort Myers native Amanda Chazal is a little odd in that sense. Chazal likes the subject so much she hopes to make a career out of it, and she took a big step toward that ...more »

Reorganizations & Restructuring
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Pinnacle Airlines files for Chapter 11 Pinnacle Airlines, plans to restructure ...
Greenfield Daily ReporterApril 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 »

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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Florida: fertile ground for pro-gun laws
Tampabay.comApril 1, 2012

These laws have made it easier to obtain firearms and carry them into more and more places. The NRA was behind a 2008 law that allows employees to bring guns to work, so long as they're locked in the car. Several businesses, like the politically ...more »

Directors' & Officers' Liability
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TeamHealth Enters Into Strategic Marketing Alliance With Specialists On Call
Sacramento BeeApril 2, 2012

The Company cautions that such "forward looking statements," including without limitation, those relating to the Company's future business prospects, revenue, working capital, professional liability expense, liquidity, capital needs, interest costs and ...more »

Trade Associations
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Wanaka businesses defy law on Easter trading
Otago Daily TimesApril 6, 2012

By Debbie Porteous on Sat, 7 Apr 2012 Tourist towns Queenstown and Taupo have exemptions allowing them to trade, but Wanaka is required by law to close. Wanaka Chamber of Commerce president Leigh Stock said yesterday he had not stepped outside his ...more »

False Advertising
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Brown, Warren deadlocked, poll shows
Boston.comApril 1, 2012

And while he remains well liked, with 54 percent of respondents viewing him favorably and 29 percent unfavorably, he now passes the mantle of most-popular to an unexpected successor: Attorney General Martha Coakley, the Democrat who was ridiculed ...more »

Unfair Competition
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Transgender beauty queen allowed to compete in Miss Universe Canada (blog)April 3, 2012

But in this case, there does seem to be an unfair medical/medicinal element in this discussion that I have not heard discussed much. I do believe I said, "LET ME GUESS" which has a tendency to imply a level of opinion lacking in validity. Ha!more »

Federal Contracts
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Finers partner slams SRA's new rules on defending solicitors
The LawyerApril 1, 2012

Jennifer Johnson, SRA head of legal and enforcement, said: “Just as law firms need to identify risks and amend policies accordingly ahead of time, so the SRA needs to regularly review its practices and the terms of its commercial relationships.more »

Venture Capital
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Venture Capital No Longer Hates Us,'s CTO Says
PCWorldApril 3, 2012

By Jeremy Kirk, IDG-News-Service:Sydney-Bureau When Amazon Web Services launched a few years ago, the venture capital community wasn't a big fan. "Many folks in the venture capital community hated us because we robbed them of the opportunity to get to ...more »


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