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

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Gunshot confirmed as cause of death in homicide
Ottawa CitizenApril 1, 2012

By Meghan Hurley, The Ottawa Citizen March 31, 2012 8:03 PM An autopsy confirmed Saturday that Ottawa's third homicide victim of the year died from a gunshot wound. Peyman Hatami, 31, was found lying on the ground outside a Chinese restaurant on Dynes ...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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This week's votes in Congress
The Daily ProgressApril 1, 2012

Established by the Communications Act of 1934 as an independent agency, the FCC has jurisdiction in areas such as ensuring competition among telecommunications firms, making broadband available to all Americans, allocating airwaves spectrum, ...more »

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

The New York-based law firm lost 12 insurance and regulatory lawyers to Willkie Farr & Gallagher LLP (1179L) (1179L) on March 17. A call to Dewey's spokesman Angelo Kakolyris wasn't returned. Allen & Overy LLP (323556L) (323556L) announced March 29 the ...more »

Antitrust Law, Domestic
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EU Starts Anti-trust Investigation on Motorola
HispanicBusiness.comApril 4, 2012

The European Commission started investigations Tuesday on whether Motorola Mobility Inc., now a subsidiary of Google, has violated relevant EU anti-trust laws by hindering competitors from gaining access to certain patents. The case was conducted at ...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 »

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Lobbyists give up on wine bill
Rochester Democrat and ChronicleApril 1, 2012

The wine-in-supermarkets lobby, which has pushed millions of dollars into the effort to rewrite laws prohibiting the sale of wine in food stores, has slowed to a crawl this year, subdued by Gov. Andrew Cuomo's opposition to the change.more »

Banking Law
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US Regulators to Move Closer to Designating Systemic Firms
BusinessWeekApril 2, 2012

2 that the first non-bank companies to be deemed systemically risky will be named this year. Under the Dodd-Frank act, once the FSOC designates companies as systemic, the Fed would then subject these firms to heightened standards, including raising ...more »

Gaming Law
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Authorities ramp up efforts to stop illegal gambling
Killeen Daily HeraldApril 1, 2012

Sweepstakes machines resemble slot machines but purport to follow state guidelines that allow customers to win cash prizes above limits set by Texas gambling laws. The county attorney's office is in the process of sending out cease-and-desist letters ...more »

Business Formation
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Signs of Supreme Court activism worry Reagan-era lawyers
Boston HeraldApril 1, 2012

At the heart of last week's argument over the health care law was a dispute over power. Does Congress or the Supreme Court define the limits of economic regulation? The Obama administration's lawyers, relying on 20th century precedents, said Congress ...more »

Government Construction Contracts
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Government Watch: A roundup of this week's agendas
San Luis Obispo TribuneApril 2, 2012

... a $2.2 million contract with JC Baldwin Construction and TerraCosta Consulting Group, and a $34128 agreement with Cannon Corp. for construction monitoring work; report on vacation rental regulations for properties in the city's coastal zone.more »

Business Law
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Senators: Ignore bankers' bluster and let credit unions help small business
Daily CallerApril 3, 2012

More competition is sure to ensue if Congress passes S. 2231, the Credit Union Small Business Jobs Act. The law now caps the amount of small business loans a credit union can make at only 12.25% of its assets. The artificially low cap has become a ...more »

Institutional Investing
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Silicon Valley likes law easing financial rules
San Francisco ChronicleApril 6, 2012

Critics said the new law, dubbed the "Jump-start Our Business Startups" or JOBS Act, could reduce financial transparency and applies so broadly that billion-dollar companies, and potentially much larger corporations, could face less-restrictive ...more »

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CA Consumer Protection Lawyer: Courts Close Calif.'s Injunctive Relief Escape
NewYorkInjuryNews (press release)April 1, 2012

San Francisco, CA (CA Consumer Protection Lawyer News) — California consumers were dealt another blow by a federal appeals court on Wednesday, March 7, 2012, by another ruling in favor of big business instead of in the best interests of consumers, ...more »

Prosecutor balances job, family interests
Parkersburg NewsApril 1, 2012

McCullough noted as Isner's parent she had no legal obligation to do anything. Though she did. She gathered up the stolen goods and stored them in her car until she presented them to police. And she was prepared to testify. McCullough said she sought ...more »

Commercial Bankruptcy
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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 »

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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South Pasadena crime report, April 1: Auto burglary at South Pasadena Racquet ...
Pasadena SunApril 1, 2012

Commercial burglary: Trader Joe's, 613 Mission St., 1:10 pm Los Angeles man, 44, arrested for stealing groceries after pursuit by store employee. Commercial burglary: Pavilions, 2113 Fair Oaks Ave., 2:50 pm South Pasadena man, 48, arrested for stealing ...more »

International Transactions
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Banks under scrutiny over local money laundering
BusinessDayApril 3, 2012

Financial intelligence comes primarily in the form of Suspicious Transaction Reports (STRs), and also Currency Transaction Reports (CTRs). It draws its powers from the EFCC (Establishment) Act of 2004 and the Money Laundering (Prohibition) Act of 2004.more »

Communications & Media
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Longmont road trip coming to find out what a completely wired fiber community ...
Longmont Daily Times-CallApril 1, 2012

Keil said that the Electric Power Board started off providing telecommunications services for businesses, but fought for and got legal clearance to become a provider of all telecommunication services, including television, to every resident and ...more »

I Thought that My Michigan Concealed Pistol License was Good for 5 Years (press release)April 2, 2012

A: MCL 28.425l specifies that renewal licenses expire between 4 and 5 years after issuance. The current law has your second, and all subsequent, CPLs expiring on your birthday at least 4 and not more than 5 years after issuance.more »

Construction & Development
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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 »

Locating Funds
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Banks act to skirt Volcker rule on high-risk trades
Chicago TribuneApril 3, 2012

Investment banks are moving some of the traders known for taking big risks with shareholder cash into their asset management arms, giving them a shot at running their lucrative strategies with outside money to comply with new US rules.more »

Contracts Involving State & Minicipality
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Can Privatization Kill?
New York TimesApril 2, 2012

Proponents of privatization have been keen to argue that the use of contractors does not mean that governments lose control. Yet, privatization introduces a corporate veil that blurs both public oversight and legal accountability.more »

Mergers, Acquisitions & Divestitures
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Evercore Wealth Management Appoints Paulo Coelho, Vice President and Wealth ...
ReutersApril 2, 2012

Evercore's Investment Banking business advises its clients on mergers, acquisitions, divestitures, restructurings, financings, public offerings, private placements and other strategic transactions and also provides institutional investors with high ...more »

Controlled Substances Law
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Court nixes civil suits over lies to grand jury
KSWOApril 2, 2012

Immigration officials say that equals an aggravated felony conviction under the federal Controlled Substance Act, which makes him deportable. Moncrieffe lost appeals of that decision in the lower courts. - to referee a fight between the Arkansas Game ...more »

Mortgages & Foreclosures
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Dubai to Auction Off Foreclosures
NuWire InvestorApril 9, 2012

Real estate prices have tumbled as much as 60% there since 2006 and it was only in 2008 that new laws were introduced regarding foreclosure and repossession in response to the growing number of homeowners who were defaulting on their loans.more »

Corporate Finance & Taxation
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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 »

Non-Profit Corporations
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BIOTRONIK and Heartbeat International Celebrate Reaching Targets for Helping ...
MarketWatch (press release)April 2, 2012

TAMPA, FL, Apr 02, 2012 (MARKETWIRE via COMTEX) -- Heartbeat International Foundation, Inc. (HBI), a global non-profit organization providing cardiovascular implantable devices and treatment to people in need today, announced that its partnership with ...more »

Creditor's Rights
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Pinnacle Airlines Files for Chapter 11 Protection
Wall Street JournalApril 2, 2012

By KRISTIN JONES Pinnacle Airlines Corp. filed for Chapter 11 bankruptcy protection as the company seeks to restructure its agreements with Delta Air Lines Inc. and wind down its operations with United Airlines and US Airways Group Inc. The regional ...more »

Professional Corporations
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Coke withdraws from group that backs Stand Your Ground law
ReutersApril 5, 2012

The move by the world's biggest soft drink maker comes as corporate America faces increased scrutiny from consumers and shareholder activists over lobbying and political spending. PepsiCo Inc ended its relationship with the group - the American ...more »

Customs Disputes
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Move to amend Customs Act draws criticism
LivemintApril 1, 2012

“ (the government) have slipped into the budget, in the Customs Act, the bail provisions of Pota and Tada. There might be a dispute of value addition. There might be a genuine case of evasion. But then the proportionality of the offences and the ...more »

Public Offerings
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Seattle lawyer and doctor rating site Avvo wins free speech suit
TechFlashApril 2, 2012

That's according to the US District Court in Seattle, which ruled last week that the website, with its health and legal directory and question and answer forum, is protected under Washington state's anti-SLAPP (strategic lawsuits against public ...more »

Debt Collection
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Tribune Broadcasting says no DirecTV deal
BusinessWeekApril 1, 2012

Tribune Broadcasting said in a statement late Saturday 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 York ...more »

Reorganizations & Restructuring
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Layoffs Loom at Yahoo
NBC Bay AreaApril 2, 2012

By Rebecca Baron Reuters reports, Yahoo Inc is set to begin layoffs of thousands of employees and undergo a reorganization. The layoffs will begin this week followed by the announcement of a restructuring plan next week. The layoffs, which will not ...more »

Debt Settlement
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Millions of dollars go uncollected in Tarrant County bail bond system
Fort Worth Star TelegramApril 1, 2012

By state law, a bond agent who hasn't paid a judgment cannot write new bonds in Texas. A bail bond board can suspend or revoke licenses of bail agents and discipline them for deceitful practices. * Drop in collections reflects reduction in the number ...more »

State & Minicipal Bonds
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Tampa Bay Law Firm Among Top Florida Title Agents
MarketWatch (press release)April 2, 2012

But the firm gained its reputation as a property-owners' advocate, focusing on bankruptcies, short sales and foreclosures of residential and commercial properties, when the national market began falling in 2008. The abrupt turn left hundreds of ...more »

Directors' & Officers' Liability
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'India not a tax haven'
IANSApril 2, 2012

The reproduction of the story/photograph in any form will be liable for legal action. For news, views and gossips, follow @IANSLIVE at Twitter. Find us on Facebook too! "I play for the team not for individual records," says Sachin Tendulkar.more »

Trade Associations
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Analysis: Europe ponders free trade or fair trade
ReutersApril 2, 2012

In an election campaign speech last month, he threatened to impose unilateral restrictions on public contracts if the EU does not act - a move that would breach European law. EUROPE'S LIMITS Like many trade battles, the dispute pits the interests of ...more »

False Advertising
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'Birther' movement needs to die
Arizona Daily SunApril 2, 2012

The court said it did not have jurisdiction over the matter brought by Lafayette Hill lawyer Philip Berg. The US Supreme Court, which does have jurisdiction, told Berg in 2008 that it would not hear his case nor would it listen to his subsequent ...more »

Unfair Competition
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Amerigas Propane, L.P. v. Opinion Corp. d/b/a Brief in ...
JD Supra (press release)April 4, 2012

Instead, it is suing Opinion Corp., claiming trademark infringement, unfair competition and other related torts of competition. No legal basis exists for AmeriGas to do so, however. There is no unfair competition here, because AmeriGas and ...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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Former Facebook Executive Joins General Catalyst
New York TimesApril 2, 2012

With his new role, he joins a widening circle of Facebook executives who have left the company to tackle venture capital in recent years. He will be based in General Catalyst's headquarters in Cambridge, Mass. “Kevin's experience monetizing social ...more »


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