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

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AP News in Brief at 8:58 pm EDT
NECNApril 1, 2012

A luxury box at the stadium you can afford, but forget about buying the franchise and becoming the "No. 1 fan" of your favorite NFL or Major League Baseball team. The Los Angeles Dodgers just sold for $2 billion, besting the NFL record price of $1.1 ...more »

Detective interviews Bono officials about meeting
The Sheboygan PressApril 1, 2012

"Negligent" violators of the Freedom of Information Act can be charged with a Class C misdemeanor. During questioning, several of the officials acknowledged knowing the gathering after the March 21 special council meeting was illegal but attended ...more »

Business Law News and Stories

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Lawyer: French attacks suspect claimed innoncence
Sacramento BeeApril 2, 2012

By SARAH DiLORENZO AP PARIS -- A lawyer says she has evidence that the man accused of killing seven people in attacks in southwestern France claimed his innocence to police. Mohamed Merah was killed after a more than 30-hour standoff with authorities, ...more »

Federal Grants
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Grant helps 55 animals find homes
Staunton News LeaderApril 3, 2012

STAUNTON — A $10000 grant to the Augusta Regional Society for the Prevention of Cruelty to animals help fund a three-day adoption push this weekend that found homes for 55 animals in the Valley. The grant, one of only 56 awarded by the American SPCA ...more »

Antitrust Law, Domestic
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Apple and Microsoft v. Google: patent war shifts to antitrust
Thomson Reuters News & InsightApril 3, 2012

"You're not going to shut down the smartphone," Posner told Apple's lawyer. "[And] they're not going to shut down the iPhone." The exact same thing could be said of Microsoft's patent war with Google and its Android acolytes. When the smartphone patent ...more »

Foreign Investments
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Italy Senate Can Approve Labor Reform in 40 Days, Schifani Says
BloombergApril 1, 2012

Prime Minister Mario Monti's cabinet passed proposals on March 23 for an overhaul of the country's labor market, saying the changes will help attract investments and bring down a decade-high unemployment rate. The draft law, which includes expanded ...more »

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LA Dodgers: Why Magic Johnson's Group Is Perfect Fit For Desperate Franchise
Bleacher ReportApril 2, 2012

Every team's goal at the start of the season is to win the World Series, but Johnson's comparisons to the Yankees franchise just reaffirms he's willing to make drastic changes. So what does that mean about the franchise's farm system?more »

Banking Law
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Searching shadows for end to foreclosure crisis
BusinessWeekApril 1, 2012

Verna turns the car around in case he needs to make a quick exit and tucks a Smith & Wesson pistol into his jeans. "Just watch your step," the real estate agent says, parting bushes grown across the building's entry path. Beyond is the darkened doorway ...more »

Gaming Law
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Michigan casino campaigns face difficult challenge
Appleton Post CrescentApril 6, 2012

Since voters approved the 2004 constitutional amendment requiring most types of gambling expansion to be approved by statewide and local votes, only a few casinos owned by Native American tribes — exempt from the state law — have managed to open in ...more »

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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Reform on FOI bogs down
Stock and LandApril 10, 2012

A review of published government contracts by The Age has revealed that government agencies spent close to $10 million on new shredding machines over the past three years. By comparison, annual freedom of information reports show that the government...more »

Business Law
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Cadwalader Adds Recognized Washington Attorney to Business Fraud Group
MarketWatch (press release)April 2, 2012

... a leading counselor to financial institutions and corporations, today announced that senior Department of Justice official Adam Lurie has joined the Washington Office as Partner in the firm's Business Fraud and Complex Litigation Department.more »

Institutional Investing
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Healthcare Reform: Bad News for Big Pharma?
Investment UApril 2, 2012

by Jeannette Di Louie, Investment U Research The Patient Protection and Affordable Care Act – less fondly known as “Obamacare” – was the big story to close out the month of March, as the Supreme Court officially took the case.more »

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Bus inspections get lax oversight despite crashes
San Jose Mercury NewsApril 1, 2012

But that didn t mean they were out of the vehicle inspection business. HOUSTON—Months after their state-certified vehicle inspection station was cited by federal authorities for failing to notice defects in a bus that crashed in North Texas, ...more »

President Confident Health Law Will Stand
New York TimesApril 3, 2012

WASHINGTON — President Obama declared Monday that he was confident the Supreme Court would uphold his health care law, saying it would be an “unprecedented, extraordinary” step to overturn legislation passed by the “strong majority of a democratically ...more »

Commercial Bankruptcy
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Pinnacle Airlines flies into bankruptcy
ReutersApril 2, 2012

AMR Corp, the parent of American Airlines, had also filed for bankruptcy late last year. In a filing with a US bankruptcy court, Pinnacle said it seeks to resolve its operational and financial difficulties through the Chapter 11 process.more »

Internal Investigative Services
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European Commission begins anti-trust investigation over Motorola patent tactics 3, 2012

Motorola said that it believes it will be able to prove to the EC that its stance is legal and would help regulators however possible. "Motorola is confident that a thorough investigation will demonstrate that it has honoured its FRAND obligations and ...more »

Commercial Leasing
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Passion, vision fuel niche lawyers
Lawyers WeeklyApril 2, 2012

But whether you stumble into a specialty or answer your calling, there are lessons to be learned from those who have gone where few lawyers have gone before. Montreal lawyer Ann Soden practiced commercial real estate law for more than 10 years before ...more »

International Transactions
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How to fight check fraud
ComputerworldApril 2, 2012

Andrews: Once we encounter a situation where we believe a transaction may be fraudulent, that's where we may kick in with an investigation, working with law-enforcement agencies. Some of these cases are quite large and might involve organized groups ...more »

Communications & Media
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Telecom stakeholders laud Lagos over disability law
Bikya MasrApril 1, 2012

LAGOS: The Association of Telecommunications Companies of Nigeria, (ATCON) has expressed pleasure with the for enacting a law to help the physically challenged persons in the state. The law provides for protection of the interest of persons who live ...more »

Okla. lawmakers look to expand gun rights
Appleton Post CrescentApril 1, 2012

While officials in some states, like Florida, are taking a closer look at gun laws that allow the use of deadly force, Oklahoma lawmakers want to expand an individual's ability to openly carry a gun in public. "I don't think that the laws that we have ...more »

Construction & Development
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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 »

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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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 »

Mergers, Acquisitions & Divestitures
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Hunter Wise Financial Group, LLC, Managing Director Dr. Christopher Gayde ...
MarketWatch (press release)April 4, 2012

Hunter Wise Financial Group, LLC, is a specialized investment bank providing the highest quality level of corporate financing, merger, acquisition, divestiture and advisory services. The Company's clients include small to medium-sized public companies, ...more »

Controlled Substances Law
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Heart of Dankness: Underground Botanists, Outlaw Farmers, and the Race for the ...
lareviewofbooksApril 2, 2012

In an infamous February 2011 memo, Oakland-based US Attorney Melinda Haag pledged to “enforce the Controlled Substances Act vigorously against individuals and organizations that participate in unlawful manufacturing and distribution activity involving ...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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Lobbyist for legal marijuana in Michigan doesn't use it
Detroit Free PressApril 1, 2012

By Bill Laitner It may seem odd that one of the top national advocates for the legalization of marijuana is a young lawyer who doesn't like the drug. Karen O'Keefe, 33, said she tried pot a few times as an undergraduate at Michigan State University but ...more »

Non-Profit Corporations
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Cantwell refuses PAC money, but accepts it from special interests
The Seattle TimesApril 1, 2012

Yet clout can attach to those who deliver, not just sign, campaign checks, argues Paul Ryan, associate legal counsel with Campaign Legal Center, a Washington, DC, nonprofit that promotes transparency in campaign-finance law.more »

Creditor's Rights
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Pinnacle Airlines flies into bankruptcy
Baltimore SunApril 2, 2012

As part of the bankruptcy plan, Pinnacle said it would restructure its key operating agreements with Delta Air Lines and would wind down its operations with United Airlines. The company said it would also look to achieve workforce cost savings by ...more »

Professional Corporations
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'Crowdfunding' Law Close
NuWire InvestorApril 2, 2012

The bill is less restrictive for wealthier investors — they can invest 10 percent of either net worth or income, up to $100000. Securities law experts and others who worry about the potential for defrauding investors favor the Senatebill because it ...more »

Customs Disputes
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UAE and India sign Mutual Assistance in Customs Matters Agreement
WAM - Emirates News AgencyApril 1, 2012

The agreement is based on an international, regional and local legal reference of the international legislation regulating the customs work and World Customs Organizations agreements as well as the Common Customs Law of the GCC States and local ...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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MFIs see sharp rise in securitization deals
LivemintApril 1, 2012

The loan securitization transactions rose in the January-March quarter, bolstered by clarity on regulations and revival in investor confidence. Banks are aggressively returning to the securitization market, after more than a year, also to meet their ...more »

Reorganizations & Restructuring
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Rogers Corporation Updates on Streamlining Initiatives
MarketWatch (press release)April 2, 2012

Actions recently completed by the Company to achieve these savings included improvements in efficiencies of supply chain and manufacturing operations, cost reduction activities across its businesses, and headcount reductions through a voluntary ...more »

Debt Settlement
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Judge Fines Dallas Debt Company $2 Million
KERA NewsApril 2, 2012

A Vermont judge has ordered a Texas debt settlement company to pay a fine of $2 million in a consumer fraud case. Credit Solutions of America also must pay full refunds to 207 Vermonters totaling about $350000. The Vermont attorney general's office had ...more »

State & Minicipal Bonds
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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 »

Directors' & Officers' Liability
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Illinois pension director suggests cuts for retirees
Rockford Register StarApril 2, 2012

Ingram said pension funding is under severe threat from the state's unpaid bills, soaring Medicaid costs and the $85 billion in overall unfunded pension liability, which is expected to rise. "If that is the case, the only other option available that ...more »

Trade Associations
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Fact Check: Despite Baseless Claims, New PA Natural Gas Law Heightens ...
NorthcentralPa.comApril 9, 2012

By Feed: Marcellus Shale Coalition Canonsburg, PA – Transparency is at the core of the region's natural gas industry. The Marcellus Shale Coalition's (MSC) Guiding Principles, in fact, are underpinned by this fundamental commitment.more »

False Advertising
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How to Enhance Your Career by Networking at ad:tech
allvoicesApril 2, 2012

Apart from collegiate academies, ad:tech boasts trade-specific associations for businesses to discover and hire emerging talent in their area. Whether you're looking for a creative mastermind to craft a captivating intro to your home page or a lawyer...more »

Unfair Competition
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EU May Step In to Solve Apple, Microsoft Patent Dispute Against Motorola
WebProNewsApril 2, 2012

In February, Microsoft claimed that Motorola was charging too much for the patents used in its products, calling it unfair, and presented the case to the European Commission. Apple had likewise went to the Commission, accusing Motorola of reneging on a ...more »

Federal Contracts
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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 »

Venture Capital
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IPOs Heat Up, M&A Slows for Venture Capital Companies
MarketWatch (press release)April 2, 2012

NEW YORK, April 2, 2012 /PRNewswire via COMTEX/ -- The public markets showed a strong appetite for US venture capital companies in the first quarter but corporations did not as the pace of acquisitions slowed dramatically. Twenty companies held initial ...more »


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