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

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Chambers County woman convicted of conspiracy involving destructive devices
Your Houston NewsApril 1, 2012

Pamela Leggett, 31, of Anhuac, Texas, has entered a plea of guilty to conspiracy to illegally receive, make and possess unregistered firearms and destructive devices and to aiding and abetting illegal possession of an unlawful machine gun, ...more »

Complicated development rule changes in Houston await vote
Houston ChronicleApril 1, 2012

By Chris Moran Washington Court, a group of detached family residences by Weekley Homes, is shown under construction on Friday in the Rice Military neighborhood. The city is looking to revise its Chapter 42 regulations on development.more »

Business Law News and Stories

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Business Litigation Attorney Daniel W. Matlow Announces Prestigious Rating
Sacramento BeeApril 2, 2012

By Daniel W. Matlow, PA FORT LAUDERDALE, Fla., April 2, 2012 -- /PRNewswire/ -- South Florida business litigation attorney, Daniel W. Matlow ( has achieved the esteemed Lexis-Nexis Martindale-Hubbell® Peer Review AV Preeminent Rating ...more »

Federal Grants
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For-profit colleges reflect on Sen. Dianne Feinstein
The Desert SunApril 2, 2012

The situation raises possible conflict-of-interest questions for Feinstein, D-San Francisco, because of her role in bills that have aided the industry by boosting the funds that sustain it: Federal loans and grants to college students.more »

Antitrust Law, Domestic
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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 »

Foreign Investments
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International business attacks retrospective Indian tax law 1, 2012

Photo: Andia / Alamy By Jonathan Russell The changes, which could crystallise a £1.4bn tax charge for Vodafone, threaten an exodus of international investment from India according to some of the world's most powerful trade bodies.more »

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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 »

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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Recommended Cash Offer for CryptoLogic Limited by Amaya Gaming Group Inc.
MarketWatch (press release)April 3, 2012


Business Formation
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NYC run over
New York PostApril 1, 2012

“It's a crisis,” said Michael McKeon, a spokesman for Fraud Costs New York, a coalition of consumers, businesses, elected officials, insurance trade associations and others battling auto insurance fraud in New York state. McKeon said the crisis needs ...more »

Government Construction Contracts
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British military contracts KBR support
UPI.comApril 3, 2012

"KBR is pleased to have been awarded this contract to support UK operations," said Andrew Pringle, president, KBR International Government, Defense and Support Services. "Our experience gained by previous (Ministry of Defense) operational support ...more »

Business Law
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Many oppose health care act, and many don't know its benefits
Baltimore SunApril 1, 2012

But in the court of public opinion, a large percentage of people polled recently want the law scrapped. A CBS/New York Times survey found nearly half of those polled disapprove of the law, while 40 percent want the entire act overturned.more »

Institutional Investing
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Fiduciary advocates urge SEC not to reinvent wheel
InvestmentNewsApril 1, 2012

By Mark Schoeff Jr. Several organizations backing higher standards for retail investment advice are urging the SEC to require brokers to act in the best interests of clients with some adjustments for their business practices rather than formulate a new ...more »

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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 »

Law Offices of Howard G. Smith Announces Investigation of DDi Corporation
SunHerald.comApril 5, 2012

Law Offices of Howard G. Smith announces that it is investigating potential claims against the Board of Directors of DDi Corporation (“DDi” or the “Company”) (NASDAQ: DDIC) related to the proposed acquisition of the Company by Viasystems Group, ...more »

Commercial Bankruptcy
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VietNamNet BridgeApril 1, 2012

The possible bankruptcy of construction company Hanic (SHN) has revealed possible misuses of company funds by staff and drawn attention to the inadequacy of many companies' internal control systems. According to the deputy director of the Ministry of ...more »

Internal Investigative Services
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How to Fight Check Fraud
PCWorldApril 2, 2012

Charles Andrews, TeleCheck: Potential cases come from many different directions--from victims, law-enforcement agencies and our own internal systems--and then we use different tools to determine which cases require investigation.more »

Commercial Leasing
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Industry Veterans Join MultiSource Capital (press release)April 2, 2012

Danny also is a Corporate/Commercial lawyer and a CA with experience in audit and advisory. Sinclair brings with him a breadth of experience in equipment finance. His leasing career highlights include 17 years at Xerox Canada in sales and lease...more »

International Transactions
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Juan Pablo Cappello Distinguished Chilean Serial Entrepreneur and Co-Founder ...
Virtual-Strategy MagazineApril 1, 2012

Juan Pablo Cappello, a Corporate & Securities shareholder in the Miami office of international law firm Greenberg Traurig has been named a “Top 50 Entrepreneur” by Business Leader magazine. An awards reception was held for honorees on Monday, ...more »

Communications & Media
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Global firms 'may rethink India'
BBC NewsApril 2, 2012

Seven international trade associations have written to Indian Prime Minister Manmohan Singh criticising a new tax proposal under which even 50-year-old corporate deals could be scrutinised. The proposals were announced as part of India's federal budget ...more »

Apple's Trademark Problem In China Is Self-Inflicted
ForbesApril 6, 2012

Herzfeld's company, Beanstalk, has good reason to get this story out; Beanstock advises companies on licensing their trademarks around the world. Herzfeld is a New York University and Columbia Law School grad and expert on intellectual property law.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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Jobs Act rewrites hedge fund marketing rules
Hedge Funds Review MagazineApril 4, 2012

The Jobs Act will allow hedge funds to advertise their services and directly solicit investors for the first time but regulators have concerns about the change. The SEC has 90 days to amend its rules. The US is poised to enact legislation that will ...more »

Contracts Involving State & Minicipality
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Distressed cities weigh bold tactics
Bend BulletinApril 1, 2012

A new state law gives such managers the power to reject contracts, including labor contracts. PHILADELPHIA — Amid all the sobering discussions of what happens when cities run out of money, fiscal sleight of hand and time, the most telling detail at a ...more »

Mergers, Acquisitions & Divestitures
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Pete Escobar Joins Plexis as Vice President of Customer Care. (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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Brothers in Gardner court for far-reaching prescription drug scheme
Worcester TelegramApril 5, 2012

Anthony Allen was arraigned in Gardner District Court Wednesday on two counts of conspiracy to violate the controlled substances act, uttering a false prescription, obtained by fraud, conspiracy to violate drug laws and submitting a false healthcare ...more »

Non-Profit Corporations
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Clarinda woman pushes for bill to become law
SW Iowa NewsApril 6, 2012

“I found an organization called the MISS Foundation. MISS stands for Mothers In Sympathy and Support,” she said. “It was founded by a mom who lost her daughter about 15 minutes before birth.” The MISS Foundation is a nonprofit corporation committed to ...more »

Corporate Finance & Taxation
[read all news]
International business attacks retrospective Indian tax law 1, 2012

Photo: Andia / Alamy By Jonathan Russell The changes, which could crystallise a £1.4bn tax charge for Vodafone, threaten an exodus of international investment from India according to some of the world's most powerful trade bodies.more »

Professional Corporations
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People in Business
Houston ChronicleApril 1, 2012

IPFC is a boutique financial consulting firm that provides corporate, individual and law firm clients with financial assessments and valuation services related to intellectual property and other assets. 1CBRE announced that commercial mortgage brokers ...more »

Creditor's Rights
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Pinnacle Airlines Files for Chapter 11 Reorganization to Continue Implementing ...
MarketWatch (press release)April 2, 2012

(NASDAQ:PNCL) today announced that the Company and its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the US Bankruptcy Court for the Southern District of New York (the "Court").more »

Public Offerings
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Arizona Attorney General under investigation
AZFamilyApril 3, 2012

In a letter to Secretary of State Ken Bennett, Donnelly writes "this complaint is necessary to bring a halt to illegal and unethical conduct by the Attorney General Tom Horne." The complaint stems from work done by "Business Leaders for Arizona," an ...more »

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

IF THERE IS DISPUTE ON THE CONTRACT, WHERE IS THE COURT LOCATED THAT YOU WILL HAVE TO SETTLE YOUR DIFFERENCES? Lawyers call these clauses exclusive jurisdiction, venue, and choice of law provisions. By way of example, I recently had a case come across ...more »

Reorganizations & Restructuring
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Trailer Bridge Emerges From Bankruptcy
The Journal of Commerce OnlineApril 3, 2012

Trailer Bridge has emerged from Chapter 11 bankruptcy reorganization Monday following a court's approval last month. Trailer Bridge operates container-barge service between Jacksonville, Fla., and Puerto Rico and the Dominican Republic in addition to ...more »

Debt Collection
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Legal/Public Notices for 04/01/12 - Substitute Trustee's Sales (2)
Murfreesboro PostApril 1, 2012

INTERESTED PARTIES: Kenneth R. Brewer, Department of Treasury – Internal Revenue Service, Pinnacle National Bank Default having been made in the terms, conditions and payments provided for by a certain Deed of Trust given to AEDC Federal Credit Union, ...more »

State & Minicipal Bonds
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APNewsBreak: Most Ala. firms miss immigration goal
The Associated PressApril 4, 2012

(AP) — Tens of thousands of Alabama businesses have missed a deadline set by the state's strict immigration law to register with a federal database used to verify the citizenship status of job applicants, according to registration numbers.more »

Debt Settlement
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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 »

Trade Associations
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India Software Cos Not Happy With US Visa Rule
ForbesApril 1, 2012

According to The Economic Times of India, the government is considering taking the US to the World Trade Organization for the fee hike, seen as a means to keep US companies from hiring more qualified Indian computer talent.more »

Directors' & Officers' Liability
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Focus: Long-running UK mesothelioma litigation resolved
Allens Arthur RobinsonApril 2, 2012

Partner Dean Carrigan (view CV), Senior Associate Philip Hopley and Lawyer Stephen Lloyd report. The decision 1 provides clarity for insurers of UK employment liability (EL) insurance policies and their reinsurers that their obligation to indemnify ...more »

Unfair Competition
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Viacom's Copyright Suit against YouTube Gets a Second Chance from the Second ...
JD Supra (press release)April 10, 2012

by Foley Hoag LLP - Trademark, Copyright & Unfair Competition on 4/10/2012 The Second Circuit has ruled that the summary judgment granted last year in favor of YouTube in a copyright suit brought by Viacom and other content owners was premature.more »

False Advertising
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Stanford grad student investigates online privacy
San Jose Mercury NewsApril 2, 2012

(Karen T. Borchers/Staff) Stanford's Workshop on Internet Tracking, Advertising and Privacy last year was attended by executives from big valley tech companies, important privacy researchers and high-ranking government regulators.more »

Venture Capital
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IPEV Board Releases Draft Investor Reporting Guidelines
MarketWatch (press release)April 4, 2012

BRUSSELS, Belgium, Apr 4, 2012 (GlobeNewswire via COMTEX) -- The International Private Equity and Venture Capital Valuation Guidelines Board (IPEV Board) today released Draft Investor Reporting Guidelines (IRG) for Private Equity and Venture Capital...more »

Federal Contracts
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New law seeks to bring loan sharks into line
New Zealand HeraldApril 2, 2012

By Simon Collins The Government is taking power to ban "loan sharks" who breach a new responsible lending code, but has resisted calls to outlaw high interest rates directly. Draft legislation issued yesterday was welcomed by Consumer NZ chief ...more »


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