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

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Google exec's brother accused in domestic attack
San Francisco ChronicleApril 1, 2012

San francisco Brother of Google exec accused in attack The younger brother of top Google executive Marissa Mayer is accused of three felonies - assault, false imprisonment and domestic violence - after allegedly beating his girlfriend after a San ...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

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Turning off the Internet pimp engines (blog)April 1, 2012

Most notably, the Governor's signature places culpability on the Internet companies that have been unwilling to eradicate the presence of human trafficking from their sites (Trib 3/29). It has been at least three years since this crime has become a ...more »

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

Dewey has had 38 partners leave since the start of the year, according an article in The American Lawyer magazine. The New York-based law firm lost 12 insurance and regulatory lawyers to Willkie Farr & Gallagher LLP (1179L) on March 17.more »

Antitrust Law, Domestic
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Pacific Seafood settles suit
The Register-GuardApril 2, 2012

By Winston Ross The nation's largest seafood buyer has settled a class action antitrust case filed by coastal fishermen, according to court documents and sources who confirmed the agreement. Sometime this week, US District Judge Owen Panner is expected ...more »

Foreign Investments
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Foxconn chairman pledges to raise pay in China, invest in Hainan
ReutersApril 1, 2012

The move is in response to the independent Fair Labor Association's findings of violations of labor laws by Foxconn, such as letting long work hours and unpaid overtime. Foxconn now supplies 50 percent of the world's consumer electronics, ...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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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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Recommended Cash Offer for CryptoLogic Limited by Amaya Gaming Group Inc.
MarketWatch (press release)April 3, 2012


Business Formation
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Proposed Tucson copper mine still faces opposition
Arizona Daily SunApril 1, 2012

Rosemont Copper President and CEO Rod Pace said the company doesn't believe that Arizona law requires this kind of disclosure. Pace says Rosemont Copper's parent company _ Vancouver, BC-based Augusta Resource Corp. _ has disclosed the information to ...more »

Government Construction Contracts
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Piera: At Least $2.5 Million in Kickbacks to President Martelly from Dominican ...
Defend HaitiApril 1, 2012

Of the companies owned by Bautista, one company, HADOM Construction, is particular to Haiti in that it was awarded a $2.5 million [US] contract to do reconstruction work in Haiti. The first of suspicious information given by Nuria Piera is that ...more »

Business Law
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Fundraiser's Woes Hit Nevada Politics
Wall Street JournalApril 1, 2012

Now he is entangled in litigation that is roiling the political landscape in one of the nation's swing states. Mr. Whittemore, 55 years old, worked his way to the top of Nevada's political scene as a lobbyist and prodigious fundraiser over much of the ...more »

Institutional Investing
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The Business Finance Store Discusses Implications for Small Businesses of the ...
San Francisco Chronicle (press release)April 7, 2012

The Business Finance Store discusses some of the possible implication for small businesses of the new JOBS Act. Santa Ana, CA (PRWEB) April 07, 2012 President Obama signed the Jumpstart Our Business Startups (JOBS) Act into law this week, ...more »

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The Benefits of Data Talking to Data
Wall Street JournalApril 1, 2012

This approach—in which item-level data talk to other item-level data—is based on the pioneering work of Jeff Jonas and his team at International Business Machines Corp.'s Entity Analytics group. The advantages are speed and flexibility, ...more »

Impeach the Supreme Court Justices If They Overturn Health Care Law
Daily BeastApril 3, 2012

If they dump the Affordable Care Act, writes David Dow, we should dump them. You think the idea is laughable? Thomas Jefferson disagreed with you. Jefferson believed Supreme Court justices who undermine the principles of the Constitution ought to be ...more »

Commercial Bankruptcy
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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 »

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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Lawyer guilty over hubris-fuelled, bike-rage headbutt
The AgeApril 2, 2012

Richard Morgon, 45, a senior associate with the international commercial law firm Allens Arthur Robinson, was found guilty of unlawful assault and assault with a bike helmet but no conviction was recorded. Magistrate Belinda Wallington dismissed two ...more »

International Transactions
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Insight: As currency floats, Myanmar's banks rise again
ReutersApril 2, 2012

By A Reuters staff reporter | YANGON (Reuters) - Every table and much of the floor at Co-Operative Bank in Myanmar's commercial capital is stacked with thick bricks of the local kyat currency. Money counting machines clatter.more »

Communications & Media
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New snooping law to allow Government access to everybody's emails, texts, and ...
Daily MailApril 1, 2012

'Communications data includes time, duration and dialling numbers of a phone call, or an email address. It does not include the content of any phone call or email and it is not the intention of Government to make changes to the existing legal basis for ...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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Some of Christie's biggest bills match model legislation from D.C. group ...
The Star-Ledger - NJ.comApril 1, 2012

TRENTON — Let's say you're a state lawmaker, passionate about charter schools, and you want to turn this passion into laws that create social change. What you need are bills. And you want them fast — ready-made, just add water, written in language ...more »

Locating Funds
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Rhode Island to get $230M from $500M forfeited by Google; law enforcement to ...
Washington PostApril 2, 2012

“I am extremely pleased that of the $500 million dollars forfeited by Google, $230 million will be distributed to five state and local agencies that contributed investigators to the legal team headed by my office,” US Attorney Peter F. Neronha said in ...more »

Contracts Involving State & Minicipality
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US law expected to help firms go public, raise capital
TheChronicleHerald.caApril 1, 2012

On March 27, Congress passed the JOBS (or, rather ludicrously, Jumpstart Our Business Startups) Act, which aims to revive growth by easing the regulatory burden on companies seeking to raise capital. The act is designed to address the decline in ...more »

Mergers, Acquisitions & Divestitures
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Berkshire Hills Reports 50% First Quarter Core EPS Growth; Dividend Declared
MarketWatch (press release)April 24, 2012

This increase resulted from ongoing business expansion together with the benefit of the acquisitions of Rome Bancorp and Legacy Bancorp. GAAP net income included nonrecurring and merger related expenses, together with income from discontinued ...more »

Controlled Substances Law
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America's Bipartisan Reefer Madness
Reason OnlineApril 6, 2012

But the federal Controlled Substances Act holds that cannabis is a dangerous drug with no medical value, ranking it alongside substances like heroin and mescaline.” Despite his campaign vows to make marijuana enforcement a low priority, the president ...more »

Mortgages & Foreclosures
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Fed Text: Encourages Banks to Consider Distress Rentals
MNI NewsApril 5, 2012

This policy statement reminds banking organizations and examiners that the Federal Reserve's regulations and policies permit the rental of residential other real estate owned (OREO) properties to thirdparty tenants as part of an orderly disposition ...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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Promoting America
WatertownDailyTimes.comApril 8, 2012

Thus was born the Travel Promotion Act of 2010, encouraged by the American travel industry. The law created a nonprofit travel promotion corporation called Brand USA, which is receiving both private and public funds to promote America.more »

Creditor's Rights
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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 »

Professional Corporations
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Several Cohen & Grigsby Attorneys Appointed to New Leadership Roles
MarketWatch (press release)April 2, 2012

She specializes in land use litigation and development and appellate, regulatory, administrative and election law issues. She has appeared before municipal governing bodies and zoning hearing boards throughout western Pennsylvania and recently served a ...more »

Customs Disputes
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China to Cut Import Duties
CRIENGLISH.comApril 1, 2012

Importing more will lift living standards and ease China's disputes with its trade partners, according to the ministry. Vice-Premier Li Keqiang said earlier this month that China will import $10 trillion worth of goods and services in the five years ...more »

Public Offerings
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Trayvon Martin's family seeks investigation of state attorney's actions
Globe and MailApril 2, 2012

Sanford police detective Chris Serino, unconvinced by Mr. Zimmerman's story of self-defence, wanted to charge him with manslaughter but was overruled by the office of State Attorney Norm Wolfinger, the prosecutor whose district includes the city of ...more »

Debt Collection
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Romney: I'm not looking to break up big banks
The Hill (blog)April 2, 2012

By Peter Schroeder - 04/02/12 12:25 PM ET Mitt Romney isn't interested in breaking up the nation's biggest banks. Instead, the GOP front-runner says it was a "perfect storm" of events that led to the financial meltdown, not some fundamental imbalance ...more »

Reorganizations & Restructuring
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Pinnacle Airlines Files For Chapter 11 Reorganization - Quick Facts
NASDAQApril 2, 2012

During restructuring process, the company will remain focused on providing passengers with safe, reliable and timely service in collaboration with its network partners, Delta Connection, United Express and US Airways Express.more »

Debt Settlement
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Detroit financial crisis: City comes down to the wire on consent deal with state
Detroit Free PressApril 2, 2012

By Paul Egan and Dawson Bell Time is rapidly running out for Detroit to reach an agreement with the state that will avert the appointment of an emergency manager, a spokeswoman for Gov. Rick Snyder said Sunday. The Detroit City Council is to meet today ...more »

State & Minicipal Bonds
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Commentary: Small-business owners say the future looks bleak if health care...
Washington PostApril 2, 2012

Last week, the nation's attention was riveted to the Supreme Court, where oral arguments were being made over the constitutionality of the health care reform law, also known as the Affordable Care Act. Pundits have been making one prediction after ...more »

Directors' & Officers' Liability
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JOBS Act eases some IPO regs, raises investor concerns
Pensions & InvestmentsApril 2, 2012

The JOBS Act — Jumpstart Our Business Startups — was approved by the House and Senate in March. President Barack Obama is expected to sign the legislation this month, and the law will take effect immediately. The bill allows companies with up to $1 ...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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Trayvon Martin case audio: Screams were not George Zimmerman's, 2 experts say
msnbc.comApril 1, 2012

Or is that standing your ground like a REAL man. ? ; ] Does the law pushed by the NRA which I like BTW, ONLY cover murders with firearms? Hmmm. Indeed. ; ] Also how does the aggressor and FALSE report filing Mr. Zimmerman go from said aggressor to ...more »

Unfair Competition
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The Godfather's Italian table
San Francisco ChronicleApril 12, 2012

Last week, Coppola filed a lawsuit against the Tavola Italian Kitchen in Novato on the grounds that the restaurant's use of the Italian word for table constitutes "trademark infringement, unfair competition," and false advertising, among other misdeeds ...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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Sebi allows bourses, Private equitys, Venture capitals to list
Times of IndiaApril 2, 2012

MUMBAI: Market regulator Sebi on Monday allowed stock exchanges and some specified alternate investment funds (AIFs) such as private equity funds and venture capital funds to list on the bourses with some riders. In a wide ranging reform, ...more »


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