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

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'Massive' Credit Card Data Breach Involves All Major Brands
KRCRTV.COMApril 1, 2012

By Julianne Pepitone and Leigh Remizowski NEW YORK (CNNMoney) -- A data breach at a payments processing firm has potentially compromised credit and debit card information from all of the major card brands. Global Payments, a company that processes card ...more »

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 »

Business Law News and Stories

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20 held in Hanover lotto scam raid
Jamaica ObserverApril 1, 2012

BY HORACE HINES Sunday Observer reporter LUCEA, Hanover — Five women were among 20 persons taken into custody by members of an Area One taskforce policing lotto scam crime during a massive operation in several communities in Hanover yesterday.more »

Federal Grants
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Morgan County to receive federal money for emergency medical services
State JournalApril 1, 2012

The money comes from the Department of Homeland Security's 2011 Assistance to Firefighters Grant Program and will go toward operations and safety. The money can also be used to purchase training and personal and protective equipment for wellness and ...more »

Antitrust Law, Domestic
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USFL to Make Comeback as NFL Minor League?
Windy City GridironApril 1, 2012

... tried to switch to an autumn/winter schedule, competed directly with the NFL and, most notably, filed an anti-trust lawsuit against the NFL, won, and after tripling due to the anti-trust laws, was awarded three dollars and seventy-six cents (after ...more »

Foreign Investments
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Fed paranoia and the Spring Switch
MarketWatchApril 2, 2012

Michael A. Gayed, CFA, is chief investment strategist at Pension Partners, LLC. , where he helps structure portfolios and develop strategies to maximize the amount of time and capital spent in potentially outperforming investments. Prior to this role, ...more »

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Charlie Sheen's ANGER MANAGEMENT Lands Deal with Viasat in Scandinavia
MarketWatch (press release)April 2, 2012

Its feature film business has been fueled by such recent successes as the blockbuster first installment of "The Hunger Games" franchise, which achieved the third highest-grossing opening weekend of all time at the North American box office, ...more »

Banking Law
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German lawyers offer help with mis-sold rate swaps 1, 2012

The German law firm credited with forcing Germany's banks to begin compensating business customers mis-sold interest rate swaps is preparing to offer its services to British companies that believe they have been sold similarly inappropriate hedging ...more »

Gaming Law
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Grand Theft Auto V coming in October according to Rockstar employee
Digitaltrends.comApril 10, 2012

Rockstar Games has been spending a little too much time on the right side of the law. Rockstar San Diego's Red Dead Redemption let you be an outlaw but it also let you administer some old-fashioned frontier justice. Team Bondi's LA Noire not only let ...more »

Business Formation
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BP Enters Shale Game
Wheeling IntelligencerApril 1, 2012

... which means that five of the world's seven largest publicly traded energy companies soon will be drilling in the local region. The potential treasures of oil and natural gas liquids continue drawing major players to Ohio's Utica Shale formation, ...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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APNewsBreak: American Express pulls gift cards from NJ stores, citing new ...
Washington PostApril 2, 2012

John Holub, president of the New Jersey Retail Merchants Association, says the law poses serious administrative burdens to businesses and potential problems for consumers. AmEx spokeswoman Vanessa McCutchen says there's no way the company can ensure ...more »

Institutional Investing
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Crowd funding draws scorn from NASAA
InvestmentNewsApril 1, 2012

Investment advisers also are wary of the process, citing the inherent risks of investing in unproven businesses and weak regulatory oversight. But proponents of crowd-funding legislation, which could be signed into law by President Barack Obama as ...more »

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Electronic billboard disputes intensify in court
Arizona RepublicApril 1, 2012

And the billboard industry began moving into commercial zones near residential areas by converting old billboards. A request and eventual approval for an electronic billboard on Loop 101 in northeast Phoenix, a stretch of road that previously had no ...more »

Old laws thwarting Jacksonville City Council changes in capital improvement plan
Florida Times-UnionApril 2, 2012

But discovering a decades-old city law limits their freedom to pursue big projects — usually paid for through debt — could test how far that commitment reaches. At issue is legislation introduced last week, in the wake of a tight vote against ...more »

Commercial Bankruptcy
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APNewsBreak: American Express pulls gift cards from NJ stores, citing new ...
Washington PostApril 2, 2012

John Holub, president of the New Jersey Retail Merchants Association, says the law poses serious administrative burdens to businesses and potential problems for consumers. AmEx spokeswoman Vanessa McCutchen says there's no way the company can ensure ...more »

Internal Investigative Services
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Documents detail employment history of terminated Fort Worth officer
WFAAApril 3, 2012

by MARCUS MOORE FORT WORTH — News 8 obtained documents detailing how a Fort Worth police captain who was fired last month had been the focus of multiple internal investigations, suspended twice and even demoted. The Fort Worth Police Department ...more »

Commercial Leasing
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Coldwell Banker Commercial TradeMark Properties Announces February Lease and ... (press release)April 1, 2012

Mike Wright, senior real estate advisor, represented the buyer in the sale of a retail center located at 5308 Washington Pike Blvd. in Knoxville, Tenn. for $1950000. To view a complete listing of available commercial real estate properties in the ...more »

International Transactions
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India's Tax Plan Troubles Foreign Investors
New York TimesApril 6, 2012

MUMBAI, India — Just two months ago, worried about their slowing economy, Indian officials were promising to promote policies to make the country more hospitable to foreign investment. Instead, the government has done the opposite — proposed a budget ...more »

Communications & Media
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Workshop on sensitising media about torture
The Nation, PakistanApril 1, 2012

The only speaker Mr. Wajahat Masood, a veteran journalist and intellectual, stressed upon sensitising the Pakistani press about reporting regarding torture cases. He said torture, which is made within the parameters of the law in connection with any ...more »

Maine Senate delays action on health insurance exchange
Bangor Daily NewsApril 5, 2012

If the law is upheld, the bill says only licensed insurance brokers can enroll people in health plans through an exchange. The bill requires fingerprinting and licensing of consumer advocates, or “navigators,” who are supposed to help people obtain ...more »

Construction & Development
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New residential construction coming to downtown Upland
Inland Valley Daily BulletinApril 1, 2012

"I think it's a segway into development of our downtown area." The project by Brea-based KPT Properties LLC will include 82 Spanish style duplexes at 1600 to 1800 square feet each; 65 attached craftsman cottage style row-townhomes at 1100 to 1580 ...more »

Locating Funds
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3 big credit card data breach secrets
MSN MoneyApril 4, 2012

By MSN Money partner 5 seconds ago This post comes from Gerri Detweiler at partner site Card numbers for as many as 1.5 million MasterCard and Visa cards were compromised in a recent data breach of payment processor Global Payments Inc. As ...more »

Contracts Involving State & Minicipality
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Ethics issue complicates EMSA case
Tulsa WorldApril 1, 2012

MIKE SIMONS / Tulsa World The daughter of EMSA CEO Steve Williamson works for the law firm retained by EMSA to handle collections. By ZIVA BRANSTETTER World Enterprise Editor For more than 20 years, the Works & Lentz law firm has held a no-bid contract...more »

Mergers, Acquisitions & Divestitures
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Constellation Brands Inc : Reports Fiscal 2012 Results
ReutersApril 5, 2012

The Projections are based on management's current expectations and, unless otherwise noted, do not take into account the impact of any future acquisition, merger or any other business combination, divestiture, restructuring or other strategic business ...more »

Controlled Substances Law
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A Moral Argument against the War on Drugs
Policy InnovationsApril 10, 2012

Today, when new drugs are added to the long list of illegal substances, it is because they are judged to be "addictive," not because they are harmful. The US Controlled Substances Act calls for a drug to be prohibited if it has "a high potential for ...more »

Mortgages & Foreclosures
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States shush corporate critics
SalonApril 4, 2012

In five states, for instance, so-called Ag Gag laws are now on the books. Iowa just passed legislation that “criminalizes investigative journalists and animal protection advocates who take entry-level jobs at factory farms in order to document the ...more »

Corporate Finance & Taxation
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Swiss-German spat risks derailing tax evasion deal
EurActivApril 3, 2012

The German government's deal to stem tax evasion via Swiss bank accounts risks being defeated in the opposition-controlled upper house of parliament after Switzerland issued arrest warrants for three German tax inspectors. Healthcare budgets constitute ...more »

Non-Profit Corporations
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Unsolved mystery: Adrian Fenty's nonprofit, Forward Faster
Washington Business Journal (blog)April 10, 2012

While Fenty's contributors may want to know the nonprofit's purpose and who's drawing a salary, if anyone, off their money, those questions persist today. There is no record of the organization with the Internal Revenue Service.more »

Creditor's Rights
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AFA Files Bankruptcy Citing 'Pink Slime' Slump
BusinessWeekApril 2, 2012

By Phil Milford on April 02, 2012 AFA Foods, a ground-beef processor owned by Yucaipa Cos., sought bankruptcy court protection with a plan to sell some assets after media coverage of “pink slime” cut demand for its products. The company, based in King ...more »

Professional Corporations
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Global business groups warn India over tax plan impact
ReutersApril 2, 2012

* Business groups warn of "reconsidering" investments in letter * Tax plan has "undermined confidence" in India, they say * Budget proposal would retrospectively tax overseas deals * UK's Osborne in India for meeting with finance minister By Henry Foy ...more »

Customs Disputes
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Fidelmar 'Fidel' Merlos-Lopez: Man Denied Entry To US From Mexico To Bury Son ...
Huffington PostApril 1, 2012

Attorneys for Fidelmar "Fidel" Merlos-Lopez are trying to win humanitarian parole so he can attend the funeral, but say US Customs and Border Protection has rebuffed their efforts. Damien Lopez died in a Shenandoah row house along with his cousin, ...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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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 »

Reorganizations & Restructuring
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Deloitte and CRG Partners Execute Asset Purchase Agreement
PR Newswire (press release)April 2, 2012

NEW YORK, April 2, 2012 /PRNewswire/ -- As a major expansion of its financial restructuring, turnaround management and bankruptcy reorganization capabilities, Deloitte today announced it has reached an agreement to purchase substantially all of the ...more »

Debt Settlement
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Senior citizens owe billions in student loans
msnbc.comApril 2, 2012

We could allow student loans in bankruptcy. Big corporations are allowed to offload millions upon millions of dollars through chapter 11. But the average citizen cannot discharge a few thousand dollars (of student loan debt) through chapter 7, ...more »

State & Minicipal Bonds
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Changes on horizon
Times DailyApril 1, 2012

Hammon estimates that 80 percent of Alabamians support the law. “What they should do is repeal the law because it is a negative symbol for Alabama,” said Sen. Roger Bedford, D-Russellville. “It is hurting us with economic development and costing us ...more »

Directors' & Officers' Liability
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Hinshaw & Culbertson acquires Buckley Companies, attorneys from Nicolosi ...
The Rock River TimesApril 2, 2012

They are experienced lawyers with a well-established reputation for helping businesses throughout the Midwest, and they will complement our wide-ranging capabilities in the region and beyond. The integration and expansion of Buckley's consulting unit ...more »

Trade Associations
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Myanmar, Elections and Economic Outlook
Live Trading NewsApril 1, 2012

The party boycotted the last vote in 2010, but in January the government amended key electoral laws, paving the way for a run in this weekend's ballot. Around 70% of Singaporean companies invested in Myanmar are involved in hotel construction, ...more »

False Advertising
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Goldman Sachs Sex Trafficking Controversy: Company Sells Stake In Village ...
Huffington PostApril 2, 2012

In September, 2010, public pressure - including a letter from 17 of the nation's attorneys general, led the all-purpose online classifieds website Craigslist to shutter its lucrative adult section. Much of the advertising appears to have moved to ...more »

Unfair Competition
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Microsoft Moves Logistics Out Of Germany Due To Lawsuit
Wall Street JournalApril 2, 2012

Another German court last year ordered Samsung Electronics to stop selling two tablet models as doing so would violate the law against unfair competition and would imitate Apple's iPad. Samsung produced an amended version of the 10.1 Galaxy model, ...more »

Federal Contracts
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Huawei to buy Sydney Tower, Harbour Bridge
ZDNet AustraliaApril 1, 2012

Following the Federal Government's decision to ban Huawei from tendering for National Broadband Network contracts, it looks as if the Chinese giant may have decided to retaliate by attempting to snap up two of Sydney's most iconic landmarks.more »

Venture Capital
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BASF Venture Capital Contributes $2.7 Million in FRX Polymers' Series B ...
Azom.comApril 3, 2012

By Cameron Chai BASF Future Business' wholly owned subsidiary, BASF Venture Capital has made an investment of $2.7 million in FRX Polymers, an advanced materials company headquartered in Chelmsford, Massachusetts. The investment made by BASF Venture ...more »


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