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

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How hiring minors could have a major impact on your business
Smart Business NetworkApril 1, 2012

Although there are federal laws that impact employees who are minors, most requirements and restrictions come from state laws, and each state has its own set of regulations that employers must follow when hiring minors, says Holly Dangler, ...more »

Cops sensitized to elders' woes
Times of IndiaApril 1, 2012

BANGALORE: Senior citizen Mandakini's son allegedly threatened her every day and would physically abuse her, forcing her to transfer her property to him. She called the Elders' Helpline, which in turn issued a notice to the son.more »

Business Law News and Stories

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Solano County DA reaches deal with chiropractor
TheReporter.comApril 1, 2012

The lawsuit stated Altadonna engaged in false and misleading advertising and unfair business practices related to the marketing of the DRX-9000, a spinal traction device. According to the district attorney's office, Altadonna received commissions from ...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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FTC approves Express Scripts acquisition of Medco
STLtoday.comApril 2, 2012

The FTC also said it didn't impose conditions on the merger. Some analysts had said that the antitrust regulator could approve the deal but require the divestiture of certain assets to ensure competition in niche activities, such as specialty ...more »

Foreign Investments
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Defendant accused of defrauding Graham Dacre had 'introducer' role, Norwich ...
Norwich Evening NewsApril 2, 2012

He also said that if he thought it was a fraudulent set up he would have pulled out. “I would have stopped immediately.” Norwich Crown Court has heard that Mr Dacre is alleged to have been defrauded out of £11.9m when he was persuaded to invest the ...more »

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Cleveland Indians reach contract extension with Asdrubal Cabrera through 2014 ...
Plain DealerApril 2, 2012

"I'd be happy for the franchise. It's good to have one of your best players locked up and not have him worrying about arbitration hearings and things like that." SCOTTSDALE, Ariz. -- The Indians, who haven't given a player a contract extension since ...more »

Banking Law
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Will new watchdog bite or just bark?
Crain's New York BusinessApril 1, 2012

Will the Consumer Financial Protection Bureau act primarily through deliberative rule-making or via knuckle-cracking enforcement? Looks like the answer is “remains to be seen.” What follows is an edited version of Mr. Kaplan's conversation last month ...more »

Gaming Law
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Finke: Video poker may be bad budget bet
Peoria Journal StarApril 2, 2012

Money from video gaming is earmarked to pay off state public works construction bonds. The issue has to do with how attorneys for the Illinois Gaming Board are interpreting a section of the law passed to authorize gambling on video poker.more »

Business Formation
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Formosa Petrochemical Corporation hikes fuel prices to halve losses
Focus Taiwan News ChannelApril 1, 2012

Taipei, April 1 (CNA) Formosa Petrochemical Corporation (FPCC) President Tsao Mihn said Sunday the company will be increasing fuel prices on Monday but that the increases will still not cover the company's losses caused by absorbing rising crude oil ...more »

Government Construction Contracts
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Satellite imagery companies brace for cut in federal funding for contracts
Washington PostApril 1, 2012

The government “always looks at the 'total value' of each contract to the contribution to our mission to determine how to allocate the reduction.” The true extent of the cut, should one come to pass, is uncertain. The president's budget as proposed ...more »

Business Law
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business people 4/1
Bismarck TribuneApril 1, 2012

Robin Thompson Gordon has become an an associate attorney with Larson Latham Huettl LLP in Bismarck. She has more than 18 years of experience in the practice of law and served as a county state's attorney. She is licensed to practice law in North ...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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Cops mull MCOCA to check gang activities
Times of IndiaApril 1, 2012

Government pleader at the high court Nitin Sambre said there should be a commercial aspect attached to the offences before MCOCA can be applied. "Commercial transactions like extortion or blackmailing are important factors to make a case fit for MCOCA.more »

Curt Pringle's Dance With California's Lobbying Law
VoiceofOCApril 2, 2012

“The way I was reading it [the email] is he wanted to enter into a contract with them [OCTA],” Stern said. If that was the case, then Pringle had violated the state's revolving door law, Stern said. But the law is narrow, Stern cautioned, ...more »

Commercial Bankruptcy
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Monday morning essentials: Voter ID debate continues - winning Marcellus ...
Pittsburgh Post GazetteApril 2, 2012

Starting your week with the Post-Gazette Business/law package today begins with a report by Ipso Facto's Drew Singer on the emerging legal debate over implementation of Pennsylvania's new voter ID law and its projected impact on the public's access to ...more »

Internal Investigative Services
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Floyd County Police Department's Whitener honored by state group
Rome News TribuneApril 4, 2012

Whitener, who has been handling internal affairs' investigations for the department since 1977, was honored recently with the 2011 Rose Greene Meritorious Service award by the Georgia Internal Affairs Investigators Association.more »

Commercial Leasing
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Computers, Social media and thai law: Reducing employer liability
Bangkok PostApril 4, 2012

... social media which expose employers to substantial penalties under the Civil and Commercial Code (CCC) and the Computer Crimes Act (CCA). Today we identify five methods for employers to reduce their social media liability under the CCC and the CCA.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, April 2 (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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Court for prosecution of RIL, three execs in OSA case
Business StandardApril 2, 2012

However, the court did not find evidence against Ambani brothers, who were also not named as accused in the case. The case relates to recovery of four secret documents pertaining to government policies on subjects of interest to Reliance Industries Ltd ...more »

Microsoft, ECOJ, Tebow, BitTorrent: Intellectual Property
BloombergApril 3, 2012

Both companies want a federal judge in Seattle to rule whether Libertyville, Illinois-based Motorola Mobility broke its promise to license patents essential to comply with industry standards on wireless networking and video coding on fair and ...more »

Construction & Development
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Road development puts locals in peril
Times of IndiaApril 1, 2012

There is an alternative way to develop the link road by acquiring barren land at Akkulam, medical college and Kadakampally. However, authorities claim the road can be constructed only by demolishing our homes," said Santhosh Aramthanam, a resident.more »

Locating Funds
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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 »

Contracts Involving State & Minicipality
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Minn. Senate saga to cost public win, lose or draw
Herald Times ReporterApril 1, 2012

The Senate has hired an outside attorney to protect the institution's interest and defuse fallout from Brodkorb's admitted extramarital affair with then-Senate Majority Leader Amy Koch. But officials are so far refusing to disclose the contract or the ...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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Synthetic drugs: the new epidemic
The Daily TitanApril 3, 2012

Last December, the Synthetic Drug Control Act was passed, adding more than 30 synthetic drugs that have the same effects of marijuana and cocaine to the Controlled Substances Act and making them illegal to be manufactured or dispensed.more »

Mortgages & Foreclosures
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Las Vegas Short Sale Market May Account for 50% of Las Vegas Homes for Sale in ...
Seattle Post IntelligencerApril 10, 2012

Short Sale Las Vegas real estate market is growing as new law keeps banks from foreclosing on homes. reports inventory shortage may cause first signs of price stability in 5-years Las Vegas Short Sale homes for sale may become ...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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AFA Foods Files for Bankruptcy Protection over "Pink Slime"
Citybizlist (press release)April 2, 2012

To ensure the most efficient sales process possible and to optimize the potential results for all parties, the Company has decided to execute this sales process under the protection of the United States Bankruptcy Code. AFA today filed voluntary ...more »

Professional Corporations
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ALEC's secret influence on state laws, legislators
Atlanta Journal Constitution (blog)April 5, 2012

Instead of thousands of janitors on a company's payroll, it has thousands of “independent contractors” who supposedly operate as franchisees. Suddenly, none of the workplace laws apply, and workers are stripped of most of the legal protections they ...more »

Customs Disputes
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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 »

Public Offerings
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Cahill pleads not guilty to public corruption charges
Boston HeraldApril 4, 2012

“No one used public money to produce and run a campaign ad.” Attorney General Martha Coakley alleges Cahill, a 53-year-old Quincy Democrat, used $1.5 million in state lottery funds to run a carefully coordinated advertising campaign touting the lottery ...more »

Debt Collection
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MF Global “Personhood” Case: Invited to Occupation D.C. Event
Virtual-Strategy MagazineApril 2, 2012

Adam Furgatch, the face of the MF Global “Corporate Personhood” legal action that is currently being litigated in Federal Bankruptcy Court, has been invited to present details of his case at the "Control the Corporation" Conference, to be held at the ...more »

Reorganizations & Restructuring
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Pinnacle Airlines files for Chapter 11 Pinnacle Airlines, plans to restructure ...
Greenfield Daily ReporterApril 2, 2012

Pinnacle Airlines says it's filed for bankruptcy protection in order to deal with its mounting debt and costs. The Memphis, Tenn.-based airline operates regional flights as Delta Connection, United Express and US Airways Express.more »

Debt Settlement
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COLUMN-YOUR MONEY: Tax breaks for underwater homeowners
Chicago TribuneApril 2, 2012

Until the end of this year, at least, there is a tax break for homeowners who negotiate debt reduction with their lenders. Some of these "underwater" owners may qualify for principal reduction through the massive mortgage foreclosure settlement...more »

State & Minicipal Bonds
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Clifford Chance, Cadwalader, Maples, Skadden: Business of Law
BusinessWeekApril 3, 2012

If the company refuses to waive confidentiality in the course of the probe, it can be difficult for the SEC to prove that someone willfully violated the law, he said. Lench, whose unit is responsible for uncovering fraud in structured products such as ...more »

Directors' & Officers' Liability
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TRS director: Retirees might have to take pension cut
Northwest HeraldApril 2, 2012

The triple threat of the state's unpaid bills, skyrocketing Medicaid costs and $85 billion in overall unfunded pension liability could crowd out pension funding, the amount of which is scheduled to continue to rise, Ingram wrote.more »

Trade Associations
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High court decision could change law's provisions already in effect
STLtoday.comApril 1, 2012

While any decision is likely to be close, the justices sounded as if they could strike down the law's "individual mandate," which requires nearly everyone to obtain coverage by 2014 or pay a fine, as well as the directive that states expand Medicaid...more »

False Advertising
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Bitcoin, the City traders' anarchic new toy
ReutersApril 2, 2012

Banking and payment expert Simon Lelieveldt believes they are living on borrowed time. "There is always a power base underlying a currency," he said, speaking at the Digital Money Forum in London in March. "Bitcoin is not going to fly because there is ...more »

Unfair Competition
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San Francisco SRO Seeks City Approval for Illegal Tourist Rentals
Beyond ChronApril 9, 2012

People paid good money to own tourist hotels and should not face unfair competition from the Beach's illegal operation. Let's hope the Board of Appeal puts an end to this case and on April 11 rejects the hotel's request for rehearing.more »

Federal Contracts
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Tribune Broadcasting: No deal reached with DirecTV
Wall Street JournalApril 1, 2012

Tribune Broadcasting said in a statement that without a deal in place, DirecTV was barred by federal law from carrying the signal of Tribune's local television stations after midnight, when their agreement expired. The affected markets include New York ...more »

Venture Capital
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New Mexico venture investors put more money into fewer deals in 2011
New Mexico Business WeeklyApril 2, 2012

Venture capitalists invested $60.3 million in 22 companies in New Mexico in 2011, according to the latest survey by the New Mexico Venture Capital Association. That represents a 10 percent increase from the $54.8 million investors pumped into local ...more »


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