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

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Signs of Supreme Court activism worry Reagan administration lawyers
Los Angeles TimesApril 1, 2012

If so, it would be the first time since 1936 that the Supreme Court voided a major federal regulatory law. After the healthcare arguments, Fried was among those who worried aloud about the prospect of the Roberts court embarking on a new era of ...more »

Commentary: Eagles well-positioned to handle loss of Jason Peters
Sacramento BeeApril 1, 2012

When DeMeco Ryans was available, they had the cap space and surplus draft picks to get him. When DeSean Jackson and Evan Mathis reached the end of their contracts, the Eagles had the money to keep them. They had enough flexibility to extend Trent Cole ...more »

Business Law News and Stories

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Official "Dream Patio Giveaway" Sweepstakes Rules
BobVila.comApril 1, 2012

Open only to permanent legal US residents. Void in all other geographic locations. Employees of Sponsor and its respective parents, affiliates, subsidiaries, and advertising and promotion agencies and any other entity involved in the development or ...more »

Federal Grants
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Federal Dysfunction Sets Stiff Challenge for State K-12 Chiefs
Education Week NewsApril 2, 2012

At the same time, federal budget decisions with major ramifications for education funding loom, and those ramifications could hit states at the beginning of next year. "This is such an exciting time to be in this field, and it's so frustrating that ...more »

Antitrust Law, Domestic
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Antitrust lawsuit to overturn Apple's eBook pricing model, benefiting Amazon
Macworld UKApril 2, 2012

Reuters reports that the US Justice Department is close to reaching a settlement with Apple in an antitrust lawsuit, which is expected to eliminate Apple's agency model. The report sources two people close to the negotiation, who say that the reason ...more »

Foreign Investments
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India: foreign business blasts budget
Financial Times (blog)April 1, 2012

The sudden and unprecedented move in the Bill has undermined confidence in the policies of the Government of India toward foreign investment and taxation and has called into question the very rule of law, due process, and fair treatment in India.more »

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Slow-starting Utah Jazz get crushed by Clippers, 105-96
Deseret NewsApril 1, 2012

Coach Tyrone Corbin even admitted before tipoff that his players were feeling the effects of the longest game in franchise history — the 139-133 4-OT loss to the Hawks — six days after it happened. "I think it's taking its toll now," Corbin said a ...more »

Banking Law
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Bottom Lines: New Jersey panel would work as middleman to sell insurance under ...
Press of Atlantic CityApril 1, 2012

Although the board would be set up within the Department of Banking and Insurance, it would be "independent of any supervision or control by DOBI or any board or officer thereof." The New Jersey Business & Industry Association is worried that the law...more »

Gaming Law
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Macau March Gambling Revenue Up 24%
Wall Street JournalApril 2, 2012

Gambling revenue in Macau, the only place in China where casino gambling is legal, rose to 24.99 billion patacas (US$3.12 billion) last month, up from 20.09 billion patacas a year earlier, according to data from Macau's Gaming Inspection and ...more »

Business Formation
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Chesapeake Energy cancels some mineral leases in two Colorado counties
Denver PostApril 1, 2012

The move comes as Chesapeake is facing a financing gap and, according to top executives, a waning interest in the Niobrara formation in Colorado. There also are about 140 lawsuits in Michigan, where oil and gas companies were buying up leases in the ...more »

Government Construction Contracts
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Ramtech Program for Modular Buildings Expands to Faith-Based Organizations
PR Web (press release)April 1, 2012

Design-build commercial modular construction firm Ramtech Building Systems of Mansfield, TX has announced that the company has secured another large contract for the design, manufacture and installation of three new modular buildings for First Baptist ...more »

Business Law
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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 »

Institutional Investing
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IRA Financial Group Expects Self-Directed IRAs To Gain Popularity with the ...
San Francisco Chronicle (press release)April 5, 2012

President Obama's expected signing into law of the 2012 JOBS Act will help small businesses raise funds from investors with retirement funds. Miami, FL (PRWEB) April 04, 2012 The IRA Financial Group, the leading provider of self directed IRA LLC ...more »

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Ask an Expert: Entrepreneurs gain from health care law
USA TODAYApril 1, 2012

Q: Steve: I own my own micro-business and was wondering whether you care to weigh in o the health care debate before the Supreme Court. I just don't get how Congress could pass a law that makes me buy health insurance. Personally, I think it is ...more »

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 »

Commercial Bankruptcy
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Growing demand spurs Vorys' growth
Cincinnati.comApril 1, 2012

The commercial and real estate group is among Vorys' fastest-growing markets. Within that area, the group advises on matters including commercial finance, franchising and distribution, and leasing and licensing. On March 5, Vorys announced the hiring ...more »

Internal Investigative Services
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RI, US agencies split $500m in Google revenues
Boston GlobeApril 2, 2012

At a press conference Monday, US Attorney Peter F. Neronha and Kathleen Martin-Weis, acting director of the US Food and Drug Administration's Office of Criminal Investigations, said the sharing of funds was based on the time and resources each agency ...more »

Commercial Leasing
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Growing demand spurs Vorys' growth
Cincinnati.comApril 1, 2012

The commercial and real estate group is among Vorys' fastest-growing markets. Within that area, the group advises on matters including commercial finance, franchising and distribution, and leasing and licensing. On March 5, Vorys announced the hiring ...more »

International Transactions
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FCPA Enforcement—Potential for Reform or More of the Same?
Corporate CounselApril 3, 2012

We are unequivocally opposed to weakening the Foreign Corrupt Practices Act. We don't need to lower our standards. We need to work with other countries to raise theirs. 2 US anticorruption enforcement has intensified under President Barack Obama.more »

Communications & Media
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Advanced Satellite Communications... Growth Factor Enhanced With The Lankford ...
SatNews PublishersApril 1, 2012

Advanced Satellite Communications has been a leading provider of satellite communications and security systems for industrial, gaming, healthcare, law enforcement, government and lodging clients in the midwest for nearly 20 years.more »

National ID threatens 'ultimate control'
WND.comApril 1, 2012

Although the law gave states three years to comply with “restrictive federal licensing standards” and create a national database of license information, individual birth certificates and other personal information, it never has been completed.more »

Construction & Development
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US interested in Kalayaan Island as R&R site for soldiers
Business MirrorApril 1, 2012

Earlier, Bito-onon disclosed a plan to develop the island into a major tourist destination, first with the construction of a beaching ramp, which will be undertaken by the Philippine Ports Authority with the support of the Philippine Navy.more »

Locating Funds
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Crowdfunding Sites Are Springing Up Like Dandelions
San Francisco ChronicleApril 3, 2012

On Thursday, President Obama is scheduled to sign the JOBS Act which makes it easier to raise funds online. (Although not as easy as the original bill would've made it.) Every day we hear from yet another crowdfunding site crowing about the situation.more »

Contracts Involving State & Minicipality
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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 »

Mergers, Acquisitions & Divestitures
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Convergys has historical roots in Jacksonville
Jacksonville Daily RecordApril 2, 2012

Convergys divested that last year. The customer management business has been by far the company's biggest business, producing $1.9 billion in revenue last year. The business has been down recently, but Koning is looking for improvement.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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The Commerce File
Ukiah Daily JournalApril 2, 2012

Nevada remains far below the average number of foreclosure starts; and the dramatic changes to their foreclosure laws will likely drag out the Nevada foreclosure process for years to come. Unlike years past, February's drop in sales was not due to the ...more »

Corporate Finance & Taxation
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Over 22000 economic crimes uncovered in March
China DailyApril 1, 2012

Liu Jinguo, vice minister of the MPS, said during a nationwide videophone conference that police have uncovered a series of major cases related to underground banks, credit card fraud and tax rebate fraud in Shanghai, Guangdong and Zhejiang.more »

Non-Profit Corporations
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"Honor killing" under growing scrutiny in the US
CBS NewsApril 4, 2012

Noor Almaleki was killed in October 2009 when her father ran her down with his car (Credit: Maricopa County Prosecutor's Office) (CBS) Three years ago, Razan Fayez was working as a family law attorney at the Tahirih Justice Center, a Virginia-based ...more »

Creditor's Rights
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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 »

Professional Corporations
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TCI to take Coal India, directors to court
Business StandardApril 1, 2012

The Children's Investment Fund (TCI) today said it had instructed its Indian lawyers, Luthra & Luthra, to begin the process of bringing legal action against Coal India Limited (CIL) and its directors. “TCI has received advice that the conduct of CIL ...more »

Customs Disputes
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Trouble flares over oil that lies beneath the Falklands
Daily News & AnalysisApril 1, 2012

One lawyer with experience in international trade disputes said that the Argentine -government seems intent on scaring off investors and -damaging the exploration companies' ability to raise finance. "For the research companies and banks, ...more »

Public Offerings
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Minn. Senate saga to cost public win, lose or draw
NECNApril 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 »

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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Pinnacle Bankruptcy to Bring Changes
Memphis Daily NewsApril 2, 2012

When Menke hired a consulting firm and a law firm to begin the restructuring, Pinnacle stock prices plunged below a dollar a share but have since recovered. Menke described the court filing as “the only feasible course of action to implement our ...more »

Debt Settlement
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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 »

State & Minicipal Bonds
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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 »

Directors' & Officers' Liability
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Enviro group looks beyond impact fee law
Towanda Daily ReviewApril 2, 2012

Among its priorities, PEC cites adopting regulations to restrict sitings of gas wells in floodplains and enacting a law to set construction standards for private water wells. The impact fee law enacted in February after a lengthy political battle ...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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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 »

Unfair Competition
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The Perils of State Human Rights Litigation
Corporate CounselApril 2, 2012

An exquisitely-timed conference was held at UC Irvine School of Law on March 2, three days after US Supreme Court arguments in Kiobel, to assess the prospects of human rights litigation under state law. I began the conference with enthusiasm, ...more »

Federal Contracts
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Ammunition business leads the way for Alliant
Minneapolis Star TribuneApril 1, 2012

In addition to civilians, the sporting group also markets ammunition and accessories to security companies and law enforcement agencies, which have increased their spending since the 9/11 terrorist attacks. Alliant recently won renewal of a contract to ...more »

Venture Capital
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Orient Venture Capital Inc. Announces Definitive Agreement
MarketWatch (press release)April 10, 2012

VANCOUVER, BRITISH COLUMBIA, Apr 10, 2012 (MARKETWIRE via COMTEX) -- Orient Venture Capital Inc. (the "Company" or "OVC"), a Vancouver based capital pool company listed on the TSX Venture Exchange Inc. (the "Exchange") is pleased to announce that ...more »


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