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

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Debt, Credit, Tormentors
Albuquerque Journal (subscription)April 1, 2012

Both debt collectors and credit bureaus are supposed to comply with various statutes and regulations, such as the Fair Debt Collection Practices Act and Fair Credit Reporting Act respectively, but violations are rarely punished.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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FTC Charges Payday Lending Scheme with Piling Inflated Fees on Borrowers and ...
Sacramento BeeApril 2, 2012

However, the FTC alleges that the defendants' claims of tribal affiliation do not exempt them from complying with federal law. This is the second time in seven months that the FTC has brought suit against a payday lender that has used a tribal ...more »

Federal Grants
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Columbia Basin College in Pasco regains Hispanic-serving institution status
TheNewsTribune.comApril 1, 2012

The Pasco school lost the designation more than five years ago when federal regulations changed. The new designation is effective July 1. College officials said they now will be able to apply for a variety of grants that could serve not just the ...more »

Antitrust Law, Domestic
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Cadwalader Adds Recognized Washington Attorney to Business Fraud Group
Sacramento BeeApril 2, 2012

... in the firm's Business Fraud and Complex Litigation Department. Lurie joins the Firm one week after it was announced that Ken Wainstein, former United States Attorney for the District of Columbia and Assistant Attorney General for National Security ...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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Pirates 2012: The Franchise
Beaver County TimesApril 1, 2012

At 25, he seems to be a superstar in the making, and ESPN's Keith Law ranked McCutchen as the third-best talent in baseball 25-and-under coming into spring training. If there was any question of whether McCutchen is now the face of the franchise, ...more »

Banking Law
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Palestinian Land Day gets good coverage in Oman, Arab press
Oman Daily ObserverApril 1, 2012

With the expansion of the so-called “Jerusalem municipal borders,” Israel illegally applied its laws, administration and jurisdiction over the expanded area, then covering 72 square kilometres or 1.3 per cent of the West Bank, adds Hisham.more »

Gaming Law
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Keep Your NEPA Out of My Gaming Management Contract
Indian Country Today Media Network.comApril 1, 2012

By Andrea Lord Goldstein One area of vital importance to many Indian tribes is the relationship of the Indian Gaming Regulatory Act (“IGRA”) to the National Environmental Policy Act (“NEPA”). The National Indian Gaming Commission (“NIGC”) requires ...more »

Business Formation
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Business people
NewsOK.comApril 1, 2012

Bass Law has hired Dustin L. Compton as an attorney in the firm's El Reno office. His practice is focused on civil litigation, personal injury, insurance bad faith, wrongful death, business formation and transactions, estate planning, and oil & gas.more »

Government Construction Contracts
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Nepal Parliament OKs China Dam Project
Wall Street JournalApril 2, 2012

The coalition government, which is led by a Maoist party, argued it was allowed under the country's water-resources law to award major dam construction contracts without a bidding process. Some 40% of Nepalis don't have access to electricity and the ...more »

Business Law
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Obama's insurance requirement not the only mandate
BusinessWeekApril 2, 2012

Lindsey Donner, a small-business owner from San Diego, pays the Medicare tax although she and her husband are uninsured. Donner, 27, says she doesn't see much difference between the mandate that workers help finance Medicare and the health care law's...more »

Institutional Investing
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Goldman divests Voice investment over sex ads
msnbc.comApril 2, 2012

The divestiture is the latest development in a growing controversy over online adult advertising that has pitted celebrities, law enforcement officials, members of Congress and a New York Times columnist against Village Voice Media, a private media ...more »

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When NC employers dodge workers' comp costs, employees pay the price
News & ObserverApril 1, 2012

Mike Carpenter, executive vice president of the NC Homebuilders Association, said his group has worked for years to try to clamp down on those in the construction industry without workers' compensation. Homebuilders pushed successfully for a law in ...more »

Former Mass. treasurer Cahill pleads not guilty
BusinessWeekApril 5, 2012

As a candidate for governor, I could be criticized for approving advertisements that were in the best interest of the lottery," Cahill said. "To act contrary to that interest and not run the ads would have put my own personal and political interests ...more »

Commercial Bankruptcy
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State law will make landfilling TVs illegal next year
Scranton Times-TribuneApril 2, 2012

"We know many homes and businesses have old computer monitors or televisions in storage or in the basement," said John Hambrose, spokesman for Waste Management, which operates the Alliance Landfill and Apex Waste Services.more »

Internal Investigative Services
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Circus investigates elephant crush
Irish ExaminerApril 2, 2012

The circus has launched an internal investigation amid concerns the elephants, or their food, may have been tampered with. "We have two theories," Mr Courtney said. "Elephants are very intelligent, sensitive animals and we have suspicions that the ...more »

Commercial Leasing
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Cambridge receives first payment for lot in commercial park (blog)April 2, 2012

By Claudia Loucks The village has been paid for its first sale in the new commercial park. At their meeting Monday, March 26, board members learned the village has received payment of $43500 from Michlig Energy for a 4.2 acre-lot in the new commercial...more »

International Transactions
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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 »

Communications & Media
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Executive Moves: April 2, 2012
Crain's New York BusinessApril 1, 2012

Jack Trachtenberg, 34, joined the law firm as counsel in the state and local tax practice. He was previously New York Department of Taxation and Finance deputy commissioner and taxpayer rights advocate. April Pottorff, 45, was promoted to principal at ...more »

New liquor law will bring booze to Tacoma's alcohol control zones
TheNewsTribune.comApril 8, 2012

At least 11 privately owned businesses within Tacoma's Alcohol Impact Areas have applied to Washington's Liquor Control Board for “spirit retail” licenses. The applicants seeking to sell liquor in Tacoma's AIAs range from big chain grocery and drug ...more »

Construction & Development
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Little-known court ruling could lead to big-time mess
Nashua TelegraphApril 1, 2012

This dates to the Voting Rights Act that is still applied here as it relates to 10 small communities. On Friday, O'Brien instructed Attorney General Michael Delaney that he wanted to review the AG's submission to federal authorities before it goes out.more »

Locating Funds
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Education Spending Raised in Arguments on Health-Care Law
Education Week NewsApril 2, 2012

By Mark Walsh For the US Supreme Court, the closely watched six hours of arguments last week were all about the Patient Protection and Affordable Care Act. So how did the Elementary and Secondary Education Act, teacher tenure, curriculum, Title IX, ...more »

Contracts Involving State & Minicipality
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Greenberg: A little perspective, please
Richmond Times DispatchApril 1, 2012

As he writes in The Washington Post: "If the law is upheld, it fundamentally changes the social contract. It means the effective end of a government of enumerated powers — finite, delineated powers beyond which the government may not go, beyond which ...more »

Mergers, Acquisitions & Divestitures
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ArchPoint Partners Founder and Managing Director, John Cooper, to Host Panel ...
MarketWatch (press release)April 3, 2012

ArchPoint leverages its combined experience in operations, strategy and investment banking to provide astute strategic advice for mergers, acquisitions, divestitures, spin-offs, private capital raising and restructuring. In addition, the firm provides ...more »

Controlled Substances Law
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We need drastic steps to beat drugs
Herald SunApril 2, 2012

I was leading a team of investigators enforcing the laws of the Drugs, Poisons and Controlled Substances Act. We were tackling the drug flow from imported heroin, cocaine and locally-produced amphetamines and cannabis. Victoria became the amphetamine ...more »

Mortgages & Foreclosures
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The Law Offices of Lance Denha Explains Taxable Income Implications with ...
Midland Daily NewsApril 26, 2012

The Law Offices of Lance Denha, PA has negotiated numerous deficiency balances with creditors and is committed to ensure that every possible avenue is pursued so that the homeowner's legal rights are preserved. Actively monitoring the ever changing ...more »

Corporate Finance & Taxation
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Deep Breaths as Yogis Face New Tax
Wall Street JournalApril 2, 2012

Yoga studios, she believed, weren't subject to the city's 4.5% sales tax. The yogi now says her relaxed attitude was misplaced. LeighAnn Montieth, manager at New York Yoga on East 85th Street. The New York Department of Taxation and Finance has decided ...more »

Non-Profit Corporations
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Democratic Judge Accuses Anti-Voter Fraud Group of Illegal Tea Party Connections
Texas GOP VoteApril 2, 2012

By Brandon Darby A Texas based judge with deep, overt ties to the Democratic Party has ruled that an anti-voter fraud organization--'True the Vote'--is not a non-profit corporation as they claim, but instead an illegal front group for the Republican ...more »

Creditor's Rights
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Big retrans battle may be the last
VarietyApril 1, 2012

Tribune said Saturday night it had no choice but to tell DirecTV to pull its signals in 19 markets, as well as cabler WGN America, as federal law requires a contract to be in place for a multichannel video provider to retransmit local stations.more »

Professional Corporations
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Coca-Cola ends ties to conservative law writers
Houston ChronicleApril 7, 2012

The legislators and corporate representatives draft templates of legislation that can be used by lawmakers and lobbyists as models for state or federal legislation. Koch Industries, whose top executives Charles and David Koch are prominent supporters ...more »

Customs Disputes
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Korea-U.S. Free Trade Agreement Enters Into Force
JD Supra (press release)April 2, 2012

Lindsay B. Meyer Ashley W. Craig Michael D. Sherman Carrie A. Kroll Elizabeth K. Lowe Brian C. Dunning Irene Ribeiro Gee David N. Cinotti International Trade and Customs International Dispute Resolution AUTHORS RELATED PRACTICES ARCHIVES 2012 2011 2010 ...more »

Public Offerings
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Court setbacks put damper on NJ corruption busts
Boston.comApril 1, 2012

"When you charge someone, particularly a public figure, you essentially ruin their life," said Rutgers School of Law Dean John Farmer, a former New Jersey attorney general whose former law firm represented Doria. "It's almost as if it's the charge that ...more »

Debt Collection
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Deathknell for the bookstore?
The HinduApril 2, 2012

Book lovers in the United States of America suffered a major jolt last year when the large retail chain 'Borders' specialising in books and music filed for bankruptcy and started liquidating outlets. For many of them, these stores were not just a space ...more »

Reorganizations & Restructuring
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Pinnacle Airlines' Bankruptcy Creates Downtown Uncertainty
WREGApril 8, 2012

The regional carrier's recent Chapter 11 Bankruptcy Protection filing is creating anxiety. Lowery is worried about Pinnacle's 13-year lease at One Commerce Square. “This happens in business,” said Lowery. “Of course, everyone is concerned, ...more »

Debt Settlement
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Wonkbook: Behind the gloomy economic forecasts
Washington Post (blog)April 3, 2012

The Office of Management and Budget argues that the cost of new regulations in the Obama administration's first three years was lower than the previous three years, under the George W. Bush administration. Agencies issued 886 final rules in the Obama ...more »

State & Minicipal Bonds
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Obama to sign pro-crowdfunding JOBS Act into law Thursday
VentureBeatApril 1, 2012

A piece of legislation designed to make crowdfunding a legal option for startups will be passed into law as President Barack Obama plans to sign the JOBS Act Thursday, VentureBeat has confirmed. The Jumpstart Our Business Startups (JOBS) Act has ...more »

Directors' & Officers' Liability
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Ill. pension director suggests cut for the retired
Appleton Post CrescentApril 1, 2012

SPRINGFIELD, Ill. (WTW) — The director of the Illinois Teachers Retirement System is warning that financial troubles are so great it could consider reducing pension benefits to teachers who have already retired. The (Springfield) State Journal ...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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'Your Favorite Toy' Contest Official Rules
Patch.comApril 2, 2012

Employees, contractors, freelancers and bloggers of Patch Media Corporation, AOL Inc., their advertising or promotion agencies, those involved in the production, development, implementation or handling of Contest, any agents acting for, or on behalf of ...more »

Unfair Competition
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Google ads “misleading and deceptive”
RegisterApril 3, 2012

Australia's consumer watchdog, the Australian Competition & Consumer Commission (ACCC), has pursued Google through the courts for several years over this kind of advertising, arguing that it is unfair to consumers and to business misrepresented by ...more »

Federal Contracts
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Administrative raises could cast shadow over contract talks
Gustine Press-StandardApril 2, 2012

By Mattos Newspapers GUSTINE – The controversial increases in compensation granted administrators in the Gustine Unified School District last year could cast a shadow over pending contract negotiations between the district and its teachers.more »

Venture Capital
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Threat to UK access to venture capital
Financial TimesApril 4, 2012

By Matthew Vincent European rules on state aid have jeopardised small UK companies' access to venture capital funding worth hundreds of millions of pounds each year, placing further strain on a sector already starved of credit. Under a measure included ...more »


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