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

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American Airlines improving its LAX terminal despite bankruptcy
Contra Costa TimesApril 1, 2012

The aim, officials say, is to improve service to travelers as a way to drum up business and drive down costs. "We're in bankruptcy, but that doesn't mean we're not improving the customer experience," Mary Frances Fagan, director of corporate...more »

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

Though the state has the power to crack down on these businesses, it doesn't act until a worker is hurt and left without a paycheck and with mounting medical bills. The state Industrial Commission rarely enforces penalties, and efforts to collect money ...more »

Business Law News and Stories

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Alta. elections boss warns groups over third-party advertising laws
The ProvinceApril 2, 2012

The rules, which demand third-party advertisers register with Elections Alberta, submit financial statements showing where their money comes from, and abide by contribution limits, came into force for the first time in this election period.more »

Federal Grants
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Illawarra bussinesses receive vital funds for innovation and investment
ABC Online (blog)April 2, 2012

Manufacturing is one of several sectors in the Illawarra set to welcome a share of close to 500 jobs, as the government allocates the first round of 30 million dollars worth of funding to the region. In August last year, the federal government ...more »

Antitrust Law, Domestic
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Dewey, Skadden, Allen & Overy, Baker Botts: Business of Law
BloombergApril 5, 2012

Otting specializes in administrative law with a focus on procurement law, privatization, public-private partnerships, and building and real estate law. He headed the public law practice at Gleiss Lutz. To contact the reporter on this story: Elizabeth ...more »

Foreign Investments
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Bank challenges law aiding GOP chairman's brother
MLive.comApril 1, 2012

(AP) — Wells Fargo bank is challenging a new state law signed by Republican Gov. Rick Snyder that would overturn a $2.4 million judgment against the brother of state GOP chairman Bobby Schostak for a northern Michigan real estate deal gone bad.more »

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Dealmaker of the Week: Joseph Shenker of Sullivan & Cromwell
The American LawyerApril 1, 2012

In the wake of the divorce, the team sought Chapter 11 bankruptcy protection in June and then wrangled with MLB over McCourt's attempts to negotiate a television-rights deal with Fox Sports. Between the divorce, the bankruptcy, and the court-supervised ...more »

Banking Law
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Sars brown envelope scam 1, 2012

This letter informed me that I have to submit my banking details to them and kept me responsible to do so in 30 after which our property would be auctioned, seeking outstanding tax from me for my deceased father in law. Can a person be held accountable ...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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'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 »

Government Construction Contracts
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Orbital Sciences Corporation : ORBITAL CELEBRATES 30TH ANNIVERSARY OF ...
ReutersApril 2, 2012

Satellite and Launch Vehicle Manufacturing Experience Orbital's experience over its first 30 years includes design, development and manufacturing of 165 satellites and 40 major space systems for commercial, scientific and national defense customers.more »

Business Law
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Capitol Report: Short-lived pay equity law appears headed for repeal
Capital TimesApril 1, 2012

She previously covered business in the Madison area and state government and politics in South Carolina. A law that made it easier for women, the elderly and disabled workers to seek financial recourse for failing to earn as much as their colleagues is ...more »

Institutional Investing
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'Business as usual' for Walkers despite Maples & Calder moves
HedgeWeekApril 2, 2012

Walkers remains one of the most successful and profitable offshore law firms and is on track for a very positive year.” Walkers had more investment funds partners ranked in the current 'International Who's Who of Investment Funds Lawyers' than any ...more »

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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 »

Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Swisher ...
MarketWatch (press release)April 3, 2012

BENSALEM, Pa., Apr 02, 2012 (BUSINESS WIRE) -- Law Offices of Howard G. Smith, representing investors of Swisher Hygiene Inc. (“Swisher” or the “Company”) (NASDAQ:SWSH) , has filed a class action lawsuit in the United States District Court for the ...more »

Commercial Bankruptcy
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At Hostess, a Fight Over Sharing Pain
Wall Street JournalApril 1, 2012

In 2011, the median weekly earnings of union members was $938; using 2011 dollars, that compares to $923 in 2005, according to the Bureau of Labor Statistics. Companies increasingly argue that they can't compete when burdened by obligations to ...more »

Internal Investigative Services
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3 men caught in north Lebanon stealing generators
The Daily StarApril 2, 2012

The Internal Security Forces arrested the three individuals – identified by their initials MK, his brother BK, and MA from Qibbeh, Tripoli – while they were attempting to steal power generators. The men were apprehended in their vehicle that carries ...more »

Commercial Leasing
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A brief look at NC state Rep. Bill Faison
Greenville Daily ReflectorApril 1, 2012

Manager of the Faison Law Group, Durham. Other business interests include commercial real estate, land development, an aircraft leasing company and a family farm. POLITICAL CAREER: Elected to North Carolina state House in 2004 and re-elected three more ...more »

International Transactions
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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 »

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 »

Abide by road laws and acquire the requisite driving documents - Alhaji Fuseini
GhanaWebApril 2, 2012

He used the occasion to appeal to drivers to abide by the laws governing road safety and help reduce the frequent accidents not only during the Easter season but to take note of the road markings, warnings and mandatory signs and avoiding dangerous ...more »

Construction & Development
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New drilling law deepens discord
Youngstown VindicatorApril 1, 2012

He said that late last year, environmental groups indicated they wanted to work on disclosure language in the legislation so that it was more like the Colorado law. “This law was universally accepted as the gold standard,” said Crompton.more »

Locating Funds
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Tip-a-Cop Today and Raise Funds for the Special Olympics
Patch.comApril 5, 2012

Tip-A-Cop and raise funds for the Special Olympics. Law Enforcement Officers give a whole new meaning to "protect and serve" at Tip-A-Cop fundraisers. Officers serve as celebrity waiters at local restaurants, and they donate all the tips they receive ...more »

Contracts Involving State & Minicipality
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Law Review: Reading tea leaves on the justices' health-care-law comments
Philadelphia InquirerApril 1, 2012

Justice Antonin Scalia, a son of Trenton, was the most vocal, even uninhibited, conservative voice, deftly sprinkling abstruse legal argument with street idiom, at one point describing a promise of Medicaid funds to former Nebraska Sen.more »

Mergers, Acquisitions & Divestitures
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How Huge Banks Threaten the Economy
Wall Street JournalApril 3, 2012

Mergers and acquisitions of yesterday are followed by divestitures and spin-offs of tomorrow. Investment banks, private equity firms and turnaround managers are among the specialists enabling corporate restructurings. Since 2008, a few of the largest ...more »

Controlled Substances Law
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" Disturbing Questions About Our Government and the So-Called 'War on Drugs ...
Brad Blog (blog)April 18, 2012

Although the correlation between the 1970 passage of the Controlled Substances Act and the exponential growth in the US prison population is depicted in the graph at right, the surprising feature, as reflected in a discussion at Alternet about a study ...more »

Mortgages & Foreclosures
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Tighter mortgage fraud laws near floor votes in Legislature
Central Valley Business TimesApril 18, 2012

The bills include measures to protect tenants in the foreclosure process, allow local communities better remedies against blight and allow the Attorney General's office more power to investigate and prosecute mortgage-related crimes.more »

Corporate Finance & Taxation
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No more school property taxes?
Philadelphia InquirerApril 1, 2012

Thomas Caltagirone is a cosponsor of the proposed Property Tax Independence Act for Pennsylvania. JASON MINICK / Associated Press On Monday, Pennsylvania legislators from both parties will step up a campaign to kill your local school property taxes.more »

Non-Profit Corporations
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Federal Court Requires Greater Disclosure of Corporations that Fund ...
JD Supra (press release)April 17, 2012

Rather, typically, corporations donate treasury funds to third-party groups such as those organized under section 501(c)(4) of the Internal Revenue Code (IRC) (eg, civic leagues and social welfare organizations) and IRC 501(c)(6) (eg, business leagues ...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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People in Business
Houston ChronicleApril 1, 2012

IPFC is a boutique financial consulting firm that provides corporate, individual and law firm clients with financial assessments and valuation services related to intellectual property and other assets. 1CBRE announced that commercial mortgage brokers ...more »

Customs Disputes
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Trading death in bulk 1, 2012

Unfortunately while other countries have imposed strict regulations governing the import of hazardous plastic waste, the import of such products in our country is going unchecked, with customs authorities blatantly violating laws to facilitate traders ...more »

Public Offerings
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'Law and order auction' draws Attorney-General's fire
The AustralianApril 2, 2012

NSW Attorney-General Greg Smith has stepped up his attack on "the law and order auction" by blaming widespread sentencing errors in the state's courts on the complexity of criminal laws Labor governments had introduced to placate some commentators.more »

Debt Collection
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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 »

Reorganizations & Restructuring
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Butler Street YMCA faces severe financial crisis, possible restructuring
Atlanta Journal ConstitutionApril 2, 2012

"We've struggled through it and done a number of things, but now we're at the point where we have to take a look at reorganizing," said Rebecca Johnson, a member of the board. "We're still looking at options, but we do plan to come back.more »

Debt Settlement
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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 »

State & Minicipal Bonds
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Stroz Friedberg and Pangea3 Form Alliance to Offer eDiscovery Services
MarketWatch (press release)April 2, 2012

NEW YORK, Apr 02, 2012 (BUSINESS WIRE) -- Stroz Friedberg, LLC a global digital risk management and investigations firm, today announced an alliance with Pangea3, the leading provider of legal process outsourcing solutions and the New York Law...more »

Directors' & Officers' Liability
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Opinion Line (April 1)
Kansas.comApril 1, 2012

If the US Supreme Court strikes down the Affordable Care Act on the grounds of government intervention, then surely I'll be able to cancel the liability insurance on my car. Why do liberals fight so hard for pie-in-the-sky entitlements only to ...more »

Trade Associations
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WTO dents US ban on clove cigarettes
ReutersApril 4, 2012

By Tom Miles and Doug Palmer | GENEVA/WASHINGTON (Reuters) - The World Trade Organization on Wednesday dealt a blow to a US law barring the sale of clove-flavored cigarettes to discourage children from smoking, saying it was unfair to Indonesia because ...more »

False Advertising
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Woyome Affair: M-Powapak boss' 'secret letter' to Prez Mills
GhanaWebApril 3, 2012

... in the media that he (Woyome) “controlled and financed” the Austrian Consulate was false. He recalled that following his formal appointment by the Government of Austria, it was found that Mr. Woyome was advertising or projecting himself as “'H.E'.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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EFCC Arraigns Female Architect Over N45 Million Fraud
AllAfrica.comApril 1, 2012

By Paul Dada, 31 March 2012 The Economic and Financial Crimes Commission (EFCC) has arraigned a female architect, Nwanne Okengwu Emeh of Dunnel Worldwide Limited before the Lagos State High Court, Ikeja for allegedly obtaining various sums of money ...more »

Venture Capital
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Business Audience Marketing Leader Bizo Secures $10 Million Series B Funding
MarketWatch (press release)April 2, 2012

... today announced that it has closed a $10 million Series B equity financing expansion round led by Crosslink Capital's newest partner, David Silverman. Existing investors Bessemer Venture Partners and Venrock also participated in the round.more »


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