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 »

The Unrepentant Sinner
VanguardApril 1, 2012

He persecuted Christians and, even after converting to Christianity, Paul still boasts he was blameless under the law. He says: “Concerning zeal, persecuting the Church; concerning the righteousness which is in the law, blameless.” (Philippians 3:6).more »

Business Law News and Stories

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Will conservative Supreme Court remove rent regs?
The VillagerApril 5, 2012

BY ANDY HUMM | The US Supreme Court will decide this month whether to take a case challenging the constitutionality of New York's 1943 rent regulation law that gives tenants the right to renew their leases and limits rent increases to a variable ...more »

Federal Grants
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PAs and the Affordable Care Act: Implications unknown
Clinical AdvisorApril 3, 2012

What is the future for health care now that the law has been around for two years, and how will our professional lives be affected? The initial primary impact has been in two arenas, first in grants to education programs to train more PAs, ...more »

Antitrust Law, Domestic
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Pacific Seafood to pay no damages
The Register-GuardApril 3, 2012

As the case filed in 2010 by Brookings father-son fishermen Lloyd and Todd Whaley wore on, Esler said, it became clear there wasn't the evidence to support claims that the company unfairly used its buying and selling clout to push around West Coast ...more »

Foreign Investments
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Investors remain divided over Greek foreign-law bond losses
ReutersApril 2, 2012

Athens completed the bulk of its bond exchange on March 12, swapping a nominal amount of 177 billion euros ($235 billion) of government paper issued under Greek law for new securities, inflicting real losses of about 74 percent on private-sector ...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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Financial crisis leaves familiar telltale signs
The Seattle TimesApril 1, 2012

No, it was caused by Fannie and Freddie and the federal government forcing banks to give mortgages to the poor and minorities. A new deregulation measure with great potential for mischief, the JOBS Act, is headed for President Obama's signature.more »

Gaming Law
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SC judge delays decision on Catawba gambling hall
Anderson Independent MailApril 2, 2012

Circuit Judge Ernest Kinard said at a hearing Monday that he just recently found out he was supposed to decide if the Catawba Indian Nation can immediately begin offering gambling. He said he'll need to review the hundreds of pages of legal documents ...more »

Business Formation
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Nyc run over
New York PostApril 1, 2012

“It's a crisis,” said Michael McKeon, a spokesman for Fraud Costs New York, a coalition of consumers, businesses, elected officials, insurance trade associations and others battling auto insurance fraud in New York state. McKeon said the crisis needs ...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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Cadwalader Adds Recognized Washington Attorney to Business Fraud Group
MarketWatch (press release)April 2, 2012

... a leading counselor to financial institutions and corporations, today announced that senior Department of Justice official Adam Lurie has joined the Washington Office as Partner in the firm's Business Fraud and Complex Litigation Department.more »

Institutional Investing
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India's changes in IT act may hurt foreign investment: UK
SME TimesApril 3, 2012

British Chancellor of Exchequer George Osborne in his meeting with Finance Minister Pranab Mukherjee Monday discussed the issues concerning the proposed amendment to the Income Tax Act, 1961, and said that the changes may hurt foreign investments in ...more »

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Leagle.comApril 2, 2012

With him on the petition was STEVEN B. ZISSER, Zisser Customs Law Group, PC, of San Diego, California. JUSTIN R. MILLER, Trial Attorney, Commercial Litigation Branch, Civil Division, United States Department of Justice, of New York, New York, ...more »

Malaysia-Indonesia Sign Agreement On Legal Cooperation
BernamaApril 2, 2012

By Ahmad Fuad Yahya JAKARTA, April 2 (Bernama) -- The Attorney General's Chambers of Malaysia and the Attorney-General's Office of Indonesia on Monday signed an agreement on legal cooperation in areas of common interest, including dealing with ...more »

Commercial Bankruptcy
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Judge rejects Carter's Grove settlement deal
Richmond Times DispatchApril 1, 2012

A federal bankruptcy judge has denied a motion to approve a settlement between the Colonial Williamsburg Foundation and Carter's Grove LLC. At issue is the James River plantation that once was a Colonial Williamsburg attraction but has fallen into ...more »

Internal Investigative Services
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“Coup investigation not within our mandate”: HRCM, PIC, PG, ACC, MMC
Minivan NewsApril 2, 2012

Police Commissioner Abdulla Riyaz previously told local media the police would not be conducting an internal investigation of police conduct during transfer of power, citing concern of investigation “overlap” on the issue between the HRCM and the PIC.more »

Commercial Leasing
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AFGRE finalizes the first Lease Agreement for Cairo Festival City's commercial...
Zawya (registration) (press release)April 1, 2012

Cairo, 1 st April 2012- Al Futtaim Group Real Estate (AFGRE) recently finalized their first Lease Agreement for an Office space in Southern Business District at Cairo Festival City. The agreement entails the leasing of approximately 6000 m² in one of ...more »

International Transactions
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GAAR: Vodafone yesterday, Otis today. Who will it be tomorrow?
FirstpostApril 3, 2012

The development comes as foreign protests against India's tax proposals gather steam. On Monday, UK's Chancellor of the Exchequer, George Osborne, said India's attempt to retrospectively tax overseas transactions could damage the investment climate in ...more »

Communications & Media
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Better Leadership Through Social Media
Wall Street JournalApril 1, 2012

Social media have only made that problem more acute. While blogging, Twitter and Facebook have brought new opportunities for conversation, knowledge gathering and relationship building, those opportunities may feel more daunting than dazzling to ...more »

Okla. lawmakers look to expand gun rights
Appleton Post CrescentApril 1, 2012

While officials in some states, like Florida, are taking a closer look at gun laws that allow the use of deadly force, Oklahoma lawmakers want to expand an individual's ability to openly carry a gun in public. "I don't think that the laws that we have ...more »

Construction & Development
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Third and final phase of downtown renovation to start
Battle Creek EnquirerApril 1, 2012

John Grap/The Enquirer • $54 million invested by Kellogg Co. as part of its research and development expansion more than $7 million by Hinman Co. Additional information about the construction, including maps, may be seen online at ...more »

Locating Funds
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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 »

Contracts Involving State & Minicipality
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Distressed cities weigh bold tactics
Bend BulletinApril 1, 2012

A new state law gives such managers the power to reject contracts, including labor contracts. PHILADELPHIA — Amid all the sobering discussions of what happens when cities run out of money, fiscal sleight of hand and time, the most telling detail at a ...more »

Mergers, Acquisitions & Divestitures
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SMSC Strengthens Consumer Electronics Connectivity Leadership with Digital ...
EON: Enhanced Online News (press release)April 12, 2012

Our forward looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations and may not reflect the potential impact of any future acquisitions, mergers or divestitures.more »

Controlled Substances Law
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Court nixes civil suits over lies to grand jury
KSWOApril 2, 2012

Immigration officials say that equals an aggravated felony conviction under the federal Controlled Substance Act, which makes him deportable. Moncrieffe lost appeals of that decision in the lower courts. - to referee a fight between the Arkansas Game ...more »

Mortgages & Foreclosures
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Short sales on homes are heading up in Detroit area
Detroit Free PressApril 1, 2012

... are going through as lenders recognize the benefits of avoiding foreclosure in the wake of the $25-billion settlement with five large banks and 49 state attorneys general over issues related to violations of federal and state foreclosure laws.more »

Corporate Finance & Taxation
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House GOP tax plan falls short
The StateApril 1, 2012

But while this marks the most serious proposal we've seen in years, some of its “solutions” are worse than the problems, and it fails to address so many of the worst problems with our antiquated, special-interest-driven tax code that it can't be ...more »

Non-Profit Corporations
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BIOTRONIK and Heartbeat International Celebrate Reaching Targets for Helping ...
MarketWatch (press release)April 2, 2012

TAMPA, FL, Apr 02, 2012 (MARKETWIRE via COMTEX) -- Heartbeat International Foundation, Inc. (HBI), a global non-profit organization providing cardiovascular implantable devices and treatment to people in need today, announced that its partnership with ...more »

Creditor's Rights
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True and false claims in Dewhurst campaign ad
WFAAApril 2, 2012

In the next claim in the commercial, Dewhurst says: "The next generation spent us into bankruptcy." But in describing how the federal government under the baby boom generation spent too much, Dewhurst's claim is false. Dewhurst's campaign points to ...more »

Professional Corporations
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Claire James, Ethan Ravetch
New York TimesApril 1, 2012

She is an associate at the law firm Skadden, Arps, Slate, Meagher & Flom in Manhattan, working in its corporate restructuring group. She graduated from Johns Hopkins, from which she also received a master's in government. She received a law degree from ...more »

Customs Disputes
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Leadership still an issue with TUCP's two camps
BusinessWorld Online EditionApril 1, 2012

In a statement issued yesterday, the dissenting TUCP group led by lawyer Democrito T. Mendoza “strongly protest[ed], the action taken by ITUC-AP (International Trade Union Confederation-Asia-Pacific) General Secretary Noriyuki Suzuki and the ITUC-AP ...more »

Public Offerings
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New Deputy Director of Public Prosecutions for Northern Ireland
BBC NewsApril 2, 2012

Pamela Atchison has been appointed as the new Deputy Director of Public Prosecutions for Northern Ireland. Ms Atchison is a solicitor with extensive experience in criminal law and as a prosecutor. Attorney General for Northern Ireland John Larkin said ...more »

Debt Collection
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TheWeekInWords: Last chance bankruptcy; beef or slime?
Philadelphia InquirerApril 1, 2012

Supreme Court Justice Ruth Bader Ginsburg, on what would happen if the so-called individual mandate is eliminated from the Affordable Care Act. "You could say that about buying a car."? - Justice Antonin Scalia, in a retort to Ginsburg.more »

Reorganizations & Restructuring
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Yahoo to lay off 2000 workers
TheNewsTribune.comApril 5, 2012

SAN FRANCISCO — Yahoo said Wednesday it would lay off 2000 employees, or about 14 percent of its work force, as part of a broader restructuring effort. The layoffs are part of a reorganization under Scott Thompson, Yahoo's new chief executive, ...more »

Debt Settlement
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Ngozi Okonjo-Iweala and the path of destiny (2)
Business HallmarkApril 2, 2012

She also spearheaded the negotiation of our debt settlement with the Paris Club which makes us one of the least-indebted countries in the world today. Some have criticised a decision that involved the transfer of a whopping US$13 billion to a bunch of ...more »

State & Minicipal Bonds
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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 »

Directors' & Officers' Liability
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Leagle.comApril 2, 2012

Note: Item 8, Schedule A lists "General Star" as the underlying professional-liability insurance. Coverage Provision*: An endorsement provides, "This insurance does not apply to fines, penalties, punitive damages . . . . Second-Layer Excess Policy ...more »

Trade Associations
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Industrial fees from global warming law emerge as key source in new Calif ...
The RepublicApril 3, 2012

DON THOMPSON AP SACRAMENTO, Calif. — California's plan to build the nation's first high-speed rail system has identified one alternative funding source if federal and private-sector money does not materialize: a new cap-and-trade program for ...more »

False Advertising
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Testimonials Still Are Not a Good Idea (press release)April 3, 2012

Although the Rules of Professional Conduct do not prohibit them, the ABA'™s Commentary 3 on Rule 7.1 (lawyer advertising) states: "An advertisement that truthfully reports a lawyer's achievements on behalf of clients or former clients may be ...more »

Unfair Competition
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Deals on rental power plants
Pakistan ObserverApril 8, 2012

The Supreme Court has declared Rental Power Plants contracts null and void for illegal and non-transparent policy of the government and in violation of law. The verdict says that in addition to other irregularities the contracts violated fair and open ...more »

Federal Contracts
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HENRY BRIGGS: How distrust is destroying Malvern's Police Department
Main LineApril 1, 2012

In May of 2011, recognizing the state of the economy, the Malvern FOP officers offered to leave the current contract in place for a year. Joe Rudolf, the borough's labor attorney, strongly recommended acceptance. Borough negotiators opted to work on a ...more »

Venture Capital
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Venture-Backed IPOs Have Strongest Opening Quarter in Five Years
SYS-CON Media (press release)April 2, 2012

... US stock market indices, 19 venture-backed companies went public in the United States during the first quarter of 2012, raising $1.5 billion, according to the Exit Poll report by Thomson Reuters and the National Venture Capital Association (NVCA).more »


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