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 »

'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 »

Business Law News and Stories

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Cutest Dog Contest Rules
Patch.comApril 2, 2012

Requirements of the Potential Winner: Except where prohibited, a potential winner may be required to complete and return an affidavit of eligibility and liability/publicity release (the “Affidavit/Release”) and an IRS W-9 form within a timeframe to be ...more »

Federal Grants
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Texas law similar to 'stand your ground'
Houston ChronicleApril 2, 2012

By Erin Mulvaney Texas' Castle Doctrine grants people the same protection as the "stand your ground" law that has come under fire in Florida in the wake of the Trayvon Martin shooting. Rep. Garnet Coleman, D-Houston, spoke out against the law last week ...more »

Antitrust Law, Domestic
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Faruqi & Faruqi, LLP Is Investigating Green Mountain Coffee Roasters, Inc. on ...
Sacramento BeeApril 3, 2012

By Faruqi & Faruqi, LLP NEW YORK, April 2, 2012 -- /PRNewswire/ -- Faruqi & Faruqi, LLP, a national law firm concentrating on investor rights, consumer rights and enforcement of federal antitrust laws, is investigating potential wrongdoing at Green ...more »

Foreign Investments
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Cypress Sharpridge Investments: A REIT That's Cleaning Up From The Housing Bubble
Seeking AlphaApril 1, 2012

Like in other real estate investment trusts, 90% of the REIT's taxable income is then required by law to be paid out to investors as dividends. Cypress Sharpridge Investments, for example, has paid out a dividend hovering at around 15% or better range ...more »

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Opening days are hardly cause for excitement for Chicago fans
Morris Daily HeraldApril 2, 2012

The Cubs share the National League Central with the defending world champion Cardinals and a Brewers team that was actually six games better than St. Louis in 2011, but both lost face-of-the-franchise players in Albert Pujols and Prince Fielder in the ...more »

Banking Law
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Dallas Federal Reserve says breakup the "Too-Big-To-Fail" banks like Chase ...
Bay Area IndymediaApril 1, 2012

Thus two movements protesting lawlessness on the one hand and an excess of laws on the other – that doesn't necessarily strain the imagination. Rosenblum lists many reasons why he thinks the TBTF banks must be broken up, but the one that might be the ...more »

Gaming Law
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Where Is Gaming's Ultimate Crossover Project?
IGNApril 9, 2012

Street Fighter stalwarts and Tekken top dogs, together under one roof. Crazy stuff. Marshall Law: the best thing to happen to Street Fighter since Chun Li took a shower. What about an original game, set behind the curtain of gaming itself?more »

Business Formation
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Blame game in jobs fraud
New York PostApril 1, 2012

REALLY TRYING: Amateur thespian Mayor Bloomberg joins Beau Bridges (left) and Nick Jonas of “How to Succeed in Business Without Really Trying” at the Inner Circle send-up show. The source said voices were raised during the discussion, which ended with ...more »

Government Construction Contracts
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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 »

Business Law
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Health care reform: good for business
Baltimore SunApril 1, 2012

S. Supreme Courtheard six hours of oral arguments for and against the constitutionality of the new health care law. As a small business owner, I am not a constitutional scholar, but I can definitively say this: the Affordable Care Act is cutting my ...more »

Institutional Investing
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US Rep. Hansen Clarke: Save Detroit without taking away voters' rights
Detroit Free PressApril 1, 2012

If the City of Detroit falls into state receivership under the 2011 Emergency Manager law, the city's taxpayers — who were not responsible for the loss of population and investment that provoked the current crisis — will pay the terrible price of ...more »

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Electronic billboard disputes intensify in court
Arizona RepublicApril 1, 2012

And the billboard industry began moving into commercial zones near residential areas by converting old billboards. A request and eventual approval for an electronic billboard on Loop 101 in northeast Phoenix, a stretch of road that previously had no ...more »

Lien law collects on unpaid child support
In-ForumApril 2, 2012

Fleming said a task force that helped with the law's wording included child support advocates and business interests, and a lot of time was spent “discussing how we can improve child support enforcement without grinding commerce to a halt.more »

Commercial Bankruptcy
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(Eds: Adds quotes from governor, GOP chairman, legislator, Wells Fargo lawyer...
CanadianBusiness.comApril 1, 2012

"We fully expect to challenge the constitutionality of this law on a number of grounds," said Troy attorney James Allen of Miller Canfield, who represents Wells Fargo. A Grand Traverse County judge ruled that David Schostak was personally responsible ...more »

Internal Investigative Services
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New EnCase® Forensic Delivers Faster, More Efficient Investigations
MarketWatch (press release)April 4, 2012

PASADENA, Calif., Apr 04, 2012 (BUSINESS WIRE) -- Guidance Software Inc. (NASDAQ:GUID) , the World Leader in Digital Investigations™, today announced the availability of EnCase® Forensic version 7.03, the latest version of its industry-standard ...more »

Commercial Leasing
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For sale or lease: six schools, grounds
Columbus DispatchApril 1, 2012

By Bill Bush Pushed by a new state law, the Columbus school district is poised to put six school buildings — the most in decades — up for sale or lease. Administrators plan to ask the Columbus Board of Education by May to declare the schools surplus ...more »

International Transactions
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Juan Pablo Cappello Distinguished Chilean Serial Entrepreneur and Co-Founder ...
Virtual-Strategy MagazineApril 1, 2012

Juan Pablo Cappello, a Corporate & Securities shareholder in the Miami office of international law firm Greenberg Traurig has been named a “Top 50 Entrepreneur” by Business Leader magazine. An awards reception was held for honorees on Monday, ...more »

Communications & Media
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People and Places for April 2
Richmond Times DispatchApril 2, 2012

Frank J. DeGaetani Jr. has joined the Ballato Law Firm. His practice focuses on collections and creditors rights law, landlord tenant litigation, professional and municipal collections, business and commercial law, simple wills and estates, ...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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New residential construction coming to downtown Upland
Inland Valley Daily BulletinApril 1, 2012

"I think it's a segway into development of our downtown area." The project by Brea-based KPT Properties LLC will include 82 Spanish style duplexes at 1600 to 1800 square feet each; 65 attached craftsman cottage style row-townhomes at 1100 to 1580 ...more »

Locating Funds
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Funding crisis could see Brent Community Law Centre close for good
Brent and Kilburn TimesApril 1, 2012

A community law centre which helps the borough's most vulnerable residents could close for good if it loses a funding battle. A worker at Brent Community Law Centre says the organisation is being attacked with “cuts from both sides” and could struggle ...more »

Contracts Involving State & Minicipality
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Ethics issue complicates EMSA case
Tulsa WorldApril 1, 2012

MIKE SIMONS / Tulsa World The daughter of EMSA CEO Steve Williamson works for the law firm retained by EMSA to handle collections. By ZIVA BRANSTETTER World Enterprise Editor For more than 20 years, the Works & Lentz law firm has held a no-bid contract...more »

Mergers, Acquisitions & Divestitures
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magicJack Expects All-time Record Revenue and Income for Q1 2012 of ...
MarketWatch (press release)April 9, 2012

The Company also confirmed that longtime Director Mr. Gerald T. Vento has been appointed Chairman. -- GAAP revenue, net income and earnings per share (EPS) for the first quarter 2012 are expected to be approximately $37.4 million, $7.8 million and ...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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CFPB Proposes Rules to Crack Down on Mortgage Servicers
ForbesApril 10, 2012

That is the theme of new rules the Consumer Financial Protection Bureau proposed Tuesday for the companies that “service” your mortgage. That means your mortgage payment would be immediately credited; your records would be accurate and up-to-date; ...more »

Corporate Finance & Taxation
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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 »

Non-Profit Corporations
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The High Cost of Gambling on Oil
New York TimesApril 11, 2012

Higher oil prices act like a choke-chain on the economy, dragging down profits for ordinary businesses and depressing investment. When I started buying and selling oil more than 30 years ago for my nonprofit organization, speculation wasn'ta ...more »

Creditor's Rights
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Scandia recovers from bankruptcy
Napa Valley RegisterApril 2, 2012

JL Sousa/Register A year ago, Finn Jensen was knee deep in bankruptcy proceedings, working with attorneys and the court to save his family-owned and -operated business, Scandia Family Fun Center of Fairfield. Today, Jensen said the fun center's ...more »

Professional Corporations
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Fragomen, Del Rey, Bernsen & Loewy enters Atlanta
Bizjournals.comApril 2, 2012

New York corporate immigration law firm Fragomen, Del Rey, Bernsen & Loewy LLP set up shop in Atlanta, taking 16 partners and attorneys and 64 paralegals and professional staff from Berry Appleman & Leiden LLP in Atlanta. New York corporate immigration ...more »

Customs Disputes
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With little openness, rumors rule in Haiti
Philadelphia InquirerApril 1, 2012

Conille, a newcomer to Haiti's dagger-in-the-back politics, downplayed the disputes until he resigned four months after assuming the post. The gossip continues to churn as Martelly looks increasingly vulnerable. The first-time politician enjoys the ...more »

Public Offerings
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Longtime local, state leader Longmire dies
Grand Forks HeraldApril 1, 2012

George Longmire, a Tennessee gentleman transplanted to North Dakota, a state senator and attorney active in community groups such as the Lions Club, died March 25 at Auburn Manor in Chaska, Minn. He was 96. George Longmire, a Tennessee gentleman ...more »

Debt Collection
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Bitcoin, the City traders' anarchic new toy
ReutersApril 1, 2012

She said EU law required only euros to be accepted as legal tender, but this was superseded by German law that allows those involved in a contract to determine its content. So Bitcoin is at least not illegal there. The situation in the United States is ...more »

Reorganizations & Restructuring
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Deloitte to Acquire CRG Partners
Compliance WeekApril 4, 2012

As a major expansion of its financial restructuring, turnaround management and bankruptcy reorganization capabilities, Deloitte announced it has reached an agreement to purchase substantially all of the assets of New York-based CRG Partners, ...more »

Debt Settlement
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Debt Settlement Companies: Too Good to be True?
The Sacramento PressApril 2, 2012

A sizable percentage of these people tell us that there must be some mistake—they hired a company to settle all their debts for them, so how can they be sued? Unfortunately, “debt settlement companies” frequently promise far more than they can deliver.more »

State & Minicipal Bonds
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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 »

Directors' & Officers' Liability
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Virbhadra vs Kejriwal
IANSApril 1, 2012

The Congress leader said that one of the allegations against him was that he was filmed demanding bribe from a government officer. "I dare you to produce any such film before you demand any action against me," wrote Virbhadra Singh.more »

Trade Associations
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Google Ads in Australia Searches Misleading, Court Says
BusinessWeekApril 3, 2012

Justice Antony Nicholas dismissed the ACCC complaint in September, ruling that Google didn't know publication of the ads amounted to a contravention of the Trade Practices Act. The ACCC appealed, citing four advertisements, including those that showed ...more »

False Advertising
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OJ Simpson's Former Lawyer Gabriel Grasso Suing Yale Galanter, Other Member Of ...
Huffington PostApril 3, 2012

By KEN RITTER 04/ 3/12 07:49 PM ET OJ Simpson's attorneys, Yale Galanter (L) and Gabriel Grasso (R), are headed toward their own legal battle. LAS VEGAS — A Las Vegas lawyer who represented OJ Simpson in the Nevada trial that led to the celebrity ...more »

Unfair Competition
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ANALYSIS: Battle lines have been drawn over law's chances in Michigan this ...
Heritage NewspapersApril 8, 2012

It provides no 'rights' and no 'works' ... its purpose is to destroy labor unions and the freedom of collective bargaining." Continued... But what about the drop in union membership over the past decades - doesn't that illustrate a drop in union ...more »

Federal Contracts
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Huawei to buy Sydney Tower, Harbour Bridge
ZDNet AustraliaApril 1, 2012

Following the Federal Government's decision to ban Huawei from tendering for National Broadband Network contracts, it looks as if the Chinese giant may have decided to retaliate by attempting to snap up two of Sydney's most iconic landmarks.more »

Venture Capital
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Asia Private Equity Weekly News, April 10, 2012
ReutersApril 10, 2012

APRIL 6 TPG CAPITAL LP and China's Hony Capital are to bid jointly for Elpida Memory, a source familiar with the matter said on Friday, joining an increasingly international battle for the bankrupt Japanese chipmaker. TAIWAN VENTURE capital firm China ...more »


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