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

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Commentary: Eagles well-positioned to handle loss of Jason Peters
The RepublicApril 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 »

'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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Government launches a clumsy secrecy bill advertising spree
Daily MaverickApril 2, 2012

Jayshree Pather of the Right2Know (R2K), a coalition of over 400 civic organisations and 16000 individuals opposed to the bill, said the messaging used in the campaign was misleading. “R2K will be lodging a complaint with ASA [the Advertising Standards ...more »

Federal Grants
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Wayne Pacelle, CEO of HSUS, comes to New Orleans for book-signing
NOLA.comApril 1, 2012

He tells the story of the biggest animal rescue mission in American history and how it led to the federal Pet Evacuation and Transportation Standards (PETS) Act, which requires every local or state disaster response agency receiving funding from FEMA ...more »

Antitrust Law, Domestic
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Patent litigation risk drives Microsoft to move European distribution center
ComputerworldApril 2, 2012

By Loek Essers IDG News Service - Microsoft is moving its European distribution center form Germany to the Netherlands due to ongoing patent litigation, a company spokesman confirmed Monday. The move is prompted by a lawsuit filed by Motorola against ...more »

Foreign Investments
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Gold Blossoming in Colombia: Paul Harris
NASDAQApril 1, 2012

Does the country risk losing some of that free-flowing capital if it doesn't start to permit mines? Paul Harris: No. The majority of that $12B you mentioned is in the oil and coal sectors. Gold is still in its infancy. Colombia enacted a mining code in ...more »

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Spanish Startups Get Second Wind as Telefonica Seeks Next Tuenti
BusinessWeekApril 1, 2012

Emtrics is testing the application, which lets users rate their customer experience, with companies such as hotelier NH Hoteles SA (NHH) and restaurant franchise Foster's Hollywood. Prime Minister Mariano Rajoy has pledged to pass a law for ...more »

Banking Law
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German lawyers offer help with mis-sold rate swaps 1, 2012

The German law firm credited with forcing Germany's banks to begin compensating business customers mis-sold interest rate swaps is preparing to offer its services to British companies that believe they have been sold similarly inappropriate hedging ...more »

Gaming Law
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Pa. joins cash-hungry states turning to lotteries
Pocono RecordApril 7, 2012

"It opens doors to states doing a very dramatic expansion of online games," Rose said. Most states, including Pennsylvania, would probably have to change their laws to allow online lottery gambling, and that could get tricky: Lawmakers may not want to ...more »

Business Formation
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Formosa Petrochemical Corporation hikes fuel prices to halve losses
Focus Taiwan News ChannelApril 1, 2012

Taipei, April 1 (CNA) Formosa Petrochemical Corporation (FPCC) President Tsao Mihn said Sunday the company will be increasing fuel prices on Monday but that the increases will still not cover the company's losses caused by absorbing rising crude oil ...more »

Government Construction Contracts
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EMCOR Group, Inc. Subsidiary Awarded Contract for Complete Installation of ...
MarketWatch (press release)April 2, 2012

NORWALK, Conn., Apr 02, 2012 (BUSINESS WIRE) -- EMCOR Group, Inc. (NYSE:EME) , a Fortune 500® leader in mechanical and electrical construction, energy infrastructure, and facilities services for a diverse range of businesses announced that its ...more »

Business Law
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Clifford Chance, Cadwalader, Maples, Skadden: Business of Law
BusinessWeekApril 3, 2012

If the company refuses to waive confidentiality in the course of the probe, it can be difficult for the SEC to prove that someone willfully violated the law, he said. Lench, whose unit is responsible for uncovering fraud in structured products such as ...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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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 »

Al Iraqiya's balancing act
gulfnews.comApril 2, 2012

Goran made the right decision — it is in the province's interests and its own interests as well. Its refusal to join the government will allow Goran political and media space and mobility. It will also make the province's government take a ...more »

Commercial Bankruptcy
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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 »

Internal Investigative Services
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Suspended Shelby County sheriff seeks dismissal of sexual battery case
LimaOhio.comApril 2, 2012

It began when detectives from the Licking County Sheriff's Office conducted an internal affairs investigation in August and September 2010 after former Deputy Jodi Van Fossen accused Kimpel of creating a hostile work environment and sexually assaulting ...more »

Commercial Leasing
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Commercial tenants with contractual concerns urged to seek advice
UK Business PropertyApril 3, 2012

A fast, fixed-rate lease review system is being offered by commercial property solicitors Birkett Long, which provides advice for commercial property tenants in Colchester about the rigidity of their contracts. Available to all commercial tenants, ...more »

International Transactions
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How to Fight Check Fraud
PCWorldApril 2, 2012

Charles Andrews, TeleCheck: Potential cases come from many different directions--from victims, law-enforcement agencies and our own internal systems--and then we use different tools to determine which cases require investigation.more »

Communications & Media
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Oil prices, TV in court and suicide
The News-PressApril 2, 2012

The News-Press Media Group and Riverland Nursery are teaming up to give...- 2:36 pm The following are excerpts from editorials in newspapers owned by Gannett, parent company of The News-Press. The Associated Press recently reviewed 36 years of monthly ...more »

Patent Assistance Worldwide Extends Legal Aid to Inventors as Facebook, Yahoo Feud
MarketWatch (press release)April 4, 2012

According to the experts at Patent Assistance Worldwide, Facebook's predicament just goes to show how cumbersome patent law can be, and how necessary the right legal aid really is. In the lawsuit, Yahoo alleges that Facebook has infringed on ten of its ...more »

Construction & Development
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Deal leads to businessman who owes state
Buffalo NewsApril 1, 2012

By Matthew Spina Because of Rachel Lithgow and her Victorian home in North Buffalo, prosecutors are back on the trail of a businessman who owes New York State more than $2.7 million. The state Attorney General's Office has served David W. Tomasello ...more »

Locating Funds
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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 »

Contracts Involving State & Minicipality
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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 »

Mergers, Acquisitions & Divestitures
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SMSC Reports Fourth Quarter and Full Fiscal Year 2012 Financial Results
MarketWatch (press release)April 10, 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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Florida In The Middle Of Pain-Killer Boom Once More
RedOrbitApril 10, 2012

In accordance with the US Controlled Substance Act, warrants may be issued for “valid public interest” without the type of probable cause needed under criminal law. The warrant was filed in the US District Court, Middle District of Florida.more »

Mortgages & Foreclosures
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KMPH FOX 26 | Central San Joaquin Valley News SourceAP Top News at 7:21 pm EDT ...
KMPH Fox 26April 4, 2012

Entertainment News from AP AP Top News at 7:21 pm EDT -Wednesday, April 4, 2012 AP National News Video More>> Supreme Court takes up key health care law issue: Can the gov't force you to carry insurance? More>> WASHINGTON (AP) - Mitt Romney unleashed a ...more »

Corporate Finance & Taxation
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A Greek banker's secret property deals
National PostApril 2, 2012

By Stephen Grey ATHENS — He is the former economics professor behind an upstart bank that rode the Greek boom to become a publicly listed heavyweight with a loan book of over 35 billion euros. She is his devoted wife, who oversees the bank's ...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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Sino-Forest Peek Made Buyers 'Run Away': Corporate Canada
BloombergApril 2, 2012

(TRE), the Chinese tree grower that filed for bankruptcy protection last week after failing to shake off fraud allegations, will struggle to find a buyer, according to timber industry professionals. Sino-Forest obtained an initial order for creditor ...more »

Professional Corporations
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Global business groups warn India over tax plan impact
ReutersApril 2, 2012

* Business groups warn of "reconsidering" investments in letter * Tax plan has "undermined confidence" in India, they say * Budget proposal would retrospectively tax overseas deals * UK's Osborne in India for meeting with finance minister By Henry Foy ...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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Jones County: Praying At Public Meetings Won't Stop
WITNApril 3, 2012

Complaints of prayer at Jones County Commissioners meetings has prompted public feedback, and demands for action at a public hearing Monday morning. According to the Jones County Attorney the ACLU says they've gotten two phone call complaints about ...more »

Debt Collection
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TaxMasters Leaves CNN, Fox News, MSNBC Holding Empty Bag
ForbesApril 3, 2012

TaxMasters, the heavily advertised “tax resolution” company that filed for bankruptcy last month, has left several big media companies, as well as its clients and law firms, holding an empty bag. In a court filing yesterday, TaxMasters listed ...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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The powerful piece of paper that is the Tampa Bay Rays lease
Tampabay.comApril 2, 2012

asked St. Petersburg City Attorney John Wolfe, who was an assistant city attorney at the time. "Yes, we did.'' What's interesting in retrospect is that it was seen as a one-sided deal for the then-Devil Rays in 1995. Between debt service and upkeep, ...more »

State & Minicipal Bonds
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Many oppose health care act, and many don't know its benefits
Baltimore SunApril 1, 2012

But in the court of public opinion, a large percentage of people polled recently want the law scrapped. A CBS/New York Times survey found nearly half of those polled disapprove of the law, while 40 percent want the entire act overturned.more »

Directors' & Officers' Liability
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A wealth of opportunity
Journal of AccountancyApril 1, 2012

CPAs should speak with an attorney and professional liability insurance provider before beginning any work with wealth management teams. CPAs can charge an hourly rate for attending PFP meetings and follow-up monitoring, or an annual retainer with ...more »

Trade Associations
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Rep. Randy Neugebauer discusses STOCK Act, upcoming election
LubbockOnline.comApril 6, 2012

President Barack Obama signed into law the Stop Trading on Congressional Knowledge Act – commonly known as the STOCK Act – “a bipartisan bill that prevents Members of Congress from trading stocks based on nonpublic information they gleaned on Capitol ...more »

False Advertising
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Trayvon Martin case 911 call: Screams not George Zimmerman's, 2 experts say
msnbc.comApril 1, 2012

Asked if he thought such tests would be admissible in court, Owen said "yes" and noted he had recently used similar testing in testimony at a Connecticut murder case that involved 911 call. Zimmerman told police that he screamed for help during his ...more »

Unfair Competition
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Google AdWords Appellate Decision Injects Some Uncertainty Back Into the ...
JD Supra (press release)April 13, 2012

by Foley Hoag LLP - Trademark, Copyright & Unfair Competition on 4/13/2012 Just when you thought it was safe to bid on competitors' trademarks as keywords -- provided you played it smart, and didn't put trademarks in the actual text of your sponsored ...more »

Federal Contracts
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HP Awarded Contract For Enterprise Cloud Computing Services By U.S. Army
NASDAQApril 3, 2012

( - Hewlett-Packard Company (HPQ) Tuesday announced that its Enterprise Services segment has been awarded a indefinite delivery/indefinite quantity contract by the US Army to provide the Department of Defense and other federal agencies with ...more »

Venture Capital
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The Daily Start-Up: Mogreet Nabs Cash For Multimedia Sharing Via Mobile
Wall Street Journal (blog)April 4, 2012

Also in today's VentureWire: Venture capitalists and crossover investors are providing OvaScience with $37 million in Series B financing as the company advances a pair of technologies that could help people affected by infertility…more »


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