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 »

AP News in Brief at 8:58 pm EDT
NECNApril 1, 2012

A luxury box at the stadium you can afford, but forget about buying the franchise and becoming the "No. 1 fan" of your favorite NFL or Major League Baseball team. The Los Angeles Dodgers just sold for $2 billion, besting the NFL record price of $1.1 ...more »

Business Law News and Stories

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Business Litigation Attorney Daniel W. Matlow Announces Prestigious Rating
Sacramento BeeApril 2, 2012

By Daniel W. Matlow, PA FORT LAUDERDALE, Fla., April 2, 2012 -- /PRNewswire/ -- South Florida business litigation attorney, Daniel W. Matlow ( has achieved the esteemed Lexis-Nexis Martindale-Hubbell® Peer Review AV Preeminent Rating ...more »

Federal Grants
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Howard Brown to pay $715000 to settle claims of misusing grants
Crain's Chicago BusinessApril 2, 2012

(Crain's) — Howard Brown Health Center has agreed to pay $715000 to several federal agencies to settle allegations that the North Side organization mismanaged grant money. The agreement resolves an investigation by the inspector general of the US ...more »

Antitrust Law, Domestic
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The UK's Private Healthcare Market is Under the Competition Spotlight
JD Supra (press release)April 6, 2012

Antitrust Practice Group  A ban on agreements between private healthcare providers and private medical insurers that concern the recognition of new, rival facilities. Policy and Regulatory Context The competition law probe of private healthcare ...more »

Foreign Investments
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Apollo Global Management Purchases $50 Million of Apollo Investment...
MarketWatch (press release)April 2, 2012

About Apollo Investment Corporation Apollo Investment Corporation (NASDAQ:AINV) is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. The Company provides private ...more »

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Ga. cold toward solar firms
Atlanta Journal ConstitutionApril 1, 2012

The measure, SB 401, has slowly faded after being sent to the Senate Natural Resources and the Environment Committee. An attempt to attach the bill to another one so it could be heard in the committee that oversees utility regulation failed also.more »

Banking Law
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Protect your identity highlights fraud seminar
The Star DemocratApril 1, 2012

... Anita Wilson, Social Security Administration; Susan Higgs, Older Adult Senior Care Program for Kent County; Melanie Rutkauskas, Better Business Bureau of Greater Maryland; and Thomas Grimes, Maryland Insurance Administration, Fraud Division.more »

Gaming Law
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Spy Games - by Michael Peck
Foreign Policy (blog)April 2, 2012

(Law enforcement agencies contacted the Department of Homeland Security's Science and Technology Directorate for help on a tool to examine gaming console data. The Department of Homeland Security (DHS) then asked the Naval Postgraduate School (NPS) to ...more »

Business Formation
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SFO Secret Settlements, Wells Fargo, Confirmations: Compliance
BusinessWeekApril 2, 2012

The SEC has said it's looking into the possibility of fraud by the San Francisco-based company and hasn't concluded anyone broke the law. Wells Fargo failed to produce subpoenaed documents and should be forced to cooperate with the probe into its sale ...more »

Government Construction Contracts
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Unity Infraprojects bags two contracts worth Rs 840 crore
Economic TimesApril 3, 2012

MUMBAI: Engineering and construction firm Unity Infraprojects today said it has bagged two orders worth Rs 840 crore. The orders relate to development of NHAI roads. The first project entails development and operation of Suratgarh- Sriganganagar ...more »

Business Law
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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 »

Institutional Investing
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CrowdCheck Applauds Crowdfunding Provisions of JOBS Act
MarketWatch (press release)April 2, 2012

WASHINGTON, April 2, 2012 /PRNewswire via COMTEX/ -- Today Sara Hanks, securities attorney and cofounder of CrowdCheck, applauded the JOBS Act for expanding crowdfunding investments to for-profit businesses, but cautioned that entrepreneurs and ...more »

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New 'Tru-ID' licenses to make NJ debut
Dailyrecord.comApril 2, 2012

I spent a lot of time trying to track this stuff down and had to go to court to legally change my name to Bob Marks, which had already been my name forever,” Marks said. Marks said he never had liked being called Robert, “so as long I was paying to ...more »

Private-Equity Taxes, Systemic Firms, Rabobank: Compliance
BloombergApril 3, 2012

Private-equity executives, who spent millions of dollars successfully fighting efforts to raise taxes on their investment profits, may not escape a new 3.8 percent levy in President Barack Obama's health-care law. The overhaul enacted two years ago ...more »

Commercial Bankruptcy
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ISDA Accepts Query On Potential Sino-Forest Bankruptcy Credit Event
4-tradersApril 2, 2012

(SNOFF) has suffered a bankruptcy credit event. If an ISDA determinations committee rules that a credit event has occurred, it could trigger payouts on insurance-like contracts--known as credit-default swaps--covering Sino-Forest's debt.more »

Internal Investigative Services
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Akçam unveils history of PKK's internal executions
Today's ZamanApril 2, 2012

Arguing that unsolved murder investigations in Turkey are not addressed well, Akçam said: “There isn'ta strong political will behind the investigations. Politicians have failed to give attention to Ayhan Çarkın's testimony, the Kurdistan Communities ...more »

Commercial Leasing
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HOKE: More expanding into rental management
Murfreesboro PostApril 1, 2012

In compliance with Tennessee law, it was separately organized and licensed as an independent real estate firm. In short, it oversees the day-to-day hassles associated with owning and maintaining rental property. Large investment companies that own ...more »

International Transactions
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Elephant Talk Communications Announces Strong Growth in Mobile and Security ...
MarketWatch (press release)April 2, 2012

(ASE:ETAK) ( ), an international provider of business software and services to the telecommunications and financial services industries, today announced the results of operations for the fourth quarter and fiscal year ended ...more »

Communications & Media
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Like in Florida, N.C.'s 'Castle Doctrine' law saves lives
Charlotte ObserverApril 1, 2012

Amid rhetoric about “legalized vigilantism,” national media rush to indict both George Zimmerman and Florida's “Stand Your Ground” (SYG) law. But even as editorialists call for curtailing such laws, Zimmerman's own lawyer admits SYG probably doesn't ...more »

Cities snuffing out hookah lounges
Minneapolis Star TribuneApril 1, 2012

City licensing staff said hookah lounges were taking advantage of the lack of definition for "sampling" in state law to "justify the operation of exclusive smoking nightclubs." Justin Jahangiri said the city ordinance will put him out of business.more »

Construction & Development
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Board studies housing proposal
Boston.comApril 1, 2012

The project, which has been renamed the Ledges at Woburn, would be built by a Woburn-based development firm, Dolben Co., under the state's affordable housing law, Chapter 40B, according to attorney Ted Regnante, who represents the firm and Woburn 38.more »

Locating Funds
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Loss of funding threatens UNESCO
The GamecockApril 3, 2012

Because of this law, efforts to improve health and education in the world's most destitute nations will come to a halt. The law in question states, “No funds ... shall be available for the United Nations or any specialized agency thereof which accords ...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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Dresner Partners Advises ARRIS Group, Inc. on the Divestiture of Its ...
MarketWatch (press release)April 4, 2012

Dresner provides financial advisory services to business owners and managers throughout the world, including institutional private placements of debt and equity, merger and acquisitions, valuations and strategic consulting services.more »

Controlled Substances Law
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Oakland Raids Highlight Clash of Cannabis Laws
The Nonprofit QuarterlyApril 3, 2012

They have stopped using their scarce law enforcement resources to punish patients and those who care for them and have instead spent considerable resources and time crafting programs that will provide patients with safe and regulated access to medical ...more »

Mortgages & Foreclosures
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Fending off home foreclosure: a playbook
Inman.comApril 6, 2012

The report found that 84 percent of the loans "had at least one clear violation of California's foreclosure laws." The report, which also noted "irregularities" in 99 percent of the loans audited, prompted House Minority Leader Nancy Pelosi, D-Calif., ...more »

Corporate Finance & Taxation
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Legislative Teleconferences — April 1, 2012
Fairbanks Daily News-MinerApril 1, 2012

Tax/Prevention Fund; SB 226 Purchase & Lease Of Nome Office Building; SB 179 Missing Vulnerable Adult Response Plan; SB 210 Crimes Against Children; SCR 24 Commission On 100th Anniv. of Legislature. 9:30 am—House Finance Committee.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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Doctor turned entrepreneur Jeremy Stone declared bankrupt
WalesOnlineApril 2, 2012

"I have done everything in law I must do and I am calm and indifferent. I would have willingly completed an IVA, which would have been a far better solution for creditors and realised for them an excellent settlement".more »

Professional Corporations
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TCI to take Coal India, directors to court
Business StandardApril 1, 2012

The Children's Investment Fund (TCI) today said it had instructed its Indian lawyers, Luthra & Luthra, to begin the process of bringing legal action against Coal India Limited (CIL) and its directors. “TCI has received advice that the conduct of CIL ...more »

Customs Disputes
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United States border chief on why his Caledonian roots are so important
Scottish Daily RecordApril 1, 2012

The agency, created after the 2001 terror attacks, enforce immigration and customs laws and go after illegal immigrants, employers who hire illegal immigrants and those trying to smuggle goods into the country. They have a staff of 20000, making it 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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Merger Deals Are Poised for Revival
Wall Street JournalApril 1, 2012

Some bankers and lawyers said they expect the second quarter to be only marginally more active than the first quarter, despite the fact that most of the necessary conditions for a healthy M&A market are in place. That includes huge reserves of cash ...more »

Reorganizations & Restructuring
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Wen Jiabao's Reform Push More Than Just Political Theater
Wall Street Journal (blog)April 6, 2012

Other analyses have portrayed Wen as a lone champion of restructuring, fighting a solitary battle against the dark forces of oppression and hardline gunslingers. But Wen's no performer. Nor is he some sort of cowboy. Instead, he is the sharp and public ...more »

Debt Settlement
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Foreclosure settlement about to take another swipe at homeowner equity
OregonLive.comApril 1, 2012

(Note the frequent use of the word "alleged" because no one has admitted any wrongdoing or been charged with any crime.) As we now know, one of the key features of the consent judgment is that these banks are required to offer principal reductions to ...more »

State & Minicipal Bonds
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Matthew D. DiCicco Named as One of Dayton Business Journal's 2012 '40 under 40'
Houston ChronicleApril 3, 2012

Freund, Freeze & Arnold, A Legal Professional Association, a Dayton, Ohio-based law firm, is pleased to announce that attorney, Matthew D. DiCicco, has been named one of the Dayton Business Journal's 2012 “40 Under 40” award winners.more »

Directors' & Officers' Liability
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Illinois pension director suggests cuts for retired
Peoria Journal StarApril 1, 2012

Ingram said pension funding is under severe threat from the state's unpaid bills, soaring Medicaid costs and the $85 billion in overall unfunded pension liability, which is expected to rise. "If that is the case, the only other option available that ...more »

Trade Associations
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IP law offers a window on future
Canada.comApril 11, 2012

But it was her summer job as a secretary for an Ottawa law firm that led her in another direction altogether. "After graduation I was offered a job as a paralegal. And so began my love affair with law," she says. Today, Bailey-Canham has a successful ...more »

False Advertising
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'Military-friendly' colleges? Maybe not
Alexandria Town TalkApril 1, 2012

Another bill would boost education counseling resources at the department, and separately, 14 senators have asked the department to trademark the term "GI Bill" so it will have more power to crack down on misleading advertising.more »

Unfair Competition
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MHRA-Mepa seminar: Call for less red tape and a level playing field
Malta Independent OnlineApril 3, 2012

Mr Micallef also expressed his support with restaurant owners who have to deal with unfair competition and thus advocated the principle of a level playing field. Another point raised by MHRA members dealt with the installation of retractable canopies, ...more »

Federal Contracts
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Broker Pleads Guilty in Bribery, Kickback, Fraud, and Perjury Scheme Involving ...
Atlantic Highlands HeraldApril 3, 2012

TRENTON, NJ —The former insurance broker for the Toms River Regional School District today admitted his role in a scheme to pay bribes and other benefits to the then-superintendent of schools to get and maintain a contract to provide insurance ...more »

Venture Capital
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Venture-backed IPOs raised $1.5 billion last quarter
ReutersApril 2, 2012

| SAN FRANCISCO (Reuters) - After a years-long chill, the market for venture-backed initial public offerings was heating up, the National Venture Capital Association and Thomson Reuters reported Monday. Some 19 venture-backed companies went public in ...more »


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