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

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Cops sensitized to elders' woes
Times of IndiaApril 1, 2012

BANGALORE: Senior citizen Mandakini's son allegedly threatened her every day and would physically abuse her, forcing her to transfer her property to him. She called the Elders' Helpline, which in turn issued a notice to the son.more »

Supreme Court of the United States
Law.comApril 1, 2012

...Louis - School of Law) has...on the Supreme Courtâ s...the Supreme Court decided establish state court the United States to... by Justice Paul G. Feinman | 03/30/2012 The Matter of Birney v.more »

Business Law News and Stories

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Wanted: Police chief to keep SA safe
Adelaide NowApril 1, 2012

Picture: Graham Mark Source: The Advertiser THE hunt for Police Commissioner Mal Hyde's replacement has begun, the State Government advertising the job at the weekend. The advertisement, run here and interstate, says applications are invited from ...more »

Federal Grants
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Foley going after new federal transportation grant for elevated walkway (blog)April 1, 2012

By Guy Busby Press-Register FOLEY, Alabama — Funding for a pedestrian walkway over Ala. 59 and other Baldwin County improvements could be approved this summer under a proposal under consideration by the US Department of Transportation.more »

Antitrust Law, Domestic
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Humana Completes Acquisition of Arcadian Management Services
MarketWatch (press release)April 2, 2012

To resolve antitrust concerns, Humana and Arcadian have entered into a consent agreement with the United States Department of Justice that will require divestiture of overlapping Medicare Advantage health plan business in eight areas within Arizona, ...more »

Foreign Investments
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Indian economy: Back to dinosaurs
MSN IndiaApril 1, 2012

The mandarins of the finance ministry are seeking solace in the fact that FDI was mentioned in the minister's speech. "We could have dropped it altogether from the speech if we were not keen on pushing it," says an official.more »

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Chanticleer Holdings Secures Hungary as a First Step in Hooters Emerging ...
MarketWatch (press release)April 3, 2012

Under the franchise agreement, Chanticleer will own 80% of Chanticleer's business in Hungary, with a management group led by Mr. Hemingway owning the remaining 20%. "We are excited to embark in our expansion into Hungary, an attractive growth market I ...more »

Banking Law
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Will new watchdog bite or just bark?
Crain's New York BusinessApril 1, 2012

Will the Consumer Financial Protection Bureau act primarily through deliberative rule-making or via knuckle-cracking enforcement? Looks like the answer is “remains to be seen.” What follows is an edited version of Mr. Kaplan's conversation last month ...more »

Gaming Law
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Macau March Gambling Revenue Up 24%
Wall Street JournalApril 2, 2012

Gambling revenue in Macau, the only place in China where casino gambling is legal, rose to 24.99 billion patacas (US$3.12 billion) last month, up from 20.09 billion patacas a year earlier, according to data from Macau's Gaming Inspection and ...more »

Business Formation
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Congress gets rough treatment at Supreme Court
BusinessWeekApril 1, 2012

The views about Congress underlay questions from justices who appear to be on both sides of the argument over the constitutionality of the law's key provision, the individual insurance requirement, as well as whether the entire law should be thrown out ...more »

Government Construction Contracts
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Construction magnate arrested in massive corruption sweep
Toronto SunApril 17, 2012

The anti-corruption unit has spent two years looking into allegations of bid-rigging, illicit party financing and money laundering involving construction firms connected to all three levels of government. A public inquiry into the widespread rot is ...more »

Business Law
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Florida: fertile ground for pro-gun laws
Tampabay.comApril 1, 2012

These laws have made it easier to obtain firearms and carry them into more and more places. The NRA was behind a 2008 law that allows employees to bring guns to work, so long as they're locked in the car. Several businesses, like the politically ...more »

Institutional Investing
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Banks' Glass-Steagall Walls Quietly Rebuilt
ForbesApril 2, 2012

... it was not unusual to see signs urging the return of the 1933 Glass-Steagall Act. But according to panelists at the Securities Traders Association of New York on Thursday, the landmark Depression-era law that separated commercial banks, ...more »

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Health insurance requirement not the only federal mandate
Memphis Commercial AppealApril 1, 2012

Lindsey Donner, a small-business owner from San Diego, pays the Medicare tax although she and her husband are uninsured. Donner, 27, says she doesn't see much difference between the mandate that workers help finance Medicare and the health care law's...more »

Cantwell refuses PAC money, but accepts special-interest contributions
The Seattle TimesApril 1, 2012

Maria Cantwell, D-Wash., doesn't accept contributions from political-action committees, but donors with special interests are still giving to her re-election campaign. By Kyung M. Song( and Justin Mayo No comments have been posted to this article.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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European Commission begins anti-trust investigation over Motorola patent tactics 3, 2012

Motorola said that it believes it will be able to prove to the EC that its stance is legal and would help regulators however possible. "Motorola is confident that a thorough investigation will demonstrate that it has honoured its FRAND obligations and ...more »

Commercial Leasing
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Commercial Notes for April 2
Richmond Times DispatchApril 2, 2012

Commonwealth Commercial Partners Inc. reports the lease of 19490 square feet at 4301-4303 W. Broad St. in Richmond to Richmond Behavioral Health Authority. 36000 square feet at 4667 Carolina Ave. in Richmond to the Tire Centers.more »

International Transactions
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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 »

Communications & Media
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Media give ample coverage, little clarity to Trayvon Martin case
Bradenton HeraldApril 1, 2012

Since then, many details of the case have become bitterly disputed, especially in the more partisan corners of the media. Those who had managed to miss the story might have been forced to take notice March 23, when President Barack Obama said a son of ...more »

Should Elderly Drivers Need a Doctor's Note?
ABC News (blog)April 2, 2012

“HOW DO THEY KEEP THEIR LICENSES?” Unless there is a minimum speed law it sounds as through she at least was driving within her recognized limitations. I'd side more with the idea in the article that teens as a group are a bigger hazard that the ...more »

Construction & Development
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When NC employers dodge workers' comp costs, employees pay the price [The News ...
Insurance News Net (press release)April 1, 2012

Mike Carpenter , executive vice president of the NC Homebuilders Association , said his group has worked for years to try to clamp down on those in the construction industry without workers' compensation. Homebuilders pushed successfully for a law in ...more »

Locating Funds
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Viewpoint: Watching the Money
GovExec.comApril 6, 2012

A properly designed and implemented compliance plan would save money and help government organizations ensure they are operating within the law. With a real-time plan, issues can be corrected immediately, giving taxpayers, government officials and fund ...more »

Contracts Involving State & Minicipality
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Ammunition business leads the way for Alliant
Minneapolis Star TribuneApril 1, 2012

In addition to civilians, the sporting group also markets ammunition and accessories to security companies and law enforcement agencies, which have increased their spending since the 9/11 terrorist attacks. Alliant recently won renewal of a contract to ...more »

Mergers, Acquisitions & Divestitures
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Deal Capital Expands Partnership Reach for Seattle Investment Banking
PR Leap (press release)April 20, 2012

Deal Capital's Seattle location currently specializes in representing private companies in divestiture and merger and acquisition advisory. Deal Capital prides itself as a premiere investment banking firm that partners with a nationwide network of M&A ...more »

Controlled Substances Law
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We need drastic step to beat drugs
Herald SunApril 2, 2012

I was leading a team of investigators enforcing the laws of the Drugs, Poisons and Controlled Substances Act. We were tackling the drug flow from imported heroin, cocaine and locally-produced amphetamines and cannabis. Victoria became the amphetamine ...more »

Mortgages & Foreclosures
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Cuyahoga County boards of revision ignore case law on bank sales
Plain DealerApril 3, 2012

Cuyahoga County refuses to recognize the price a bank accepts for a house as unequivocal proof of the property's value, despite an Ohio Board of Tax Appeals opinion that says taxpayers can use bank sales to challenge their appraisals.more »

Corporate Finance & Taxation
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India not a tax haven, says Finance Minister
NDTVApril 1, 2012

Kolkata: Defending the proposed amendment of the Income Tax (IT) Act with retrospective effect, union Finance Minister Pranab Mukherjee on Sunday said India cannot be a tax haven. "India is not a no-tax country; it has a determined tax rate.more »

Non-Profit Corporations
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Intel Reports First-Quarter Revenue of $12.9 Billion
MarketWatch (press release)April 17, 2012

SANTA CLARA, Calif., Apr 17, 2012 (BUSINESS WIRE) -- Intel Corporation today reported quarterly revenue of $12.9 billion, operating income of $3.8 billion, net income of $2.7 billion and EPS of $0.53. The company generated approximately $3.0 billion in ...more »

Creditor's Rights
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Business People / Hires, promotions and honors
Buffalo NewsApril 1, 2012

Weider special counsel in the firm's business litigation and insolvency department. Weider, former chair of the financial reorganization and bankruptcy group at Harter Secrest and Emery, received his bachelor's degree from St. John Fisher College and ...more »

Professional Corporations
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Animal instinct and China's African odyssey
MarketWatchApril 2, 2012

Caixin: In what areas do you think Chinese companies are lacking when they move into Africa? What do Chinese companies need to be aware of? Zhong: If the Western way of operating in Africa can be compared to a large formation of regular army soldiers, ...more »

Customs Disputes
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Alternative judiciary, legal literacy need to be promoted
Oman Daily ObserverApril 1, 2012

MUSCAT — “The issue of achieving justice is not the responsibility of the judge alone, but there are other parties to contribute to the achievement of justice (legal awareness, lawyers, laws and witnesses), said Yaqoub Mohammad al Saeedi, ...more »

Public Offerings
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City attorney approves initiative language for arena petition drive
Sacramento BeeApril 2, 2012

A group of downtown residents hopes to quality the initiative, called the "No Public Funding of Arena Act" for the November ballot. Today's approval of the initiative language will allow the group to publish a notice of intent with the City Clerk to ...more »

Debt Collection
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Business People / Hires, promotions and honors
Buffalo NewsApril 1, 2012

Weider special counsel in the firm's business litigation and insolvency department. Weider, former chair of the financial reorganization and bankruptcy group at Harter Secrest and Emery, received his bachelor's degree from St. John Fisher College and ...more »

Reorganizations & Restructuring
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Monterey school district criticized for plan to hire business officer
Monterey County HeraldApril 11, 2012

... District Superintendent Marilyn Shepherd appeared to get a bit of pushback from board members Monday when she proposed restructuring her administrative team. As part of drafting the 2012-13 spending plan, Shepherd proposed reorganizing her cabinet, ...more »

Debt Settlement
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Tax breaks for underwater homeowners
ReutersApril 2, 2012

Until the end of this year, at least, there is a tax break for homeowners who negotiate debt reduction with their lenders. Some of these "underwater" owners may qualify for principal reduction through the massive mortgage foreclosure settlement...more »

State & Minicipal Bonds
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Businesses By The Beach Releases Town Hall Schedule After BP Settlement
InjuryBoard.comApril 8, 2012

A group of Florida law firms will meet with business owners and residents affected by the 2010 Deep Water Horizon oil spill this week to discuss legal options in wake of a massive settlement reached last month. Businesses by the Beach is a ...more »

Directors' & Officers' Liability
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Time will tell if new law fixes car insurance fraud
St. Augustine RecordApril 2, 2012

1, people injured in auto accidents will have 14 days to seek initial treatment — under current law there is no cut-off — and that first visit will carry more weight. Only people diagnosed with an “emergency medical condition” will be eligible for ...more »

Trade Associations
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ND lien law collects on unpaid child support
NECNApril 2, 2012

The law created an online child support lien registry. A lien is created on real estate and titled property including vehicles owned by those on the list. Car dealers must check the registry anytime someone presents a vehicle as a trade-in.more »

False Advertising
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Goldman Sachs Sex Trafficking Controversy: Company Sells Stake In Village ...
Huffington PostApril 2, 2012

In September, 2010, public pressure - including a letter from 17 of the nation's attorneys general, led the all-purpose online classifieds website Craigslist to shutter its lucrative adult section. Much of the advertising appears to have moved to ...more »

Unfair Competition
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Redskins salary cap challenge raises complicated questions for NFL
Washington PostApril 5, 2012

Gabriel Feldman, the director of the sports law program at Tulane University, said that “it's certainly not clear-cut” which way the arbitrator will rule in the case. The Redskins and Dallas Cowboys are contesting the salary cap cuts imposed on them ...more »

Federal Contracts
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City in Crisis: New federal lawsuit
WDIV DetroitApril 1, 2012

In the lawsuit, AFSCME Council 25 is asking federal court to stop the city council vote on a consent agreement and the threat of a state takeover because 30 city employee unions have ratified new contracts with concessions and the state wants those ...more »

Venture Capital
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Venture capital deals
Fortune (blog)April 3, 2012

The company previously raised capital from Borealis Ventures, Google Ventures, OrbiMed Advisors, Polaris Venture Partners and SV Life Sciences. Bizo, a San Francisco-based provider of business audience marketing solutions, has raised $10 ...more »


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