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

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Washington Wizards' rookies have rough first season
Washington PostApril 1, 2012

The Washington Wizards' draft room was filled with enthusiasm last June when the franchise pulled off what appeared to be a successful coup, despite a talent pool that had been described by most scouts and executives as a weak draft class.more »

Commentary: Eagles well-positioned to handle loss of Jason Peters
Sacramento BeeApril 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 »

Business Law News and Stories

Advertising
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US Senator on Facebook, Google: Privacy is a casualty
ZDNet (blog)April 1, 2012

US Senator Al Franken, who also is the chairman of the Senate subcommittee on Privacy, Technology, and the Law, gave an intense speech to the American Bar Association's Section of Antitrust Law on Thursday. At one point he said Americans' “privacy can ...more »

Federal Grants
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Cuccinelli refuses to run with AG pack
Washington TimesApril 2, 2012

The Virginia Sexual and Domestic Violence Action Alliance penned a letter to Mr. Cuccinelli earlier this month saying it was “deeply disappointed” and urged him to support the law, through which Virginia has received more than $4.7 million in grants ...more »

Antitrust Law, Domestic
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Boies Hire, Verrilli Ad, Justice Tax Chief: Business of Law
BloombergApril 2, 2012

Dewey has had 38 partners leave since the start of the year, according an article in The American Lawyer magazine. The New York-based law firm lost 12 insurance and regulatory lawyers to Willkie Farr & Gallagher LLP (1179L) on March 17.more »

Foreign Investments
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India: foreign business blasts budget
Financial Times (blog)April 1, 2012

The sudden and unprecedented move in the Bill has undermined confidence in the policies of the Government of India toward foreign investment and taxation and has called into question the very rule of law, due process, and fair treatment in India.more »

Franchising
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Mets make the call: Santana to start opener
MLB.comApril 1, 2012

Regardless of order, those five hope to repeat the remarkable consistency of New York's rotation last summer, when Pelfrey, Dickey, Niese, Gee and Chris Capuano combined to start a franchise-record 106 consecutive games from early May through late ...more »

Banking Law
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The UN acts in violation of International Law while claiming to uphold it
Canada Free PressApril 1, 2012

The Arabs no longer refer to Judea and Samaria as the “West Bank,“which was Jordanian nomenclature during its period of occupation from 1948 to 1967; they now prefer to brand it as Palestinian land which is occupied. Not only is the land not “occupied ...more »

Gaming Law
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MTR Gaming Group to Manage New Wyndham Hotel Group Property at Presque Isle ...
MarketWatch (press release)April 10, 2012

BT Management LLC, which has a franchise agreement with Wyndham Hotel Group, will build the hotel. The new Baymont Inn and Suites hotel will have approximately 100 rooms and suites, and is scheduled to break ground in June 2012 for an expected opening ...more »

Business Formation
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Company takes off — S&K Technologies poised for growth
Daily Inter LakeApril 1, 2012

The sizable five-year contract is the latest accomplishment of S&K Aerospace, one of seven limited liability corporations operated by parent company S&K Technologies Inc., headquartered at St. Ignatius on the Flathead Indian Reservation.more »

Government Construction Contracts
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KBR Wins UK Government Operational Support Contract
TheStreet.com (press release)April 2, 2012

“KBR is pleased to have been awarded this contract to support UK operations,” said Andrew Pringle, president, KBR International Government, Defence & Support Services. “Our experience gained by previous MOD operational support contracts, including the ...more »

Business Law
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Obama's insurance requirement not the only mandate
BusinessWeekApril 2, 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 »

Institutional Investing
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Obama JOBS Act Leaves Labor Fuming In Democratic Feud
Huffington PostApril 5, 2012

This cadre quickly got the president's backing for the JOBS Act, despite vocal opposition from consumer advocates, federal regulators and the largest US coalition of labor unions, who warned of increased risk of financial fraud.more »

Commercial
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Assessors prep for appeal season
The Gazette: Eastern Iowa Breaking News and Headlines (blog)April 1, 2012

Those appeals are dropped after Labus' staff researches each case, and the city may pay for an appraisal of the contested property, a process that costs thousands of dollars. “I like to run my office as a business, and that's the business' money we're ...more »

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 »

Commercial Bankruptcy
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Growing demand spurs Vorys' growth
Cincinnati.comApril 1, 2012

The commercial and real estate group is among Vorys' fastest-growing markets. Within that area, the group advises on matters including commercial finance, franchising and distribution, and leasing and licensing. On March 5, Vorys announced the hiring ...more »

Internal Investigative Services
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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 »

Commercial Leasing
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Cape acreage on US 41 purchased for $3.35 million
The News-PressApril 1, 2012

Hanson Street LLC leased 7500 square feet of a heavy industrial space at 3350 Hanson St. in Fort Myers to Mount Sinai Auto Repair. James McMenamy of RE/MAX Realty Group Commercial Division was the leasing broker. Daniels Road Showroom Warehouses LLC ...more »

International Transactions
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Cadwalader Nets Multiple Awards at IFLR Americas Awards Ceremony -- Wins Big ...
MarketWatch (press release)April 2, 2012

In this transaction, we called upon expertises in the Investment Company Act, Advisers Act, broker-dealer regulation, banking law issues, tax, secured credit and bankruptcy, the Securities Act, and even a bit of Dodd-Frank." Richard Schetman, Financial ...more »

Communications & Media
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The actual content of emails, calls and text messages could only be accessed ...
BBC NewsApril 1, 2012

Internet firms will be required to give intelligence agency GCHQ access to communications on demand, in real time. The Home Office says the move is key to tackling crime and terrorism, but civil liberties groups have criticised it.more »

3 unpaid parking tickets could affect licensing for Michigan drivers
WSBT-TVApril 1, 2012

LANSING, Mich. (AP) — A new Michigan law says motorists with at least three unpaid parking tickets could be blocked from renewing their driver's license. The law, which starts May 16, drops the current threshold to three tickets from six.more »

Construction & Development
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Winsted Economic Development Faces Leadership Challenge
Litchfield County TimesApril 1, 2012

By JASON SIEDZIK Three of the Economic Development Commission's members have either resigned from the commission or are planning to leave in what Economic Development Commission chairman Bill Pratt said is a power struggle. Those three members are on ...more »

Locating Funds
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Google money going to law enforcement agencies
USA TODAYApril 2, 2012

US Attorney Peter F. Neronha said it may be the largest sum ever distributed among law enforcement groups under a program that allows forfeited funds to be shared with agencies that participate in federal probes. "I am extremely pleased that of that ...more »

Contracts Involving State & Minicipality
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Medvedev proposes easing conditions for business
BusinessWeekApril 3, 2012

By NATALIYA VASILYEVA Russia's president on Monday proposed legislation to update Russian company law in a move designed to stop Russian companies from registering their businesses abroad. President Dmitry Medvedev on Monday sent amendments to the ...more »

Mergers, Acquisitions & Divestitures
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Bay Area mergers and acquisitions, April 3
San Francisco ChronicleApril 2, 2012

Notable mergers and acquisitions in the Bay Area last week. Deal type1 Announced Target Target's city Acquirer Acquirer's city Announced value{+2} Payment type Deal status ACQ March 26 Clairmail Inc. San Rafael Monitise PLC London $184.46 Stock Pending ...more »

Controlled Substances Law
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MELVINDALE: Car seized for violation of controlled substance act
Southgate News HeraldApril 3, 2012

By Dave Herndon MELVINDALE — A Detroit woman was arrested during a routine traffic stop when officers discovered open intoxicants and illegal prescription pills in her vehicle. The woman, 34, was seen driving east in the 3400 block of Greenfield Road ...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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No more school property taxes?
Philadelphia InquirerApril 1, 2012

Thomas Caltagirone is a cosponsor of the proposed Property Tax Independence Act for Pennsylvania. JASON MINICK / Associated Press On Monday, Pennsylvania legislators from both parties will step up a campaign to kill your local school property taxes.more »

Non-Profit Corporations
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It's time to clean up tax-exempt status
DesMoinesRegister.comApril 3, 2012

Open a nonprofit corporation, instead. Then you can pay yourself whatever you want, hire family members, accept donations and, best of all, be exempt from paying taxes. If you play your cards right, the government will be your only paying customer.more »

Creditor's Rights
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Direct Air's woes cast doubt on future of commercial flight in Worcester
Worcester Business JournalApril 1, 2012

... for bankruptcy protection, it left travelers scurrying to figure out alternate plans and worrying about whether they'd get their money back. For Worcester Regional Airport, it raised other questions: Can commercial air travel succeed in Worcester?more »

Professional Corporations
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Law Firms Split Over Nonlawyer Investors
Wall Street JournalApril 1, 2012

To some, the proposal would simply codify arrangements that are already common at many large law firms, where lawyers regularly work alongside nonlawyer professionals who help guide business decisions. Many of those professionals sit in on partnership ...more »

Customs Disputes
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Potato farmer's lawyers blast feds for handling of case
Toronto SunApril 2, 2012

Henk Tepper, 44, was arrested in March 2011 as he entered Lebanon on a government-sponsored trade mission. He was detained on an international criminal warrant issued by Interpol based on an allegation from the Algerian government that he forged ...more »

Public Offerings
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Former Ohio Top Lawyer Marc Dann Fighting Suspension
Law.comApril 3, 2012

Are a state attorney general's poor judgment in hiring and failure to prepare for public office good reasons to let him off easy? That's a question before the Ohio Supreme Court on Tuesday, as former state attorney general Marc Dann fights a proposed ...more »

Debt Collection
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Bottom Lines: New Jersey panel would work as middleman to sell insurance under ...
Press of Atlantic CityApril 1, 2012

Although the board would be set up within the Department of Banking and Insurance, it would be "independent of any supervision or control by DOBI or any board or officer thereof." The New Jersey Business & Industry Association is worried that the law...more »

Reorganizations & Restructuring
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Deloitte Buys Assets of CRG Partners
Private Equity Hub (press release)April 3, 2012

Based in New York, CRG Partners is a provider of operational and financial restructuring services. As a major expansion of its financial restructuring, turnaround management and bankruptcy reorganization capabilities, Deloitte today announced it has ...more »

Debt Settlement
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Scammers infiltrating world of mortgages
Columbus DispatchApril 1, 2012

The Ohio attorney general has sued several companies for taking money from homeowners by using such false promises. Nonetheless, the calls keep coming: The attorney general's office has fielded 35 complaints this year, including Kenley's, ...more »

State & Minicipal Bonds
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Law Offices of Howard G. Smith Announces Continued Investigation On Behalf of ...
MarketWatch (press release)April 3, 2012

... of Howard G. Smith announces that it is continuing to investigate potential claims on behalf of purchasers of the securities of Groupon, Inc. (“Groupon” or the “Company”) (NASDAQ:GRPN) concerning possible violations of federal securities laws.more »

Directors' & Officers' Liability
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Senator Chris Coons is cosponsoring a bill that will allow more freedom for ...
WGMD RadioApril 1, 2012

The bill will hold officers to the same standards as when they're on the job. It's modeled after the Good Samaritan Act, but is more restrictive and does NOT provide liability protection. If the bill becomes law, if a federal officer is indicted by a ...more »

Trade Associations
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FTC seeks law to shed light on brokers
Fort Wayne Journal GazetteApril 1, 2012

AP NEW YORK – The Federal Trade Commission is calling for a new law that would allow people to review the vast amounts of information being collected about them as the Internet, smartphones and other technology make it easier to create digital dossiers ...more »

False Advertising
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Woman in "Mock Rape" Ad for Belvedere Vodka Sues
Opposing ViewsApril 3, 2012

LOS ANGELES, CA -- An actress featured in a controversial "mock rape" ad for Belvedere Vodka claims in Superior Court that Moet Hennessy used her image without permission. Alicyn Packard sued Moet Hennessy USA, which sells and advertises Belvedere ...more »

Unfair Competition
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Expedia, Tripadvisor File Antitrust Complaints Against Google in Europe
PCWorldApril 3, 2012

By Jennifer Baker, IDG News TripAdvisor and Expedia are the two latest companies to complain to Europe's competition regulators about Google. On Tuesday TripAdvisor said that "anti-competitive and unfair practices by Google" harm the marketplace and ...more »

Federal Contracts
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Tribune Broadcasting says no DirecTV deal
U.S. News & World ReportApril 1, 2012

NEW YORK (AP) — Tribune Broadcasting says there's been no settlement with DirecTV Inc. in their contract negotiations, which means DirecTV subscribers in 19 US markets will lose access to certain programming. Tribune Broadcasting said in a statement ...more »

Venture Capital
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Former Facebook Executive Joins General Catalyst
New York TimesApril 2, 2012

With his new role, he joins a widening circle of Facebook executives who have left the company to tackle venture capital in recent years. He will be based in General Catalyst's headquarters in Cambridge, Mass. “Kevin's experience monetizing social ...more »

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