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

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The Unrepentant Sinner
VanguardApril 1, 2012

He persecuted Christians and, even after converting to Christianity, Paul still boasts he was blameless under the law. He says: “Concerning zeal, persecuting the Church; concerning the righteousness which is in the law, blameless.” (Philippians 3:6).more »

A block club leader who runs a tight ship: Margaret Bernstein
Plain DealerApril 1, 2012

Smith takes great pride in that his frequent patrols have kept crime and blight away from his street. The furor over the Trayvon Martin killing, at the hands of a neighborhood watch captain, makes me think about the purpose that such watch groups serve ...more »

Business Law News and Stories

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JOBS Act Becomes Law
NuWire InvestorApril 2, 2012

Although the “crowdfunding” portion of the bill has been grabbing headlines (giving start-ups the opportunity to source funds from large groups of small investors via the Internet) the Act is sweeping in its regulatory reforms.more »

Federal Grants
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Education Spending Raised in Arguments on Health-Care Law
Education Week NewsApril 2, 2012

By Mark Walsh For the US Supreme Court, the closely watched six hours of arguments last week were all about the Patient Protection and Affordable Care Act. So how did the Elementary and Secondary Education Act, teacher tenure, curriculum, Title IX, ...more »

Antitrust Law, Domestic
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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 »

Foreign Investments
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Divorce Ruling Revised
Wall Street JournalApril 2, 2012

By SOPHIA HOLLANDER A Nassau County judge dramatically reversed himself in a decision about divorce payments that had been cited by an independent commission as an example of flaws in legislation passed to reform New York's matrimonial laws.more »

[read all news] Offers Dental Franchise Information for New Investors (press release)April 2, 2012

Dentize believes that it offers a good opportunity to get involved with a dental franchise without having the limitations of traditional business ownership. According to the American Dental Association, the dental industry is one of the most stable in ...more »

Banking Law
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Palestinian Land Day gets good coverage in Oman, Arab press
Oman Daily ObserverApril 1, 2012

With the expansion of the so-called “Jerusalem municipal borders,” Israel illegally applied its laws, administration and jurisdiction over the expanded area, then covering 72 square kilometres or 1.3 per cent of the West Bank, adds Hisham.more »

Gaming Law
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New Jersey A Step Closer To Online Gambling
Online Poker.netApril 5, 2012

However, language in the bill also allows for the possibility of Atlantic City casinos accepting wagers from gamblers in other states, providing federal and state authorities deem it legal first. The next step now requires the online gambling bill ...more »

Business Formation
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New practice focuses on human rights, intellectual property
Washington PostApril 2, 2012

District-based Sterne, Kessler, Goldstein & Fox, the 110-attorney Washington intellectual property law firm, has started a first-of-its-kind practice that combines the tenets of human rights and intellectual property law.more »

Government Construction Contracts
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State's first desal order: not a drop, thanks
The AgeApril 1, 2012

Under the desalination contract, the government is required to forecast Victoria's needs for the following financial year and make an order of between zero and 150 gigalitres of water by April 1 each year. "Melbourne's dams are holding almost 1200 ...more »

Business Law
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Shareholder Rights Law Firm Johnson & Weaver, LLP Investigates Groupon, Inc ...
MarketWatch (press release)April 3, 2012

SAN DIEGO, Apr 03, 2012 (BUSINESS WIRE) -- Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating whether certain officers and directors of Groupon, Inc. (NASDAQ:GRPN) breached their fiduciary duties to the company and its shareholders in ...more »

Institutional Investing
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Indian tax 'calls rule of law into question'
Daily News & AnalysisApril 2, 2012

A letter to Indian Prime Minister Manmohan Singh from organisations such as the CBI, the US National Foreign Trade Council and Japan Foreign Trade Council warns that the changes have questioned the rule of law, due process and fair treatment in India.more »

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People in Business
Houston ChronicleApril 1, 2012

IPFC is a boutique financial consulting firm that provides corporate, individual and law firm clients with financial assessments and valuation services related to intellectual property and other assets. 1CBRE announced that commercial mortgage brokers ...more »

Law Office of Brodsky & Smith, LLC Announces Investigation of ISTA ...
Sacramento BeeApril 3, 2012

The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of ISTA for not acting in the Company's shareholders' best interests in connection with the sale process to Bausch & Lomb.more »

Commercial Bankruptcy
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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 »

Internal Investigative Services
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Coffina jumps to Drinker Biddle law firm
Philadelphia Business JournalApril 2, 2012

Coffina will be a Philadelphia-based partner in the white-collar criminal defense and corporate investigations team that Drinker Biddle has been growing in recent years. Coffina led internal investigations and defended major pharmaceutical companies ...more »

Commercial Leasing
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South Pasadena crime report, April 1: Auto burglary at South Pasadena Racquet ...
Pasadena SunApril 1, 2012

Commercial burglary: Trader Joe's, 613 Mission St., 1:10 pm Los Angeles man, 44, arrested for stealing groceries after pursuit by store employee. Commercial burglary: Pavilions, 2113 Fair Oaks Ave., 2:50 pm South Pasadena man, 48, arrested for stealing ...more »

International Transactions
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INSIGHT-As currency floats, Myanmar's banks rise again
ReutersApril 2, 2012

By a Reuters staff reporter YANGON, April 2 (Reuters) - Every table and much of the floor at Co-Operative Bank in Myanmar's commercial capital is stacked with thick bricks of the local kyat currency. Money counting machines clatter.more »

Communications & Media
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REGION: Videographer irks police, faces jail time
North County TimesApril 1, 2012

Both of their cases were still working through the state and federal court systems last week. Playford said he used to have a good relationship with police. The turning point was in 2008, when he took video of Ramona sheriff's deputies using force in ...more »

EU launches 2 antitrust probes against Motorola
BusinessWeekApril 4, 2012

The Commission said it "will assess whether Motorola has abusively, and in contravention of commitments it gave to standard setting organizations, used certain of its standard essential patents to distort competition." Under EU competition law, ...more »

Construction & Development
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When NC employers dodge workers' comp costs, employees pay the price
News & ObserverApril 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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FIIs remitting funds abroad may face tax liability
Times of IndiaApril 1, 2012

MUMBAI: From Monday, foreign institutional investors (FIIs) remitting funds from sale of securities will have to deal with the possibility of a tax liability later. Many chartered accountants and audit firms will add a caveat when FIIs ask for a ...more »

Contracts Involving State & Minicipality
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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 »

Mergers, Acquisitions & Divestitures
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Notable Mergers and Acquisitions of the Day 04/23: (PFE) (AZN)/(RDEA) (TRI ... (subscription)April 23, 2012

Pfizer expects the divestiture of the Nutrition business will be completed by the first half of 2013, assuming the receipt of the required regulatory clearances and satisfaction of other closing conditions. Upon completion of the transaction, ...more »

Controlled Substances Law
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Crackdown on prescription pain killers widens to Walgreens
Baltimore SunApril 6, 2012

Under the US Controlled Substances Act, a warrant may be issued for "valid public interest" and without the type of probable cause needed under criminal law, according to the warrant filed in US District Court, Middle District of Florida.more »

Mortgages & Foreclosures
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New Bern Sun JournalApril 2, 2012

NOTICE OF FORECLOSURE SALE 11 SP 224 Under and by virtue of the power of sale contained in a certain Deed of Trust made by Gloria F. Courtemanche to First American Title Insurance Company, Trustee(s), dated the 27th day of June, 2007, and recorded in ...more »

Corporate Finance & Taxation
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The letter to Indian prime minister Manmohan Singh 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 »

Non-Profit Corporations
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Lawyers arguing DOMA appeal Wednesday
Keen News ServiceApril 1, 2012

Perhaps best known for winning the 2003 Massachusetts Supreme Judicial Court ruling in Goodridge, Bonauto is Gay & Lesbian Advocates & Defenders' civil rights project director. Goodridge was the first state Supreme Court victory for advocates of the ...more »

Creditor's Rights
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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 »

Professional Corporations
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Court Reporting Institute Now Offers Legal Assistant, Voice Writing ...
Houston ChronicleApril 5, 2012

While most legal assistants are employed at law firms, there are also opportunities in corporate legal departments and various government offices. Legal assistants can assist in drafting contracts and mortgages; prepare documents for hearings; ...more »

Customs Disputes
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Immigrants pray bill dies
Hattiesburg AmericanApril 1, 2012

Tere Turner, an employee of Catholic Charities, speaks to a group of immigrants about the potential impact of House Bill 488 on March 23 in Vardaman. Turner says immigrants are asking questions about what to do if the bill becomes law.more »

Public Offerings
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City attorney OKs Sacramento petitions on public arena vote
Modesto BeeApril 3, 2012

By Tony Bizjak The Sacramento city attorney gave the legal go-ahead Monday to a group planning a petition drive to prohibit the city from providing financial support to a downtown arena without voter approval. A group of downtown residents hopes to ...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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Yahoo calls reorganization meeting Tuesday
Chicago TribuneApril 5, 2012

The company, once a dominant Internet media and search powerhouse which has since seen its growth eclipsed by Google and Facebook, announced this week it would lay off 2000 people and set in motion a broad restructuring. It did not provide details of ...more »

Debt Settlement
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Global Payments Breach Expanded; Stress Tests Parsed
American Banker (subscription)April 2, 2012

Mastercard said it is waiting to act until after an externally commissioned report. Meanwhile, the Post reports that Visa's card processing went down on Sunday afternoon for about 45 minutes. This time the issue was an old fashioned “technical problem” ...more »

State & Minicipal Bonds
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HBR Consulting Promotes Eight Consultants; Promotions Fueled by Continued Growth
MarketWatch (press release)April 3, 2012

HBR Consulting LLC works with law firms and corporate legal departments to provide IT and other business solutions. Chris Ryan was promoted to Managing Director and Senthil Rajakrishnan was promoted to Senior Director; Ray Fashola was promoted to ...more »

Directors' & Officers' Liability
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Talking turkey and Duck trams
The Register-GuardApril 1, 2012

Answer: In 1947, when then-University of Oregon Athletic Director Leo Harris struck a handshake deal with Walt Disney for the rights to use Donald Duck as the university's mascot, a new road was being built off Willamette Street in south Eugene.more »

Trade Associations
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U.S. trade groups sue CFTC over mutual fund rule
Thomson Reuters News & InsightApril 17, 2012

WASHINGTON, April 17 (Reuters) - Business groups filed a lawsuit on Tuesday against the US Commodity Futures Trading Commission, challenging a recent rule requiring mutual funds to register with the agency. The Investment Company Institute and the US ...more »

False Advertising
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Bitcoin, the City traders' anarchic new toy
ReutersApril 2, 2012

Banking and payment expert Simon Lelieveldt believes they are living on borrowed time. "There is always a power base underlying a currency," he said, speaking at the Digital Money Forum in London in March. "Bitcoin is not going to fly because there is ...more »

Unfair Competition
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Advertisers Suing Facebook For 'Overcharging' Denied Bid
Huffington PostApril 14, 2012

US District Judge Phyllis Hamilton in Oakland, California, denied the advertisers' request for class-action status, saying they failed to show they had enough in common to sue for breach of contract and violating California's unfair competition law.more »

Federal Contracts
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Flipping sentence tempered by defendant's cooperation
Sarasota Herald-TribuneApril 1, 2012

By Michael Braga SARASOTA - The first figure to be sentenced in Southwest Florida's broad flipping fraud conspiracy got three months of home detention and 250 hours of community service. It was a sentence typical of white collar cases, ...more »

Venture Capital
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Venture capital deals
Fortune (blog)April 4, 2012

General Catalyst led the round, and was joined by BBT Capital Management Advisors, Cycad Group, Hunt BioVentures, RA Capital and return backers Bessemer Venture Partners and Longwood Fund. SugarCRM, a Cupertino, Calif.more »


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