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

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IRS Tax Tips: Don't Make Mistakes!
Patch.comApril 1, 2012

Here are eight common tax return errors to avoid, courtesy of the IRS: Incorrect or missing Social Security numbers: When entering SSNs for anyone listed on your tax return, be sure to enter them exactly as they appear on the Social Security cards.more »

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 »

Business Law News and Stories

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RI to get $230M from $500M Google forfeiture
WFTV OrlandoApril 2, 2012

Google forfeited the money last August to settle a US government investigation into its distribution of online ads from Canadian pharmacies illegally selling prescription drugs to American consumers. The investigation found that Google allowed Canadian ...more »

Federal Grants
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Columbia Basin College in Pasco regains Hispanic-serving institution status
Mid Columbia Tri City HeraldApril 1, 2012

By Ty Beaver, Tri-City Herald Federal education authorities designated Columbia Basin College as a Hispanic-serving institution this week, allowing school officials to apply for grants worth hundreds of thousands of dollars. The Pasco school lost the ...more »

Antitrust Law, Domestic
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US Senate Confirms Cadwalader Attorney for Department of Justice Position
MarketWatch (press release)April 2, 2012

He successfully prosecuted and supervised sophisticated white collar matters involving securities fraud, health care fraud, money laundering, environmental crime, and tax evasion. His efforts on a complex five-year corruption investigation earned him ...more »

Foreign Investments
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Angel investors try their wings
Omaha World-HeraldApril 1, 2012

Other angel investors evaluate and finance deals on their own, and the Midlands has other angel investment groups, including the 16-year-old Kearney Area Ag Producers Alliance cooperative. In Iowa, state laws encourage communities to form venture ...more »

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RBS Sells Asia Equities Arm
Wall Street JournalApril 1, 2012

By ALISON TUDOR HONG KONG—Royal Bank of Scotland Group PLC expects to ink the sale of its Asian equities franchise to Malaysia's CIMB Group Holdings Bhd. early next week, people familiar with the matter said. The deal marks the latest step in the ...more »

Banking Law
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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 »

Gaming Law
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Massachusetts could host 3 urban casino resorts if Springfield wins license in ...
MassLive.comApril 1, 2012

Bruce W. Stebbins, a former Springfield City Councilor and a member of the Massachusetts Gaming Commission, an independent agency that will license casinos, said the state's casino law doesn't stipulate that a casino resort should be urban or rural.more »

Business Formation
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Starting a Family Business in Maryland
U.S. Politics TodayApril 1, 2012

Starting a family business can be both exciting and challenging. Learn more about entity choices, business formation requirements and family business considerations from Schifanelli & Associates, LLC. April 01, 2012 /24-7PressRelease/ -- You have spent ...more »

Government Construction Contracts
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US STOCKS-Wall St flat after factory, construction data
ReutersApril 2, 2012

But US construction spending in February recorded its largest drop in seven months as investment in private and government projects fell. Worries about a recession in Europe intensified after a report showed the region's manufacturing sector shrank for ...more »

Business Law
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UK plans new snooping laws
Hindu Business LineApril 1, 2012

Under the planned new law, Internet firms will be required to give intelligence agency, Government Communications Headquarters (GCHQ) access to communications on demand, in real-time. The British Home Office says the move is key to tackling crime and ...more »

Institutional Investing
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CIBA calls for review, strong enforcement of Investment Act 478
Vibe GhanaApril 5, 2012

Ms Hannah Tetteh, Minister of Trade and Industry, said though Government recognised the positive economic impact of foreign direct investment, it had reserved small scale retail activity, petty trading, and hawking exclusively for Ghanaian nationals as ...more »

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(Eds: Adds quotes from governor, GOP chairman, legislator, Wells Fargo lawyer...
CanadianBusiness.comApril 1, 2012

"We fully expect to challenge the constitutionality of this law on a number of grounds," said Troy attorney James Allen of Miller Canfield, who represents Wells Fargo. A Grand Traverse County judge ruled that David Schostak was personally responsible ...more »

You Can Have Your Constitution and We Will Have the Revolution
Huffington PostApril 3, 2012

This constitutional principle is endorsed by the major scholars of constitutional law in Egypt. In fact Egypt's supreme constitutional court under Judge Awad el-Murr ruled on December 17, 1994, that, "The constitution creates the institutions of the ...more »

Commercial Bankruptcy
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VietNamNet BridgeApril 1, 2012

The possible bankruptcy of construction company Hanic (SHN) has revealed possible misuses of company funds by staff and drawn attention to the inadequacy of many companies' internal control systems. According to the deputy director of the Ministry of ...more »

Internal Investigative Services
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Rigrodsky & Long, P.A. Announces an Investigation of Groupon, Inc. for ...
MarketWatch (press release)April 2, 2012

... Apr 02, 2012 (BUSINESS WIRE) -- Rigrodsky & Long, PA announces that it has initiated an investigation of Groupon, Inc. ((eqnx:)Groupon(eqnx:) or the (eqnx:)Company(eqnx:)) (NasdaqGS: GRPN) for possible violations of the federal securities laws.more »

Commercial Leasing
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Business people
Minneapolis Star TribuneApril 1, 2012

Christianson & Co., an Edina-based commercial real estate services company, hired Kris Brandt senior vice president and Anita Johnson senior associate. Coldwell Banker Commercial Griffin Companies, Minneapolis, added Gregg Johnson as an associate in ...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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Executive Moves: April 2, 2012
Crain's New York BusinessApril 1, 2012

Jack Trachtenberg, 34, joined the law firm as counsel in the state and local tax practice. He was previously New York Department of Taxation and Finance deputy commissioner and taxpayer rights advocate. April Pottorff, 45, was promoted to principal at ...more »

Okla. lawmakers look to expand gun rights
Appleton Post CrescentApril 1, 2012

While officials in some states, like Florida, are taking a closer look at gun laws that allow the use of deadly force, Oklahoma lawmakers want to expand an individual's ability to openly carry a gun in public. "I don't think that the laws that we have ...more »

Construction & Development
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Lawrence's legal bills top $1m
Eagle TribuneApril 1, 2012

By Keith Eddings LAWRENCE — The bill for hiring outside law firms to defend the city against workplace grievances and allegations of police brutality and for paying judgments against police this year surpassed $1 million with ...more »

Locating Funds
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Swap deadline looms for Greek foreign law bonds
BusinessWeekApril 5, 2012

Investors holding Greek government bonds issued under foreign law face a Wednesday night deadline to decide whether to agree to swap them with new securities worth less than half their original value. The government has already extended the deadline ...more »

Contracts Involving State & Minicipality
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Obama to sign pro-crowdfunding JOBS Act into law Thursday
VentureBeatApril 1, 2012

A piece of legislation designed to make crowdfunding a legal option for startups will be passed into law as President Barack Obama plans to sign the JOBS Act Thursday, VentureBeat has confirmed. The Jumpstart Our Business Startups (JOBS) Act has ...more »

Mergers, Acquisitions & Divestitures
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Intel Reports First-Quarter Revenue of $12.9 Billion
TweakTown (press release)April 19, 2012

Intel's Business Outlook does not include the potential impact of any mergers, acquisitions, divestitures or other business combinations that may be completed after April 17. Gross margin percentage: 62 percent and 63 percent Non-GAAP (excluding ...more »

Controlled Substances Law
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Arizona Medical Marijuana Law: Gov. Jan Brewer Signs Measure To Ban Medical ...
Huffington PostApril 4, 2012

Arizona's move to bar the drug's use on campus is the latest in a drive to roll back laws legalizing the therapeutic use of marijuana, which remains classified as an illegal narcotic under US federal law. Supporters said the Arizona law was designed to ...more »

Mortgages & Foreclosures
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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 »

Corporate Finance & Taxation
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Criminal offenders getting second chance through work program
Salt Lake TribuneApril 1, 2012

The 43-year-old Utah County woman was so discouraged about her prior criminal history she didn't want to fill out another application. "There was just a lot of apprehension," Murphy said, adding that when the form asked if she had been convicted of a ...more »

Non-Profit Corporations
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Cantwell refuses PAC money, but accepts it from special interests
The Seattle TimesApril 1, 2012

Yet clout can attach to those who deliver, not just sign, campaign checks, argues Paul Ryan, associate legal counsel with Campaign Legal Center, a Washington, DC, nonprofit that promotes transparency in campaign-finance law.more »

Creditor's Rights
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VietNamNet BridgeApril 1, 2012

The possible bankruptcy of construction company Hanic (SHN) has revealed possible misuses of company funds by staff and drawn attention to the inadequacy of many companies' internal control systems. According to the deputy director of the Ministry of ...more »

Professional Corporations
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AON Corporation : Aon Completes Strategic Move to London
ReutersApril 2, 2012

News from Aon For Immediate Release Aon Completes Strategic Move to London CHICAGO, IL - April 2, 2012 - Aon plc (NYSE: AON) announced today that it has completed its change in corporate domicile of the parent company of the Aon group of companies from ...more »

Customs Disputes
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With little openness, rumors rule in Haiti
Philadelphia InquirerApril 1, 2012

Conille, a newcomer to Haiti's dagger-in-the-back politics, downplayed the disputes until he resigned four months after assuming the post. The gossip continues to churn as Martelly looks increasingly vulnerable. The first-time politician enjoys the ...more »

Public Offerings
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State House News -- Cahill to face corruption charges tied to Lottery ads
Wicked LocalApril 2, 2012

By Matt Murphy, State House News Service Former Treasurer Timothy Cahill had been indicted in connection with his use of state Lottery resources to aid his to campaign for governor in 2010, Attorney General Martha Coakley announced Monday.more »

Debt Collection
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KeyCorp disputes finding that race plays a role in its lending
Crain's Cleveland Business (blog)April 3, 2012

KeyCorp is mentioned prominently in a story with a provocative headline: “Do banks play the race card with your loan?” The story examines data related to the Community Reinvestment Act, a 1977 law that required banks to make loans to ...more »

Reorganizations & Restructuring
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Hostess execs find their paychecks have less filling
Houston Chronicle (blog)April 10, 2012

Gregory Rayburn, a restructuring expert who took over as chief executive last month, said the top four Hostess executives reporting to him agreed to cut their annual salaries to $1 until the company either emerges from bankruptcy or Dec.more »

Debt Settlement
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MPT to Air Local Documentary on Mortgage Lending Abuses
Citybizlist Real EstateApril 2, 2012

Called Stealing Trust, the documentary focuses on individuals and families across Maryland who have lost their homes, their savings and even their capacity to trust others due to predatory mortgage lenders, abusive debt settlement firms and ...more »

State & Minicipal Bonds
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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 »

Directors' & Officers' Liability
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Defendant Was a Drunk Driver: Should That Be Admissible
Maryland Injury Lawyer Blog (blog)April 2, 2012

Burns, the Maryland Court of Special Appeals dealt with the question of what plaintiffs' lawyers can admit into evidence in a car accident case when the defendant stipulates to liability. In car accident cases, many defense lawyers loathe to admit ...more »

Trade Associations
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India Software Cos Not Happy With US Visa Rule
ForbesApril 1, 2012

According to The Economic Times of India, the government is considering taking the US to the World Trade Organization for the fee hike, seen as a means to keep US companies from hiring more qualified Indian computer talent.more »

False Advertising
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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 »

Unfair Competition
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Should American Entrepreneurs Favor Tariffs? (Opinion)
EntrepreneurApril 3, 2012

In a competitive world, they figure that whoever offers the best product or service wins. Their intuition is largely correct. In a few cases of unfair competition, tariffs can help entrepreneurs, but for the most part, they aren't beneficial and can ...more »

Federal Contracts
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Anoka County approved new contracts for sheriff's supervisors
Coon Rapids HeraldApril 2, 2012

The unit, comprising four lieutenants and four commanders, is represented by Law Enforcement Labor Services Inc. and has ratified the agreement. The contract covers the years 2011, 2012 and 2013; the unit has been working without an agreement since Dec ...more »

Venture Capital
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Muscat pledges venture capital for innovation
Malta Independent OnlineApril 1, 2012

Opposition leader Joseph Muscat this week pledged that if elected to government, the Opposition would set up a fund in the form of joint venture capital involving the public and private sectors, so that projects in science, research and innovation ...more »


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