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

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House approves California water bill
Fresno BeeMarch 1, 2012

In a highly partisan vote, the Republican-controlled House approved the legislation which would lengthen irrigation contracts, override state law and boost deliveries to farms south of the Sacramento-San Joaquin Delta. Most dramatically, the bill ...more »

Iran Suffers 'Crippling Effect' of Trade, Banking Sanctions
San Francisco ChronicleMarch 1, 2012

An array of restrictions on banking, shipping, insurance, ports, trade, commodities and energy transactions and ventures have severed or complicated many of Iran's commercial ties to the outside world. US officials such as Secretary of State Hillary ...more »

Business Law News and Stories

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Outdoor advertising bill passes S. Dakota Senate
Herald Times ReporterMarch 1, 2012

But he said "some businesses will look at this as a blank check" to advertise even more. But Sen. Joni Cutler, R-Sioux Falls, expressed her support for the measure. She said the law prohibiting local authorities from banning outdoor signs has been "on ...more »

Federal Grants
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Student Loan Fraud Brings Feds Into Lawsuit Against For-Profit College
NextStudent (blog)March 1, 2012

Colleges that zanaflex 4mg violate the 90/ 10 rule tetracycline discontinued for two consecutive years can lose access to federal grants and federal student loans. In addition to joining the whistleblower lawsuit, the government said that it plans to ...more »

Antitrust Law, Domestic
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Senate vote shreds wage paperwork for NY employers
Albany Business ReviewMarch 1, 2012

State senators voted Wednesday to repeal a law requiring employers to provide wage notices to each worker, as they had to do for the first time last month. Business groups blasted the law as an example of what sours many executives on New York's ...more »

Foreign Investments
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Just One Last Bubble, Please!
Economic PopulistMarch 2, 2012

The time-honored advice brokers have always given their investment clients is to “diversify, diversify, diversify!” It's the basic law of investment – Investment 101 you might say – never put all your eggs in one basket. Which is why it is so odd to ...more »

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National Basketball League scouting Sydney for possible franchise
Cape Breton PostMarch 1, 2012

... executive officer Andre Levingston and chief operating officer Ian McCarthy met with both Cape Breton Regional Municipality Mayor John Morgan and management at Centre 200 to discuss the feasibility of starting a pro basketball franchise in Sydney.more »

Banking Law
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Calif. election groups sue ex-campaign treasurer
Sacramento BeeMarch 1, 2012

Durkee was arrested last September on mail fraud charges. For more than two decades, she had managed campaign finances for many California Democrats and was trusted to the extent that she had signature authority over many of their bank accounts.more »

Gaming Law
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Don't bet on "Linsanity": US seizes online gambling domain over sports wagers
Ars TechnicaMarch 1, 2012

... the government's indictment and civil forfeiture complaint focused on Bodog's sports betting. The Illegal Gambling Business Act used by the government requires, as a predicate, an act that is unlawful under state law. To satisfy that requirement, ...more »

Business Formation
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OMEROS CORPORATION : Omeros to Present at the Cowen and Company 32nd Annual ...
4-tradersMarch 1, 2012

SEATTLE, March 1, 2012 /PRNewswire/ -- Omeros Corporation (NASDAQ: OMER), a clinical-stage biopharmaceutical company committed to discovering, developing and commercializing products targeting inflammation, coagulopathies and disorders of the central ...more »

Government Construction Contracts
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Feds: Laguna Construction workers in kickback ring
KRGVMarch 3, 2012

ALBUQUERQUE, NM (AP) Eight people connected to a Laguna Pueblo Indian-owned construction company were indicted by a federal grand jury in an elaborate kickback and money laundering scheme involving Iraqi construction projects, US Attorney Kenneth J.more »

Business Law
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Indiana businesses face penalties over 'bath salts'
Post-TribuneMarch 17, 2012

The new law includes a provision that could cost retailers their business licenses for a year if they're caught selling the synthetic drugs as part of a retail outlet's normal business. The law also adds 60 chemical compounds to a law that legislators ...more »

Institutional Investing
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Ameren Illinois Submits Blueprint for Infrastructure Improvement and Modernization
MarketWatch (press release)March 5, 2012

In today's submission, Ameren Illinois identified the estimated 10-year investment levels for the six program categories. Infrastructure Improvements: In addition to regular infrastructure spending, the Illinois Energy Infrastructure Modernization Act...more »

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Bloomberg BNA Offers Comprehensive Update on the Business of Doing Business in ...
Sacramento BeeMarch 1, 2012

"Notwithstanding the opportunities, India is a tough place to do business and challenges exist, including corruption, backups in the court system, infrastructure shortages, complex and ever-changing tax laws and compliance requirements, shortages of ...more »

Law School aims for faculty diversity
Yale Daily NewsMarch 1, 2012

By Daniel Sisgoreo At a town hall on faculty diversity held Tuesday afternoon, more than 140 Yale Law School students gathered to learn about the school's faculty hiring process. But early in the hourlong meeting, Dean Robert Post LAW '77 made an ...more »

Commercial Bankruptcy
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AMR Pilot Faction Says Union Ousted its Members
Fox BusinessMarch 1, 2012

The American Independent Cockpit Alliance, made up mainly of former TWA Inc pilots, said in court papers that the ousters are evidence that the group deserves its own committee in the airline's bankruptcy. American's parent, AMR Corp, ...more »

Internal Investigative Services
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6 Phoenix officers suspended in photo inquiry are cleared of criminal conduct
The RepublicMarch 1, 2012

Sgt. Trent Crump says the internal investigation that will determine whether the officers will be punished for violating department policies remains ongoing. Sgt. Trent Crump says the internal investigation that will determine whether the officers will ...more »

Commercial Leasing
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Major plans for the future of Cardiff's Central Business District development ...
WalesOnlineMarch 1, 2012

It's understood the lease on those properties are due to expire in mid-2014. A second company involved in the talks, Hugh James, which has 450 staff, remains interested, the Echo understands. The law firm, which would require about 100000sqft of office...more »

International Transactions
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Talks on Iran nuclear issue to resume
China DailyMarch 7, 2012

The legislation would also impose sanctions on government-owned foreign financial institutions, including foreign central banks, that would engage in transactions, oil or non-oil, with Iran. Under current US law, those institutions will be punished for ...more »

Communications & Media
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religious hatred law takes effect
BBC NewsMarch 1, 2012

A new law designed to reduce religious hatred associated with football has come into force in Scotland. The Offensive Behaviour at Football and Threatening Communications (Scotland) Act 2012 has created two new offences. One covers behaviour in and ...more »

ITC Administrative Judge Issues Initial Determination in Rambus Matter
SunHerald.comMarch 2, 2012

Rambus Inc. (Nasdaq:RMBS), one of the world's premier technology licensing companies, today announced it received notice that the Administrative Law Judge (ALJ) for its US International Trade Commission (ITC) action against LSI Logic, MediaTek, ...more »

Construction & Development
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Houston Insurance Claims Lawyer Says 2011 Natural Disasters Can Lead to 2012 ...
San Antonio ExpressMarch 1, 2012

Attorney Brad T. Wyly of Houston's Wyly Law Firm, PC, says insurers could balk at paying claims after Texas' year of wildfires, tornadoes, floods and other widespread storm damage. Houston first-party insurance claims lawyer Brad T. Wyly said today ...more »

Locating Funds
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Missing funds cited in Manalapan High School principal case
Asbury Park PressMarch 1, 2012

Simon also allowed student activities to continue during fire drills, and hired and paid someone for an unauthorized position, among other counts in the complaint, obtained Wednesday by the Asbury Park Press through an Open Public Records Act request.more »

Contracts Involving State & Minicipality
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Alabama set to face DOJ, federal appeals court over immigration law
The Birmingham News - (blog)March 1, 2012

Robert Bentley/Jamie Martin) ATLANTA, Georgia -- The law that put Alabama in the middle of the national debate on immigration goes before a federal appeals court in Atlanta Thursday, pitting Alabama against the US Justice Department and a coalition of ...more »

Mergers, Acquisitions & Divestitures
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Atlanta Gas Light issues request for proposals for compressed natural gas ...
ReutersMarch 1, 2012

... fuel prices continue to make headlines, Atlanta Gas Light Company (AGL) today issued a request for proposals (RFP) for parties interested in developing Compressed Natural Gas (CNG) fueling stations for commercial and passenger vehicles in Georgia.more »

Controlled Substances Law
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ER Docs Don't Recognize Signs of 'Spice' in Teens
Sci-Tech TodayMarch 20, 2012

Its one-year ban, set to expire soon, puts the substances under Schedule I classification, the most restrictive under the Controlled Substances Act. Schedule I drugs are found to have a high potential for abuse and no accepted medical uses.more »

Mortgages & Foreclosures
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Md. couple stays in $1.29 million home for five years without paying
Housing Wire (blog)March 7, 2012

All this time, they kept foreclosure at bay by filing for bankruptcy repeatedly and manipulating Maryland laws passed to protect homeowners from foreclosure. They may get evicted any day from the five bedroom, 4900 square foot home along the Potomac ...more »

Corporate Finance & Taxation
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New Arizona Law Increases Tax Credit Amount for School Choice Program
Bradenton HeraldMarch 1, 2012

29, 2012 — New law likely to increase donations to country's oldest tax credit scholarship program PHOENIX, Feb. 29, 2012 /PRNewswire-USNewswire/ -- Governor Jan Brewer today signed legislation increasing the amount of maximum allowable donations to ...more »

Non-Profit Corporations
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Legal Services launches service for low-income entrepreneurs
St. Louis AmericanMarch 1, 2012

To provide business-oriented legal counsel to small businesses operated by low-income entrepreneurs and to non-profit organizations in underserved St. Louis communities, Legal Services of Eastern Missouri recently launched the Community Economic ...more »

Creditor's Rights
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Get started 'On' Mar. 1: Bernanke warns of continued economic strife, small ...
Washington Post (blog)March 1, 2012

1: Bernanke warns of continued economic strife, small firms struggling to afford bankruptcy By JD Harrison Our daily blend of the latest news, trends and tips for the small business community. Fed Chairman Ben Bernanke delivered the semi-annual ...more »

Professional Corporations
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Corporate Finance Associate
Above the LawMarch 1, 2012

With more than 1100 lawyers in 26 offices spanning major financial markets around the world, they are one of the largest law firms in New York City and one of the largest US firms located in London. Their New York office is the largest in the firm's ...more »

Customs Disputes
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HMRC says advisers must evidence sale intent to avoid VAT
FT AdviserMarch 1, 2012

Revenue provides list of features that will define an advice process that is eligible for VAT under new rules. By Donia O'Loughlin | Published 12:26 | comments HM Revenue & Customs has confirmed guidance around when advice processes will be exempt from ...more »

Public Offerings
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Foster has right vision, passion for states's attorney
Bloomington PantagraphMarch 7, 2012

In selecting a state's attorney, voters should look for someone who is an experienced prosecutor with knowledge about the office, committed to carrying out its responsibilities, dedicated to public service and capable of handling administrative and ...more »

Debt Collection
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Stockton, California, Said Poised for First Step to Bankruptcy
San Francisco ChronicleMarch 1, 2012

"It's kabuki theater," James Spiotto, head of the bankruptcy practice at Chicago-based law firm Chapman & Cutler, said yesterday in a telephone interview. "They are saying to people, 'Do you really want to see how bad it can get?more »

Reorganizations & Restructuring
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The new German laws governing the restructuring of companies
JD Supra (press release)March 6, 2012

Recognizing this, the new Reorganization Law will enhance the influence of creditors in the early phase of the insolvency filing procedure. For this purpose, the revised legislation incorporates a role for a preliminary creditors' committee; ...more »

Debt Settlement
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Debt Collectors Targeted For Heightened Unlawful Harassment
Huffington PostMarch 1, 2012

Harassment and threats like these are against the law. For consumers, finding help to stave off predatory debt collectors is difficult. DeCastro was able to stop the calls with the help of a bankruptcy attorney. But millions of other Americans continue ...more »

State & Minicipal Bonds
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Jones & Haley, P.C. Selected For "City's Top Law Firms"
Sacramento BeeMarch 1, 2012

29, 2012 -- Jones & Haley, PC of Atlanta, GA has been honored with a recognition by Atlanta Business Chronicle in its selection of "City's Top Law Firms." ATLANTA, Feb. 29, 2012 /PRNewswire-USNewswire/ -- Announcing a special recognition appearing in ...more »

Directors' & Officers' Liability
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Womble Carlyle Announces Victory for Bank Directors and Officers
Citybizlist (press release)March 1, 2012

Instead, the court said, bank directors are insulated from personal liability by the business judgment rule. The FDIC may pursue claims against persons affiliated with failed banks, but only for acts of gross negligence.more »

Trade Associations
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Senate approves bill allowing countervailing duties
The Hill (blog)March 5, 2012

"We need to maintain these countervailing duties and strongly enforce our trade laws to level the playing field for US businesses and workers.” The bill is not without its detractors, with Club for Growth urging lawmakers to oppose the legislation ...more »

False Advertising
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Facebook releases new advertising infrastructure: E-marketers, the social ...
Digitaltrends.comMarch 1, 2012

E-marketers are given a guiding hand and new tools from Facebook to create a more natural advertising environment. But is it at the expense of the user experience? Facebook has long been experimenting with e-commerce and advertising — long before the ...more »

Unfair Competition
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Construction firms build cases for, against PLAs
Crain's Detroit BusinessMarch 12, 2012

The law was designed to end what proponents called discrimination against nonunion contractors by barring governmental units such as municipalities and school districts from requiring bidders to enter collective bargaining agreements during ...more »

Federal Contracts
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Lawyer Up
Campus TechnologyMarch 1, 2012

Lawyers identify the six biggest legal issues facing IT today, and how CIOs can avoid a run-in with the law. By Dian Schaffhauser Putting a CIO and a lawyer together in the same room may give you the start of a pretty decent joke, but it could also ...more »

Venture Capital
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Insight Leads $165 Million Round in Cloud-Based Energy Database Company ...
All Things DigitalMarch 5, 2012

Insight Venture Partners, the New York-based venture capital and private equity firm that has in the past invested in tech properties like Twitter, Tumblr, LivingSocial and FlipBoard, is leading a massive $165 million investment in a Texas-based oil ...more »


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