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

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Voters Doubt Police Tax Promises
fox4kc.comMarch 1, 2012

Our goal is to work at problem solving to prevent the crimes from happening, prevent the situations, so that's the whole key to this. Proactive policing is preventing crime from occurring.” If the tax (which is $0.3629 per $100 of assessed valuation) ...more »

China vs. North Korea's Refugees
Wall Street JournalMarch 1, 2012

Beijing forcibly repatriates these unfortunates without giving them a chance to apply for asylum. North Koreans who are suspected of having met Christians, South Koreans or Americans while in China are executed or shipped off to the gulag.more »

Business Law News and Stories

Advertising
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Group sues over new billboard rules
News & ObserverMarch 1, 2012

"The public was deprived of the opportunity to speak on these rules, which changed mid-stream at the request of the industry," Reyn Bowman of Scenic NC said in a statement the group released. Tony Adams, executive director of the NC Outdoor Advertising...more »

Federal Grants
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No-Child Law Faces Wave of Opt-Outs
Wall Street JournalMarch 1, 2012

By STEPHANIE BANCHERO Twenty-six more states asked to be excused from key requirements of the No Child Left Behind Act, an exemption that would curb the education law's impact considerably. The states, from Washington to Mississippi to New York, ...more »

Antitrust Law, Domestic
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Maryland law proposed to redefine agency
Boston.com (blog)March 1, 2012

The legislature in Maryland is taking a look at their agency disclosure law right now. I could explain agency pretty easily. In Massachusetts, the form reads: (Check one) ____The real estate agent listed below, the real estate firm or business listed ...more »

Foreign Investments
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The Am Law 100, the Early Numbers: White & Case Posts Modest Revenue Gain in a ...
The Am Law DailyMarch 1, 2012

"Considering the investments we made in 2011, we are satisfied with our results," says White & Case chairman Hugh Verrier, who recently began his second four-year term in the firm's top leadership post. "We need to have the right people in the right ...more »

Franchising
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Denver eyed for Justin Timberlake-founded restaurant franchise
Bizjournals.comMarch 1, 2012

Accredited Members said it is involved in a plan to open 30 Southern Hospitality locations in various cities, starting with Denver. Timberlake opened the barbecue restaurant in New York in 2007 with two partners, and two New York locations — one on ...more »

Banking Law
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Larchmont Residents Lose Thousands in Fraud
The Daily LarchmontMarch 1, 2012

by Brian Donnelly (email) LARCHMONT, NY -- Multiple Larchmont residents reported that unauthorized withdrawals had been made from their bank accounts, including one of $130000, according to the Larchmont Police Department. - On Feb.more »

Gaming Law
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The clear and present danger to Nevada's economy
Las Vegas SunMarch 4, 2012

Sunny, for the apocalyptic language, but the federal government's failure to act on Internet gaming, and that Christmas gift to lotteries and the states on web wagering could undo all that you are trying to accomplish. The Department of Justice changed ...more »

Business Formation
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Area woman charged with workplace fraud
Your Houston NewsMarch 1, 2012

The former office manager for a Tomball doctor has been accused of giving herself unauthorized bonuses and pay raises, as well as maxing out a company credit card to buy personal items, including a laptop, according to the Harris County District ...more »

Government Construction Contracts
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Second phase of laying of Pak-Iran gas pipeline begins: Ijaz Chaudhry
South Asian News AgencyMarch 3, 2012

Government has given contract of construction of Pak-Iran Gas Pipeline to German company; meanwhile government has deposited 200 million dollars as surety and Iran has given 250 million dollars to Pakistan for construction of pipeline.more »

Business Law
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Lawyer turned whistleblower earns $18 million in foreclosure settlement
Washington PostMarch 17, 2012

Lawyer Lynn Szymoniak had spent a career investigating insurance fraud before a bank moved to foreclose on her Florida home in 2008. Almost four years later, the fraud she said she uncovered by combing through mortgage documents earned her $18 million.more »

Institutional Investing
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The Law Firm of Levi & Korsinsky Notifies Investors With Losses on Their ...
Marketwire (press release)March 1, 2012

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder ...more »

Commercial
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The Florida Bar: 5 Attorneys Disbarred, 8 Suspended
Sunshine State News (blog)March 1, 2012

SC11-1538) Carol Cobourn Asbury, 3601 W. Commercial Blvd., Suite 18, Fort Lauderdale, disbarred effective immediately, following a Jan. 19 court order. (Admitted to practice: 1984) In two separate cases in US district court, Asbury pleaded guilty to ...more »

Fix School Takeover Law, Get Back To The Kids
Hartford CourantMarch 2, 2012

What about the legal validity of the state-appointed board's actions on personnel, spending and contracts? Whatever course is taken, lawmakers, jurists and executive branch officials should take into account what would be in the best interests of ...more »

Commercial Bankruptcy
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AMR wins right to hire bankruptcy advisers
CBS NewsMarch 1, 2012

FORT WORTH, Texas — American Airlines says a federal judge approved its hiring of legal, business and financial advisers to help steer the company through reorganization under bankruptcy protection. Sean Collins, a spokesman for American parent AMR ...more »

Internal Investigative Services
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Baltimore police officer charged with attempted theft from grocery
Baltimore Sun (blog)March 11, 2012

Early, who joined the force in September 1990 and is assigned to the Western District Detective Unit, has been suspended from the police force, and an internal affairs investigation is pending, Guglielmi said. An administrative hearing has been ...more »

Commercial Leasing
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Plaintiffs' lawyers spend millions in online ads. Should we care?
Thomson Reuters News & InsightMarch 1, 2012

ILR's president, Lisa Rickard, said in a press release that the report reveals trial lawyers' client-trawling tactics. "This new research shows how the practice of law in the United States has gone from a noble calling to often times a large commercial...more »

International Transactions
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Canada Expands Sanctions Measures Against Syria — Targeting Financial ...
JD Supra (press release)March 6, 2012

It is important for any company doing business internationally to have in place comprehensive internal control measures for compliance with economic sanctions, export controls, anti-corruption laws and related requirements. These new measures against ...more »

Communications & Media
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International law firm appoints UK M&A co-heads
ReutersMarch 1, 2012

By Naomi O'Leary | LONDON, March 1 (Reuters) - International law firm Freshfields Bruckhaus Deringer has hired Simon Marchant and Ben Spiers to co-head its London mergers and acquisitions (M&A) practice. The firm worked on M&A worth a total of more ...more »

Lynas Update: Malaysia government legal team slams court action filed by residents
eco-business.comMarch 1, 2012

“Under Section 32 of the Atomic Energy Licensing Act 1984, there is the procedure to appeal to the minister of Mosti (Minister Maximus Ongkili) and they have not done that. That's the grounds we are raising as preliminary objection to this judicial ...more »

Construction & Development
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Bill would clear way for outdoor alcohol
Times DailyMarch 1, 2012

If approved by the Legislature and signed into the law, the bill would create a new category for beverage retail licenses, issued by the Alabama Alcoholic Beverage Control Board, for the sale of alcoholic beverages within the entertainment districts ...more »

Locating Funds
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Bill would strip matching funds from Clean Election Act
WCSH-TVMarch 2, 2012

AUGUSTA, Maine (AP) -- Further legislative votes are expected on a bill to strip so-called matching funds out of the Maine public campaign financing law. The Senate on Thursday gave initial approval to the bill, which was submitted in response to a US ...more »

Contracts Involving State & Minicipality
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Mayors to Christie: Time to give us our money back
PolitickerNJMarch 1, 2012

By Darryl R. Isherwood | March 1st, 2012 - 1:20pm The lobbyist for the state's 566 municipalities is calling on the Christie Administration to hand over more than $700 million in revenue they say legally belongs to local governments.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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Texas A&M, NCAA work together to root out drug use
Bryan College Station EagleMarch 18, 2012

A news release issued by the US Drug Enforcement Administration in April 2011 said synthetic cannabinoids are "designer drugs" that are "manufactured and distributed in an attempt to circumvent the Controlled Substances Act." "K2s were sold across the ...more »

Mortgages & Foreclosures
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Legal decision has attorneys talking
Minnesota Public RadioMarch 30, 2012

MPR News received a tip about a complicated story involving an attorney, a judge and the state's foreclosure laws. US District Judge Patrick J. Schiltz has taken the unusual step of sanctioning Minneapolis attorney William Butler for filing what the ...more »

Corporate Finance & Taxation
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Income Tax Hikes Considered; Mortgage Tax Deduction Caps Likely Out
WBAL RadioMarch 1, 2012

(Photo by WBAL's David Collins) WBAL's Robert Lang reports on one tax change that lawmakers won't adopt this year. Read the bill that would increase the state's income tax rates. Members of the Senate Budget and Taxation Committee are considering a ...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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Dallas company in talks to buy KLN
San Antonio ExpressMarch 2, 2012

LLC and its sister companies, which are mired in bankruptcy. Avteq Inc. is negotiating a stock purchase agreement to acquire KLN, Dehler Manufacturing Inc. and Furniture by Thurston in California, bankruptcy court documents show.more »

Professional Corporations
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Campaign finance changes are hurting voters
Seacoastonline.comMarch 11, 2012

The case, first argued during the 2009 term, had nothing to do with the ultimate decision that corporations are "persons" guaranteed unrestricted free speech. The court commissioned new legal briefs to provide a fig leaf for its determination that ...more »

Customs Disputes
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Court rules on enforcement of foreign arbitral award
International Law OfficeMarch 1, 2012

The arbitration clause in the contract provided that if the defendant was the complainant in the dispute, the dispute was to be referred for final resolution to the International Commercial Arbitration Court (ICAC) at the Ukrainian Chamber of Commerce ...more »

Public Offerings
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Federal judge questions state attorney on new voter-registration law
Tallahassee Democrat (blog)March 2, 2012

By Bill Cotterell A highly skeptical federal judge raised pointed questions about Florida's new voter-registration law Thursday, demanding to know whether Republicans were really fighting voter fraud or just making it harder for their opponents to get ...more »

Debt Collection
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Deutsche Bank Rejects Settlement on Kirch Case After Revi
BloombergMarch 1, 2012

To do that, it needs to show that the comments caused the bankruptcy. Damage Suits Under German law, a corporation may face damage suits by its shareholders if it gives away money without justification. Deutsche Bank's legal department and external ...more »

Reorganizations & Restructuring
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How Ener1's emergence from bankruptcy ties into Obama's answer to gas price spikes
Torque NewsMarch 3, 2012

By Don Bain on Sat, 03/03/2012 - 15:07 for Torque News Lithium ion battery maker, Ener1 is emerging from its bankruptcy reorganization plan just as President Obama states alternative technologies are the answer to recurring gas prices spikes.more »

Debt Settlement
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TEXT-S&P revises JDA Software outlook to negative
ReutersMarch 2, 2012

Total debt to EBITDA is below 2x. JDA generates good free cash flow, averaging about $74 million over the past three years. The company's financial flexibility has improved following the favorable settlement and final resolution of a lawsuit filed by a ...more »

State & Minicipal Bonds
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Maryland's wedding industry embraces same-sex marriage
Gazette.Net: Maryland Community News OnlineMarch 2, 2012

by Lindsey Robbins, Staff Writer Bill Ryan/The Gazette Jackie Stroup assembles a bridesmaid's bouquet at Wood's Florist & Gifts in College Park, one of the businesses hoping to cash in when Maryland's same-sex marriage law takes effect in January.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
[read all news]
Trading Firm Sun to Acquire Rival Endeavor in Bond Push
Wall Street JournalMarch 6, 2012

Sun began weighing a move into bond markets last summer as regulators moved ahead with rules that would clamp down on Wall Street banks' proprietary trading, alongside revamps for the trading of complex swap instruments under the Dodd-Frank law.more »

False Advertising
[read all news]
Global Internet Services Industry
MarketWatch (press release)March 1, 2012

The report offers a rudimentary overview of the industry with an on-the-fly focus on broadband services, and details trends such as, increased broadband penetration and growth in e-Commerce applications and online advertising.more »

Unfair Competition
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Unfair Competition by Fiduciaries Proves Costly
BlakesMarch 2, 2012

Within hours of their resignations, three of the former employees met with current GasTOPS employees and described their plans to start a new business focused on aviation maintenance software, in competition with GasTOPS. Just over a week after the ...more »

Federal Contracts
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News roundup: Romney wins in Wyoming, as he focuses on to Super Tuesday
Salt Lake Tribune (blog)March 1, 2012

[NYTimes] -> Utah Transportation officials wrongly terminated an employee they suspected of leaking information about a major i-15 contract and now have to give the employee her job back. But UDOT plans to appeal the decision.more »

Venture Capital
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NZ angel investors spurn start-ups
New Zealand HeraldMarch 5, 2012

NZVIF, which administers venture capital and seed co-investment programmes for the Government, said "angels" made 97 investments in young, high-growth companies, slightly behind the previous year's record activity level, but the amount invested was ...more »

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