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

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US judge allows DEA to suspend Cardinal license
ReutersMarch 1, 2012

An administrative hearing of Cardinal's Lakeland license is scheduled to begin at the DEA on April 3. That process could take as long as a year to play out as both sides present their cases. The DEA judge will then make a recommendation to the DEA's ...more »

Carbon pricing - what does it mean for the property sector?
Clayton UtzMarch 1, 2012

It may be that the lease provisions permit changes to the lease arising from changes in law. Alternatively, special legislative provisions such as retail leases legislation may prohibit such changes. What should building owners do before entering a new ...more »

Business Law News and Stories

Advertising
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Advertising for health products regularly infringes current legislation in Spain
Science CodexMarch 1, 2012

The project reports that this infringement of law takes place specifically in health-related advertisements. "A large part of radio health-related product advertising infringes the current law" Clara Muela, lecturer at the Rey Juan Carlos University in ...more »

Federal Grants
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Tegrity and the Center for Digital Education Report on Alternative Funding...
MarketWatch (press release)March 1, 2012

Missouri State University-West Plains was awarded with an HEA Title III Strengthening Institutions grant in 2010 for lecture capture. Additionally, federal organizations like the US Department of Labor award grants to community colleges to advance and ...more »

Antitrust Law, Domestic
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Google Privacy Changes: 6 Steps To Take
InformationWeekMarch 1, 2012

But fearful of being outmaneuvered by Facebook, Google ignored heightened regulatory scrutiny over search-related antitrust issues and began mixing its so-called organic search results with Google+ search results. That only made lawmakers more ...more »

Foreign Investments
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Drug Crackdown Fuels Guatemala Bond Rally as Ex-General's Taxes Fund Fight
BloombergMarch 1, 2012

Perez Molina has said he will fund the security spending increase in part with new tax revenue. Congress approved Jan. 26 an anti-tax evasion law that gives the government power to temporarily shutter businesses not in compliance.more »

Franchising
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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 »

Banking Law
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ARBUTHNOT BANKING GROUP PLC : Arbuthnot Banking Group appoints head of legal ...
4-tradersMarch 1, 2012

Until the end of 2011, Alan was a partner in London in the corporate group at Simmons & Simmons, the international law firm. He led the Simmons & Simmons team advising Secure Trust Bank and Arbuthnot Banking Group on the AIM IPO of Secure Trust Bank ...more »

Gaming Law
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Canadian lawmakers staying out of the online gambling game: expert
Calgary HeraldMarch 3, 2012

“For police authorities, it's not their top priority,” said Stanley Sadinsky, a law professor emeritus at Queen's University, in Kingston, Ont. “They have much bigger fish to fry,” said Sadinsky, who developed a gambling law course. In the past week, ...more »

Business Formation
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Andersen Corporation Announces Fleet Conversion to Compressed Natural Gas
MarketWatch (press release)March 1, 2012

BAYPORT, Minn., Mar 01, 2012 (BUSINESS WIRE) -- Andersen Corporation today celebrates the grand opening of a new Compressed Natural Gas (CNG) fueling station near the company's Menomonie, Wisconsin plant. Located at the Cedar County Cooperative Cenex, ...more »

Government Construction Contracts
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Builder sues school system
Chapel Hill NewsMarch 4, 2012

BY MARK SCHULTZ, mschultz@newsobserver.com CHAPEL HILL - A construction company's apparent paperwork error has cost it the opportunity to build Chapel Hill-Carrboro's next school - and cost taxpayers an extra $200000, an attorney for the school system ...more »

Business Law
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Health-care reform act is bad for small business, expert says
Wyoming TribuneMarch 15, 2012

By Becky Orr CHEYENNE -- The national health-care reform act will be a tremendously expensive and intrusive law, a health-care economics expert said here Wednesday. The law especially will be hard on small businesses, added Bob Graboyes, ...more »

Institutional Investing
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WHAT OTHERS SAY: Speaker's investments cry out for Missouri ethics law
Columbia MissourianMarch 5, 2012

Imagine this scenario, now that Mr. Tilley is both a day trader and bank owner. Keep in mind, the reason the speaker of the House can raise so much money is that he can exert life-or-death power over legislation. Let's say the annual bill to cap payday ...more »

Commercial
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HSBC joins UK China Business Consortium
Bristol24-7March 1, 2012

The Consortium was set up last year by Bristol-based trademark and IP specialists Haseltine Lake, Swindon commercial law firm Clark Holt, Swindon and Bristol-based PR and marketing consultancy Vox, commercial property experts Whitmarsh Lockhart, ...more »

Fannie and Freddie: Shangri-La for Lawyers
Fox BusinessMarch 1, 2012

And under the 2008 federal law letting the government seize Fannie and Freddie, the former executives would be prohibited from suing the companies' bankruptcy estate—they'd have to get in line with other unsecured creditors, and possibly end up with ...more »

Commercial Bankruptcy
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American Airlines Starts to Show Its Hand to Bondholders
Bond BuyerMarch 1, 2012

The trustee said it had intended to tap reserves but believes their use would violate bankruptcy rules. The trustee is attempting to obtain American's agreement to use the reserve funds to make the Feb. 1 debt-service payment or to pay the trustee's ...more »

Internal Investigative Services
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The Mounting Costs of Internal Investigations
New York TimesMarch 5, 2012

By PETER J. HENNING When a corporation is caught in a government investigation, the legal fees can quickly exceed $100 million – and that's before the lawsuits even begin. Once the government files charges, those costs can continue to grow as companies ...more »

Commercial Leasing
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Changes to Bankruptcy Law Fight Reorganization
CNBC.comMarch 2, 2012

You say the bankruptcy process is broken. How so? When bankruptcy evolved, it was to protect debtors, the owners. The whole concept was forgiving debts or restructuring so the business would survive in the hands of the owners. But the rules have ...more »

International Transactions
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NWest Energy to Amalgamate with Argentina-Focused Private Company
Energy Digital (press release)March 6, 2012

Caribe was incorporated under the Business Corporations Act (Alberta). The registered office and head office of Caribe are both located at Suite 220, 840 - 6 th Avenue SW, Calgary, Alberta, T2P 3E5. Caribe has 9051000 common shares issued and ...more »

Communications & Media
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PSAL Class A&B boys basketball playoff roundup: CSI/McCown nets first playoff ...
New York PostMarch 1, 2012

18 Law & Technology in the second round Friday at 5 pm MLK wraps up its year at 10-7. No. 3 Brooklyn Collegiate 83, No. 35 Bronx Science 47: Rashaad John scored 29 points, Ervin Mitchell had 24 points, 11 rebounds and six assists and Adrian Williams ...more »

House committee hears more emotional testimony on Nathan's Law
Columbia MissourianMarch 2, 2012

The House Professional Registration and Licensing Committee held a hearing for the bill, which would adopt rules and penalties for unlicensed child care providers. The bill's sponsor, Rep. Jill Schupp, D-St. Louis County, first called Shelley Blecha to ...more »

Construction & Development
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520 Gets an Environmental Pass
PubliColaMarch 1, 2012

The state house adopted legislation this afternoon that would give the Washington State Department of Transportation an exemption from state law, allowing them to continue construction on the 520 bridge across Lake Washington despite an ongoing ...more »

Locating Funds
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Detroit misspent, abused funds meant for poor, state tells city council
Detroit Free PressMarch 2, 2012

By Steve Neavling City of Detroit officials broke the law by misusing at least $3 million on grants intended for poor people, and now the state wants another agency to deliver the services, Michigan Department of Human Services Director Maura Corrigan ...more »

Contracts Involving State & Minicipality
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Corbett: Forced mergers hard
Altoona MirrorMarch 1, 2012

But he doesn't think the state should reduce the number by coercion. "It's very hard to force mergers," Corbett said in answer to a question referencing Altoona's recent petition to enter the state's Distressed Municipalities Program.more »

Mergers, Acquisitions & Divestitures
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Medco Offers 90% Return as Deal Seen Likely
BusinessWeekMarch 2, 2012

Traders who profit from mergers and acquisitions are becoming more confident the companies can convince regulators that a combination won't hurt competition as smaller benefit managers win business from larger rivals, according to Will Harrington, ...more »

Controlled Substances Law
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Feds warn Arizona over medical pot program
Prescott Daily CourierMarch 21, 2012

Scheel said state employees who participate in the Arizona Medical Marijuana Act "are not immune from liability" under the federal Controlled Substances Act. However, Scheel wrote that seriously ill patients and caregivers who use pot as medically ...more »

Mortgages & Foreclosures
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Church's suit against OneUnited reinstated
Boston HeraldMarch 7, 2012

The judge cited the state Supreme Judicial Court's landmark 2008 Fremont decision, which found that state law prohibits mortgages that banks know from the beginning will likely end in foreclosure. “Considered in its totality, the (church's) allegations ...more »

Corporate Finance & Taxation
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Opinion: Cut the Taxes That Truly Burden NJ's Small-Business Owners
Patch.comMarch 1, 2012

Reducing state income taxes will help small businesses, but ending double-taxation of income would lift a much larger burden. New Jersey Gov. Chris Christie Tim Larsen/Office of Gov. Chris Christie Credit Tim Larsen/Office of Gov.more »

Non-Profit Corporations
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'Many More' Like Anonymous, DOJ Official Says
Wall Street Journal (blog)March 6, 2012

Weinstein comments came Tuesday afternoon during a New York a forum on privacy and safety in the digital age sponsored by The Constitution Project, a non-profit organization. Weinstein, who oversees the division's computer crime and intellectual ...more »

Creditor's Rights
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Banking/Court win for Lehman Europe clients
The IndependentMarch 1, 2012

It declared they had rights to reclaim the money, even though Lehman Europe had not kept it separate from the rest of the bankrupt firm's operations. Hedge funds feared they would have to take their place along with other unsecured creditors, ...more »

Professional Corporations
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Local Lawyer Named to Birmingham Magazine's 2012 "Top Birmingham Personal ...
Einnews PortugalMarch 4, 2012

The fields of practice include banking, corporate finance, criminal defense, probate, commercial law. etc. Nominated by his peers, Whit Drake expressed appreciation of the annual award: "I am very pleased to by acknowledged by fellow members of the Bar ...more »

Customs Disputes
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Former Kauai Physician Sentenced to 12 Years in Prison
Hawaii ReporterMarch 2, 2012

RERORT FROM US ATTORNEY GENERAL-HAWAII'S OFFICE - Dr. Harold Charles Spear, III, 60, formerly of Hanapepe, Kauai, was sentenced yesterday in United States District Court to 12 years and 7 months in prison on multiple charges of dispensing controlled ...more »

Public Offerings
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Cloquet attorney to run for state House seat
Duluth News TribuneMarch 1, 2012

Cloquet attorney Jesse Berglund on Wednesday became the first to announce that he'll run for the newly drawn State House District 11A seat. Cloquet attorney Jesse Berglund on Wednesday became the first to announce that he'll run for the newly drawn ...more »

Debt Collection
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The Forefront Law Group Announces Launch
San Francisco Chronicle (press release)March 1, 2012

After rounding out his legal training as a law clerk on the First Circuit Court of Appeals and as a trial lawyer at Williams & Connolly in Washington, DC, Don turned to the business side of the legal profession. He has been a CEO or senior officer of ...more »

Reorganizations & Restructuring
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General Maritime Disclosure Statement Approved by Court
Sacramento BeeMarch 1, 2012

... New York (the "Bankruptcy Court") has approved the disclosure statement (the "Disclosure Statement") filed in connection with the Company's proposed Joint Plan of Reorganization of the Debtors Under Chapter 11 of the Bankruptcy Code (the "Plan").more »

Debt Settlement
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MedX Health Reaches Debt for Shares Agreement
TechFinanceMarch 1, 2012

(TSX-V: MDX), a global provider of drug free, non-invasive low level laser light therapy and light imaging systems, said subject to approval by the TSX Venture Exchange it has reached a debt settlement with certain key officers of the company.more »

State & Minicipal Bonds
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Thurgood Marshall Jr. named to Genesco board
The TennesseanMarch 1, 2012

“He brings to the company valuable perspectives gained from his broad experience in business, public service and the law, including a particular expertise in corporate governance and ethics." “Genesco has enjoyed great success in recent years and seems ...more »

Directors' & Officers' Liability
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BP Gulf of Mexico Spill Trial to Start as Settlement Pressure Increases
BloombergMarch 2, 2012

Non-government plaintiffs in the case include fishermen, shrimpers, restaurants, hotels, workers and business and property owners along the Gulf coast affected by the spill. The proposed settlement between BP and lawyers for businesses and individuals ...more »

Trade Associations
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Justice Dept. loses 3 FOIA court rulings, including rare order to release ...
Washington PostMarch 3, 2012

WASHINGTON — The Justice Department has lost three significant court rulings over records sought by the public under the Freedom of Information Act, including a rare order to release a classified document. The rulings have been issued recently by ...more »

False Advertising
[read all news]
Rights fight part of business
China DailyMarch 1, 2012

Legal claims and counterclaims over intellectual property rights have become part of doing business not just in China, but in many other countries as well. So has using litigation, and the threat of litigation, as a commercial weapon.more »

Unfair Competition
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Herrera doubtful whether Collective Proceedings Bill can be implemented
Malta Independent OnlineMarch 1, 2012

Generally, when a product is defective, a whole group of people are affected so the legislator must make it easy for people affected with unjust competition, or unfair treatment of liability as a result of defects, to present one case, rather than a ...more »

Federal Contracts
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Five Major Freight Forwarding Companies Debarred by US Government
JD Supra (press release)March 1, 2012

The debarred freight forwarders are: The debarment of these freight forwarders from US Government contracts follows a September 30, 2010 guilty plea by certain of these companies to criminal price-fixing charges, antitrust violations, and an agreement ...more »

Venture Capital
[read all news]
Intel Capital announces $100 million new fund to invest in...
SiliconValley.comMarch 1, 2012

Intel's (INTC) venture capital arm Wednesday announced a $100 million fund to invest in "connected car" technology. "The car is the ultimate mobile device," said Staci Palmer, general manager of Intel's Automotive Solutions Division.more »

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