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

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Public authorities and the Freedom of Information Law
International Law OfficeMarch 1, 2012

The Freedom of Information Law gives members of the public a general right of access to records held by public authorities (other than exempt records). But what is a 'public authority' for these purposes? The answer to this question raises some ...more »

Ex-Massey security director gets three years in UBB case
Charleston GazetteMarch 1, 2012

A former Massey Energy security director deserves to spend three years in prison for lying to investigators and trying to destroy documents, but should not be blamed for the worst coal-mining disaster in nearly 40 years, a federal judge concluded ...more »

Business Law News and Stories

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Metro: Anti-Obama ad at Clarendon rail station is protected speech and will stay
Washington PostMarch 1, 2012

wrote to Metro on Wednesday, asking that the ad be removed and calling it “an offensive advertisement disparaging the recent health law.” “This advertisement is inappropriate, disrespectful of the President, and should be removed immediately,” Moran ...more »

Federal Grants
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Judge ramps up pressure on Kazakh mogul
Financial TimesMarch 1, 2012

... his assets or be prevented from defending fraud claims, the High Court in London has ordered. Mr Justice Teare agreed to grant an injunction sought by BTA after the disappearance last month of Mukhtar Ablyazov, former head of the Kazakh lender.more »

Antitrust Law, Domestic
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Rights Fight Part of Business
CRIENGLISH.comMarch 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 »

Foreign Investments
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Wise charged in $130M Ponzi scheme
Standard FreeholderMarch 1, 2012

Wise, 62, now faces 17 criminal counts of fraud, money laundering and conspiracy indictments. A warrant for his arrest has been issued by the US Attorney General office in San Francisco. However, Wise's close associate, Jacquline Hoegel, 55, ...more »

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Town warned of operating outside limits
Andrews JournalMarch 1, 2012

It goes on to state that the attorney general's office likely would be successful in obtaining a temporary restraining order, and the cost would exceed the costs of the steps for implementing the cable franchise. Under the law, broadband Internet is ...more »

Banking Law
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AG Unveils 'Homeowner Bill of Rights'
The Bay Citizen (blog)March 1, 2012

By Ryan Jacobs |February 29, 2012 7:40 pm |In Housing State Attorney General Kamala D. Harris unveiled the California Homeowner Bill of Rights Wednesday, a series of proposed laws aimed at shielding homeowners from fraudulent and unfair mortgage ...more »

Gaming Law
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US tries its luck easing online gambling stand
ABS CBN NewsMarch 1, 2012

The turnabout by Washington came quietly in December when the Justice Department released an opinion stating that only sports betting should be prohibited under a 1961 federal law known as the Wire Act. This opens the door to online poker, ...more »

Business Formation
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AllEnergy Corporation Acquires an Interest in a 2 Million Acre Belize Oil ...
MarketWatch (press release)March 1, 2012

DES MOINES, IA, Mar 01, 2012 (MARKETWIRE via COMTEX) -- AllEnergy Corporation (otcqb:AFSE) (pinksheets:AFSE) ( ), a growth-oriented international energy company, today reported signing a contract for an interest in a 2 million acre ...more »

Government Construction Contracts
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CRCC Wins Ecuadorean Mining Contract
CapitalVueMarch 7, 2012

March 7 -- China Railway Construction Corporation (601186,1186.HK) said Ecuacorrientes SA, an Ecuadorean mining company wholly-controlled by subsidiary Corriente Resources, signed an agreement with the Ecuadorean authorities to invest $1.72 billion to ...more »

Business Law
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Latest Georgia news, sports, business and entertainment
WSAV-TVMarch 16, 2012

District Attorney Robert James said Thursday his office is looking into charging Andrea Sneiderman, telling reporters to "stay tuned." Her former boss, Hemy Neuman, was found guilty but mentally ill and sentenced Thursday to life in prison without ...more »

Institutional Investing
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Too Big to Fail and the Volcker Rule
Huffington PostMarch 5, 2012

Instead, what I have always thought of as a fig leaf -- the so-called Volcker Rule -- was attached to the Dodd Frank Wall Street Reform Act, which became law in July 2010. The can was kicked down the road; the Act left it up to regulators to write ...more »

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In odd twist, Shell sues environmental groups to score drilling rights
msnbc.comMarch 1, 2012

The idea behind the suits, filed in US District Court in Anchorage, is to beat environmental activists to court. Shell has already spent $4 billion on the project but has not yet started drilling. “This is a very unique legal approach.more »

Leagle.comMarch 1, 2012

Lesley Rynell of the Juvenile Law Center, Sioux City, attorney and guardian ad litem for minor children. Considered by Eisenhauer, CJ, and Danilson and Bower, JJ. The mother of AGP, AAP, and KMP appeals from the order terminating her parental rights.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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Founder of NYU Criminal Law Center Joins Jenner & Block
Main JusticeMarch 6, 2012

In his new role at Jenner & Block, Barkow will represent clients in criminal investigations, as well as internal investigations, the firm said. In 2005, Barkow was awarded the Attorney General's Award for Exceptional Service. He graduated from Harvard ...more »

Commercial Leasing
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ALM's Partners with ExecSense to Deliver Exclusive New ...
MarketWatch (press release)March 1, 2012 news, research and information, focused primarily on the legal and commercial real estate sectors. ALM's market-leading brands include The American Lawyer, Corporate Counsel,, Insight Conferences,, Law Journal Press, ...more »

International Transactions
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Kramer Levin Elects New Partners in New York and Paris Offices
Sacramento BeeMarch 5, 2012

Mr. Brody earned his BA from Hebrew Theological College and his JD, with distinction, from Hofstra University School of Law, where he was the recipient of several awards including the prestigious Benjamin Weintraub and Alan Resnick Bankruptcy Law Award ...more »

Communications & Media
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Football behaviour laws in force
The Press AssociationMarch 1, 2012

New laws to punish those engaging in offensive behaviour at football have come into force. The Offensive Behaviour at Football and Threatening Communications (Scotland) Act 2012 gives police and prosecutors additional tools to crack down on sectarian ...more »

ITC Administrative Judge Gives Rambus Bad News
NCTechNews (press release)March 5, 2012

Chapel Hill, NC) 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, ...more »

Construction & Development
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VLP Law Group LLP announces Stephen Wright and Patrick Valentino have joined ...
California NewswireMarch 1, 2012

... real estate transactional law, including development, acquisition, joint ventures, commercial financing, leasing, dispositions, entity structuring, partnership and limited liability company agreements and construction involving office, industrial, ...more »

Locating Funds
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Obama hits up Wall Street for campaign funds
CBS NewsMarch 2, 2012

Attendees at the event, held at ABC Kitchen in the Flat Iron District, included prominent Wall Street figures such as Blair Effron, co-founder of boutique investment bank Centerview Partners, and Ralph Schlosstein, CEO of investment bank Evercore ...more »

Contracts Involving State & Minicipality
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Stockton mediation first case under new Calif. law
NECNMarch 1, 2012

Stockton is trying to avoid becoming the most populous US city in modern times to seek Chapter 9 protection by moving this week to participate in a 60-day evaluation process with its bond holders, creditors, employee unions and retirees.more »

Mergers, Acquisitions & Divestitures
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Evercore Chief Financial Officer, Robert B. Walsh, to Present at the Sidoti ...
ReutersMarch 16, 2012

Evercore's Investment Banking business advises its clients on mergers, acquisitions, divestitures, restructurings, financings, public offerings, private placements and other strategic transactions and also provides institutional investors with high ...more »

Controlled Substances Law
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DEA, Murrieta Police Raid Marijuana Dispensary
Patch.comMarch 17, 2012

"The US Department of Justice (and) US Attorney have stated on many occasions they are committed to the enforcement of the Controlled Substances Act," Conrad said, in an email to Patch. "Persons who are in the business of cultivating, ...more »

Mortgages & Foreclosures
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Million-dollar house in foreclosure for years
Washington PostMarch 3, 2012

They have kept their home for so long by repeatedly filing for bankruptcy and by exploiting changes in Maryland's laws designed to help delinquent homeowners avoid foreclosure. Interior of Keith and Janet Ritter's Fort Washington home.more »

Corporate Finance & Taxation
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Cline's fate in judge's hands
News & ObserverMarch 1, 2012

"Ms. Cline, I would contend, abused the power of the office to just defend herself," said Durham lawyer Kerry Sutton, explaining that Cline tied up court resources and used her own tax-paid salary to settle personal beefs with Judge Orlando Hudson and ...more »

Non-Profit Corporations
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Bioforce Receives American Botanical Council's Tyler Award
MarketWatch (press release)March 5, 2012

The nonprofit American Botanical Council has announced that Bioforce AG is the recipient of its annual Varro E. Tyler Commercial Investment in Phytomedicinal Research Award. Bioforce AG is a Swiss herbal products manufacturer that spends approximately ...more »

Creditor's Rights
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American Airlines parent AMR, in bankruptcy protection, lost $234 million in ...
Washington PostMarch 1, 2012

... trying to turn around while in bankruptcy protection, says it lost $234 million in January. That includes restructuring expenses of $155 million related to renegotiating aircraft financing and $15 million in fees paid to advisers such as lawyers.more »

Professional Corporations
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No Taxes for Facebook? Senator Cries Foul
CNBC.comMarch 1, 2012

The Michigan Democrat, who introduced a bill in February that aims to cut corporate tax loopholes, pointed to Facebook as the epitome of what's wrong with the corporate tax code in the United States in a speech on the Senate floor Wednesday.more »

Customs Disputes
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Former Spectranetics CEO acquitted on all but one charge
Middle East North Africa Financial NetworkMarch 2, 2012

Schulte, who now lives in the Boston area, resigned as president, CEO and a director of the Colorado Springs-based medical laser manufacturer in 2008, about six weeks after investigators from the US Food and Drug Administration and Customs and ...more »

Public Offerings
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Sterling to stay free as attorney asks justices for rehearing
Greenville NewsMarch 1, 2012

A six-man, six-woman jury in Lexington found Sterling guilty of securities fraud in 2009. The jury acquitted Sterling of making false or misleading statements to the state Securities Commission and of criminal conspiracy. A bankruptcy trustee returned ...more »

Debt Collection
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Susan Tompor: Debt isn't real but harassing phone calls are
Detroit Free PressMarch 1, 2012

The FTC reports that it's receiving more complaints on phantom debt collection scams lately, as are law enforcement agencies. The commission has complaints against various entities, including American Credit Crunchers and Ebeeze.more »

Reorganizations & Restructuring
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BSP Pursues Revamp Of AMLC
Manila BulletinMarch 4, 2012

Sources said the BSP, which had been slowly reorganizing and restructuring the AMLC secretariat in the last year and a half, is reviewing several proposals to boost the AMLC operations including the creation of more positions after an additional 19 in ...more »

Debt Settlement
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Windrush Wins Court Case; Trims Staff, Classes
Patch.comMarch 1, 2012

As a result, a US Bankruptcy Court judge removed the school's bankruptcy status, clearing the way for the private K-8 school to complete the school year, provided it cuts costs sufficiently and meets the terms of a debt-settlement agreement reached ...more »

State & Minicipal Bonds
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The Dad Nassau PD Top Brass May Have Broken The Law For
New York's PIX11 / WPIX-TVMarch 2, 2012

Zachary Parker, 20, stole $11000 worth of audiovisual equipment from John F. Kennedy High School in Bellmore in 2009 to use in his DJ business, law enforcement sources tell PIX11. They also say that there the school had surveillance video of Parker ...more »

Directors' & Officers' Liability
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Chartis Enhances Fiduciary Liability Solutions for Private Companies, Non ...
Insurance News Net (press release)March 1, 2012

The Fiduciary Liability Insurance Edge SM endorsement, when added to the Chartis insurers' Private Edge Plus , Not for Profit Risk Protector® and Financial Institution Risk Protector policies, provides coverage to address the rapidly expanding ...more »

Trade Associations
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Raspberry Pi and Insane Trade Rules
ForbesMarch 1, 2012

My own interest is in the insane trade laws that surround a product like this. “I'd like to draw attention to one cost in particular that really created problems for us in Britain. Simply put, if we build the Raspberry Pi in Britain, we have to pay a ...more »

False Advertising
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Facebook rolls out new advertising tools
GMA NewsMarch 1, 2012

NEW YORK - Facebook rolled out new tools for advertisers Wednesday as it prepares to go public later this year in the largest flotation ever by an Internet company on Wall Street. Among the marketing opportunities unveiled at an event held by Facebook ...more »

Unfair Competition
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Franchisors Flirt with Antitrust Violations
NuWire InvestorMarch 2, 2012

Even so, some cases are decided in favor of franchisees, making the argument worthwhile if the cost to franchisees is high and the evidence against franchisors is strong. For more on this continue reading the following article from JDSupra.more »

Federal Contracts
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Website matches targets and hit man
Grand Forks HeraldMarch 1, 2012

Then he made her an offer: Pay him the balance on the contract, and he would let her live. She had three days. Sotelo, who other agents in the violent crime squad knew as the “prison girl” for the number of federal lockup cases she's investigated, ...more »

Venture Capital
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Intel Capital Announces $100 Million Fund To Invest in 'Connected' Cars
HispanicBusiness.comMarch 1, 2012

Intel's 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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