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

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Reforms coming to the state foster care system
kjrh.comMarch 1, 2012

"Litigation was hotly contested for years," said Oklahoma Attorney General Scott Pruitt. "The state defended the case pretty aggressively," said Marica Lowry, executive director of Children's Rights. It's all been over a federal suit that claims the ...more »

Ireland Signs Controversial 'Irish SOPA' Into Law; Kicks Off New Censorship Regime
TechdirtMarch 1, 2012

Remember how EMI sued the Irish government for failing to pass a SOPA-like law that will force ISPs to act as copyright cops and censor and block access to websites that the entertainment industry doesn't like? Well, apparently, the end result is that ...more »

Business Law News and Stories

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Bloomberg BNA Offers Comprehensive Update on the Business of Doing Business in ...
MarketWatch (press release)March 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 »

Federal Grants
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Gloucester Law Centre's discrimination advice service funding is cut
BBC NewsMarch 1, 2012

A law centre in Gloucester which offers free legal advice service for discrimination cases is to stop and be replaced with a helpline. For the past four years, Gloucester Law Centre (GLC) has been given an annual grant of £51000 from the Equality and ...more »

Antitrust Law, Domestic
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Simmons Law Firm Pledges $25000 to Help Union Workers Through Labor Council's ...
MarketWatch (press release)March 1, 2012

ALTON, Ill., Mar 01, 2012 (BUSINESS WIRE) -- The Simmons Firm, one of the St. Louis region's largest personal injury law firms, has announced a new fundraising effort to match donations up to $25000 to the Greater St. Louis Labor Council's "$5 for the ...more »

Foreign Investments
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The Easy Way to Own the World
Motley FoolMarch 1, 2012

But no matter how strong American stocks are, putting all your eggs in one basket is an invitation to disaster -- and can lead you to miss out on some of the best investment opportunities you can find. In the past, though, it was hard for US investors ...more »

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The Best Seat in the House
Wall Street JournalMarch 1, 2012

By LAUREN AE SCHUKER When Brett Ratner, the director behind the "Rush Hour" franchise, presses a button on a remote, the lights in his living room—part of a Beverly Hills estate once owned by Ingrid Bergman—go dim. Shades creep across the windows, ...more »

Banking Law
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CFPB Opens Door to Bank-Fee Complaints
Wall Street JournalMarch 1, 2012

"Consumers need someone on their side to keep banks and credit unions accountable—that is our job at the Consumer Bureau," said the bureau's director Richard Cordray. The consumer bureau, a central plank of the 2010 Dodd-Frank financial overhaul law, ...more »

Gaming Law
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"Bodog" gambling website seized by feds, founder Calvin Ayre indicted
CBS NewsMarch 1, 2012

Gamblers in Maryland and elsewhere were sent at least $100 million by wire and check from 2005 to 2012, the US Attorney's office said, adding that Bodog conducted a $42 million advertising campaign between 2005 and 2008 to attract gamblers to the ...more »

Business Formation
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Feds pay visit to Fattah's son, lawyer
Philadelphia InquirerMarch 1, 2012

BY WILLIAM BENDER & JAN RANSOM After visiting Chaka Fattah Jr., federal agents spent almost an hour gathering a computer and documents from David Shulick's Center City law office. THE FBI has developed a keen interest in Chaka "Chip" Fattah Jr., ...more »

Government Construction Contracts
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One year later, Japan continues clean-up of radiation zone
USA TODAYMarch 5, 2012

Major construction companies and others won government contracts to experiment with various methods to remove and compact the overwhelming volume of waste. Those found effective will be chosen for further cleanup starting in April.more »

Business Law
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Sidley Austin LLP Partner Laura M. Barzilai Honored with a 2012 PAR Flex ...
Business Wire (press release)March 16, 2012

NEW YORK--(BUSINESS WIRE)--Sidley Austin LLP is pleased to announce that Laura M. Barzilai, a partner in the firm's New York office, is a recipient of a 2012 PAR Flex Success Award given by the Project for Attorney Retention (PAR), ...more »

Institutional Investing
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Guggenheim Partners Appoints Henry R. Silverman as a Senior Advisor and Vice ...
MarketWatch (press release)March 8, 2012

NEW YORK, March 8, 2012 /PRNewswire via COMTEX/ -- Guggenheim Partners, a diversified financial services firm, today announced that it has appointed Henry R. Silverman as a Senior Advisor and Vice Chairman of its investment management business, ...more »

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Latest North Carolina News, Sports, Business And Entertainment
WNCTMarch 1, 2012

By: | AP RALEIGH, NC (AP) A panel created by North Carolina law will decide how to inform voters about a proposed constitutional amendment on the May ballot to limit marriage to one man and one woman. The Constitutional Amendments Publication ...more »

O'Donnell: Vermonters don't want to finance unwinnable fights
vtdigger.orgMarch 3, 2012

I also accurately predicted what would happen if they continued to pass unconstitutional “feel good” laws. Passing laws that make special interests happy but violate the Vermont or US Constitution or federal law is an expensive exercise in political ...more »

Commercial Bankruptcy
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The Daily Docket: UK Court Backs Lehman US
Wall Street Journal (blog)March 1, 2012

Weil, Gotshal & Manges LLP's Bankruptcy Blog notes the retiring of Judge Arthur J. Gonzales, the chief judge of the US Bankruptcy Court for the Southern District of New York. The New York Times profiles turnaround expert Wilbur L. Ross Jr.more »

Internal Investigative Services
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Former SDNY Prosecutor Anthony S. Barkow Joins Jenner & Block's New York ...
MarketWatch (press release)March 5, 2012

Mr. Barkow's practice will focus on representing entities and individuals in criminal and regulatory investigations and proceedings as well as internal investigations and other litigation matters. "We are excited to welcome Tony back to Jenner & Block ...more »

Commercial Leasing
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Public Notices, March 1
San Fernando Valley SunMarch 1, 2012

This amount includes storage charges, publication charges, attorneys fees, incidental and/or transportation charges. Additional amounts incurred may be added to this amount, as provided in the Commercial Code. Dowdall Law Offices, APC; Robin G. Eifler, ...more »

International Transactions
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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 »

Communications & Media
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Yahoo's Latest Act Of Desperation Is Stupid As Well As Dishonorable (YHOO)
San Francisco ChronicleMarch 1, 2012

This is a cynical manipulation of a broken law. This is squeezing blood from stone. The word in Silicon Valley is that new Yahoo CEO Scott Thompson is engaging in this patent trolling in order to placate activist shareholder Dan Loeb, who launched a ...more »

Alabama Bill Would Require Licensing of Public Adjusters
ClaimsJournal.comMarch 5, 2012

Unlike most states, Alabama law is silent on whether homeowners with a damage claim can enlist the service of a public adjuster to handle their claim as opposed to waiting for their insurance company's adjuster. As a result, no one knows how many ...more »

Construction & Development
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Pebble Partnership appoints Chief Operating Officer
MarketWatch (press release)March 1, 2012

VANCOUVER, March 1, 2012 /PRNewswire via COMTEX/ -- Northern Dynasty Minerals Ltd. ("Northern Dynasty" or the "Company") (TOR:CA:NDM) (ASE:NAK) is pleased to announce that the Pebble Limited Partnership (the "Pebble Partnership" or "PLP") has appointed ...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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How to determine if you need to consult with an attorney before signing a contract
Smart Business NetworkMarch 1, 2012

Smart Business spoke with Ludden about common trouble spots in contracts and what measures a business owner should take before entering into any agreement. Is it ever alright to sign a contract without consulting an attorney? Law is a lot like medicine ...more »

Mergers, Acquisitions & Divestitures
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Deals of the Day: Greg Smith Addition (And Some NCAA)
Wall Street Journal (blog)March 15, 2012

By David Benoit Deals of the Day compiles this morning's biggest news about mergers and acquisitions, banking, bankruptcy and more. Catch us on Twitter, @WSJDealJournal. Cisco's TV deal: Cisco Systems is nearing a deal to acquire digital-television ...more »

Controlled Substances Law
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Drug-Free Workplace Act: compliance tips
Business Management DailyMarch 7, 2012

Failure to comply with the law's requirements also can lead to debarment from participation in future contract or grant activity. If debarment proceedings are instituted and a final decision is made to debar an employer, the contractor, individual, ...more »

Mortgages & Foreclosures
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SEC obtains asset freeze against Long Island investment adviser
HedgeWeekMarch 7, 2012

Instead, Callahan diverted investor money to his brother-in-law's beach resort project that was facing foreclosure, and in return received unsecured, illiquid promissory notes. Callahan also used investor funds to pay other investors and make a down ...more »

Corporate Finance & Taxation
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Final Spasm: Greco-Teutonic Tax Wrestling
Business InsiderMarch 1, 2012

In Greece, three-quarters of the independent professionals, such as doctors, lawyers, and engineers, declare taxable income below the existential minimum, according to a leaked paper by the EU Commission. Tax fraud amounts to about €20 billion per year ...more »

Non-Profit Corporations
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Grimes makes campaign backers Kentucky Colonels, thanks them on state stationery
Louisville Courier-JournalMarch 2, 2012

Today, the organization is incorporated as a charitable organization with by-laws directing it to be nonpartisan, nonprofit and dedicated to good works within the Commonwealth. Over the years, the Colonels have contributed millions of dollars to worthy ...more »

Creditor's Rights
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Wells Fargo Bank, NA vs Moody
Farmington IndependentMarch 1, 2012

THE RIGHT TO VERIFICATION OF THE DEBT AND IDENTITY OF THE ORIGINAL CREDITOR WITHIN THE TIME PROVIDED BY LAW IS NOT AFFECTED BY THIS ACTION. MORTGAGOR(S): Kristin R. Moody, a single person to pay the debt secured by said mortgage and taxes, if any, ...more »

Professional Corporations
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Grupo Aeroportuario Del Pacifico, SAB de CV Announces Annual General Ordinary ...
MarketWatch (press release)March 1, 2012

... Section XI of Mexican Securities Market Law and Section 172 of the Mexican General Corporations Law, together with the external auditor's report on the financial statements of the Company and its subsidiaries. b) The Board of Directors' comments to ...more »

Customs Disputes
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Yuet Ming Tham Joins Sidley Austin's Hong Kong Office
EON: Enhanced Online News (press release)March 6, 2012

HONG KONG--(EON: Enhanced Online News)--International law firm Sidley Austin is pleased to announce that Yuet Ming Tham has joined the firm's Arbitration, Litigation and Regulatory Group as a partner in the Hong Kong office. Ms. Tham's practice focuses ...more »

Public Offerings
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Timeshare resellers rarely deliver on promises, usually escape punishment ...
Tampabay.comMarch 4, 2012

The state Attorney General's Office received 964 complaints against Florida timeshare resale companies in 2008. Then 2929 in 2009. Then 12257 in 2010. Last year, even with a dip in calls, Florida's fraud hotline fielded more complaints about timeshare ...more »

Debt Collection
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Global ARM News: Aktiv Kapital Buys Huge Debt Portfolio; EOS Group Opens ...
InsideARMMarch 1, 2012

European debt buyer and collection firm Aktiv Kapital announced Wednesday that it had purchased a large portfolio of non-performing consumer loans originated in the United Kingdom. The Oslo, Norway-based ARM firm said that the portfolio has a face ...more »

Reorganizations & Restructuring
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Pemco World Air Services files for Chapter 11 bankruptcy
Tampabay.comMarch 6, 2012

According to a company statement, the bankruptcy protection will allow Pemco to restructure and reorganize in order to meet its financial obligations to employees and creditors. The statement said the company expects to "emerge as a stronger and more ...more »

Debt Settlement
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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 »

State & Minicipal Bonds
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Bill Carter Named New President and CEO of ALM
MarketWatch (press release)March 5, 2012

Carter joins ALM from Thomson Reuters, where he was senior vice president of the Small Law Business Unit for the past two years and led its successful reorganization and growth. He has also driven significant value creation as a senior executive at ...more »

Directors' & Officers' Liability
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Chartis to Shield Company Heads
AllAfrica.comMarch 1, 2012

Chartis Insurance Company yesterday launched the directors' and officers liability insurance that will cover costs arising from claims such as bankruptcy, insolvent trading, employee dismissal or claims of discrimination, breach of fiduciary duty and ...more »

Trade Associations
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Germany fully backs EU law on airline carbon cost
ReutersMarch 5, 2012

The European Union's requirement that all airlines buy carbon allowances to offset flights that use EU airports has stirred threats of a trade war, with the potential to disrupt global air traffic. The European Commission has said it is willing to ...more »

False Advertising
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5 mechanics fired after report on NYC elevator accident that crushed ...
Washington PostMarch 1, 2012

NEW YORK — Five elevator mechanics who were on duty when an advertising executive was crushed to death were fired Wednesday, two days after city investigators said a key safety system was disabled during the elevator accident, the workers' employer ...more »

Unfair Competition
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Food Vendors Complain of Unfair Competition in Mwanza
AllAfrica.comMarch 9, 2012

I believe this trend is contributed highly to increased unfair competitions," says another vendor. The Ilemela vendors say that many people at Mwaloni prefer buy 'ugali' and 'dagaa' (sardines). Mrs Hija Shaaban (40), a resident of Kirumba area, ...more »

Federal Contracts
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Planning for Lawyers
Financial-Planning.comMarch 1, 2012

There are a variety of arrangements that may include a wide variety of of-counsel arrangements, contract partner (perhaps not equity sharing), and a multitude of tiers of partnerships. The determination of what your lawyer-client will be entitled to in ...more »

Venture Capital
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RelayRides Launches First Nationwide Peer-to-Peer Car Sharing Marketplace
MarketWatch (press release)March 5, 2012

RelayRides is backed by over $13M in venture capital funding from leading investors, including Google Ventures and GM Ventures. "Since the day we first launched in Boston, we have received thousands of requests to expand into more communities," said ...more »


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