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

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TEXT: S&P Assigns Bellisio Foods Inc. 'B' Issue-Level Ratings
ReutersMarch 1, 2012

We are withdrawing the ratings on the company's prior senior secured credit facilities, as well as our preliminary 'B' corporate credit rating on Bellisio Parent LLC, Bellisio Foods Inc.'s new parent company, following our review of the final legal...more »

Flint Waters
Government TechnologyMarch 1, 2012

At the time, Waters was a police investigator and chief of Wyoming's Internet Crimes Against Children (ICAC) task force. He was there to discuss software he developed to track down online predators by identifying computers that were trading child ...more »

Business Law News and Stories

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SW24 Hosting Small Business Security Seminar in Newark March 14th
Sacramento BeeMarch 1, 2012

Scheduled speakers include John Colgan, EVP SW24, retired NYPD Assistant Chief and former Commanding Officer of the NYPD Counterterrorism Bureau; Ann Harkins, President and CEO of the National Crime Prevention Council (NCPC) and a number of other ...more »

Federal Grants
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Judicial Activism versus Restraint?
Jewish ExponentMarch 1, 2012

And just last week, it ruled that the Tal Law, which grants exemptions to haredi Orthodox Israelis from Israel's military draft so they can study in yeshiva, is unconstitutional. These are just some of the Israeli Supreme Court decisions that have ...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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Keating Capital Reports Q4 and Full Year 2011 Results
MarketWatch (press release)March 1, 2012

GREENWOOD VILLAGE, Colo., Mar 01, 2012 (BUSINESS WIRE) -- Keating Capital, Inc. (the "Company") will host a conference call on Wednesday, March 7, 2012, at 4:00 pm Eastern Time to review portfolio company investments and financial results for the ...more »

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DineEquity, Inc. Announces Solid Fourth Quarter and Fiscal 2011 Results
MarketWatch (press release)March 1, 2012

"Today, at 95% franchised, we are unique in the full-service restaurant segment. Our business model generates strong free cash flow with substantially reduced volatility. We remain focused on delivering value, innovation and operational excellence to ...more »

Banking Law
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Doctor accused of fraud pocketed $19M, US authorities say
London Free PressMarch 1, 2012

The FBI seized records at Roy's home showing he had several offshore bank accounts, including one with the Royal Bank of Canada in the Cayman Islands that was created using a false identity - Michel Alphonse Poulin - back in 1995. Royal Bank of Canada ...more »

Gaming Law
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Casino companies push for US rules on Web gaming
Las Vegas Review - JournalMarch 6, 2012

Halkyard described any state-by-state push to legalize online gaming as a "patchwork set of regulations that is confusing to customers and law enforcement." He said the Las Vegas-based company supports a federal effort to define online gaming and to ...more »

Business Formation
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ACH Fraud and the Courts
GovInfoSecurity.comMarch 1, 2012

That recommendation was later affirmed by a District Court judge. But PATCO appealed the ruling, and Mark Patterson, co-owner of PATCO, this week says the case is expected to appear before an appellate court sometime next month.more »

Government Construction Contracts
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Santa Fe Springs ready to seek bids for Valley View bridge project
Los Angeles Wave NewspapersMarch 1, 2012

SANTA FE SPRINGS — Construction of the long-planned Valley View Avenue/Stage Road grade separation is expected to start in June following action by the City Council to award a construction contract in April, according to Public Works Director Don ...more »

Business Law
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Legislation touted as way to clean up time-share resale industry
Tampabay.comMarch 18, 2012

A salesman cannot state or imply that his company's advertising has generated sales or rentals for customers unless he can provide documentation to substantiate his sales pitch. The legislation overwrites a 2009 law that also required time-share resale ...more »

Institutional Investing
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Firm Capital Mortgage Investment Corporation Announces Increase to Its Bought ...
Marketwire (press release)March 2, 2012

Firm Capital Mortgage Investment Corporation ("the Corporation") (TSX:FC) is pleased to announce that it will increase its previously announced offering of common shares (the "Shares") and 5.25% convertible unsecured subordinated debentures due March ...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 »

Appeals court to hear challenges to Ala., Ga. immigration laws
Montgomery AdvertiserMarch 1, 2012

Mexico said in a brief opposing Georgia's law that it would strain diplomatic relations between the US and Mexico, "interfering with the strategic diplomatic interests of the two countries and encouraging an imminent threat of state-sanctioned bias or ...more »

Commercial Bankruptcy
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Derecktor's financial problems hit New York
Ct PostMarch 1, 2012

He said bankruptcies in two states, a turbulent history marked at times by adversarial dealings with ports and customers, combined with a bad bet on the direction of business, means the company won't be returning to the Bridgeport Shipyard at 837 ...more »

Internal Investigative Services
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Filings show police investigated Alaska officer
Fox NewsMarch 4, 2012

Christine Schleuss, a lawyer for five of the nine women involved in the suits, said she's seeking information beyond the summaries of internal investigation reports provided to her. "However, incomplete as they are, they describe (the city's) pattern ...more »

Commercial Leasing
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COMMERCIAL REAL ESTATE: 5 Tenant Considerations Prior to Executing a Lease
Our Colorado NewsMarch 1, 2012

Matt Call is the co-founder and principal of NavPoint Real Estate Group. Matt brings a wealth of commercial real estate industry expertise having spent the previous four years as director of commercial real estate services for a boutique firm serving ...more »

International Transactions
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Companies Bill 2011: key changes from an M&A perspective
International Law OfficeMarch 7, 2012

It is also unclear how such cross-border mergers will be affected by other laws, such as the antitrust laws, both of India and of the other jurisdiction in question. For example, should notification of the merger become mandatory, necessitating prior ...more »

Communications & Media
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Israel Raids Unlicensed PA TV Stations
Christian Broadcasting NetworkMarch 1, 2012

Prime Minister Salam Fayyad called the raids "oppressive and monstrous" and "acts of piracy" that violated "all international laws," the Palestinian Ma'an News Agency reported. Fayyad called on the stations to resume broadcasting "today, ...more »

Change in licenses threatens Tokyo's cat cafes
ITNMarch 1, 2012

A change in licensing laws is threatening an unusual niche in Tokyo's night life - the cat cafe. The government has introduced legislation which will ban the public display of cats or dogs outside of the hours of 8am and 8pm, in an effort to crack down ...more »

Construction & Development
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More asbestos claims filed in St. Louis Circuit Court
Madison County RecordMarch 1, 2012

Steven M. Aroesty of the Napoli, Bern, Ripka, Shkolink law firm in Edwardsville brought the suit on behalf of the Williams. Randy L. Gori and Barry Julian of Gori, Julian and Associates brought the suit on behalf of the Buckelews and the Lemoines.more »

Locating Funds
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Political donors got plenty of PennDOT's federal stimulus aid
Pittsburgh Tribune-ReviewMarch 4, 2012

Pennsylvania law prohibits corporations from donating money directly to candidates. Trumbull and PennDOT officials said low bids, not campaign donations, determined who received the largest helpings of the stimulus windfall.more »

Contracts Involving State & Minicipality
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Stockton mediation first case under new law
Monterey County HeraldMarch 1, 2012

Mark DeSaulnier, D-Concord, sought to require municipalities to get approval from a state panel — the California Debt and Investment Advisory Commission — before filing in bankruptcy court. Cities, counties and taxpayer advocate groups criticized ...more »

Mergers, Acquisitions & Divestitures
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Cotton Creek Capital Adds Senior Associate
Private Equity Hub (press release)March 5, 2012

Dallas-based buyout shop Cotton Creek Capital has named Lee Rash a Senior Associate with the firm Rash was previously an associate in the Mergers and Acquisitions Advisory Group at Blackstone. Cotton Creek Capital, a Dallas-based private equity firm, ...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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Legislature: Some bills survive, hundreds die on last night of session
Naples Daily NewsMarch 10, 2012

A bill to allow state agencies to randomly drug test their employees. The bill was controversial and opposed by public-worker unions and some Republicans. Scott tried to enforce the measure but faced court challenges. ■ Two property tax cuts that will ...more »

Corporate Finance & Taxation
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Governor signs private school tax credit bill into law
Tucson CitizenMarch 1, 2012

Private-school scholarship contributions do not go directly from the state to a private school. To avoid constitutional prohibitions, the original 1997 tax-credit law created private non-profit school-tuition organizations, or STOs, to collect the ...more »

Non-Profit Corporations
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Comal Cops for Kids gives $15000 more to CAC
Herald ZeitungMarch 3, 2012

Comal Cops for Kids is a non-profit organization with a fundraising mission that benefits other charitable organizations that support law enforcement efforts to better serve the children of Comal County. The CAC of Comal County is a non-profit...more »

Creditor's Rights
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Mortgage Electronic Registration Systems, Inc. vs Villaume
Farmington IndependentMarch 1, 2012


Professional Corporations
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Thurgood Marshall Jr. on Genesco board
The TennesseanMarch 2, 2012

“He brings to the company valuable perspectives gained from his broad experience in business, public service and the law..." Once a major shoe manufacturer, the publicly traded Genesco now is a specialty retailer selling footwear, headwear, ...more »

Customs Disputes
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Holder questioned about Agent Zapata murder's link to Fast & Furious
Canada Free PressMarch 1, 2012

On Tuesday, Attorney General Eric Holder once again testified before the House Oversight Committee about revelations that officials at the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) were aware of straw buying by Mexican ...more »

Public Offerings
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LePage's lawyer argues against mural in court
Morning SentinelMarch 1, 2012

Deputy Attorney General Paul Stern argued that the governor clearly had the right to remove the pro-labor mural from the lobby of the office building in Augusta last year. The state hired the artist, paid for the mural and helped to direct its content, ...more »

Debt Collection
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Facebook Eyed By Banks For Preferred Customer Treatment, Rewards
Huffington PostMarch 1, 2012

The only thing stopping banks from putting your Facebook page into your credit file is the law. But even that line is growing blurrier. One new bank says it will offer better rates to those with more Facebook friends. "[It is about] trying to convert ...more »

Reorganizations & Restructuring
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City mulls restructuring committee
The Shawano LeaderMarch 1, 2012

By Lee Pulaski The city of Shawano might reorganize its Field Committee next week to give citizens more power over public works decisions. The committee consists of three city aldermen, two citizens and Mayor Lorna Marquardt, ...more »

Debt Settlement
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Lehman Brothers Holdings Pays Bankruptcy Advisers $20 Million in January
BloombergMarch 1, 2012

The bankrupt firm and its affiliates held $27.4 billion in cash as of Jan. 31. Lehman Brothers Chief Executive Officer Bryan Marsal's firm receieved $512 million in fees from the estate of the defunct bank since 2008. Law firm Weil Gotshal & Manges LLP ...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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Google Driverless Cars Get Boost in California
BusinessWeekMarch 1, 2012

The laws may “provide that boost and regulatory certainty that companies need to develop their products,” said Gary Marchant, director of the Center for the Study of Law, Science and Innovation at Arizona State University (18532MF) in Tempe.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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Google's privacy policy 'in breach of European law'
Irish IndependentMarch 2, 2012

By Peter Flanagan EUROPEAN data-protection agencies have concluded Google's new privacy policy is in breach of European law, EU Justice Commissioner Viviane Reding said yesterday. France's data-protection watchdog, the CNIL, has also cast doubt on the ...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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It is illegal for FEC to be awarding contracts…...
CHANNELSMarch 1, 2012

This became necessary as the Senate was told it is illegal for the Federal Executive Council (FEC) to be awarding contracts, instead of the Council of Public Procurement as stipulated by the Public Procurement Act. Members of the Senate made the call ...more »

Venture Capital
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Intel Capital Creates $100M Fund For Automotive Tech Companies
VC CircleMarch 1, 2012

Venture capital firm Intel Capital has announced that it will invest $100 million globally in the automotive industry to help accelerate innovation and adoption of new technologies and services in this segment. The Intel Capital Connected Car Fund will ...more »


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