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

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•4 killed as sect bombs Maiduguri •Nobody died —JTF •NYSC stops posting of ...
Nigerian TribuneMarch 1, 2012

OPERATIVES of the dreaded Islamic militant sect, Boko Haram are said to have started combing fertiliser markets in search of materials to be used for bombs following the decision of security agencies to tighten rules on use of dynamites and explosives.more »

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 »

Business Law News and Stories

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

"We should be spending three times as much on advertising to bring fraud to public light." Phillips noted that when people type "false claims" or "whistleblower" into a search engine, they're probably already pretty sophisticated.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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Eminent Domain Law Could Raise Pricetag for Transportation Projects
Williamsburg Yorktown DailyMarch 2, 2012

On Wednesday, the House of Delegates passed, in a 77-19 vote, an accompanying bill that would give businesses the ability to sue state and local government agencies for lost profits resulting from eminent domain or public projects that damage or close ...more »

Foreign Investments
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Biosimilars: Big Pharma's Next Big Thing?
Motley FoolMarch 1, 2012

In line with the healthcare reform law, the FDA recently released a list of guidelines for the creation of biologically similar versions of these drugs. Biosimilars, as they are called, will most certainly be a blessing for patients being treated with ...more »

Franchising
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Starting a Small Business in Florissant: Opening a Franchise
Patch.comMarch 1, 2012

"Florissant Patch" rounds up the facts on franchise ownership and shares advice from the city's director of economic development. By Angela Atkinson Are you considering starting a small business in Florissant? Consider a franchise opportunity.more »

Banking Law
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Former Bank Employee Pleads Guilty to $540000 Embezzlement, Tax Fraud
PressZoom (press release)March 1, 2012

... Attorney for the Western District of Missouri, announced that a former employee of Jefferson Bank in Jefferson City, Mo., pleaded guilty in federal court today to embezzling more than $540000 from the bank and another employer and to tax fraud.more »

Gaming Law
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Tech Stocks Slip as Zynga Gets Downgraded
Wall Street JournalMarch 5, 2012

Zynga skidded 6% to $13.78, having gained nearly 12% over the previous two sessions as the company announced coming beta trials for an online platform that would allow users to play its games outside of Facebook, which hosts the bulk of the company's ...more »

Business Formation
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55 People Indicted in California-Based Federal Tax Fraud Scheme
DigitalJournal.com (press release)March 1, 2012

55 individuals were recently indicted for tax fraud in California. The federal government takes these charges very seriously. The individuals face many years in prison if convicted. March 01, 2012 /24-7PressRelease/ -- Though tax fraud schemes are ...more »

Government Construction Contracts
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Abia awards N7.6b road contracts
The Nation NewspaperMarch 1, 2012

By Ugochukwu Eke, Umuahia 1 hour ago The Abia State Government has said it awarded contracts for the construction of roads and the rebuilding of some parts of the Ohafia military barracks to the tune of N7.6b to several construction companies, ...more »

Business Law
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Under Pressure Business Drivers Ignore the Law to Meet Business Appointments
PR Web (press release)March 16, 2012

Business Car Manager have recently conducted a study to see whether business drivers ignore the law when they are under pressure to get to business appointments. WORK pressures in the post recession economy – meeting appointments, squeezing more from ...more »

Institutional Investing
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Prevention Funding: One Step Forward, Two Steps Back
Health Affairs (blog)March 1, 2012

The prevention cornerstone of the health reform law is the Prevention and Public Health Fund, a historic multiyear commitment to invest in the capacity of public health systems and engage communities in ways that allow making the healthy choice the ...more »

Commercial
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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 »

Political reform: new laws, new parties
The Voice of RussiaMarch 3, 2012

In addition, the president can lose confidence in a governor if he turns out to be corrupt or if his and the president's interests clash. These provisions of the law on governor elections make it possible for the people to monitor the activities of ...more »

Commercial Bankruptcy
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Missouri Bankruptcy Attorney Announces Increase in Missouri Bankruptcies
PR Web (press release)March 1, 2012

The Missouri Bankruptcy Center Offers Several Bankruptcy Services. Experienced Bankruptcy Lawyers in Missouri Continue to Offer Help For People Struggling With Their Finances. There are individuals and families that are struggling financially and ...more »

Internal Investigative Services
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UCDD moving forward despite investigations
Cookeville Herald CitizenMarch 11, 2012

One thing that raised concerns with TCAD involves the guardianship program. The guardianship program is a state funded program to help people who cannot make their own financial or medical decisions on their own and who also does not have a family ...more »

Commercial Leasing
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Arctic Ocean drilling: Shell launches preemptive legal strike
Los Angeles TimesMarch 1, 2012

In a petition for declaratory relief filed in US District Court in Anchorage, the oil giant seeks to have the court rule that the US government complied with federal law when it approved Shell's oil spill response plan for upcoming exploratory ...more »

International Transactions
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Golfsmith Announces Fourth Quarter and Fiscal Year 2011 Preliminary Earnings ...
MarketWatch (press release)March 1, 2012

The Golfsmith International Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=9492 This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E ...more »

Communications & Media
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Young Women's Health Care Needs Are No Laughing Matter
Media Matters for AmericaMarch 1, 2012

Right-wing media are now resorting to mocking female college students' health care needs and their call that religiously affiliated colleges and universities provide access to contraceptives. But studies have found that numerous benefits (medical, ...more »

Immigration law puts school play on hold
WALA-TV FOX10March 12, 2012

A public high school has put the production of "You're a Good Man, Charlie Brown" on hold after a New York licensing house that owns the rights to the play refused to submit a document required under the immigration law. The licensing company ...more »

Construction & Development
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Inland American Communities Group, Inc. Reaches Construction and Leasing ...
MarketWatch (press release)March 1, 2012

The five-story, 416-unit development sits on a 9.93-acre site purchased by Inland American Communities in 2008. UH Central Florida offers cutting-edge amenities, including fully-furnished apartments, a fitness center, multimedia lounge, swimming pool ...more »

Locating Funds
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Prevention Funding: One Step Forward, Two Steps Back
Health Affairs (blog)March 1, 2012

The prevention cornerstone of the health reform law is the Prevention and Public Health Fund, a historic multiyear commitment to invest in the capacity of public health systems and engage communities in ways that allow making the healthy choice the ...more »

Contracts Involving State & Minicipality
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DREZ folks buck reps
Nashoba PublishingMarch 2, 2012

The move would also create the state's 352nd municipality. The state has not incorporated a new municipality since 1920 when the town of East Brookfield in Worcester County ceded from Brookfield. Devens resident Brian McNulty was not pleased with the ...more »

Mergers, Acquisitions & Divestitures
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Platinum Equity Completes Acquisition of DMS Health Technologies
MarketWatch (press release)March 1, 2012

About Platinum Equity Platinum Equity ( www.platinumequity.com ) is a global M&A&O(R) firm specializing in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, ...more »

Controlled Substances Law
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Unalaska Police Beat
Bristol Bay TimesMarch 16, 2012

Jacob L. Arrington arrested on a warrant, misconduct involving a controlled substance in the 4th degree. EMS personnel provided care and transport for a patient who may have overdosed on prescription medication. UDPS received second-hand information ...more »

Mortgages & Foreclosures
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Barry Ritholtz: Foreclosure settlement an epic failure of law
Capital Times (blog)March 3, 2012

NEW YORK — After many months of wrangling, a foreclosure settlement has been reached between 49 state attorneys general and a consortium of banks. It is an epic failure of law and a triumph for bank attorneys. It will accomplish little of value.more »

Corporate Finance & Taxation
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Welcome to even more taxing times in Winnipeg
Winnipeg Free PressMarch 1, 2012

After all, she always said the city would have to hike property taxes -- in fact, she pledged to do that -- which, undoubtedly, cost her votes, if not the election. So on Wednesday, the day after the city's 2012 operating budget was laid out like a ...more »

Non-Profit Corporations
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US judge hears registration groups' case against voter sign-up law
Palm Beach PostMarch 2, 2012

The league and fellow plaintiffs Rock the Vote and the Florida Public Interest Research Group Education Fund are requesting a preliminary injunction against a state law enacted last year (HB 1355) that they say "unconstitutionally and unlawfully" makes ...more »

Creditor's Rights
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Get started 'On' Mar. 1: Bernanke warns of continued economic strife, small ...
Washington Post (blog)March 1, 2012

1: Bernanke warns of continued economic strife, small firms struggling to afford bankruptcy By JD Harrison Our daily blend of the latest news, trends and tips for the small business community. Fed Chairman Ben Bernanke delivered the semi-annual ...more »

Professional Corporations
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Fortegra Financial Corporation Reports Fourth Quarter and Full Year 2011 Results
MarketWatch (press release)March 1, 2012

About Fortegra Fortegra Financial Corporation is an insurance services company that provides distribution and administration services and insurance-related products to insurance companies, insurance brokers and agents and other financial services ...more »

Customs Disputes
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International Trade Commission Sees Record Patent Claims in 2011
Corporate CounselMarch 1, 2012

Decisions of an ITC administrative law judge are subject to review by the full six-member commission and the White House. All decisions can be appealed in federal court. The number of filings averaged around a dozen a year in the late 1990s, ...more »

Public Offerings
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Man cleared of murder in '66 shooting gets parole
Minnesota Public RadioMarch 2, 2012

The parole board interviewed Barnes at Graterford State Prison this week and filed paperwork on Wednesday approving his release, his attorney Sam Silver said. "We're pleased that the board has made what we believe is very much the correct decision," ...more »

Debt Collection
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Rock Hill debt collection company adding 100 positions this year
The RepublicMarch 2, 2012

Williams and Fudge specializes in collecting student loans and related debt. The firm does not collect the federally backed student loans but focuses on loans made directly by colleges to their students, as well as unpaid fines such as parking tickets.more »

Reorganizations & Restructuring
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Greek 2023 Bonds Yield More Than 2042 Securities on Debt Concern
San Francisco ChronicleMarch 13, 2012

... nation's restructuring, showing investors remain concerned it may fail to control its debt load. Bondholders last week wrote off more than 100 billion euros ($131 billion) on their Greek investments, the largest sovereign reorganization in history.more »

Debt Settlement
[read all news]
Martina Minerals Corp. Announces TSXV Approval of Proposed Debt Settlement...
MarketWatch (press release)March 2, 2012

Martina has agreed to issue a total of 3266666 shares and 2666666 warrants in settlement of an aggregate of $254370 of outstanding debt owing in respect of legal, book-keeping and administrative services rendered to the Company.more »

State & Minicipal Bonds
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Full Metro Business Calendar for March 5
Richmond Times DispatchMarch 5, 2012

"40 Great Things to Know Before Buying a Franchise," workshop led by franchise attorney Eric Perkins of Perkins Law, 9 to 11 am, 4870 Sadler Road, Suite 300 (Overlook II building). Cost_ $49 per person. Advance registration required_ or (804) 205-5162.more »

Directors' & Officers' Liability
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AM Best Revises Outlook to Negative for Minnesota Lawyers Mutual Insurance Company
MarketWatch (press release)March 1, 2012

OLDWICK, NJ, Mar 01, 2012 (BUSINESS WIRE) -- AM Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of A- (Excellent) and issuer credit rating of "a-" of Minnesota Lawyers Mutual Insurance Company (MLM) ...more »

Trade Associations
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For struggling Florida litigants, changing the law is an easier option
MiamiHerald.com (blog)March 4, 2012

Two years ago, a powerful business trade group filed a lawsuit against the state's largest county, Miami-Dade, arguing that its program to help workers recover unpaid wages was unconstitutional. But with the case still being fought in court, ...more »

False Advertising
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Facebook rolls out new advertising tools
Economic TimesMarch 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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Antitrust Fight in Magazine Audience Research
Courthouse News ServiceMarch 12, 2012

"Only by misappropriating Affinity's trade secrets and confidential information and abusing its position of trust was GfK MRI able to circumvent years of research and development and immediately enter the magazine advertising effectiveness research ...more »

Federal Contracts
[read all news]
Robo-call controversy focuses attention on massive database
Globe and MailMarch 1, 2012

The CIMS is a massive database with information on millions of Canadians. It was started from scratch after the Reform Party and the federal Tories merged to form the Conservative Party of Canada in 2003. All parties use databases to track supporters, ...more »

Venture Capital
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Speed-dating for startups — New venture helps coders and entrepreneurs find ...
Peninsula PressMarch 2, 2012

(Photo: Kate Abbott/ Peninsula Press) In Silicon Valley, much attention is given to those companies seeking venture capital funds. But much energy goes into the development of a company before financing is even a question. For many Stanford students ...more »

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