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

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Stanislaus County Sheriff: Pot Farms Increasing Problem
KCRA SacramentoMarch 1, 2012

Stanislaus County Sheriff Adam Christianson applauds the US Attorney's announcement that it will be working with local law enforcement to further crack down on marijuana farms. Sheriff Christianson said the Stansilaus Drug Enforcement Agency, ...more »

Obama Again Takes a Pass on Trying to Weaken Iran
American Thinker (blog)March 1, 2012

Back to the Kirk-Menendez legislation. There was a deadline regarding one of the provisions. The Obama administration had until today to decide whether to impose sanctions on firms cooperating with Iran's Central Bank. They ignored the deadline (an apt ...more »

Business Law News and Stories

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Law students: Get blogging
The National Law JournalMarch 2, 2012

There has been a rising controversy about the utility of a traditional law school education. Lawyers finish school prepared to think like lawyers, but are they prepared to develop business and survive in a competitive economy? Well, no, not usually.more »

Federal Grants
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Dung woman to be charged with fraud
Times LIVEMarch 4, 2012

Khumalo, 45, appeared in the Kwamsane Magistrate's Court, about 200km north of Durban, on Friday and was granted R500 bail. The case was postponed to Wednesday for further investigation. Allegations in the police docket and court papers say Khumalo, ...more »

Antitrust Law, Domestic
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Competition Act threshold is increased
International Law OfficeMarch 1, 2012

Under the Competition Act - Canada's antitrust law - there is a two-part test for determining whether a pre-merger notification is necessary. The test is based on the size of the parties and the size of the transaction. Under the size of the parties ...more »

Foreign Investments
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New investment practices 1, 2012

Jonathan Lea, solicitor with law firm Bargate Murray, looks at how new government schemes could aid start-up development and the legal considerations that need to be addressed. The new Seed Enterprise Investment Scheme (SEIS) that will come into ...more »

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Stagecoach boosted by British rail growth
ReutersMarch 1, 2012

Like-for-like revenue at Stagecoach's UK rail business, which includes London commuter franchise South West Trains, grew 9.5 percent in the 40 weeks to February 5. Virgin Rail Group achieved an 8.9 percent jump in like-for-like revenue in the same ...more »

Banking Law
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New Developments In North Texas Healthcare Fraud Case
CBS LocalMarch 1, 2012

One day after Roy appeared in court, records show agents are also taking Roy's two sailboats, and his bank accounts. The US Attorney in Dallas, Sarah Saldana, says in general they pursue defendants' assets because they often can't recover cash.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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Miami Valley crime lab losing business to state
Dayton Daily NewsMarch 1, 2012

The Ohio Bureau of Criminal Identification and Investigation (BCI) provides free testing for police, sheriff's departments and prosecutors at its laboratory in London. For some jurisdictions, the transportation costs involved in using the London lab ...more »

Government Construction Contracts
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Ahead of the Bell: Construction spending
CBS NewsMarch 1, 2012

Spending on single-family homes, commercial buildings, and government construction projects all rose. Despite the gain, the spending pace is only 7 percent above the post-recession low and nearly 33 percent below the peak reached during the housing ...more »

Business Law
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Senate Prepares to Debate So-Called Small-Business Bill
New York Times (blog)March 19, 2012

Indeed, on Thursday, Senators Mary Landrieu of Louisiana, Carl Levin of Michigan, and Jack Reed of Rhode Island introduced what they called the INVEST Act (for “The Invigorate New Ventures and Entrepreneurs to Succeed Today in America Act of 2012″).more »

Institutional Investing
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Tortoise Pipeline & Energy Fund, Inc. Provides Unaudited Balance Sheet ...
MarketWatch (press release)March 1, 2012

29, 2012, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company's asset coverage ratio under the 1940 Act with respect to senior securities ...more »

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US Seeks Repeal of Trade Bar to Aid Farmers
The Moscow TimesMarch 1, 2012

The Obama administration is pressing Congress to throw out the Soviet-era Jackson-Vanik amendment to restrict trade with Russia, making a plea on behalf of US farmers and manufacturers. The United States will seek to repeal the law "as soon as ...more »

First Uranium announces the sale of all of its principal operating assets ...
MarketWatch (press release)March 2, 2012

... subject to the fulfillment of a number of conditions precedent including: (a) approval of the AGA Transaction by the shareholders of the Company; (b) release of all security against the assets of MWS including under the Secured Convertible Cdn $110 ...more »

Commercial Bankruptcy
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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 »

Internal Investigative Services
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OFL Accuses Vale of Whitewashing Investigation Into Double Fatality, Calls for ...
Business Review Canada (press release)March 3, 2012

A separate investigation conducted by the United Steelworkers (USW) that was released today found evidence of company negligence warranting a criminal investigation. "From the outset, Vale tried to restrict investigations into the tragic incident, ...more »

Commercial Leasing
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Senate approves bills benefiting MSU
Springfield News-LeaderMarch 2, 2012

Jay Nixon has been trying to follow the law by limiting the number of people appointed annually to MSU's board. “This would clear up the conflict,” Dixon said. A second bill also backed by Dixon allowing universities to lease property generated ...more »

International Transactions
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Congo's Corrupt Gold Trade
The AtlanticMarch 1, 2012

That haul could be worth three times as much if Mutombo, Lawal, and St. Mary could arrange for it to be transported out of Africa and re-sold on the international market. Mutumbo, though a humanitarian, presented this purely as an investment.more »

Communications & Media
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Law & Order: SVU Review: No Boys Allowed
TV FanaticMarch 1, 2012

It's been five years with no communication, which should have made for a good show. However, instead we were treated to uneven episode that had two competing narratives. The back and forth between the case of the abandoned child and Benson's brother ...more »

Hollywood Docket: Jimmy Buffett Settles Martiniville Flap; Pirate Bay Removes ...
Hollywood ReporterMarch 1, 2012

We're taking a trip to see what's making news in the entertainment law world ... Jimmy Buffett has settled a trademark dispute with Florida restaurant Martiniville Liquor Bar & Kitchen, which he claimed infringed his "Margaritaville" trademark.more »

Construction & Development
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Memo causes confusion about start of bullet train construction
Los Angeles TimesMarch 1, 2012

The start of construction has loomed large over the entire project. The Federal Railroad Administration has issued $3.3 billion in grants. Federal law requires that the money be spent by 2017 or forfeited. The grant agreements also set conditions that ...more »

Locating Funds
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Legislature targets funds for Planned Parenthood
TriValley CentralMarch 3, 2012

State law already prohibits using tax dollars to fund abortions, but Rep. Kimberly Yee, R-Phoenix, said the bill is needed to cut off what she called “backdoor funding” for organizations that provide abortions that are morally objectionable to many ...more »

Contracts Involving State & Minicipality
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Hank Investigates: Coakley cracks down on oil company
WHDH-TVMarch 1, 2012

Instead she says the owner cancelled her contract--and kept her money! Victim: "I want my money back! I NEED my money back." She was just one of the victims who complained to the Massachusetts Attorney General's office—which is now taking “action” ...more »

Mergers, Acquisitions & Divestitures
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Vanguard's Management Discusses Q4 2011 Earnings Results - Earnings Call ...
Seeking AlphaMarch 1, 2012

2011 was a very active and successful year for Vanguard in the acquisition front. Most notable was completing the merger of Vanguard and Encore Energy Partners. Real quickly, the first step of this transaction began in October of 2010 when we reached ...more »

Controlled Substances Law
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DC Council agenda
Washington PostMarch 14, 2012

Friday Judiciary public hearing, noon. Agenda: DC Uniform Controlled Substances Synthetic Cannabinoids Amendment Act of 2011, Bill 19-575. DC Controlled Substances Amendment Act of 2011, Bill 19-631. Criminal Code Amendments Act of 2012, B19-645.more »

Mortgages & Foreclosures
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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 »

Corporate Finance & Taxation
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Culture of tax evasion
News PakistanMarch 1, 2012

Everybody including expatriate technocrats left us in a more precarious state as far as tax evasion is concerned. A large number of seminars organized by the government, NGOs, and media but to no avail. Nobody will file their tax returns until severe ...more »

Non-Profit Corporations
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Who Knew That Cato Had Shareholders?
ForbesMarch 2, 2012

The surprise is that a nonprofit group, particularly an organization with the public influence of the Cato Institute, can have private shareholders. “You don't see 501(c)(3)s with shareholders very often,” said Jeffrey S. Tenenbaum, chairman of the ...more »

Creditor's Rights
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UK judge orders fugitive oligarch to turn himself in
ReutersMarch 1, 2012

By Kirstin Ridley | LONDON, March 1 (Reuters) - Fugitive oligarch Mukhtar Ablyazov, who is accused of embezzling at least $5 billion from his former Kazakh bank, BTA, has been ordered by an English judge to turn himself in or risk losing his right to ...more »

Professional Corporations
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General Counsel Finalist (Public - Small): Refusal to be a paper pusher makes ...
San Francisco Business TimesMarch 2, 2012

A Detroit native, Solomon began his career clerking for a federal judge in Los Angeles and spent time working in corporate law at a small tech firm. He joined San Mateo-based NetSuite, just as the cloud-based, software-as-a-service firm was looking to ...more »

Customs Disputes
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ICE makes 45 arrests in sweep of Connecticut and Massachusetts
New Haven RegisterMarch 1, 2012

By Register Staff / Contact Us HARTFORD — US Immigration and Customs Enforcement, working with other law enforcement organizations, arrested a total of 45 previously-convicted “criminal aliens” in a four-day sweep in Connecticut and Massachusetts, ...more »

Public Offerings
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Vermont attorney general investigates Vernon clerk
BurlingtonFreePress.comMarch 5, 2012

The Vermont Attorney General's Office is investigating unspecified complaints filed against longtime Vernon Town Clerk Sandy Harris as she prepares to run for the Selectboard on Tuesday. "I have not done anything wrong that I know of.more »

Debt Collection
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Florida Bankruptcy Attorney Publishing Article on Using REST Report to ...
PR Web (press release)March 2, 2012

The managing partner of the bankruptcy law firm of Cox & Sanchez, Thomas F. Cox, has had an article accepted for publication by the St. Petersburg Bar Association publication, "Paraclete-The Magazine for the Legal Profession.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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Keep the Gila Wild and Flowing Free in NM
Fly Rod & Reel Magazine (blog)March 1, 2012

Last week, I participated in the New Mexico First Town Hall on the Arizona Waters Settlement Act. For those of you who have never heard of this federal law, its general purpose is to provide tens of millions of dollars in federal funding to help meet ...more »

State & Minicipal Bonds
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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 »

Directors' & Officers' Liability
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Watchdogs Target Insurance Brokers Cashing In On Lucrative Government Work
NJ SpotlightMarch 1, 2012

Essex County's $756450 in fees were paid without proper authorization because the Essex County Board of Freeholders failed to pass a resolution in 2009 renewing the no-bid contract that has been held by Conner Strong for the past 14 years, ...more »

Trade Associations
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Not Even Close
Center For American ProgressMarch 7, 2012

Because the Affordable Care Act regulates the entire nation's trade in health care services—approximately 17 percent of the national economy—it clearly concerns more states than one. Moreover, because the power to regulate trade in health care ...more »

False Advertising
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Legal Business Development: All Innovative Thinking Lawyers Raise Your Hands!
JD Supra (press release)March 1, 2012

But how long will you stay in what once was a perfect business model that is now past its prime? That is the question. "The music business was perfect. Radio, record chains, Rolling Stone magazine, the senior prom, limited access to recording studios, ...more »

Unfair Competition
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Competition Commission of India passes order against DLF for abusing dominant ...
Times of IndiaMarch 11, 2012

The Commission, according to an order posted on the website, directed DLF to stop imposing unfair conditions in its agreement with flat buyers. It also asked the company "to suitably modify unfair conditions imposed on its buyers, within three months ...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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Cloud-consultant Cloud Sherpas raises $20M, merges with GlobalOne
VentureBeatMarch 6, 2012

Cloud Sherpas also announced a new round of funding for $20 million from venture capital firm Columbia Capital, which the company is using to feed its rapid growth. This new round of funding is on top of Cloud Sherpa's over $5 million in angel and VC ...more »


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