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 »

Best of IMCA Brings Leading Conference Content to a Local Level
PR Web (press release)March 1, 2012

... Inc. Investment Management Consultants Association Inc. does not discriminate in educational opportunities or practices on the basis of race, color, religion, gender, national origin, age, disability, or any other characteristic protected by law.more »

Business Law News and Stories

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Pregnant surrogates 'left in the lurch' after RCMP raid fertility consultant's ...
National PostMarch 1, 2012

Although the Supreme Court of Canada struck down much of the act last year, it still bans the purchase of sperm or eggs or the services of a surrogate, prohibitions that are also part of the Criminal Code. Cpl. Glenn would not confirm or deny reports ...more »

Federal Grants
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Lennon trial QC claims bomb 'fraud'
The Scottish SunMarch 1, 2012

By GRANT McCABE A DEFENCE lawyer in the Neil Lennon bomb plot trial yesterday asked if cops or a secret organisation could have played a part in a "fraud" over suspicious parcels in the case. Donald Findlay QC raised the question to a witness as it ...more »

Antitrust Law, Domestic
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Small business community says Obama corporate tax plan will only benefit a few
Washington PostMarch 1, 2012

It may not matter. It's unlikely that the Obama proposal will become law anytime soon. A big tax law change probably won't make it through Congress in an election year. But the proposal does address some concerns of small businesses.more »

Foreign Investments
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IDZ motive was to use deep-water ports says Erwin 1, 2012

The earliest SEZs in China were set up in the 1970s and 1980s in Shenzhen, Zhuhai, Shantou and Xiamen to attract foreign direct investment. "Our purpose was to attract advanced manufacturing and beneficiation plants and in hindsight we may have spent ...more »

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Vivienne Westwood Group and Hervia agree settlement
Manchester Evening NewsMarch 1, 2012

The deal brings to a conclusion a legal wrangle which saw Hervia issued High Court proceedings for alleged breach of contract, after Vivienne Westwood sought to end the long-standing franchise agreement. It is understood a financial settlement has been ...more »

Banking Law
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Morgan Stanley, Hyposwiss, Stanford, Apple, CIFG, Cantor in Court News
BloombergMarch 1, 2012

The EPA argued in court filings that the tailoring rule is acceptable under the Clean Air Act and necessary to avoid states being overrun with permit requests. The case is Coalition for Responsible Regulation Inc. v. Environmental Protection Agency ...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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Stone Energy Corporation Announces Pricing of Private Offering of $275 Million ...
MarketWatch (press release)March 1, 2012

LAFAYETTE, La., March 1, 2012 /PRNewswire via COMTEX/ -- Stone Energy Corporation (NYSE:SGY) (the "Company") today announced the pricing of its private offering of $275 million aggregate principal amount of Convertible Notes due 2017 (the "Convertible ...more »

Government Construction Contracts
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Macomb County Executive Mark Hackel sues County Commissioners in contracting...
Detroit Free PressMarch 1, 2012

By Eric D. Lawrence The Macomb County Executive's Office sued the County Commissioners today in a dispute over contracting authority that has come to symbolize a power struggle between the two branches of government.more »

Business Law
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Franchisee Groups Support California Fair Franchising Bill
Blue MauMauMarch 15, 2012

In a surprising turn for watchers of the franchise industry, it looks like there is a wave of franchise relationship laws pushing forward. Vermont and Massachusetts will also vote on similar pieces of fair franchising legislation this year.more »

Institutional Investing
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What asset managers should know about 'toxic' securities
Pensions & InvestmentsMarch 1, 2012

Many, we suspect, will not act to realize the potential value in them before the impending expiration of limitations periods — in particular, the important six-year window for fraud and misrepresentation claims under New York common law.more »

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Oxus Gold shares soar on litigation funding deal
Proactive Investors UKMarch 1, 2012

Oxus Gold (LON:OXS) shares soared 50 per cent today as it agreed litigation funding arrangements for its US$400 million legal battle with the Uzbekistan government. It has agreed the deal with Calunius Capital, a specialist investment company that ...more »

Obama administration favors interests of plaintiffs' lawyers, says critic
Legal News LineMarch 2, 2012

The Obama administration had filed an amicus brief supporting the plaintiff's position in the case against Railroad Friction, saying that the United States had a vested interest in the scope of railroad laws and the LIA only applies to locomotives in ...more »

Commercial Bankruptcy
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AMR Wins Right To Hire Bankruptcy Advisers
CBS LocalMarch 1, 2012

FORT WORTH (AP) - American Airlines says a federal judge approved its hiring of legal, business and financial advisers to help steer the company through reorganization under bankruptcy protection. Sean Collins, a spokesman for Fort Worth, Texas-based ...more »

Internal Investigative Services
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The Williston Police Department is beset by internal strife, but a large ...
BurlingtonFreePress.comMarch 1, 2012

The town of Williston paid $12000 to former Burlington Police Chief Tom Tremblay for three intertwined internal investigations, according to bills reviewed by the Burlington Free Press. Unknown is how much the ongoing police-department strife is going ...more »

Commercial Leasing
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March is Fraud Prevention Month
Parksville Qualicum Beach NewsMarch 3, 2012

By Staff Writer - Parksville Qualicum Beach News Fraud-related offences are now thought to be as profitable as drug-related offences, estimated at between $10 and $30 billion annually in Canada by the RCMP's Commercial Crime Branch.more »

International Transactions
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Logan International Inc. Closes the Purchase of Xtend Energy Services Inc.
SYS-CON Media (press release)March 1, 2012

CALGARY, ALBERTA -- (Marketwire) -- 03/01/12 -- Logan International Inc. (TSX:LII) ("Logan") today announced that it has completed the previously announced purchase of all of the outstanding common shares of Xtend Energy Services Inc. ("Xtend").more »

Communications & Media
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PSAL Class A&B boys basketball playoff roundup: CSI/McCown nets first playoff ...
New York PostMarch 1, 2012

18 Law & Technology in the second round Friday at 5 pm MLK wraps up its year at 10-7. No. 3 Brooklyn Collegiate 83, No. 35 Bronx Science 47: Rashaad John scored 29 points, Ervin Mitchell had 24 points, 11 rebounds and six assists and Adrian Williams ...more »

REVEALED: How Giant Patent Troll Intellectual Ventures Does Business
San Francisco ChronicleMarch 2, 2012

(Turns out that Microsoft, Apple, Sony and a ton of other prominent tech companies have invested and/or taken licenses. So have a number of universities.) Robin Feldman, a law professor at UC Hastings, and lawyer Tom Ewing decided to find out more.more »

Construction & Development
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Houston Insurance Claims Lawyer Says 2011 Natural Disasters Can Lead to 2012 ...
Houston ChronicleMarch 1, 2012

Wyly said businesses and homeowners don't have to tolerate such treatment. “Our law helps Texans fight for proper responses to first-party insurance claims involving residential property damage, commercial property losses and natural disaster claims,” ...more »

Locating Funds
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'Surplus' not extra money
Worthington Daily GlobeMarch 1, 2012

Mark Dayton said the state needs to stick with current law, replenishing state reserves and repaying schools with any extra money. “We have the responsibility to continue on this course,” he said. State law requires the first $5 million of the ...more »

Contracts Involving State & Minicipality
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Colorado undertaker accused of stealing dental gold from corpses
ReutersMarch 1, 2012

Adrian David Kline, 43, who worked as a contract embalmer at several Denver-area mortuaries, is charged with providing false information to pawnbrokers, according to a 10-count indictment returned last week in Boulder County District Court and released ...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 ( ) 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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U of A researcher explores the chemicals of street 'ecstasy'
Calgary HeraldMarch 18, 2012

Having presented his research to Health Canada, Hudson recently learned Health Canada has deemed BZP enough of a risk to propose adding it to Schedule III of its Controlled Drugs and Substances Act. Hudson hopes to conduct research on other ecstasy ...more »

Mortgages & Foreclosures
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Assemblywoman Carter authors anti-blight vill
Contra Costa TimesMarch 2, 2012

Carter's bill is one of six bills that other Democratic lawmakers and Harris announced Wednesday. the proponents assert that the legislation will increase fairness within the mortgage industry and foreclosure process. The laws would increase the ...more »

Corporate Finance & Taxation
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Durham DA Tracey 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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Posts from 'March, 2012'
Royal Dutch Shell plc .comMarch 1, 2012

But the Supreme Court was urged this week by an international oil company to insulate it from a law against torture and other violations of the “law of nations.” In 1789, Congress enacted the Alien Tort Statute, which gave federal district courts ...more »

Creditor's Rights
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Free farm and ranch financial clinics set
Grant Tribune SentinelMarch 1, 2012

These professionals specialize in legal and financial issues including financial planning, estate and transition planning, farm loan programs, debtor/creditor law, and other relevant matters. Here is an opportunity to hear a specialist's opinion on ...more »

Professional Corporations
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Georgia Law Would Outlaw Picketing Homes of Corporate Executives
AllGovMarch 3, 2012

Coming only days after a protest outside a major telecommunications company, Republican lawmakers in Georgia have introduced a bill that would subject non-violent demonstrators involved in a labor dispute to heavy fines and felony convictions.more »

Customs Disputes
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Court rules on enforcement of foreign arbitral award
International Law OfficeMarch 1, 2012

The arbitration clause in the contract provided that if the defendant was the complainant in the dispute, the dispute was to be referred for final resolution to the International Commercial Arbitration Court (ICAC) at the Ukrainian Chamber of Commerce ...more »

Public Offerings
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FBI: Public corruption task force launching in Metro Detroit
The Detroit NewsMarch 1, 2012

The task force will include investigators from the US Attorney's office, Internal Revenue Service, state Attorney General, and the Detroit and Michigan State Police departments, among others. FBI Special Agent in Charge Andrew Arena called public ...more »

Debt Collection
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Guest commentary: Aim for a fair fix of Michigan's emergency manager law
Detroit Free PressMarch 1, 2012

It is clear that the law is unconstitutional. The provision authorizing unilateral termination of collective bargaining agreements violates the contracts clause of the US Constitution. An authority on constitutional issues involving bankruptcy -- UCLA ...more »

Reorganizations & Restructuring
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Kodak Laying Off 91 Local Employees
Rochester YNNMarch 1, 2012

Kodak's bankruptcy is a way for the company to restructure and reorganize. That's why it says in the filing it's still planning to pursue its patent licensing program, even through litigation, while its focuses "on the most valuable business lines to ...more »

Debt Settlement
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Kodak CDS auction sheds light on settlement process
ReutersMarch 2, 2012

By Melissa Mott NEW YORK, March 2 (IFR) - The recent credit default swap auction to settle contracts written on debt issued by Eastman Kodak has helped shed light on how CDS-cash basis players can influence recovery values.more »

State & Minicipal Bonds
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Houston Insurance Claims Lawyer Says 2011 Natural Disasters Can Lead to 2012 ...
Houston ChronicleMarch 1, 2012

Wyly said businesses and homeowners don't have to tolerate such treatment. “Our law helps Texans fight for proper responses to first-party insurance claims involving residential property damage, commercial property losses and natural disaster claims,” ...more »

Directors' & Officers' Liability
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You are most likely liable as customer or contractor
Regina Leader-PostMarch 1, 2012

The best way to reduce the risks related to construction accidents or other liability issues is to sign a written contract with a professional builder or renovator that indicates compliance with health and safety regulations and that assures that the ...more »

Trade Associations
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Help heal our heroes
The VillagerMarch 1, 2012

By early June, Dr. John Howard, the administrator of the World Trade Center Health Program portion of the James Zadroga 9/11 Health and Compensation Act, will rule on whether to add cancer to the list of illnesses covered under the bill.more »

False Advertising
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Facebook unveils new advertising strategy
San Jose Mercury NewsMarch 1, 2012

By Mike Swift Facebook is bringing brand advertising to mobile devices and to sections of the world's biggest social network that have never carried ads before as the company prepares for an initial public stock offering. At its first-ever marketing ...more »

Unfair Competition
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Filling in the Gaps in Our Trade Intelligence
Center For American ProgressMarch 15, 2012

By Sabina Dewan | March 14, 2012 Next week's verdict due from the US Department of Commerce on whether the Chinese government is unfairly subsidizing the production of solar panels and thus driving American competitors out of the market reflects the ...more »

Federal Contracts
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Detailed probe bound to take time: experts
Montreal GazetteMarch 1, 2012

Here's how they described the thorny process of investigations into fraud - that may probe alleged bid rigging of municipal contracts - and what law enforcement is facing at town halls when trying to root it out. How does a fraud investigation begin?more »

Venture Capital
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Adaptivity™ Closes Second $3 Million in Equity Financing
Sacramento BeeMarch 1, 2012

Founded in 1985, Intersouth Partners manages more than $780 million in seven venture capital limited partnerships, making it the largest venture capital fund in North Carolina and one of the largest in the Southeast. Based in Durham, North Carolina, ...more »


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