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

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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 »

Alumni take law into own hands over jobs 'hype'
Times Higher EducationMarch 1, 2012

So unhappy, in fact, that 15 law schools are currently facing lawsuits for fraud, unfair competition and false advertising. Among those being sued are Albany Law School, DePaul University College of Law and New York Law School. "The numbers reported by ...more »

Business Law News and Stories

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Sen. Snowe: We can't even do regular business
CBS NewsMarch 1, 2012

Ever since Roe v Wade the moderates have been trying to gloss over the decision, saying it's the "settled law of the land" and other such nonsense. But that is baloney. There is a very large minority out there, many of whom were born AFTER Rov v Wade ...more »

Federal Grants
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New letter emerges in Barlow fraud case
Brisbane TimesMarch 1, 2012

There, the Crown dropped seven charges and added seven more, largely changing the wording of accusations against the man charged with carrying out Queensland's largest government fraud. Mr Morehu-Barlow's lawyer, Adam Magill, said outside court his ...more »

Antitrust Law, Domestic
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Will shortcomings undermine the new Competition Act?
International Law OfficeMarch 1, 2012

On February 6 2012 the government submitted a draft of the new Competition Act to Parliament. The reform of the country's key competition legislation attracted a level of public participation rarely seen in Portugal's recent legal history.more »

Foreign Investments
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Zimbabwe poll politics hurting investment- Tsvangirai
Primedia Broadcasting - Eyewitness NewsMarch 2, 2012

Mining firms, banks and retailers have grown increasingly worried about the law, pushed by Tsvangirai's rival and coalition partner, President Robert Mugabe. "It is political rhetoric," Tsvangirai told an investment forum in Johannesburg.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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Bernanke: Banks To Have 'All The Time They Need' On Volcker Rule
Fox BusinessMarch 1, 2012

The Dodd-Frank financial overhaul law gives banks a two-year period from July 21 to conform with the new restrictions, and Bernanke made clear Thursday the central bank sees that as appropriate. "We will certainly make sure that firms have all the time ...more »

Gaming Law
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We need a good gaming policy
Philippine StarMarch 1, 2012

It is so bad, Wynn complained to a Nevada court, that he doubts “that newly elected President Aquino's stated plans for reform would eliminate corruption in the gaming industry” and that “the country's legal/regulatory frameworks were not closely ...more »

Business Formation
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Fannie and Freddie: Shangri-La for Lawyers
Fox BusinessMarch 1, 2012

And under the 2008 federal law letting the government seize Fannie and Freddie, the former executives would be prohibited from suing the companies' bankruptcy estate—they'd have to get in line with other unsecured creditors, and possibly end up with ...more »

Government Construction Contracts
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Revised guidelines for the construction industry
Invest in AustraliaMarch 5, 2012

Tendering for Australian Government funded building works will be simpler, easier and more efficient with the release of new Implementation Guidelines for the National Code of Practice for the Construction Industry. Minister for Employment and ...more »

Business Law
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Aboriginal-Law Expert Joins Miller Thomson in Saskatchewan
Indian Country Today Media Network.comMarch 17, 2012

A sign of that is the new position that W. Thomas Molloy, the renowned negotiator of First Nations legal issues and a business-law expert, has taken at one of the most prominent law firms in the country. He is one of four new appointees at Miller ...more »

Institutional Investing
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Investments in Zimbabwe are protected - Lionel October 1, 2012

“Our investment protection agreement means all our investments are protected and they cannot be expropriated,” October told reporters in Cape Town today. “The bilateral agreement is law and that is sacrosanct.” Zimbabwe, which with South Africa holds ...more »

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All .com domain owners answerable to US law?
RTMarch 2, 2012 was registered to an online domain in Canada where internet gambling is legal. However Homeland Security justified the shutdown by citing “the movement of funds from accounts outside the US” as the reason. “Sports betting is illegal in ...more »

Challenges to Ga., Ala. immigration laws in court
WJXT JacksonvilleMarch 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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Classic car dealer bankrupt
Fort Wayne Journal GazetteMarch 1, 2012

Bunker Lakes Inc., which does business as Bunker Lakes Dealership, has filed for Chapter 11 bankruptcy, but it is unclear whether President Kristin McGrade will continue the operation or just try to settle her debts. McGrade is the wife of former ...more »

Internal Investigative Services
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Chelsea investigate smoke bomb at Cobham training ground
Daily MailMarch 2, 2012

A Chelsea spokesman said on Saturday: 'I can confirm an investigation is under way. It is an internal matter.' It is the latest in a string of incidents at the training ground. Last year Ashley Cole accidentally shot an intern in the leg with an air ...more »

Commercial Leasing
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Major plans for the future of Cardiff's Central Business District development ...
WalesOnlineMarch 1, 2012

It's understood the lease on those properties are due to expire in mid-2014. A second company involved in the talks, Hugh James, which has 450 staff, remains interested, the Echo understands. The law firm, which would require about 100000sqft of office...more »

International Transactions
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Fresh Iran deadline passes with no new sanctions
Kansas City StarMarch 1, 2012

The legislation said that "beginning on the date that is 60 days after the date of the enactment of this act, the president shall prohibit" any privately owned foreign financial institutions from engaging in significant non-oil transactions with Iran's ...more »

Communications & Media
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Founder of What's The 411 Networks Speaks at the New York State Association ...
PR Web (press release)March 1, 2012

Recently, Ms. Morrison presented at the International Trade Seminar - Access & Opportunities in International Markets at the New York State Association of Black & Puerto Rican Legislative Conference in Albany, NY. Ms. Morrison's discussion ...more »

Tattoo artist licensing law can't be enforced
WZVN-TVMarch 2, 2012

We found out about a new law that requires tattoo artists to have licenses cannot be enforced. Experts we spoke to explained the law cannot be enforced yet because the rules on how to enforce that law haven't been presented to state government yet.more »

Construction & Development
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Obama NLRB Recess-Appointment Challenge Rejected by Judge
BloombergMarch 2, 2012

She ruled the board lacked the authority to enforce the so-called poster rule as an unfair labor practice. “We are concerned that this decision will encourage frivolous lawsuits by unions against small-business owners who refuse to comply,” Karen ...more »

Locating Funds
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Feds, 9/11 survivors fight over $6.6 million in account linked to al-Qaida
Chicago TribuneMarch 3, 2012

Related Maps Dirksen Federal Bldg, Chicago, IL 60604, USA The US attorney's office in Chicago — an arm of the Justice Department — moved to take control of the money last year under federal laws that allow seizure of assets connected to terrorism.more »

Contracts Involving State & Minicipality
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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 »

Mergers, Acquisitions & Divestitures
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St. Anthony: Hints of a federal deal in Graco acquisition
Minneapolis Star TribuneMarch 18, 2012

The FTC staff, without announcement, last week suspended its antitrust case before an administrative law judge in Washington, DC That allows the agency to negotiate settlement terms with the Minneapolis-based manufacturer of paint sprayers and other ...more »

Controlled Substances Law
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Leagle.comMarch 14, 2012

Orta, a medical doctor, and Giacobbe first assert that the Controlled Substances Act (CSA) is impermissibly vague as applied to them in violation of the Fifth Amendment right to due process. The Appellants contend that there is no statutory definition ...more »

Mortgages & Foreclosures
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Million-dollar house in foreclosure for years
Washington PostMarch 3, 2012

They have kept their home for so long by repeatedly filing for bankruptcy and by exploiting changes in Maryland's laws designed to help delinquent homeowners avoid foreclosure. Interior of Keith and Janet Ritter's Fort Washington home.more »

Corporate Finance & Taxation
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Beavers: US Atty. Fitzgerald 'wild man' responsible for three suicides
Chicago Sun-TimesMarch 2, 2012

Cook County Commissioner William Beavers pleaded not guilty to the federal tax evasion charges he's facing and then lambasted US Attorney Patrick Fitzgerld as “a wild man on a train” who “somebody needs to stop.” Beavers accused Fitzgerald of driving ...more »

Non-Profit Corporations
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Benefit Corporations Aim to Make a Profit -- and a Positive Impact
PBS NewsHourMarch 1, 2012

ANDREW KASSOY, co-founder, B Lab: Existing corporate law was built for maximization of shareholder value. And so the legal innovation here is that idea that the directors and the officers of the company are now protected to be able to consider a ...more »

Creditor's Rights
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Stockton's woes reach beyond city limits
Tracy PressMarch 2, 2012

by Jon Mendelson / Tracy Press Stockton might be heading down the rabbit hole toward bankruptcy, but leaders in the local business community say the ripples from the county seat's financial struggles should be mostly limited to image.more »

Professional Corporations
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Main external law firms: Clyde & Co, Linklaters, Mayer Brown, Norton Rose ...
The LawyerMarch 5, 2012

Since her move to insurance giant QBE European Operations from Norton Rose in 2006, Esther Felton has made it her mission to grow a department that would work in partnership with the business. Hers is a model designed to be both commercial and ...more »

Customs Disputes
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Commerce Publishes Final Rule Revising Regulations Issued Pursuant to the ...
JD Supra (press release)March 1, 2012

The Final Rule provides detailed regulations regarding the statutory requirements for FTZs to act as public utilities and provide uniform treatment. The Final Rule also allows confidential complaints about alleged public utility or uniform treatment ...more »

Public Offerings
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Feds, state join Detroit in fighting violence
The Detroit NewsMarch 1, 2012

By Doug Guthrie US Attorney Barbara McQuade speaks at a news conference Wednesday at the Samaritan Center in Detroit. She promised to step up gun crime prosecutions on Detroit's violent east side. (The Detroit News) Detroit — Federal and state...more »

Debt Collection
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Bank Of America Test Fees, Risks Customer Backlash
Investor's Business DailyMarch 1, 2012

The largest US banks have been struggling to look for different revenue streams after the government implemented tighter regulations following the 2008 financial crisis. Unlike buying and selling mortgage-based securities, customer fees are a safer way ...more »

Reorganizations & Restructuring
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Oprah finding that it's hard being on your OWN (blog)March 20, 2012

Oprah Winfey's network debuted with much fanfare, but this week announced layoffs and a reorganization. By Eve Tahmincioglu Oprah Winfrey may want to consider giving away a few more free cars to help her struggling cable network.more »

Debt Settlement
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Waiting in vain
Chicago ReporterMarch 1, 2012

He called a workers' compensation attorney for help and reported the owner to the Illinois Department of Labor for violating minimum wage and overtime laws, claiming the nonpayment of $11652. That was February 2011. So far, Jose has received only one ...more »

State & Minicipal Bonds
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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 »

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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Reid holds congressional insider trading bill's future in his hands
The HillMarch 2, 2012

By MIke Lillis - 03/02/12 10:52 AM ET Popular legislation designed to prevent congressional insider trading has been idling for weeks as strange political dynamics complicate Sen. Harry Reid's decision on a path forward. Moving the STOCK Act wasn't ...more »

False Advertising
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Facebook launches brand new series of advertising tools
Taipei TimesMarch 1, 2012

Facebook rolled out new tools for advertisers on 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 at the ...more »

Unfair Competition
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U.S. Solar Manufacturers Struggling With Chinese Competition
OPB NewsMarch 2, 2012

US solar manufacturers are blaming unfair Chinese subsidies for the sudden shift in the trade balance. Over the course of two years, the American solar industry went from having a trade surplus with China to having a deficit of more than a billion ...more »

Federal Contracts
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Braintree woman sues Bank of America to get her credit score back after fraud
Enterprise NewsMarch 2, 2012

By Jon Chesto Karen Boyle was among the more than 300 people who spent thousands of dollars to join what turned out to be a travel club scam. Unlike some of the victims who paid off their credit card balances even though they didn't receive anything of ...more »

Venture Capital
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UK venture capitalism: Opportunities and costs
CITY A.M.March 5, 2012

THE venture capital industry in the UK, and the rest of Europe, is in something of a state of flux. During the tech bubble era, venture capital fundraising and investment activity expanded rapidly, but when the bubble burst, many firms struggled to ...more »


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