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

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Trade Me pushes for consumer law change
Stuff.co.nzMarch 1, 2012

Trade Me says it will continue to push for an amendment to a bill overhauling consumer law as it believes full and part-time traders should have to identify themselves as being professionals when selling goods online or at fairs, markets and car boot ...more »

Miss. gov backs immigration-enforcement proposal
Coshocton TribuneMarch 1, 2012

But look at the crime and violence that we now see in Mexico," Republican Bryant said at the Capitol. "The border — south of these United States lies a country that seems to be in chaos." Bryant, who became governor in January, said some people ...more »

Business Law News and Stories

Advertising
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Lothian and Borders coastal crime campaign launched
BBC NewsMarch 2, 2012

Lothian and Borders Police are launching a campaign to get the public to help spot criminal or terrorist activity on the force area's coastline. Project Kraken is already running in a number of regions across the UK. It encourages members of the ...more »

Federal Grants
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No-Child Law Faces Wave of Opt-Outs
Wall Street JournalMarch 1, 2012

If it grants waivers to all the new applicants, three quarters of the states would be exempt. Signed into law with bipartisan support in 2002, No Child Left Behind is now reviled by Republicans, who say it gets the federal government too involved in ...more »

Antitrust Law, Domestic
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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 »

Foreign Investments
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The Easy Way to Own the World
msnbc.comMarch 1, 2012

Increasingly, if you neglect foreign stocks, you leave out a huge portion of the business world. Even more importantly for investors, US stocks aren't always the best performers. The most extreme example in recent memory comes from the so-called "Lost ...more »

Franchising
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Renacci wants US to issue HOF anniversary coins
Canton RepositoryMarch 1, 2012

If the bill becomes law, the Treasury Department would have to mint up to 50000 $5 gold coins, up to 400000 $1 silver coins and up to 750000 half-dollar coins. The coins would be legal tender but not minted for general circulation, according to the US ...more »

Banking Law
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Calif. election groups sue ex-campaign treasurer
Sacramento BeeMarch 1, 2012

Durkee was arrested last September on mail fraud charges. For more than two decades, she had managed campaign finances for many California Democrats and was trusted to the extent that she had signature authority over many of their bank accounts.more »

Gaming Law
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MTR Gaming Group to Report Fourth Quarter 2011 Results on Thursday, March 8, 2012
MarketWatch (press release)March 1, 2012

The Company does not intend to update publicly any forward-looking statements, except as may be required by law. The cautionary advice in this paragraph is permitted by the Private Securities Litigation Reform Act of 1995. MTR Gaming Group, Inc. John ...more »

Business Formation
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Marathon Petroleum Corporation Announces Executive Appointment
ReutersMarch 1, 2012

Rodney P. Nichols began his employment with Marathon Oil Company in 1977 as an employee relations representative in the Corporate Industrial Relations Organization. After an assignment in the company's Northeastern Production District, Nichols served ...more »

Government Construction Contracts
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Hope springs despite the desal disaster
The AgeMarch 4, 2012

Under the public-private partnership agreement, the risks associated with construction and operation of the plant are supposed to be the responsibility of AquaSure and its financiers. This puts the government in a strong position to break the contract...more »

Business Law
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Law Offices of Howard G. Smith Announces Investigation of Flagstar Bancorp, Inc.
MarketWatch (press release)March 17, 2012

BENSALEM, Pa., Mar 16, 2012 (BUSINESS WIRE) -- Law Offices of Howard G. Smith announces that it is investigating potential claims against Flagstar Bancorp, Inc. ("Flagstar" or the "Company") (NYSE:FBC) and its board of directors concerning possible ...more »

Institutional Investing
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Zimbabwe poll politics hurting investment-Tsvangirai
ReutersMarch 1, 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 »

Commercial
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Judge: Government can require union posters at work
USA TODAYMarch 2, 2012

By Sam Hananel, AP WASHINGTON – A federal judge ruled Friday the National Labor Relations Board can require most private businesses to put up posters telling workers they have a legal right to form a union. But US District Judge Amy Berman Jackson ...more »

CA Courts Open to Other States's Tort Reform Laws?
Corporate CounselMarch 6, 2012

The California Supreme Court's new "Business Choice of Law" doctrine opens way for nationwide companies to avoid some of California's liability statutes. The allure of California's golden sand, flashbulb-perfect movie stars, and laid-back way of life ...more »

Commercial Bankruptcy
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Rise in numbers applying for bankruptcy in NI, says expert
Irish TimesMarch 2, 2012

Mr Dunleavy, who has worked on the McNamara, Quinn, Fleming and Zoe cases among others, said that the Republic's laws mean that few apply to its courts for bankruptcy. A Personal Insolvency Bill, which the Oireachtas is due to debate, ...more »

Internal Investigative Services
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Cop faces second probe
My Daily NewsMarch 5, 2012

POLICE have expressed a lack of faith in the internal complaint investigation process after an officer who just emerged clear from a theft investigation was put under investigation over an alleged bashing. Last week The Northern Star reported on an ...more »

Commercial Leasing
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VLP Expands Real Estate Practice with Addition of San Francisco Partners
Florida NewswireMarch 1, 2012

Mr. Wright's practice includes all aspects of real estate transactional law, including development, acquisition, joint ventures, commercial financing, leasing, dispositions, entity structuring, partnership and limited liability company agreements and ...more »

International Transactions
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Bankers' Group Agrees to Greek Debt Swap
New York TimesMarch 5, 2012

The Institute of International Finance, the global banking group that represents major private-sector holders of Greek debt, said that 12 members of its steering committee would trade in their old Greek bonds for new ones and in the process sustain a ...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 »

Acacia Expands Management Team
EON: Enhanced Online News (press release)March 6, 2012

Mr. Schneider holds a Bachelor of Science in Biology from Lehigh University and a Juris Doctor from the Fordham University School of Law. Acacia Research Corporation's CEO and President, Paul Ryan, commented, “Mr. Lucas' extensive patent licensing ...more »

Construction & Development
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Reynolds aluminum foil buildings to be redeveloped
Richmond Times DispatchMarch 1, 2012

WVS and Fountainhead Properties closed on the $35 million deal Wednesday, paying $7.3 million for the property with the rest designated for construction. WVS developed Rocketts Landing, a high-density, multiuse project along the James River on the ...more »

Locating Funds
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State 'surplus' does not mean extra money
Alexandria Echo PressMarch 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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SNYDER'S STOUGHTON: Town Counsel sides with Crimmins on school roof flap
Wicked LocalMarch 1, 2012

While the Town lacked such procedures until March 2011, all such contracts must nonetheless comply with the requirements of the Designer Selection Law. The written procedures apply to any and all Town departments, in my opinion.more »

Mergers, Acquisitions & Divestitures
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Winston & Strawn Adds Experience to Its Corporate and Securities Practice in ...
Sacramento BeeMarch 6, 2012

A lawyer for more than 20 years, Rawn's diverse practice focuses on mergers, acquisitions, divestitures and joint ventures for public and private companies, with significant experience on cross-border transactions. His practice also concentrates on ...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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Trouble in Paradise
Wall Street JournalMarch 1, 2012

And even for those unlucky to be facing foreclosure, last month's settlement with state attorneys general required banks to pay $25 billion, modify mortgages and compensate people who already have lost their homes. So you might think Marin County would ...more »

Corporate Finance & Taxation
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Convicted builder Milio testifies $30000 cash given to Mangone a payoff for ...
The Journal News | LoHud.comMarch 1, 2012

Tax cheat Antonio Milio testified in federal court Wednesday that he gave $30000 in three bundles of $100 bills to lawyer Anthony Mangone as a payoff to Yonkers Councilwoman Sandy Annabi so she would support a plan for Milio's company to develop two ...more »

Non-Profit Corporations
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Local expert: Do corporate tax rates matter?
Cincinnati.comMarch 3, 2012

How much will a change in corporate tax rates increase employment and profits in the US? Not much is the likely answer. Most Americans are employed by small and medium-sized businesses, and those businesses are mostly organized as non-corporate or ...more »

Creditor's Rights
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Court rules over Offaly land 'scam'
Irish TimesMarch 2, 2012

A €9.7 million judgment has been entered at the Commercial Court against bankrupt former Fianna Fáil councillor Gerard Killally in an action by a retired Garda superintendant and other investors over an alleged land deal "scam" in Co Offaly.more »

Professional Corporations
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Tell Us How You Really Feel, Leo
Law.comMarch 1, 2012

At the same time, he's a proud son of Delaware who is fiercely protective of the money-minting franchise that is Delaware corporate law, which is known for a predictable, conservative brand of jurisprudence that corporate America likes.more »

Customs Disputes
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Insight: Wall Street, Fed face off over physical commodities
ReutersMarch 2, 2012

By David Sheppard, Jonathan Leff and Josephine Mason | NEW YORK (Reuters) - Wall Street's biggest banks are locked in an increasingly frantic struggle with the Federal Reserve over the right to retain the jewels of their commodity trading empires: ...more »

Public Offerings
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Microsoft hires FTC attorney and public critic of Google
CNETMarch 1, 2012

Microsoft has hired a new Washington lobbyist--an FTC lawyer who has sharply criticized some of Google's acquisitions on antitrust grounds. The software giant told the Wall Street Journal yesterday that it hired Randall Long, an official at the FTC's ...more »

Debt Collection
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Final Spasm: Greco-Teutonic Tax Wrestling
Business InsiderMarch 1, 2012

In Greece, three-quarters of the independent professionals, such as doctors, lawyers, and engineers, declare taxable income below the existential minimum, according to a leaked paper by the EU Commission. Tax fraud amounts to about €20 billion per year ...more »

Reorganizations & Restructuring
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Hostess Brands, Inc. Retains Gregory Rayburn As Chief Restructuring Officer
VendingMarketWatchMarch 1, 2012

Hostess Brands, Inc. announced that, subject to court approval, it has retained Gregory F. Rayburn of Kobi Partners LLC as its chief restructuring officer (CRO). Hostess Brands, Inc. announced that, subject to court approval, it has retained Gregory F.more »

Debt Settlement
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American Airlines Starts to Show Its Hand to Bondholders
Bond BuyerMarch 1, 2012

The trustee said it had intended to tap reserves but believes their use would violate bankruptcy rules. The trustee is attempting to obtain American's agreement to use the reserve funds to make the Feb. 1 debt-service payment or to pay the trustee's ...more »

State & Minicipal Bonds
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Top Five: Law Firms
Bizjournals.comMarch 2, 2012

This week the Business Journal published a list of the top 51 Law Firms. The list was ranked by the total number of full-time attorneys based in Silicon Valley. In order for a law firm to be considered for the list, the total number of full-time ...more »

Directors' & Officers' Liability
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Health Law Alert: Providers Beware: OIG Alert Highlights FCA Liability Under ...
JD Supra (press release)March 1, 2012

A recent OIG Alert highlights potential False Claims Act (FCA) liability for physicians whose services are billed to Medicare under an independent contractor reassignment. The February 8, 2012, Alert titled, "OIG Alerts Physicians To Exercise Caution ...more »

Trade Associations
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Brown, Warren trade barbs after the vote
Worcester TelegramMarch 2, 2012

Scott Brown and his likely Democratic opponent, Harvard Law School professor Elizabeth Warren. The so-called Blunt amendment, sponsored by Sen. Roy Blunt, R-Mo., would have allowed employers to refuse to include contraception in the health care ...more »

False Advertising
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Senate vote shreds wage paperwork for NY employers
Albany Business ReviewMarch 1, 2012

State senators voted Wednesday to repeal a law requiring employers to provide wage notices to each worker, as they had to do for the first time last month. Business groups blasted the law as an example of what sours many executives on New York's ...more »

Unfair Competition
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Longtime Trial, Corporate Attorneys Join Forces to Launch Hobart|Linzer, LLP ...
Bradenton HeraldMarch 16, 2012

Linzer, LLP LOS ANGELES, March 15, 2012 — /PRNewswire/ -- Seasoned trial and corporate attorneys C. Dana Hobart and Kenneth A. Linzer have joined forces to launch Hobart|Linzer, LLP, a boutique firm dedicated to handling cases nimbly and ...more »

Federal Contracts
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Regulation Changes Impact Government Contract Work
Signal MagazineMarch 1, 2012

But companies should be aware that the rules of engagement are changing, or already have changed, in a number of instances, so they should thoroughly research upcoming contract awards. Kevin Boshears, director, Office of Small and Disadvantaged ...more »

Venture Capital
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Genzyme-backed 4s3 raises $20M in venture capital
Boston Business JournalMarch 5, 2012

The company received seed funding from Genzyme Ventures in 2008, and has strong intellectual property including a licensed portfolio from UCLA. The company has received funding in the past from the Massachusetts Life Science Center (MLSC), the Muscular ...more »

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