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

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Rick Ross' House Site of Murder Investigation by Miami Police
ReutersMarch 1, 2012

Investigators are also likely to be interested to know if Nesbitt has any connection to Ross' less than legal activities. He's been arrested on gun, assault and marijuana charges, and once claimed to be affiliated with Carol City Cartel and other local ...more »

American Airlines parent AMR, in bankruptcy protection, lost $234 million in ...
Washington PostMarch 1, 2012

... trying to turn around while in bankruptcy protection, says it lost $234 million in January. That includes restructuring expenses of $155 million related to renegotiating aircraft financing and $15 million in fees paid to advisers such as lawyers.more »

Business Law News and Stories

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Metro: Anti-Obama ad at Clarendon rail station is protected speech and will stay
Washington PostMarch 1, 2012

wrote to Metro on Wednesday, asking that the ad be removed and calling it “an offensive advertisement disparaging the recent health law.” “This advertisement is inappropriate, disrespectful of the President, and should be removed immediately,” Moran ...more »

Foreign Investments
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Wise charged in $130M Ponzi scheme
Standard FreeholderMarch 1, 2012

Wise, 62, now faces 17 criminal counts of fraud, money laundering and conspiracy indictments. A warrant for his arrest has been issued by the US Attorney General office in San Francisco. However, Wise's close associate, Jacquline Hoegel, 55, ...more »

Antitrust Law, Domestic
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Presidential robo calls flood North Dakota phones
In-ForumMarch 7, 2012

Parrell Grossman, director of the state attorney general's Consumer Protection and Antitrust Division, received multiple calls himself and is already on the case. BISMARCK – North Dakotans complaining about an automated phone call asking about their ...more »

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The Best Seat in the House
Wall Street JournalMarch 1, 2012

By LAUREN AE SCHUKER When Brett Ratner, the director behind the "Rush Hour" franchise, presses a button on a remote, the lights in his living room—part of a Beverly Hills estate once owned by Ingrid Bergman—go dim. Shades creep across the windows, ...more »

Gaming Law
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Internet gaming ban set to pass Florida House, but probably not Senate
Florida Times-UnionMarch 1, 2012

While they typically sell such things as Internet time or phone cards, they profit from computerized sweepstakes-style games that the industry says are allowed under state law. Opponents contend the games are a form of illegal gambling and that the ...more »

Banking Law
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Fraud should concern all Canadians: RCMP
NorthernLife.caMarch 1, 2012

In fact, Canadians are less trusting of online donating (65 per cent) compared to online retail purchases (84 per cent) and online banking (90 per cent). To educate the public about charity fraud, Capital One Canada and CanadaHelps are teaming up ...more »

Government Construction Contracts
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Mexican pipeline extension construction contract awarded
Pipelines InternationalMarch 1, 2012

TransCanada has been awarded a 25-year natural gas transportation service contract by the Comisión Federal de Electricidad – Mexico's state-owned power company – to build, own and operate the Tamazunchale Pipeline Extension in Mexico.more »

Business Formation
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Gov. Hickenlooper forms task force to address Colorado drilling regulations
Denver PostMarch 1, 2012

Spurred by the discovery of oil in the Niobrara formation, which stretches from El Paso County to the Wyoming border, companies have been buying up mineral leases and ramping up drilling. In 2011, Weld County had the most drilling activity in the West, ...more »

Institutional Investing
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New Recipes for Commodity Investing
Wall Street JournalMarch 4, 2012

And in one of the most significant breaks with the past, some funds give managers wider discretion about which materials to invest in than traditional commodity indexes allow. Investors have pumped hundreds of millions of dollars into the newfangled ...more »

Business Law
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How new health care law affects lives of 7 Americans
Plain DealerMarch 19, 2012

By AP business staff View full sizeAssociated PressGlenn Nishimura discusses his health insurance situation at a coffee shop in Little Rock, Ark. CHICAGO -- A father lost his job at a medical device company that is facing a new tax.more »

How President Obama Plans to Implement the NDAA's Military Custody Provisions
ForbesMarch 1, 2012

The President, through Presidential Policy Directive 14 has crafted a broad set of waivers which allow domestic law enforcement agencies to easily abrogate the military custody requirements found in Section 1022. As a refresher, Section 1022 of the ...more »

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Navajo sues Urban Outfitters over product names
Chicago Daily HeraldMarch 1, 2012

Susan Scafidi, who directs the Fashion Law Institute at Fordham University's law school in New York, said Urban Outfitters could point out the name changes in certain items in response to the tribe's original objections. The “Navajo Hipster Panty” and ...more »

Internal Investigative Services
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More officers disciplined after Rome RYDC investigation
Rome News TribuneMarch 14, 2012

Several Juvenile Corrections Officers at the detention facility in Rome will face administrative penalties for policy violations uncovered during the comprehensive investigation recently concluded by DJJ Internal Affairs, according to a news release ...more »

Commercial Bankruptcy
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Another Indiana company abandons electric-vehicle plans
Chicago TribuneMarch 1, 2012

... manufacturing facilities in Indiana, filed for bankruptcy reorganization. In addition to Bright Automotive, an unrelated plug-in manufacturer the state tried to nurture has yet to get off the ground. "Business is risky and new technologies more so.more »

International Transactions
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Major American Financial Institution Opposes Holding Iran's Feet to the Fire
MarketWatch (press release)March 5, 2012

According to University of Pennsylvania law professor Charles Mooney, a widely recognized international business law expert, DTCC is overreacting. "The bill creates no significant additional burdens to the US securities holding system.more »

Commercial Leasing
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Spanish village to raise funds with marijuana
The Associated PressMarch 1, 2012

The idea is for private citizens to lease or lend land to town hall, which would then create a company to manage the land and lease it to an association of marijuana-smokers in Barcelona. Under Spanish law, consumption in private of cannabis in small ...more »

Bio of LLR's possible next director
MyrtleBeachOnline.comMarch 2, 2012

AP - The Associated Press EDUCATION: Winthrop University, bachelor's degree in business administration, 1999; University of South Carolina School of Law, 2007. PROFESSIONAL CAREER: Chief advice counsel for the state Department of Labor, Licensing and ...more »

Communications & Media
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Campus Digest, March 1
Western NewsMarch 1, 2012

By Communications Staff Cassels Brock & Blackwell LLP has staked a significant claim in mining law education at Western University. The firm's gift of $750000 will support a unique mining law program at Western Law as well as initiatives to prepare ...more »

Locating Funds
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Judge says immigrants can be cut off from food stamps
San Francisco ChronicleMarch 1, 2012

A 2003 law restored eligibility to immigrant children. The law did not prohibit states from using their own funds to provide food stamps for immigrants ineligible for federal aid. As of November 2010, the court said, seven states were making that aid ...more »

Construction & Development
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Law to regularise illegal structures in Gujarat challenged
Daily News & AnalysisMarch 3, 2012

By DNA Correspondent | Place: Ahmedabad | Agency: DNA There may not be any respite soon to those who made illegal constructions and breached civic norms while constructing buildings, as the newly enacted law to regularise illegal structures has been ...more »

Mergers, Acquisitions & Divestitures
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VerticalScope Inc. Acquires the Assets of Mautofied Inc.
Exec Digital (press release)March 16, 2012

Marx Group Advisors was formed in 2007 to provide strategic advisory services for mergers, acquisitions and divestitures for companies in the automotive, commercial vehicle and heavy duty aftermarket. For more information phone (415) 453-0844, ...more »

Contracts Involving State & Minicipality
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Alabama set to face DOJ, federal appeals court over immigration law
The Birmingham News - (blog)March 1, 2012

Robert Bentley/Jamie Martin) ATLANTA, Georgia -- The law that put Alabama in the middle of the national debate on immigration goes before a federal appeals court in Atlanta Thursday, pitting Alabama against the US Justice Department and a coalition of ...more »

Mortgages & Foreclosures
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Investors target property tax deadbeats
CNNMarch 5, 2012

That can lower the rate to far below what state laws allow, but it can still be much higher than other investments. "I just [invested] $1 million last week and most of the liens I won were at 7%, with a handful at 8%, a few at 9%, two at 10%, ...more »

Corporate Finance & Taxation
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Neighborhood fights crime, blight
Cincinnati.comMarch 1, 2012

11:51 am Have a question about strategies to cut your income taxes owed for 2011? Join our Tax Chat Saturday...- 6:23 pm I love the color of the dress. The plunging neckline. The emphasis on the waist. This Zuhair Murad is almost perfect.more »

Non-Profit Corporations
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Standard Parking Corporation Reports Strong 2011 Results
MarketWatch (press release)March 7, 2012

Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances, future events or for any other reason.more »

Creditor's Rights
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“Europe Gets Shock Therapy like Latin America in the 1980s and 1990s”
International Debt ObservatoryMarch 2, 2012

Meanwhile its public creditors (the Troika) demand permanent austerity in terms of social expenditure cuts, massive privatizations, regression in terms of economic and social rights, the like of which has not been seen since the end of the Second World ...more »

Professional Corporations
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NWest Energy to Amalgamate with Argentina-Focused Private Company
SYS-CON Media (press release)March 5, 2012

It is intended that the management of Caribe will assume the key management positions within Amalco upon closing of the Transaction. The closing of the Transaction is subject to a number of conditions, including but not limited to: (a) NWest and Caribe ...more »

Customs Disputes
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Residents told to keep balconies clear or face Dh500 fine
The NationalMarch 1, 2012

... will face regular inspections from Trakhees, the management arm of the Ports, Customs and Free Zone Corporation. "Residents in these areas have already been told of the rules and regulations through brochures," said Arif Obaid Al Dehail, ...more »

Public Offerings
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Australian state toughens law for Muslim veils
The Associated PressMarch 5, 2012

New South Wales state Attorney General Greg Smith said in a statement Monday that beginning April 30, officials such as justices of the peace and lawyers who witness statutory declarations or affidavits without making identity checks will be fined 220 ...more »

Debt Collection
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The Forefront Law Group Announces Launch
San Francisco Chronicle (press release)March 1, 2012

After rounding out his legal training as a law clerk on the First Circuit Court of Appeals and as a trial lawyer at Williams & Connolly in Washington, DC, Don turned to the business side of the legal profession. He has been a CEO or senior officer of ...more »

Reorganizations & Restructuring
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Downey Regional Medical Center emerges from chapter 11 reorganization
Healthcare Finance NewsMarch 9, 2012

On September 14, 2009, the hospital filed a voluntary petition for reorganization under Chapter 11 of the US Bankruptcy Code citing financial systems breakdowns and poor contracts as its reasons for filing. Following substantial restructuring of its ...more »

Debt Settlement
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Bankruptcy jabs silenced as sides prep for mediation
Stockton RecordMarch 4, 2012

That secrecy is a good thing, said Chicago-based attorney James Spiotto, a nationally recognized authority on municipal bankruptcy. City Manager Bob Deis and representatives of Stockton's stakeholders have been busy accusing each other of spinning the ...more »

State & Minicipal Bonds
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Businesses Starting to Pick Up the Pieces
Inside INdiana Business (press release)March 4, 2012

The Indiana Joint Information Center says 14 businesses in southern Indiana were destroyed in Friday's tornado outbreak. The center adds another 16 were damaged or affected by the deadly storms. Officials now say 12 people lost their lives, ...more »

Directors' & Officers' Liability
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MMH: Board OKs $70000 hike in insurance costs
Midland Reporter-TelegramMarch 1, 2012

Steve Bowerman, chief financial officer, reviewed a recent proposal for hospital insurance policies to include excess workers' compensation, property and business interruption, directors and officers liability, as well as storage tank liability.more »

Trade Associations
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US tries its luck easing online gambling stand
Turkish PressMarch 1, 2012

The opinion is a marked reversal from Washington, which previously maintained that all online wagering aside from horse racing was a violation of US federal law -- a stand which prompted a complaint at the World Trade Organization.more »

False Advertising
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Federal Judge Blocks Anti-Smoking Images Required On Tobacco Products
WCTI12.comMarch 1, 2012

By From Bill Mears CNN Supreme Court Producer WASHINGTON (CNN) -- A federal mandate requiring tobacco companies to place graphic images on their products warning of the dangers of smoking was tossed out Wednesday by a judge in Washington, ...more »

Unfair Competition
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Judge Trims Case Against Allstate In Wildfire Suit
Law360 (subscription)March 7, 2012

By Juan Carlos Rodriguez Law360, New York (March 07, 2012, 12:40 PM ET) -- A California federal judge on Monday dismissed claims that Allstate Insurance Co. violated unfair-competition laws in a proposed class-action lawsuit that alleges the company ...more »

Federal Contracts
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Federal Gov awards over $2.5bn contracts for gas pipelines
Ghanaian ChronicleMarch 1, 2012

The Federal Government has awarded over $2.5bn contracts for various gas pipeline projects in the country. This is in line with its policy on gas monetisation, as laid out in the Gas Master Plan, GMP. The Executive Director, Gas Development, ...more »

Venture Capital
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Collaborative consumption: Rent those clothes, don't buy
The Seattle TimesMarch 6, 2012

Consumerism is being redefined for the mobile age, and the model is spreading among professionals and families in ways that were little anticipated, even by the venture capitalists funding this new era of cooperative capitalism.more »

Federal Grants
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OMB builds strategy to better target grant fraud, error and waste
FederalNewsRadio.comMarch 1, 2012

We said 'How can we refine these audit requirements in a way that makes them more powerful and more effective at uncovering potential fraud, error and waste?'" Werfel told The Federal Drive with Tom Temin how the administration plans to make grant...more »


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