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

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Dooger's Warrenton location for lease
Coast River Business JournalMarch 1, 2012

“We have some pad spaces for lease and that's included,” said leasing agent Jeff Olson of Commercial Realty Advisors Northwest. The property at 103 US Hwy. 101 is described on several commercial real estate websites as, “Existing 5000 +/- SF ...more »

Cuts in legal aid would harm those already financially strapped
The Seattle TimesMarch 1, 2012

Volunteer lawyers mediate family law cases, provide courthouse-based help for unrepresented litigants, ensure the best interests of disabled wards are met in guardianship matters, and provide free legal support for court-appointed special advocates who ...more »

Business Law News and Stories

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Yahoo's Latest Act Of Desperation Is Stupid As Well As Dishonorable (YHOO)
San Francisco ChronicleMarch 1, 2012

This is a cynical manipulation of a broken law. This is squeezing blood from stone. The word in Silicon Valley is that new Yahoo CEO Scott Thompson is engaging in this patent trolling in order to placate activist shareholder Dan Loeb, who launched a ...more »

Federal Grants
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Sandusky federal probe may have different focus
CNNMarch 2, 2012

Instead, federal authorities seem to be stepping into areas where the state attorney general's office hasn't gone. This time, they seem to be exploring the possibility of a cover-up at Penn State, as well as possible bribes, fraud, or misuse of federal...more »

Antitrust Law, Domestic
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Criminal case against AU Optronics heads to jury
ReutersMarch 1, 2012

By Dan Levine SAN FRANCISCO, March 1 (Reuters) - A US jury began deliberations on Thursday in a criminal antitrust case against AU Optronics Corp, in which the Taiwan-based electronics company is accused of fixing prices in the liquid crystal display ...more »

Foreign Investments
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Bank of Israel starts investing in US stocks
GlobesMarch 1, 2012

The Bank of Israel today began investing a small part of its $77 billion in foreign currency reserves in US stocks. The central bank's latest Markets Division report states that the new Bank of Israel Law (5770-2010) allows the Bank of Israel to make ...more »

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Book-keeping franchise adds up to success in just 18 months
This is ScunthorpeMarch 1, 2012

"As part of researching how to start a business I came across Accounts Assist, a national accountancy practice that offers franchises across the UK. "Losing my job gave me the push I needed to do something different. "With my strengths lying in finance ...more »

Banking Law
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A Glimpse at the Banker Pegged as Citi's Next Chairman
Wall Street JournalMarch 2, 2012

By SUZANNE KAPNER Michael E. O'Neill has tangled with reputed organized-crime figures and served in the US Marines. Now the former chief executive of Bank of Hawaii Corp. will take on new challenges as the next chairman of Citigroup Inc. Citigroup ...more »

Gaming Law
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Report: Iowa's casinos contributed nearly $1 billion to state's economy in 2011 (blog)March 8, 2012

Bob Thursby, general manager of Terrible's Lakeside Casino in Osceola, outlines plans for a hotel expansion and other improvements today to the Iowa Racing and Gaming Commission. A state report issued today shows the casino industry contributed just ...more »

Business Formation
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Woman arresed on fraud charges in connection with local business
St. Augustine RecordMarch 1, 2012

The State Attorney's Office discovered fraud, identity theft and a fraudulently licensed mobile pet clinic. Tabor has been doing business as Pet Care a Van and Pet Caravan in St. Johns and Putnam counties, according to the report.more »

Government Construction Contracts
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Mills approved €94m to CP-Kumbour confirms
The Statesman OnlineMarch 2, 2012

The Attorney-General and Minister of Justice, Benjamin Kumbuor, Wednesday, confirmed to the Public Accounts Committee of Parliament that the €94 million judgement debt that was paid the UK owned Construction Pioneers through a global settlement in 2011 ...more »

Business Law
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Bill to help businesses raise capital goes too far
Washington PostMarch 14, 2012

John Coates is a professor at Harvard Law School. Robert Pozen is a senior lecturer at Harvard Business School and a senior fellow at the Brookings Institution. The House voted 390 to 23 last week for a bill to provide regulatory relief for small ...more »

Institutional Investing
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The Am Law 100, the Early Numbers: White & Case Posts Modest Revenue Gain in a ...
The Am Law DailyMarch 1, 2012

"Considering the investments we made in 2011, we are satisfied with our results," says White & Case chairman Hugh Verrier, who recently began his second four-year term in the firm's top leadership post. "We need to have the right people in the right ...more »

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The Fund Manager At The Center Of Russia's Tragic Hermitage Saga Talks Putin ...
Business InsiderMarch 1, 2012

In 2008, Sergei Magnitsky, a young lawyer who was working for Hermitage Capital, was arrested after he reported allegations of a huge tax $230 million fraud to the authorities. He found himself accused of the very crimes he was reporting, ...more »

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 »

Commercial Bankruptcy
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Bankruptcy postpones 'Hitler Cars' trial
KPCnews.comMarch 2, 2012

You need JavaScript enabled to view it AUBURN — A bankruptcy filing by Bunker Lakes Inc. has postponed a trial over ownership of three “Hitler cars” held by the company. “You just cannot go forward with it at all,” while Bunker Lakes is in bankruptcy, ...more »

Internal Investigative Services
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officers back at work after photo inquiry
Arizona RepublicMarch 1, 2012

The internal investigation that will determine whether the officers will be punished for violating department policies remains ongoing, said spokesman Sgt. Trent Crump. The four detectives and two supervisors formerly worked in the investigations ...more »

Commercial Leasing
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SD 161: Drew closed because it's easier to lease
SouthtownStarMarch 1, 2012

The latest vote was held on the advice of the district's attorney, after a resident filed a grievance saying the board possibly had violated a state law in conducting the previous vote, board President Mary Kenny said. About 250 people attended the ...more »

International Transactions
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USDOJ: Miami Taxidermist Sentenced for Wildlife Smuggling
7thSpace Interactive (press release)March 2, 2012

Federal law also prohibits the importation of fish or wildlife into the United States without proper declaration to both United States Customs and Border Protection (CBP) and the Fish & Wildlife Service (FWS). According to the allegations contained in ...more »

Communications & Media
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Military needs list of medal awardees to cut cases of fraud, lawmaker says
ScrippsNewsMarch 1, 2012

Joseph Davis with the Veterans of Foreign Wars supports Chaffetz's position, saying an easy-to-use database would help those who really served the nation, streamlining their access to health care, disability benefits and burial services.more »

James L. Evans: A call for immigration justice
Anniston StarMarch 2, 2012

Almost immediately, state legislators became aware of many unintended consequences in the law that affected local business and licensing practices. But beyond these bureaucratic inconveniences, there exists a host of other problems — not the least of ...more »

Construction & Development
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520 Gets an Environmental Pass
PubliColaMarch 1, 2012

The state house adopted legislation this afternoon that would give the Washington State Department of Transportation an exemption from state law, allowing them to continue construction on the 520 bridge across Lake Washington despite an ongoing ...more »

Locating Funds
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Prevention Funding: One Step Forward, Two Steps Back
Health Affairs (blog)March 1, 2012

The prevention cornerstone of the health reform law is the Prevention and Public Health Fund, a historic multiyear commitment to invest in the capacity of public health systems and engage communities in ways that allow making the healthy choice the ...more »

Contracts Involving State & Minicipality
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San Diego Law Firm Selected to Discuss Importance of Pursuing Creativity and ...
PR Web (press release)March 1, 2012

San Diego Law Firm is known for its unique recruiting and hiring approach which has subsequently led to the firm receiving such prestigious awards as One of the Top 10 Best Places To Work by San Diego Business Journal. San Diego Law Firm Community ...more »

Mergers, Acquisitions & Divestitures
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Breaking News: Carroll Independent Fuel Co. Acquires High's of Baltimore
Convenience Store DecisionsMarch 1, 2012

“The acquisition by Carroll will ensure the continuance of a well-recognized brand and the accelerated growth of the High's name within our market area,” says High's spokesperson. High's of Baltimore Inc. has divested its High's Dairy Stores to The ...more »

Controlled Substances Law
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Thirty-four charged by sheriff's office
Jackson Herald TODAYMarch 14, 2012

•Benita Jo David, 28, 148 Cooper Farm Road, Nicholson, violation of Georgia Controlled Substance Act. •William Shurmain David, 32, 148 Cooper Farm Road, Nicholson, violation of the Georgia Controlled Substance Act. •Charles Dwayne Helton, 42, ...more »

Mortgages & Foreclosures
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Albany is America's Foreclosure Congestion Capital
UPI.comMarch 8, 2012

Albany, ranked 77th in the nation overall by CoreLogic, is the most congested market in the nation with an average of 66 properties in the process of foreclosure for every single foreclosure that is on the market (REO). Every one of the 10 top most ...more »

Corporate Finance & Taxation
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Market Chatter -- Corporate finance press digest
Reuters AfricaMarch 1, 2012

* Tokyo Electric Power Co has agreed to sell its employee benefit subsidiary to Nippon General Food for about 4 billion yen ($49.42 million) to secure funds to cover compensation payouts for the nuclear disaster, the Nikkei reported.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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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 »

Professional Corporations
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Conservative call centre company has checkered legal history in US
The ProvinceMarch 2, 2012

By Glen McGregor and Stephen Maher, Postmedia News March 1, 2012 6:24 PM The company that handles the Conservative Party's computerized voter-identification system and powerful fundraising machine has a checkered legal history in the United States, ...more »

Customs Disputes
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Update on the latest news, sports, business and entertainment:
NECNMarch 1, 2012

The measure, an amendment to a pending transportation bill, would have allowed employers and insurers to opt out of portions of the president's health care law they found morally objectionable. That would have included the law's requirement that ...more »

Public Offerings
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Federal judge questions state attorney on new voter-registration law
Tallahassee Democrat (blog)March 2, 2012

By Bill Cotterell A highly skeptical federal judge raised pointed questions about Florida's new voter-registration law Thursday, demanding to know whether Republicans were really fighting voter fraud or just making it harder for their opponents to get ...more »

Debt Collection
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Global ARM News: Aktiv Kapital Buys Huge Debt Portfolio; EOS Group Opens ...
InsideARMMarch 1, 2012

European debt buyer and collection firm Aktiv Kapital announced Wednesday that it had purchased a large portfolio of non-performing consumer loans originated in the United Kingdom. The Oslo, Norway-based ARM firm said that the portfolio has a face ...more »

Reorganizations & Restructuring
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Ningbo Steel gains after restructuring
SteelGuruMarch 5, 2012

Baosteel embraced Ningbo Steel officially on the reorganization project. At that moment, Ningbo Steel was walking on the edge of the cliff with accumulated deficit more than CNY 1 billion. Up to today, Ningbo Steel has stretched over three consecutive ...more »

Debt Settlement
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Arizona Bankruptcy Essentials: Chapter 7 Dischargeability Concerns
JD Supra (press release)March 4, 2012

Did you know that the Chapter 7 Liquidation continues to be the most sought after form of bankruptcy protection for the consumer debtor? There are at least three reasons for this: First, Chapter 7 provides a predictable and expedient form of debt ...more »

State & Minicipal Bonds
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Eminent Domain Law Could Raise Pricetag for Transportation Projects
Williamsburg Yorktown DailyMarch 2, 2012

On Wednesday, the House of Delegates passed, in a 77-19 vote, an accompanying bill that would give businesses the ability to sue state and local government agencies for lost profits resulting from eminent domain or public projects that damage or close ...more »

Directors' & Officers' Liability
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Beazley Expands Private Enterprise Underwriting Team
MarketWatch (press release)March 1, 2012

Sarah joins Beazley with nine years of experience in professional liability insurance. She was most recently a senior underwriter with Chartis, which included a focus on technology errors and omissions, network security and privacy liability, ...more »

Trade Associations
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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 »

False Advertising
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Standing out in the crowd
Bahamas TribuneMarch 1, 2012

By DEIDRE BASTIAN IT'S NO secret that the Internet has tremendously impacted the advertising industry, and online ads are continuing to increase in volume each year. But does this indicate that print advertising is over and will die a slow death?more »

Unfair Competition
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Foreign observers: serious problems in Russia vote Russian election deemed ...
The Daily StarMarch 5, 2012

The observer mission did not directly address complaints of widespread cases of people casting multiple ballots, but said the vote count "was assessed negatively" in almost a third of polling stations observers visited. "There was no real competition, ...more »

Federal Contracts
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How to determine if you need to consult with an attorney before signing a contract
Smart Business NetworkMarch 1, 2012

Smart Business spoke with Ludden about common trouble spots in contracts and what measures a business owner should take before entering into any agreement. Is it ever alright to sign a contract without consulting an attorney? Law is a lot like medicine ...more »

Venture Capital
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Venture capital firm Fortify launches DC's first tech accelerator
The Next Silicon ValleyMarch 6, 2012

Fortify Ventures LLC and at least a dozen of its portfolio companies are immigrating to DC in a mass headquarters shift, launching the District's only bona fide startup accelerator with the help of $100000 from Mayor Vincent Gray.more »


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