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

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Opponents question EPA authority in greenhouse gas case
ReutersMarch 1, 2012

Although the judges questioned the standing of the challengers' case, Sentelle and fellow judge David Tatel appeared open to the industry argument that the EPA could have used a different interpretation of the Clean Air Act, rather than having to use ...more »

Can a court force jurors to turn over Facebook posts about a trial?
Thomson Reuters News & InsightMarch 1, 2012

Now, thanks to a case in California state appellate court, we're going to get some guidance on how far a court can go to discover just what a juror is telling his "friends" and "followers." Next month, the Third Appellate District of the California ...more »

Business Law News and Stories

Advertising
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Putin Considers Ban on Commercial Advertising on TV
RIA NovostiMarch 1, 2012

Vladimir Putin called for “purging” state TV channels of commercial ads while at a conference on Wednesday. He did not deny that advertising is what keeps a channel on the air. “Many Russian media outlets are entirely focused on their commercials,” he ...more »

Federal Grants
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School Districts Will Be Allowed to Apply for Federal Education Money ...
Bell Gardens SunMarch 3, 2012

Villaraigosa also pushed for the ability of individual school districts to be freed from the requirements of the No Child Left Behind Act, a federal program conceived by President George W. Bush's administration that ties school funding to performance ...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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International ambitions to boost investment in city
This is NottinghamMarch 1, 2012

"We are delighted that UKTI East Midlands attended last night to set out how they can support business in international trade and attracting Foreign Direct Investment." The event was also addressed by Brad Miller, the managing director of East Midlands ...more »

Franchising
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Advice From Five Serial Franchisers Who Made A Killing
Business InsiderMarch 1, 2012

Franchises are attractive businesses to operate if you want to own your own business but don't want the hassle of starting something from scratch. From a franchiser's standpoint, it can be very profitable if the product or service answers a need in the ...more »

Banking Law
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Argentina wants to tap more central bank reserves
ReutersMarch 2, 2012

Those excess reserves have shrunk to near zero, prompting Fernandez to request a change in the "convertibility" law. "We have to know that the central bank is functioning for the good of the real economy," the charismatic 59-year-old leader said during ...more »

Gaming Law
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Video gaming survives again
Greensboro News & Record (blog)March 6, 2012

The legislature's most recent effort to ban electronic gaming was a sweeping law passed in 2010. Today, the NC Court of Appeals, in a split decision, rules that "the entirety of NC Gen. Stat. § 14-306.4 is an unconstitutionally overbroad regulation of ...more »

Business Formation
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Houston Insurance Claims Lawyer Says 2011 Natural Disasters Can Lead to 2012 ...
PR Web (press release)March 1, 2012

Attorney Brad T. Wyly of Houston's Wyly Law Firm, PC, says insurers could balk at paying claims after Texas' year of wildfires, tornadoes, floods and other widespread storm damage. Houston first-party insurance claims attorney Brad T. Wyly Insurance ...more »

Government Construction Contracts
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Ontario awards $600m contract to refurbish Darlington nuclear station
Hamilton SpectatorMarch 2, 2012

Ontario Power Generation said the contract involves drafting plans and replacing major components of the four reactors at the station in Clarington. The four-year contract announced Thursday for the definition phase is the first step in the ...more »

Business Law
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SC law lets farmworkers, nannies sidestep immigration checks
The StateMarch 18, 2012

If deterring illegal immigration is the reason for the bill, then the loophole defeats its purpose, said Frank Knapp, executive director of the SC Small Business Chamber of Commerce. “When you think of businesses that attract undocumented workers, ...more »

Institutional Investing
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Reform Law Intensifies Push To Better Coordinate Healthcare
Neon TommyMarch 1, 2012

But because of the healthcare law, providers now have a clear incentive. This year, Medicare will deliver better rates to care providers who score well on two dozen benchmarks. Intrigued by the possibility of savings, private insurers are experimenting ...more »

Commercial
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Weakness in Romanian justice system, long settlement terms bring higher ...
Romania-Insider.comMarch 1, 2012

The Romanian commercial arbitration market reported an increase of over 85 percent on the peak values arising in arbitration cases, in the last three years, according to Chiuariu & Asociatii law firm. The highest amount disputed in a case registered at ...more »

Political reform: new laws, new parties
The Voice of RussiaMarch 3, 2012

In addition, the president can lose confidence in a governor if he turns out to be corrupt or if his and the president's interests clash. These provisions of the law on governor elections make it possible for the people to monitor the activities of ...more »

Commercial Bankruptcy
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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 »

Internal Investigative Services
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Cops concerned about police probe
Northern StarMarch 4, 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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Arctic Ocean drilling: Shell launches preemptive legal strike
Los Angeles TimesMarch 1, 2012

In a petition for declaratory relief filed in US District Court in Anchorage, the oil giant seeks to have the court rule that the US government complied with federal law when it approved Shell's oil spill response plan for upcoming exploratory ...more »

International Transactions
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Chadbourne & Parke Appoints Two International Partners, One International...
Bradenton HeraldMarch 2, 2012

Alejandro Landa, based in Chadbourne's Mexico City office, counsels companies and financial institutions on a broad range of legal issues with a particular emphasis on financial, securities and corporate transactions including public bids, ...more »

Communications & Media
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Speaker Media and Marketing Hosts Two Day Bootcamp for Law Firm Marketing ...
PR Web (press release)March 1, 2012

Law Firm Marketing Directors need a very different skill set today then they did just a few years ago. Because of that Cindy Speaker, CEO of Speaker Media and Marketing has put together a two day bootcamp to provide hands on training for law firm ...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 »

Construction & Development
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Former CEO of St. Louis-area medical firm indicted
STLtoday.comMarch 1, 2012

Dunard Morris, 48, the former chief executive of Chesterfield-based Metropolitan Urological Specialists PC, was indicted late Wednesday on multiple counts of mail fraud and wire fraud as well as violations of a federal statute that makes it a crime to ...more »

Locating Funds
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House Restores Funding for Alicia's Law
PotomacLocal.comMarch 1, 2012

The House of Delegates has restored funding for Alicia's Law, a two-year-old effort targeting sexual abuse of children, after Democrats said Gov. Bob McDonnell's proposed state budget shortchanged the program. McDonnell planned to transfer $1.3 million ...more »

Contracts Involving State & Minicipality
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RPT-UPDATE 2-Critics question cost as consultants nip and tuck SEC
ReutersMarch 1, 2012

A spokesman for Booz Allen Hamilton acknowledged the company is under contract with the SEC, but declined to discuss the details about the work being performed. The SEC has acknowledged the need for an internal facelift. Government watchdogs found in a ...more »

Mergers, Acquisitions & Divestitures
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It May Be Time To Buy Goldman Sachs
Seeking AlphaMarch 1, 2012

Its Investment Banking segment offers financial advisory services, including advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting activities ...more »

Controlled Substances Law
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7-year sentence given for bath salts
Lawrence Journal WorldMarch 16, 2012

The “bath salts” were not yet on a law enforcement list of controlled substances, but he was convicted for possessing a “structural analogue” of the drug with the intent to distribute it. Federal prosecutors had argued the substance was similar to the ...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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Australian-Canadian Oil Royalties Ltd. Announces Closing of Surat Basin Assets ...
MarketWatch (press release)March 1, 2012

He also holds the ICAEW Corporate Finance qualification and a B. Comm. degree from the University of Saskatchewan (Canada). The Company also advises that Robert Kamon has retired from the Board, and has also relinquished his duties as Corporate ...more »

Non-Profit Corporations
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Letters: Whose rights matter more, church's or employees'?
Detroit Free PressMarch 4, 2012

The rights of religious institutions, such as hospitals and colleges, are being made superior to that of their employees. Religious institutions cannot discriminate in employment, but in this instance the law legalizes discrimination against the ...more »

Creditor's Rights
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Greece's Swiss-Franc Bondholders Form Group Battling for Rights
San Francisco ChronicleMarch 6, 2012

March 6 (Bloomberg) -- Investors in Greece's Swiss franc bonds have formed a group to fight for their rights as the country seeks to pare about 106 billion euros ($139 billion) of debt as part of an international bailout. The group is concerned by the ...more »

Professional Corporations
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VLP Law Group LLP announces Stephen Wright and Patrick Valentino have joined ...
California NewswireMarch 1, 2012

... real estate transactional law, including development, acquisition, joint ventures, commercial financing, leasing, dispositions, entity structuring, partnership and limited liability company agreements and construction involving office, industrial, ...more »

Customs Disputes
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Wig and gown in vogue on the catwalk
Financial TimesMarch 1, 2012

Few global industries outperform the booming €185bn fashion and luxury sector, and law firms are rapidly evolving to understand the needs and priorities of some of the world's most lucrative retail brands. “Fifteen years ago there were no 'luxury ...more »

Public Offerings
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226000 petition signatures for repeal of emergency manager law land in Lansing
Detroit Free PressMarch 1, 2012

Monica Lewis-Patrick of Detroit chants Wednesday while passing boxes of signatures as a group delivered the signed petitions to the Department of State Bureau of Elections. Attorney General Bill Schuette said if the 2011 law was suspended, ...more »

Debt Collection
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10News investigates Knoxville and Knox Co. delinquent property taxes
WBIR-TVMarch 1, 2012

But Knoxville Collections Manager Donna Dyer said most people pay their bills. "Generally speaking, between 95 and 96 percent of those that own property in the city of Knoxville pay their taxes on a current basis," Dyer said.more »

Reorganizations & Restructuring
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Hostess Brands names CEO to steer company through bankruptcy reorganization
Washington PostMarch 9, 2012

Rayburn, who is 53 and joined Hostess as chief restructuring officer in February, will also oversee the company's overall strategy and negotiations with its union. Hostess noted in a statement that Rayburn has had a long career in helping turn around ...more »

Debt Settlement
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Junior explorer soars on gold results
StockhouseMarch 1, 2012

The debt settlement will allow the company to restructure $1313031 of outstanding debt (approximately 25% of the company debt) through the issuance of 3209633 shares; 1/3 at 25 cents, 1/3 at 50 cents, and 1/3 at 75 cents. Ithaca Energy (TSX: T.IAE, ...more »

State & Minicipal Bonds
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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 »

Directors' & Officers' Liability
[read all news]
Supreme Court Ruling Could Make it Tougher for Railroad Workers Injured by ...
Asbestos.comMarch 1, 2012

Railroad workers filing liability claims over illnesses and injuries sustained from asbestos exposure may have a more difficult time after a surprise ruling this week by the United States Supreme Court. In a decision authored by Justice Clarence Thomas ...more »

Trade Associations
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Arms Trade Treaty – The Hell With Congress
AmmoLand.com (press release)March 12, 2012

The fact is that our Constitution does not protect us against the growing customary international law or the growing norm of global civilian disarmament. There are many references in the literature which address this situation.more »

False Advertising
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Cassels Brock | Supreme Court of Canada's Impression of Misleading Advertising...
Linex Legal (press release) (registration)March 1, 2012

While brought under the Quebec Consumer Protection Act, this decision will likely significantly influence the way courts and regulators approach the “general impression” test in misleading advertising cases generally, including under the Competition ...more »

Unfair Competition
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Fresenius Medical Care AG & Co. KGaA; Analysis of Agreement Containing Consent ...
Insurance News Net (press release)March 6, 2012

/1/ Your comment will be kept confidential only if the FTC General Counsel, in his or her sole discretion, grants your request in accordance with the law and the public interest. FOOTNOTE 1 In particular, the written request for confidential treatment ...more »

Federal Contracts
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Proview Lawyer Hopes Apple Makes Contact for IPad Trademark Settlement
BloombergMarch 1, 2012

Roger Xie said the two sides haven't held any formal negotiations on the issue of which company owns the right to use the iPad brand in the world's most populous nation. Lawyers presented arguments for almost six hours yesterday at the Higher People's ...more »

Venture Capital
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Venture capital managers affect firms' success, UC Davis study finds
UC DavisMarch 1, 2012

Corporate venture capital investment strategies, goals and outcomes vary greatly depending on the background of the investment manager, a new University of California, Davis, study shows. In an analysis of the corporate venture capital units of 93 ...more »

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