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

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Reforms coming to the state foster care system
kjrh.comMarch 1, 2012

"Litigation was hotly contested for years," said Oklahoma Attorney General Scott Pruitt. "The state defended the case pretty aggressively," said Marica Lowry, executive director of Children's Rights. It's all been over a federal suit that claims the ...more »

Northern Ireland report: Statistically the future is Catholic and female
Belfast TelegraphMarch 1, 2012

Both dissident republicans and loyalists who have turned to crime look likely to continue to operate. The dissidents have a far lower capacity than the IRA enjoyed at any point in their campaign but they have no political exit strategy.more »

Business Law News and Stories

Advertising
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Judge rules video of Mirkarimi's wife OK at trial
Sacramento BeeMarch 1, 2012

AP SAN FRANCISCO -- A judge has denied a request by lawyers for the wife of San Francisco Sheriff Ross Mirkarimi to not allow a video as evidence during his domestic violence trial. Judge Garrett Wong ruled Wednesday that a video of Eliana Lopez ...more »

Federal Grants
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Memo causes confusion about start of bullet train construction
Los Angeles TimesMarch 1, 2012

The start of construction has loomed large over the entire project. The Federal Railroad Administration has issued $3.3 billion in grants. Federal law requires that the money be spent by 2017 or forfeited. The grant agreements also set conditions that ...more »

Antitrust Law, Domestic
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Google Privacy Changes: 6 Steps To Take
InformationWeekMarch 1, 2012

But fearful of being outmaneuvered by Facebook, Google ignored heightened regulatory scrutiny over search-related antitrust issues and began mixing its so-called organic search results with Google+ search results. That only made lawmakers more ...more »

Foreign Investments
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TABLE-Foreign investors continue net buying of Japan shares
ReutersMarch 1, 2012

TOKYO, March 1 (Reuters) - Foreign investors were net buyers of Japanese stocks for a ninth straight week through Feb. 25, the latest capital flows data from Japan's Ministry of Finance showed on Thursday. Details of net investments were as follows (in ...more »

Franchising
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NFL: Giants make 2 coaching changes, Eagles franchise WR Jackson
The SaratogianMarch 2, 2012

Ryan's biggest job will be working with Eli Manning, who set franchise records with 589 passes, 359 completions and 4933 yards last year. Manning orchestrated wins over the Jets and Cowboys to end the regular season, allowing New York to clinch the NFC ...more »

Banking Law
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Politicos Seek Redress From California Bank
Courthouse News ServiceMarch 2, 2012

By MATT REYNOLDS LOS ANGELES (CN) - Four California lawmakers claim in Superior Court that First California Bank helped campaign treasurer Kinde Durkee siphon more than $1 million from their accounts. Durkee, once a respected treasurer for dozens of ...more »

Gaming Law
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Delaware North Companies Gaming & Entertainment Announces Joint Venture With ...
MarketWatch (press release)March 2, 2012

Information set forth in this news release contains various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform ...more »

Business Formation
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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 »

Government Construction Contracts
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National Quarries losing million$ in Sunway deal
Trinidad & Tobago ExpressMarch 4, 2012

By Carla Bridglal Already faced with close to $100 million in debt, State-owned National Quarries Company Ltd (NQCL) has found itself stuck with having to honour a five-year, $300 million contract with Malaysian-based Sunway Construction (Caribbean) ...more »

Business Law
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Big Businesses Wants All or Nothing Court Ruling on Health Law
BusinessWeekMarch 15, 2012

They say that ending the provision mandating that all Americans be insured would increase the cost of the rest of the law. The concern has split the business community, and could aid the law's defenders, said Neera Tanden, president of the ...more »

Institutional Investing
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Proskauer Expands Litigation Practice, Private Investment Funds Capabilities ...
MarketWatch (press release)March 1, 2012

Mr. Mungovan was the founder and leader of the Private Fund Disputes team and was formerly the Practice Group Leader of the Commercial Litigation and Financial Services and Securities Litigation Practice Groups at Nixon Peabody.more »

Commercial
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Siima - Working in Family Business
AllAfrica.comMarch 1, 2012

By Katare Mbashiru, 1 March 2012 Seated on her rectangle shaped table in her office, Siima Kairuki-Mujemula seems comfortable and happy as she continues discharging her duties as a lawyer, a profession that is highly respected all over the world.more »

Highpoint Apartments attract flurry of interest
Boston.comMarch 1, 2012

Harrington worked for a law firm that had dealings with Roseland Properties, the current manager of the Highpoint Apartments (which owns the parcel along with Boston real estate firm The Congress Group under the entity Highpoint Apartments LLC).more »

Commercial Bankruptcy
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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 »

Internal Investigative Services
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Internal inquiry covers four UK newspapers
Emirates 24/7March 1, 2012

... the Management and Standards Committee (MSC) of Murdoch's US-based News Corp, is investigating reporting practices across all Murdoch's current and former UK properties, said one of the sources familiar with the company's internal investigations.more »

Commercial Leasing
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Durban sustains demand for commercial property
eProp.co.zaMarch 1, 2012

Over 2011, Williams concluded in excess of 85 transactions for the lease and sale of commercial property in the region, receiving an award for achieving the highest individual sales turnover for any JHI Properties broker nationally.more »

International Transactions
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SDRL - Flagging/Follow Up on Mandatory Notification of Trade by Hemen Holding ...
Energy Digital (press release)March 3, 2012

This information is subject to the disclosure requirements pursuant to section 4-1 and section 4-2 of the Norwegian Securities Trading Act. This announcement is for information purposes only and is not an offer to sell, or the solicitation of an offer ...more »

Communications & Media
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Telstra blocks child porn 700 times per day
The AustralianMarch 2, 2012

The Australian Law Reform Commission's 400-page review of the national classification scheme also revealed that at least five Australian internet providers run the filters in cooperation with the Australian Federal Police (AFP). To date only Telstra, ...more »

LRC's Capitol Notes: Social worker licensing bill passes House, off to Senate
KyForward.comMarch 6, 2012

“As we hire people, starting this July, if we're hiring social workers to work front lines, we should be hiring licensed social workers.” Should HB 237 become law, social workers with social work degrees who are currently employed by the state would ...more »

Construction & Development
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ASIC argues its case over continuous disclosure law
Sydney Morning HeraldMarch 1, 2012

Neil Young, QC, for the Australian Securities and Investments Commission, was answering submissions on behalf of Andrew Forrest and Fortescue Metals Group that there were reasonable grounds in 2004 to believe agreements with three Chinese construction...more »

Locating Funds
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Funding a Small Business: 7 Financing Sources to Consider
JD Supra (press release)March 1, 2012

Remember: Your bank most likely has money to lend, but its risk tolerance has been lowered due to the current economic and regulatory environment.” (Planning, Preparation Key to Securing Credit by McAfee & Taft) “The [2010 Small Business] Jobs Act...more »

Contracts Involving State & Minicipality
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City council keeps attorney, changes firms
Hometownlife.comMarch 1, 2012

A new law firm is now representing the city of Novi after current city attorney Tom Schultz left his previous employer, Farmington Hills-based Secrest Wardle, to join a new firm. Schultz will remain the city's attorney while working for Johnson, ...more »

Mergers, Acquisitions & Divestitures
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Texas Tech School of Law gala honors Distinguished Alumni
LubbockOnline.comMarch 8, 2012

During the course of his legal career, he has negotiated more than $15 billion in merger, acquisition, divestiture and financing transactions in the energy industry. He serves on the board of trustees of the Tech School of Law Foundation and the board ...more »

Controlled Substances Law
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ER docs don't recognize signs of fake pot in teens
Detroit Free PressMarch 19, 2012

Its one-year ban, set to expire soon, puts the substances under Schedule I classification, the most restrictive under the Controlled Substances Act. Schedule I drugs are found to have a high potential for abuse and no accepted medical uses.more »

Mortgages & Foreclosures
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Florida Morning: No university tuition hikes; redistricting case begins
Florida Times-Union (blog)March 1, 2012

Florida Times-Union http://bit.ly/xSnDmk HOUSE PASSES FORECLOSURE BILL: HB 213 includes provisions to allow any lienholder to instigate the foreclosure process and allows lenders to inspect properties and declare them abandoned after three site visits.more »

Corporate Finance & Taxation
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Roxbury police charge two for tax refund scheme
New Jersey HillsMarch 1, 2012

Township police have arrested and charged two Bronx, NY men with what they are describing as a large scale, identity theft and tax fraud scheme. Chief James Simonetti of the Roxbury Township Police Department detailed the arrest Thursday.more »

Non-Profit Corporations
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Alison Lundergan Grimes' supporters thanked and made Kentucky Colonels
Louisville Courier-JournalMarch 2, 2012

Today, the organization is incorporated as a charitable organization with by-laws directing it to be nonpartisan, nonprofit and dedicated to good works within the commonwealth. Over the years, Colonels have contributed millions of dollars to worthy ...more »

Creditor's Rights
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Investors call on ECB to play fair in sovereign credit
Reuters UKMarch 5, 2012

... their creditor rights and whether they should blacklist bonds purchased during emergency sprees by the lender of last resort. By sidestepping markdowns on Greek bonds, the ECB has effectively robbed fellow senior creditors of their top rank status, ...more »

Professional Corporations
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CORRECTING and REPLACING Grupo Aeroportuario Del Pacifico, S.A.B. de C.V. ...
MarketWatch (press release)March 5, 2012

XII Designation of the President of the Audit and Corporate Practices Committee. XIII The report concerning compliance with Article 29 of the Company's by-laws regarding acquisitions of goods or services or contracting of projects or asset sales for ...more »

Customs Disputes
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Model Student Faces Deportation as DREAM Act Remains Pending
Daily NexusMarch 1, 2012

By Erika Martin UCSB student Cindy Reyna, who was taken into custody at the Santa Barbara County Jail last Thursday after being unable to produce American identification at a DUI checkpoint in Goleta, is now being held in an Immigration and Customs...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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Struggling Fashion Co. Connaught Gets OK To Sell Itself
Law360 (subscription)March 1, 2012

By Lisa Uhlman Law360, New York (March 01, 2012, 4:37 PM ET) -- A New York bankruptcy judge on Thursday gave high-end fashion retailer Connaught Group Ltd., maker of the Carlisle and Per Se clothing collections, the green light to sell itself to the ...more »

Reorganizations & Restructuring
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Board aims to restructure library, move Children's Room
NorthJersey.comMarch 1, 2012

"This reorganization is our strategy for making the best of a difficult situation." But residents expressed their concerns regarding moving the Children's Room, at the Rutherford Library Board of Trustees meeting on Feb. 15. Hamer outlined the board's ...more »

Debt Settlement
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Chadbourne & Parker Appoint 6
JDJournal.comMarch 3, 2012

The law firm, which covers the gamut of legal services, from mergers and acquisitions, to intellectual property and antitrust, to real estate and bankruptcy, is an international player, with offices in Russia, Turkey, the Middle East, Latin America, ...more »

State & Minicipal Bonds
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Houston Insurance Claims Lawyer Says 2011 Natural Disasters Can Lead to 2012 ...
Houston ChronicleMarch 1, 2012

Wyly said businesses and homeowners don't have to tolerate such treatment. “Our law helps Texans fight for proper responses to first-party insurance claims involving residential property damage, commercial property losses and natural disaster claims,” ...more »

Directors' & Officers' Liability
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Friendly Laws Enhance Insurance Penetration
AllAfrica.comMarch 2, 2012

Choose the limit of liability that you are comfortable with, and then choose the cover for your company," Dulo said. Chartis said claims against directors and officers are becoming more frequent in all types of companies, regardless of their size or ...more »

Trade Associations
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Google 'breaching European laws'
Independent OnlineMarch 1, 2012

Japan's trade and industrial ministry warned on Wednesday that Google must follow Japan's privacy law in implementing its new approach, and that Google needed to provide explanations to address users' concerns. “It is important for the firm to be ...more »

False Advertising
[read all news]
Rigrodsky & Long, PA Announces A Securities Fraud Class Action Lawsuit Has ...
MarketWatch (press release)March 1, 2012

WILMINGTON, Del., Mar 01, 2012 (BUSINESS WIRE) -- Rigrodsky & Long, PA announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons and entities that purchased ...more »

Unfair Competition
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Unfair competition by fiduciaries proves costly
Lexology (registration)March 5, 2012

Within hours of their resignations, three of the former employees met with current GasTOPS employees and described their plans to start a new business focused on aviation maintenance software, in competition with GasTOPS. Just over a week after the ...more »

Federal Contracts
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US still interested in Embraer Tucano after problem
ReutersMarch 1, 2012

With future orders, the contract is believed to be worth as much as $1 billion. The US Air Force blamed "faulty paperwork" for the cancellation of the contract, which is also being challenged in US Federal court by the losing bidder, Hawker Beechcraft ...more »

Venture Capital
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Intel Capital announces $100 million new fund to invest in...
SiliconValley.comMarch 1, 2012

Intel's (INTC) venture capital arm Wednesday announced a $100 million fund to invest in "connected car" technology. "The car is the ultimate mobile device," said Staci Palmer, general manager of Intel's Automotive Solutions Division.more »

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