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

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•4 killed as sect bombs Maiduguri •Nobody died —JTF •NYSC stops posting of ...
Nigerian TribuneMarch 1, 2012

OPERATIVES of the dreaded Islamic militant sect, Boko Haram are said to have started combing fertiliser markets in search of materials to be used for bombs following the decision of security agencies to tighten rules on use of dynamites and explosives.more »

Normal trade with India ''tied'' to level-playing field
Business Recorder (blog)March 1, 2012

The Commerce Ministry has been allowed in principle to make appropriate changes in the defence trade laws in consultation with the stakeholders to allay apprehensions of the industrial sector for using these laws more effectively against any unfair ...more »

Business Law News and Stories

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Tobacco health labels violate free speech
msnbc.comMarch 1, 2012

By Jeremy Pelofsky WASHINGTON — A US judge sided with tobacco companies on Wednesday, ruling that regulations requiring large graphic health warnings on cigarette packaging and advertising violate free-speech rights under the US Constitution.more »

Federal Grants
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Former director of the state's abstinence program sentenced to 70 months in prison
The RepublicMarch 1, 2012

Dignam's indictment alleged she secretly directed about $9000 in government funds to a son and another unidentified part of a fraudulent scheme conducted from 2004 through 2006. Trial evidence showed that she used her position with the state ...more »

Antitrust Law, Domestic
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Legal Business Development: All Innovative Thinking Lawyers Raise Your Hands!
JD Supra (press release)March 1, 2012

But how long will you stay in what once was a perfect business model that is now past its prime? That is the question. "The music business was perfect. Radio, record chains, Rolling Stone magazine, the senior prom, limited access to recording studios, ...more »

Foreign Investments
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Zimbabwe Government Intention Not To Nationalize - Minister
Fox BusinessMarch 1, 2012

The minister said Zimbabwe wants foreign investment and companies should consider ways to meet the law, including community trusts and employee ownership schemes. Zimbabwe's Prime Minister Morgan Tsvangirai, a member of the opposition to President ...more »

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Staffing 360° Solutions Announces Commencement of Operations
Business Wire (press release)March 2, 2012

NEW YORK--(BUSINESS WIRE)--Staffing 360° Solutions (Golden Fork Corporation d/b/a Staffing 360° Solutions) (OTCBB: GDNF) today announced its commencement of operations in the international staffing sector pursuant to a consolidation business model.more »

Banking Law
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Fresh Iran deadline passes with no new sanctions
Atlanta Journal ConstitutionMarch 1, 2012

One such institution, the Dubai-based Noor Islamic Bank, said Wednesday that it had stopped doing business with Iranian banks in December, shortly before Obama signed the defense bill into law. Noor appears to have acted, at least indirectly, ...more »

Gaming Law
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Gaming policy expert says Aquinnahs have 'zero chance' at casino license
Taunton Daily GazetteMarch 14, 2012

The Massachusetts gaming legislation, signed into law in November, provides a federally recognized Native American tribe a first shot at applying for a casino license for southeastern Massachusetts. But UMass Dartmouth's Director of the Center for ...more »

Business Formation
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EPA Names Eastman Chemical Company 2012 ENERGY STARR Partner of the Year
ReutersMarch 1, 2012

EPA Names Eastman Chemical Company 2012 ENERGY STAR R Partner of the Year Eastman earns award for protecting the environment through superior energy efficiency KINGSPORT, Tenn., March 1, 2012 - The US Environmental Protection Agency (EPA) has named ...more »

Government Construction Contracts
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NDC Coughs €94m To CP
Daily GuideMarch 1, 2012

DR BENJAMIN KUNBUOR, Attorney-General and Minister of Justice, yesterday defended the controversial judgment debt payment to Construction Pioneers (CP), which is among many others that have become a source of concern to Ghanaians and an albatross ...more »

Business Law
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NO council adopts contractor compliance law
The Oshkosh NorthwesternMarch 17, 2012

The Times-Picayune reports ( the law was opposed by the Business Council of New Orleans, which called it a potential drag on the city's rebounding construction industry. Supporters of the proposal, including the AFL-CIO, ...more »

Institutional Investing
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Investments in Zimbabwe are protected - Lionel October 1, 2012

“Our investment protection agreement means all our investments are protected and they cannot be expropriated,” October told reporters in Cape Town today. “The bilateral agreement is law and that is sacrosanct.” Zimbabwe, which with South Africa holds ...more »

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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 »

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 »

Commercial Bankruptcy
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Wells Fargo, Goldman may face charges over bonds
Malaysia StarMarch 1, 2012

NEW YORK: Goldman Sachs Group Inc and Wells Fargo & Co may face federal enforcement action related to mortgage-backed securities deals leading into the financial crisis, according to the banks in regulatory filings. The disclosures are the latest sign ...more »

Internal Investigative Services
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Filings show police investigated Alaska officer
KOB.comMarch 4, 2012

Christine Schleuss, a lawyer for five of the nine women involved in the suits, said she's seeking information beyond the summaries of internal investigation reports provided to her. "However, incomplete as they are, they describe (the city's) pattern ...more »

Commercial Leasing
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Global flurry creates opportunities for smaller legal players
Legal Business OnlineMarch 1, 2012

Partners in the construction and retail leasing, for example, have been quick to leave the newly global firms following the mergers. But as the saying goes, one man's trash is another man's treasure, according to firms active in those practices.more »

International Transactions
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McCarter & English Appoints Managing Partners for Philadelphia and Wilmington ...
EON: Enhanced Online News (press release)March 6, 2012

“I have known Tray for 20 years, and he is one of the finest attorneys I know; Tray is a recognized leader in the commercial transactions arena, having handled many megadeals,” said Michael P. Kelly, Chairman of the firm's Executive Committee.more »

Communications & Media
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Centre draws the line for judiciary over 2G licence scam ruling
Daily MailMarch 1, 2012

However, the government stressed it was merely questioning the 'conclusions of law' and not the quashing of the licences which were allotted by the Department of Telecommunications (DoT) under former telecom minister A. Raja.more »

Hollywood Docket: Jimmy Buffett Settles Martiniville Flap; Pirate Bay Removes ...
Hollywood ReporterMarch 1, 2012

We're taking a trip to see what's making news in the entertainment law world ... Jimmy Buffett has settled a trademark dispute with Florida restaurant Martiniville Liquor Bar & Kitchen, which he claimed infringed his "Margaritaville" trademark.more »

Construction & Development
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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 »

Locating Funds
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New Wording, New Funding to Keep Anti-Bullying On the Books
Patch.comMarch 2, 2012

By John Mooney, With the clock ticking, the lead sponsor of New Jersey's anti-bullying law said she is close to filing new language -- and finding new money -- that will help the wide-ranging policy pass constitutional muster.more »

Contracts Involving State & Minicipality
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Thurgood Marshall Jr. named to Genesco board
The TennesseanMarch 1, 2012

“He brings to the company valuable perspectives gained from his broad experience in business, public service and the law, including a particular expertise in corporate governance and ethics." “Genesco has enjoyed great success in recent years and seems ...more »

Mergers, Acquisitions & Divestitures
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FOCUS Represents Digital Intelligence Systems Corporation in Acquiring the ...
Citybizlist (press release)March 7, 2012

Washington, DC - FOCUS LLC, a national middle market investment banking firm providing merger, acquisition, divestiture and corporate finance services, announced today that Digital Intelligence Systems Corp. (DISYS) has acquired certain assets of ...more »

Controlled Substances Law
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Local schools look at issue concerning legal synthetic pot
Barrow JournalMarch 26, 2012

A bill is currently being pushed in the Georgia legislature that addresses the versions of synthetic marijuana that do not fall under the controlled substances act. If Senate Bill 370 passes, all versions of synthetic marijuana will be illegal, ...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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Idenix Pharmaceuticals Elects Thomas Hodgson as Chairman of the Board and ...
MarketWatch (press release)March 1, 2012

Mr. Wyzga has more than 20 years of experience in the biotechnology and high-technology industries providing leadership in the areas of corporate finance, strategic planning and business development, most recently serving as Executive Vice President, ...more »

Non-Profit Corporations
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On the Boards
Philadelphia InquirerMarch 12, 2012

Dennis Rivell has been named to the board of Durand Academy & Community Services Inc., a Mount Laurel nonprofit organization that serves children and adults with special needs. He is principal of Foy Public Affairs Group in Delran.more »

Creditor's Rights
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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 »

Professional Corporations
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US Supreme Court hears corporate human rights abuse case
GlobalPostMarch 1, 2012

Shell argues that the 223-year-old law applies to individuals, not corporations and that allowing the suit to proceed would damage the US's ability to conduct foreign policy, and discourage investment in developing nations. Shell's lawyers say that ...more »

Customs Disputes
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Inside the murky world of olive oil
The AustralianMarch 2, 2012

"There is only one law and that is the IOC law," he says, speaking by phone from Deoleo's Madrid headquarters. "The rest is voluntary. I don't need to fulfil any specific standard that isn't legal, in any other part of the world.more »

Public Offerings
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Woyome's lawyer slams Martin Amidu: He is misleading the public
Myjoyonline.comMarch 1, 2012

He stated also that while in office he refused to succumb to pressure by way of memos to withdraw a pending suit against Mr Woyome to enable the Republic pay an additional GH¢9 million in judgment debt award to Alfred Woyome in final settlement of ...more »

Debt Collection
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Debt Collector Settles with Georgia for $15.5 Million
InsideARMMarch 1, 2012

Dorsey Thornton & Associates, LLC, a Georgia debt collections company, and its principal officers Wyteria Dorsey and Michael Thornton, have entered into an Assurance of Voluntary Compliance with the Governor's Office of Consumer Protection (OCP), ...more »

Reorganizations & Restructuring
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Dynegy Disputes Examiner's Fraudulent Transfer Finding
BusinessWeekMarch 16, 2012

Dynegy put the units into Chapter 11 court protection with a restructuring agreement backed by a group of bondholders including Franklin Advisers Inc. and Avenue Capital Group, according to court documents. The bankruptcy filing came after bondholders ...more »

Debt Settlement
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Whyte's lawyers in bankruptcy fear
Herald ScotlandMarch 2, 2012

THE law firm at the heart of Craig Whyte's Rangers takeover could face bankruptcy if a legal ruling forces it to pay out millions of pounds for its involvement in an alleged sham investment scheme. The revelation comes as Rangers players prepare to ...more »

State & Minicipal Bonds
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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 »

Directors' & Officers' Liability
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Space department declined my RTI plea: Ex-ISRO chief
IANSMarch 1, 2012

Neither (including its and their directors, employees, affiliates, agents, representatives or subcontractors) shall be liable for any loss or liability resulting, directly or indirectly, from delays or interruptions due to electronic or ...more »

Trade Associations
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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 »

False Advertising
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Plaintiffs' lawyers spend millions in online ads. Should we care?
Thomson Reuters News & InsightMarch 1, 2012

ILR's president, Lisa Rickard, said in a press release that the report reveals trial lawyers' client-trawling tactics. "This new research shows how the practice of law in the United States has gone from a noble calling to often times a large commercial...more »

Unfair Competition
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EU plans to tackle double non-taxation
Gibraltar ChronicleMarch 1, 2012

Double non-taxation deprives Member States of significant revenues and creates unfair competition between businesses in the Single Market, the European Commisison said yesterday. “It occurs when cross-border companies escape paying taxes due to ...more »

Federal Contracts
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Five Major Freight Forwarding Companies Debarred by US Government
JD Supra (press release)March 1, 2012

The debarred freight forwarders are: The debarment of these freight forwarders from US Government contracts follows a September 30, 2010 guilty plea by certain of these companies to criminal price-fixing charges, antitrust violations, and an agreement ...more »

Venture Capital
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Precision Health Media Raises $1 Million in Additional Funding as Condition ...
MarketWatch (press release)March 1, 2012

The new funding was received from Cava Capital and the Conyers Group, with participation from previous investors Metamorphic Ventures, and angels including Geoff Judge, partner in iNovia Capital; David Arcara; Jamie Driver; and Richard Forman of Health ...more »


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