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 »

TEXT: S&P Assigns Bellisio Foods Inc. 'B' Issue-Level Ratings
ReutersMarch 1, 2012

We are withdrawing the ratings on the company's prior senior secured credit facilities, as well as our preliminary 'B' corporate credit rating on Bellisio Parent LLC, Bellisio Foods Inc.'s new parent company, following our review of the final legal...more »

Business Law News and Stories

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Legal Services launches service for low-income entrepreneurs
St. Louis AmericanMarch 1, 2012

To provide business-oriented legal counsel to small businesses operated by low-income entrepreneurs and to non-profit organizations in underserved St. Louis communities, Legal Services of Eastern Missouri recently launched the Community Economic ...more »

Federal Grants
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Former University of Notre Dame professor asks federal judge to dismiss 7 ...
Chicago TribuneMarch 2, 2012

Collins was indicted by a grand jury in July on three counts of theft from a program receiving federal funds and four counts of mail fraud. The charges allege that while he was tenured electrical engineering professor at Notre Dame, he used grant money ...more »

Antitrust Law, Domestic
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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 »

Foreign Investments
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Faruqi & Faruqi, LLP Calls on Investors Who Suffered Losses in Excess of ...
MarketWatch (press release)March 1, 2012

The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) Metabolix's 'Telles' joint venture with ADM would not meet the project's commercial phase benchmark as early as ...more »

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'They didn't need to kill him'
Delmarva Daily TimesMarch 3, 2012

BALTIMORE -- Ray Rice has been designated the franchise player of the Baltimore Ravens, who hope to... FRUITLAND -- After leaving two previous trips to the Disney Field Hockey Showcase, held at the Wide... If you become disabled and need to apply for ...more »

Banking Law
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New Developments In North Texas Healthcare Fraud Case
CBS LocalMarch 1, 2012

One day after Roy appeared in court, records show agents are also taking Roy's two sailboats, and his bank accounts. The US Attorney in Dallas, Sarah Saldana, says in general they pursue defendants' assets because they often can't recover cash.more »

Gaming Law
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The Bahamian gambling saga
Nassau GuardianMarch 1, 2012

However, provisions have been made for such activities under the Gaming and Lotteries Act. Over the years, law enforcers have conducted random raids of 'number house' establishments in an attempt to discourage the practice of gambling by Bahamians ...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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SNC wins nuclear contract as board executes accounting probe
National PostMarch 1, 2012

Montreal – SNC-Lavalin Group Inc., the Quebec engineering giant that bought the Canadian government's Candu nuclear reaction business last fall, said its joint venture with construction firm Aecon Group Inc. won a major contract to prepare the ...more »

Business Law
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Branham Law Group Investigating HyperDynamics Corporation
MarketWatch (press release)March 15, 2012

DALLAS, Mar 15, 2012 (BUSINESS WIRE) -- Branham Law Group, LLP, a firm representing shareholders, is investigating HyperDynamics Corporation (NYSE:HDY) to determine whether actions of the officers or directors at HyperDynamics resulted in materially ...more »

Institutional Investing
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Monthly Investment Strategy Update March 2012
CouttsMarch 2, 2012

To the extent permitted by law and without being inconsistent with any applicable regulation, neither Coutts & Co nor any connected company accepts responsibility for any direct or indirect or consequential loss suffered by you or any other person as a ...more »

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Jones & Haley, P.C. Selected For "City's Top Law Firms"
Sacramento BeeMarch 1, 2012

29, 2012 -- Jones & Haley, PC of Atlanta, GA has been honored with a recognition by Atlanta Business Chronicle in its selection of "City's Top Law Firms." ATLANTA, Feb. 29, 2012 /PRNewswire-USNewswire/ -- Announcing a special recognition appearing in ...more »

US House approves bill that would remake California water law
Los Angeles TimesMarch 1, 2012

By Richard Simon and Bettina Boxall, Los Angeles Times The House approved a bill Wednesday that rewrites two decades of water law in California, wiping out environmental protections and dropping reforms of federal irrigation policy that have long ...more »

Commercial Bankruptcy
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Classic car dealer bankrupt
Fort Wayne Journal GazetteMarch 1, 2012

Bunker Lakes Inc., which does business as Bunker Lakes Dealership, has filed for Chapter 11 bankruptcy, but it is unclear whether President Kristin McGrade will continue the operation or just try to settle her debts. McGrade is the wife of former ...more »

Internal Investigative Services
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Filings show police investigated Alaska officer
Fort Worth Star TelegramMarch 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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Public Notices, March 1
San Fernando Valley SunMarch 1, 2012

This amount includes storage charges, publication charges, attorneys fees, incidental and/or transportation charges. Additional amounts incurred may be added to this amount, as provided in the Commercial Code. Dowdall Law Offices, APC; Robin G. Eifler, ...more »

International Transactions
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Corporate Finance Associate
Above the LawMarch 1, 2012

With more than 1100 lawyers in 26 offices spanning major financial markets around the world, they are one of the largest law firms in New York City and one of the largest US firms located in London. Their New York office is the largest in the firm's ...more »

Communications & Media
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Lawsuit asks judge to declare Whatcom council violated open meetings law
TheNewsTribune.comMarch 1, 2012

In January, the council approved a policy on email usage that, among other things, aims to address the auditor's letter. To avoid violating meetings law with email exchanges, council members wanting to send informational emails to a quorum of the ...more »

Rambus Reaches 5-Year License With MediaTek For Integrated Circuits
Wall Street JournalMarch 5, 2012

Rambus Inc. (RMBS) signed a five-year patent license agreement with MediaTek Inc. (2454.TW), a move that follows the US International Trade Comission's rejection of Rambus's patent-infringement claims against several chip makers, including MediaTek.more »

Construction & Development
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NJ Attorney General cracks down on synthetic pot
The Times of Trenton - NJ.comMarch 1, 2012

“It's that simple, and now it's the law.” On Feb. 16, Trenton and Lawrence police and the Drug Enforcement Administration raided the Wonderland Smoke Shop in the township after the business allegedly received a 50-pound delivery of synthetic ...more »

Locating Funds
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County distributes grant funds to law enforcement, emergency services
Alpine AvalancheMarch 1, 2012

... the court that the county had around $155000 left in Homeland Security grants from 2009 and 2010 that needs to be spent in the next few months — and local law enforcement and emergency service entities were on hand to request some of the funding.more »

Contracts Involving State & Minicipality
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House approves California water bill
Fresno BeeMarch 1, 2012

In a highly partisan vote, the Republican-controlled House approved the legislation which would lengthen irrigation contracts, override state law and boost deliveries to farms south of the Sacramento-San Joaquin Delta. Most dramatically, the bill ...more »

Mergers, Acquisitions & Divestitures
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Medco Offers 90% Return as Deal Seen Likely
BusinessWeekMarch 2, 2012

Traders who profit from mergers and acquisitions are becoming more confident the companies can convince regulators that a combination won't hurt competition as smaller benefit managers win business from larger rivals, according to Will Harrington, ...more »

Controlled Substances Law
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Feds again warn Arizona on medical marijuana
AZ Central.comMarch 20, 2012

Scheel said that state employees who participate in the Arizona Medical Marijuana Act "are not immune from liability" under the federal Controlled Substances Act. However, Scheel wrote that seriously ill patients and caregivers who use pot as medically ...more »

Mortgages & Foreclosures
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Foreclosure fighters and occupiers
San Francisco Bay ViewMarch 7, 2012

In conjunction with Aequitas Compliance Solutions of Newport Beach, Ting's office sampled 2405 foreclosure sales between January 2009 and October 2011. In each of 382 records, at least one violation of law was exposed. At an anti-foreclosure rally at ...more »

Corporate Finance & Taxation
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Norman Cay Development Appoints First Member to Strategic Advisory Board ...
MarketWatch (press release)March 1, 2012

STEVENSVILLE, Mich., March 1, 2012 /PRNewswire via COMTEX/ -- Norman Cay Development, Inc. (OBB:NCDL) ("Norman Cay" or "Company"), an emerging US based mineral exploration company, is pleased to announce that it has appointed the first member to its ...more »

Non-Profit Corporations
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Local expert: Do corporate tax rates matter?
Cincinnati.comMarch 3, 2012

How much will a change in corporate tax rates increase employment and profits in the US? Not much is the likely answer. Most Americans are employed by small and medium-sized businesses, and those businesses are mostly organized as non-corporate or ...more »

Creditor's Rights
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The year in review: U.S. business bankruptcies in 2011
Lexology (registration)March 1, 2012

2011 did not begin with a bang for bankruptcy professionals. Commercial bankruptcy case filings were infrequent and so too were the release (or publication) of major bankruptcy court decisions. The second half of the year was a different story.more »

Professional Corporations
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General Counsel Finalist (Public - Small): Refusal to be a paper pusher makes ...
San Francisco Business TimesMarch 2, 2012

A Detroit native, Solomon began his career clerking for a federal judge in Los Angeles and spent time working in corporate law at a small tech firm. He joined San Mateo-based NetSuite, just as the cloud-based, software-as-a-service firm was looking to ...more »

Customs Disputes
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Linda Avenue Shooting Suspect to Enter Plea in March
Patch.comMarch 1, 2012

Dennis Bagwell, 61, faces an attempted murder charge in connection with a shooting that injured a US Customs and Border Protection officer. By Nika Megino Shooting suspect Dennis Bagwell, center, an instructor at an optical school in Union City, ...more »

Public Offerings
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Buffalo attorney wins lengthy advertsing case
Buffalo Business FirstMarch 6, 2012

A Buffalo attorney who challenged the New york State Attorney Grievance Committee's rules related to lawyer advertising has prevailed, ending a legal battle that dates back more than a decade. J. Michael Hayes, a personal injury attorney, ...more »

Debt Collection
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State AG Touts New Debt Collection Rules Taking Effect Today
InsideARMMarch 2, 2012

The regulations, which were the subject of public hearings last spring, guide the ARM industry in its collection practices and are more consistent with existing state and federal laws, according to the AG's office. “Given the industry's recent advances ...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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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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Maryland law proposed to redefine agency (blog)March 1, 2012

The legislature in Maryland is taking a look at their agency disclosure law right now. I could explain agency pretty easily. In Massachusetts, the form reads: (Check one) ____The real estate agent listed below, the real estate firm or business listed ...more »

Directors' & Officers' Liability
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Nursing Homes Using Complex Measures to Avoid Legal Accountability
Illinois Nursing Home Abuse Blog (blog)March 2, 2012

Each Illinois nursing home neglect lawyer at our firm has dealt in detail with the often complex process of actually collecting the money owed to plaintiffs after being awarded redress in a lawsuit. One of the main issues is that large nursing home ...more »

Trade Associations
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US Trade Official, Congress Attempt to Restore Tariff Law
CRIENGLISH.comMarch 1, 2012

The US trade official Wednesday asked support from Congress to restore the government's ability to impose tariffs on subsidized products from "non-market economies" (NME). US Trade Representative Ron Kirk urged a House panel to propose a legislation in ...more »

False Advertising
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Monster Offers(TM) Signs Exclusive Daily Deal Advertising Agreement With Ad ...
MarketWatch (press release)March 1, 2012

SAN DIEGO, March 1, 2012 /PRNewswire via COMTEX/ -- Monster Offers (OBB:MONT) , a leading Daily Deal analytics provider and aggregator, today announced that it has entered into an exclusive advertising agreement with Ad Shark, Inc of Orange County, ...more »

Unfair Competition
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Affirmative Action Needs to Stay
ChicagoNow (blog)March 2, 2012

By Hancock Student, today at 2:20 pm By Jaime Melero In a recent Chicago Tribune article titled “US top court to hear university race admissions case,” Affirmative Action was back in the spotlight with Abigail Fisher alleging the policy discriminates ...more »

Federal Contracts
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Phigenics Wins $1 Million Contract with US Federal Government for Energy ...
Environmental Expert (press release)March 1, 2012

NAPERVILLE, IL — February 24, 2012 -- Phigenics announced today that it has been awarded a $1 million dollar contract with the General Services Administration's (GSA) Federal Acquisition Service for Energy Management Planning and Strategies (SIN ...more »

Venture Capital
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Intel Capital announces $100 million new fund to invest in 'connected' cars
San Jose Mercury NewsMarch 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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