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

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AMR wins right to hire bankruptcy advisers
CBS NewsMarch 1, 2012

FORT WORTH, Texas — American Airlines says a federal judge approved its hiring of legal, business and financial advisers to help steer the company through reorganization under bankruptcy protection. Sean Collins, a spokesman for American parent AMR ...more »

Court rules on enforcement of foreign arbitral award
International Law OfficeMarch 1, 2012

The arbitration clause in the contract provided that if the defendant was the complainant in the dispute, the dispute was to be referred for final resolution to the International Commercial Arbitration Court (ICAC) at the Ukrainian Chamber of Commerce ...more »

Business Law News and Stories

Advertising
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REVEALED: How Giant Patent Troll Intellectual Ventures Does Business
Business InsiderMarch 2, 2012

Robin Feldman, a law professor at UC Hastings, and lawyer Tom Ewing decided to find out more. People told them their task was impossible. They write: "'You can't find out anything about them; don't even try,' is a chant that has been whispered in ...more »

Federal Grants
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Group pushes anti-abortion laws into state legislatures nationwide
The Colorado IndependentMarch 1, 2012

The model is called “Defunding the Abortion Industry and Advancing Women's Health Act of 2012.” This proposed bill would deny state-based family planning grants to organizations that also provide or refer for abortions. In addition, the law would ...more »

Antitrust Law, Domestic
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Jones & Haley, P.C. Selected For "City's Top Law Firms"
Bradenton HeraldMarch 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 »

Foreign Investments
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SEC Hits mUrgent Crooks for $21M on Fraud
Blue MauMauMarch 1, 2012

A federal court has ordered mUrgent Corp, a provider of franchise sales leads, to pay $21 million for securities fraud. The judge declared Tuesday that the officers of the company took investor money for a bogus initial public offering and used it as ...more »

Franchising
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FocalPoint Business Coaching Places No.4 in the Top 50 Franchises
MMD Newswire (press release)March 2, 2012

SAN DIEGO, CA (MMD Newswire) March 2, 2012 -- FocalPoint Business Coaching, an international business coaching company, powered by Brian Tracy, was ranked No. 4 in the Mid-size Systems category for the Franchise Business Review Top 50 (FBR 50) Awards.more »

Banking Law
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Accused fraud doc a philanthropist, says lawyer
London Free PressMarch 1, 2012

By Andrew McIntosh, QMI Agency SEATTLE - The former Quebec doctor accused of masterminding a $375-million US health-care fraud in Texas is a tough, hard-working physician who treats the poor in crime-ridden minority neighbourhoods where few other white ...more »

Gaming Law
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We need a good gaming policy
Philippine StarMarch 1, 2012

It is so bad, Wynn complained to a Nevada court, that he doubts “that newly elected President Aquino's stated plans for reform would eliminate corruption in the gaming industry” and that “the country's legal/regulatory frameworks were not closely ...more »

Business Formation
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U.Va. Students Create New High School Academic Business Competition
University of VirginiaMarch 1, 2012

February 29, 2012 — What's the best way to reduce the social acceptance of insurance fraud, at a time when two of five Americans favor little or no punishment for insurance cheats? That's the keynote question posed by a new statewide High School ...more »

Government Construction Contracts
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US Housing Lays Foundation for Recovery
BloombergMarch 2, 2012

“The trend is up, not down,” said Dean Maki, chief US economist at Barclays Capital Inc. and a former Federal Reserve researcher. “That is a big change from where we've been over the last several years. So I don't think we're going to get to a point ...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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Zimbabwe poll politics hurting investment-Tsvangirai
ReutersMarch 1, 2012

Mining firms, banks and retailers have grown increasingly worried about the law, pushed by Tsvangirai's rival and coalition partner, President Robert Mugabe. "It is political rhetoric," Tsvangirai told an investment forum in Johannesburg.more »

Commercial
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Navajo sues Urban Outfitters over product names
Chicago Daily HeraldMarch 1, 2012

Susan Scafidi, who directs the Fashion Law Institute at Fordham University's law school in New York, said Urban Outfitters could point out the name changes in certain items in response to the tribe's original objections. The “Navajo Hipster Panty” and ...more »

Limbaugh's tirade against law student prompts Obama call
Boston GlobeMarch 3, 2012

AP NEW YORK - Rush Limbaugh drew fire yesterday from many directions, including President Obama, for his depiction of a college student as a “slut'' and “prostitute'' because she testified before Congress about the need for contraceptive coverage.more »

Commercial Bankruptcy
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Rights Fight Part of Business
CRIENGLISH.comMarch 1, 2012

Legal claims and counterclaims over intellectual property rights have become part of doing business not just in China, but in many other countries as well. So has using litigation, and the threat of litigation, as a commercial weapon.more »

Internal Investigative Services
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OFL Accuses Vale of Whitewashing Investigation Into Double Fatality, Calls for ...
Business Review Canada (press release)March 3, 2012

A separate investigation conducted by the United Steelworkers (USW) that was released today found evidence of company negligence warranting a criminal investigation. "From the outset, Vale tried to restrict investigations into the tragic incident, ...more »

Commercial Leasing
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Pagdilao orders probe of involvement of CIDG agents in extortion activities
Business MirrorMarch 1, 2012

THE Criminal Investigation and Detection Group has started a fact-finding investigation to validate a report that some members of the CIDG's Anti-Fraud and Commercial Crime Division (AFCCD) extorted P1.5 million from a Chinese in Manila.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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MTSU poll: Tenn. wants GOP prez, voter ID law
The Daily News JournalMarch 1, 2012

Steve Blankenship holds his driver's license with his picture that he recently got for the state's new voter ID law. / John A. Gillis/DNJ file Conducted Feb. 13-25 by the College of Mass Communication at Middle Tennessee State University, ...more »

REVEALED: How Giant Patent Troll Intellectual Ventures Does Business
San Francisco ChronicleMarch 2, 2012

(Turns out that Microsoft, Apple, Sony and a ton of other prominent tech companies have invested and/or taken licenses. So have a number of universities.) Robin Feldman, a law professor at UC Hastings, and lawyer Tom Ewing decided to find out more.more »

Construction & Development
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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 »

Locating Funds
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Education funding skews toward wealthy districts...
The MercuryMarch 4, 2012

The study was released by the Education Law Center, a state-wide organization with offices in Philadelphia and Pittsburgh that advocates for “Pennsylvania's most vulnerable children.” According to their analysis, four of the top five Montgomery County ...more »

Contracts Involving State & Minicipality
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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 »

Mergers, Acquisitions & Divestitures
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Cotton Creek Capital Adds Senior Associate
Private Equity Hub (press release)March 5, 2012

Dallas-based buyout shop Cotton Creek Capital has named Lee Rash a Senior Associate with the firm Rash was previously an associate in the Mergers and Acquisitions Advisory Group at Blackstone. Cotton Creek Capital, a Dallas-based private equity firm, ...more »

Controlled Substances Law
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How the "Pro-Life" Movement Puts Women Behind Bars
AlterNetMarch 18, 2012

This law makes no mention of pregnancy, pregnant woman, drug use, fetus, or any other words that would make it applicable to a pregnant woman who uses a controlled substance and seeks to continue her pregnancy to term. In fact, the Alabama legislature ...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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Governor signs private school tax credit bill into law
Tucson CitizenMarch 1, 2012

Private-school scholarship contributions do not go directly from the state to a private school. To avoid constitutional prohibitions, the original 1997 tax-credit law created private non-profit school-tuition organizations, or STOs, to collect the ...more »

Non-Profit Corporations
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Barrick Announces Inaugural Members of Corporate Social Responsibility ...
International Business TimesMarch 5, 2012

She is a Director on the Boards of several corporations and advisor to a number of Canadian and international not-for-profit organizations. Robert FowlerRobert Fowler: During his 38-year public service career, Mr. Fowler was the Foreign Policy Advisor ...more »

Creditor's Rights
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Another Indiana company abandons electric-vehicle plans
Chicago TribuneMarch 1, 2012

... manufacturing facilities in Indiana, filed for bankruptcy reorganization. In addition to Bright Automotive, an unrelated plug-in manufacturer the state tried to nurture has yet to get off the ground. "Business is risky and new technologies more so.more »

Professional Corporations
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Kroll Names Joseph J. Lambert Esq. Senior Advisor
MarketWatch (press release)March 1, 2012

"Joe has a profound breadth of experience as general counsel of a major global business, which makes him uniquely able to match Kroll's extensive capabilities to the needs of corporate counsel." Lambert brings to Kroll more than 25 years of legal...more »

Customs Disputes
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Raspberry Pi and Insane Trade Rules
ForbesMarch 1, 2012

My own interest is in the insane trade laws that surround a product like this. “I'd like to draw attention to one cost in particular that really created problems for us in Britain. Simply put, if we build the Raspberry Pi in Britain, we have to pay a ...more »

Public Offerings
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Ramos supports governor's initiative for public safety funding
Inland Valley Daily BulletinMarch 2, 2012

Ramos announced his backing - and that of the California District Attorneys Association - of Gov. Jerry Brown's initiative during a "State of the District Attorney" event at the DoubleTree Hotel. The governor's initiative calls for temporary tax ...more »

Debt Collection
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ARBUTHNOT BANKING GROUP PLC : Arbuthnot Banking Group appoints head of legal ...
4-tradersMarch 1, 2012

Until the end of 2011, Alan was a partner in London in the corporate group at Simmons & Simmons, the international law firm. He led the Simmons & Simmons team advising Secure Trust Bank and Arbuthnot Banking Group on the AIM IPO of Secure Trust Bank ...more »

Reorganizations & Restructuring
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Integra Group Announces Management Restructuring
Oil and Gas Industry Latest NewsMarch 6, 2012

MOSCOW, March 6, 2012 - Integra Group (LSE:INTE) announces that, following the successful reorganization of its diversified oilfield services business, Mr. Antonio Campo will step down and be replaced as Chief Executive Officer by Mr. Felix Lubashevsky ...more »

Debt Settlement
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American Airlines Starts to Show Its Hand to Bondholders
Bond BuyerMarch 1, 2012

The trustee said it had intended to tap reserves but believes their use would violate bankruptcy rules. The trustee is attempting to obtain American's agreement to use the reserve funds to make the Feb. 1 debt-service payment or to pay the trustee's ...more »

State & Minicipal Bonds
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Mountain Law: Ups and downs of slip-and-fall cases
Summit Daily NewsMarch 7, 2012

It's everyone's fault: Under the CPLA, a property owner can be liable for an accident, as can persons who control the condition of the property, such as a tenant, manager, janitor or someone providing maintenance or repair services. Colorado law...more »

Directors' & Officers' Liability
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Why gun owner in Ohio school shooting won't be held accountable
msnbc.comMarch 1, 2012

Twenty-eight states have Child Access Prevention laws that make adults liable if it is determined that children were able to access their firearms, although the liability depends on certain factors that vary by state. For example, only six states ...more »

Trade Associations
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Commodity Wars: Wall Street vs. US Fed
Live Trading NewsMarch 3, 2012

That law which effectively scrapped part of the 1933 Glass-Steagall law separating commercial and investment banks says that any investment bank that converted to holding company status after Y 1999 could continue to trade or own physical assets if it ...more »

False Advertising
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OpenX Adopts New IAB Ad Units
socalTech.comMarch 1, 2012

Los Angeles-based OpenX, the developer of ad serving software and an ad marketplace, said it is adopting the new advertising units from the Interactive Advertising Bureau. The firm said its product, OpenX Enterprise, will support the new IAB Rising ...more »

Unfair Competition
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The Temptations File Class Action Royalty Suit Against Universal ‎Music
Huffington PostMarch 17, 2012

Represented by 13 attorneys from five law firms, the Temptations are citing a breach of contract, unfair competition and seeking a declaratory judgment, and damages. The recent lawsuit is among more than a dozen other similar cases that are currently ...more »

Federal Contracts
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News roundup: Romney wins in Wyoming, as he focuses on to Super Tuesday
Salt Lake Tribune (blog)March 1, 2012

[NYTimes] -> Utah Transportation officials wrongly terminated an employee they suspected of leaking information about a major i-15 contract and now have to give the employee her job back. But UDOT plans to appeal the decision.more »

Venture Capital
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Commentary: Business innovation grants pave way for private capital
The Sheboygan PressMarch 2, 2012

It's no secret that Wisconsin falls well below average among the 50 states when it comes to attracting venture capital, a class of private investment dollars vital to building small startups into jobs-producing companies. However, other building blocks ...more »

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