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

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Trade Me pushes for consumer law change 1, 2012

Trade Me says it will continue to push for an amendment to a bill overhauling consumer law as it believes full and part-time traders should have to identify themselves as being professionals when selling goods online or at fairs, markets and car boot ...more »

Schools Navigate State Birth-Control Patchwork
Wall Street JournalMarch 1, 2012

By LOUISE RADNOFSKY Roman Catholic employers are pushing back against an impending federal mandate on contraceptive coverage partly because the rule would remove an escape hatch that let them opt out of similar state laws that passed in earlier years.more »

Business Law News and Stories

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New Study Boosts Case Against 'Legacy' Lawsuits
Sacramento BeeMarch 1, 2012

... we last week posted video of a plaintiffs' 'expert' teaching Gulf Coast personal injury lawyers how to exploit the law and corrupt the civil justice system," began American Tort Reform Association communications director Darren McKinney.more »

Federal Grants
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No-Child Law Faces Wave of Opt-Outs
Wall Street JournalMarch 1, 2012

If it grants waivers to all the new applicants, three quarters of the states would be exempt. Signed into law with bipartisan support in 2002, No Child Left Behind is now reviled by Republicans, who say it gets the federal government too involved in ...more »

Antitrust Law, Domestic
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Rights fight part of business
China DailyMarch 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 »

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 »

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The Personal Property Security Act and Franchising
Mondaq News Alerts (registration)March 2, 2012

For some franchise systems the introduction of the Personal Property Security Act 2009 (Cth) (PPSA) may be significant, with specific action required to protect the franchisor's interests or ensure franchisee compliance. For others it may ultimately ...more »

Banking Law
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Are Bankers Capitalists?
Huffington PostMarch 1, 2012

As I have written before, capitalism involves four basic principles: absolute responsibility for anything and everything that happens to your company (ie total accountability), equal justice under the law, compensation based on the real value created ...more »

Gaming Law
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Lawmakers must decide host of controversial issues this week
Orlando SentinelMarch 5, 2012

And they have until Friday to resolve their differences over a host of other controversial measures — insurance, abortion, gaming, insurance — or see them die when the final gavel falls. Here's a sampling: House: The Florida House's omnibus abortion ...more »

Business Formation
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Area woman charged with workplace fraud
Your Houston NewsMarch 1, 2012

The former office manager for a Tomball doctor has been accused of giving herself unauthorized bonuses and pay raises, as well as maxing out a company credit card to buy personal items, including a laptop, according to the Harris County District ...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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Bankruptcy judge appoints trustee to run Alter
Baltimore SunMarch 17, 2012

A trustee will run Alter Communications Inc., publisher of the Baltimore Jewish Times, a US Bankruptcy Court judge ordered late Friday after determining the company had exhausted all avenues to reorganize under Chapter 11. US Bankruptcy Court Judge ...more »

Institutional Investing
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New investment practices 1, 2012

Jonathan Lea, solicitor with law firm Bargate Murray, looks at how new government schemes could aid start-up development and the legal considerations that need to be addressed. The new Seed Enterprise Investment Scheme (SEIS) that will come into ...more »

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China Zenix Auto International Schedules 2011 Fourth Quarter and Fiscal Year ...
MarketWatch (press release)March 1, 2012

ZHANGZHOU, China, March 1, 2012 /PRNewswire via COMTEX/ -- China Zenix Auto International Limited (NYSE:ZX) ("Zenix Auto" or "the Company"), the largest commercial vehicle wheel manufacturer in China in both the aftermarket and OEM market by sale ...more »

O'Donnell: Vermonters don't want to finance unwinnable fights
vtdigger.orgMarch 3, 2012

I also accurately predicted what would happen if they continued to pass unconstitutional “feel good” laws. Passing laws that make special interests happy but violate the Vermont or US Constitution or federal law is an expensive exercise in political ...more »

Commercial Bankruptcy
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As auction companies tentatively buy Isaacson, fate of its 150 jobs unclear
New Hampshire Business ReviewMarch 1, 2012

A consortium of three companies that specialize in auctioning off commercial assets agreed to buy Isaacson Structural Steel at a bankruptcy auction for $2.4 million on Wednesday. Those three companies -- Counsel RB Capital LLC, of White Plains, NY, ...more »

Internal Investigative Services
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Internal review: MSHA inspectors missed problems, opportunities before fatal W ...
Minneapolis Star TribuneMarch 6, 2012

Federal inspectors either missed problems at West Virginia's Upper Big Branch mine or failed to inspect the areas where they existed in the 18 months before a deadly 2010 explosion, but an internal review concludes there's no evidence those failures ...more »

Commercial Leasing
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Don Philbin Receives BCDRC Distinguished Service Award for 2011
San Antonio ExpressMarch 1, 2012

His work in mediation and teaching earned him additional accolades in the 2011 calendar year, as he was honored with The Outstanding Lawyer Award in the mediation category from the San Antonio Business Journal in November, recognized as one of 196 ...more »

International Transactions
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Number crunching: UK law firms in Spain
The LawyerMarch 5, 2012

In 2004 Eversheds added Spanish firm Lupicinio Abogados to its international network, but ditched it for Spanish rival Nicea Abogados in 2011. Herbert Smith opened in Madrid in 2009 and is one of the few firms to have launched an office there since the ...more »

Communications & Media
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Advocates to rally for 'second chances'
Baltimore Sun (blog)March 1, 2012

Two nonprofits, the Job Opportunities Task Force and Healthcare for the Homeless, will mobilize people to join an "I'm for Second Chances" march from Stanton Community Center to Lawyers Mall starting at 9:30 am After a rally at the mall, advocates will ...more »

Walker signs veteran bill in Eau Claire
Chippewa HeraldMarch 6, 2012

Military personnel trained in a variety of technical fields can now use that experience when applying for state certification, under a bill signed into law Monday. Gov. Scott Walker signed the bill, co-sponsored by Sen. Terry Moulton (R-Chippewa Falls) ...more »

Construction & Development
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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 »

Locating Funds
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Obama's Hospital Funding Cuts Seen Worsening Primary Care Doctor Shortage
BloombergMarch 1, 2012

A plan to reduce federal funding for teaching hospitals in President Barack Obama's fiscal 2013 budget proposal will curb training for primary care doctors, undermining a top priority of the 2010 health-care law he fought to enact, ...more »

Contracts Involving State & Minicipality
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SNYDER'S STOUGHTON: Town Counsel sides with Crimmins on school roof flap
Wicked LocalMarch 1, 2012

While the Town lacked such procedures until March 2011, all such contracts must nonetheless comply with the requirements of the Designer Selection Law. The written procedures apply to any and all Town departments, in my opinion.more »

Mergers, Acquisitions & Divestitures
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Atlanta Gas Light issues request for proposals for compressed natural gas ...
ReutersMarch 1, 2012

... fuel prices continue to make headlines, Atlanta Gas Light Company (AGL) today issued a request for proposals (RFP) for parties interested in developing Compressed Natural Gas (CNG) fueling stations for commercial and passenger vehicles in Georgia.more »

Controlled Substances Law
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Feds again warn Arizona on medical marijuana
Arizona RepublicMarch 20, 2012

One high-ranking state official pointed out that the letter exemplifies the tough position that Arizona authorities are in: Federal law says they can't participate in the program, yet a judge has ordered them to follow through on the will of Arizona ...more »

Mortgages & Foreclosures
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Banks to Face Tough Reviews, Details of Mortgage Deal Show
New York TimesMarch 12, 2012

Banks will face stiff penalties and intense public scrutiny if they fail to live up to the standards of a $25 billion mortgage settlement with state and federal authorities, according to court documents filed as part of the deal Monday in federal court ...more »

Corporate Finance & Taxation
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Governor signs private school tax credit bill into law
Arizona RepublicMarch 1, 2012

Jan Brewer signed into law Wednesday a bill that doubles the amount individual taxpayers can take as a tax credit for contributions to private-school scholarship funds. The current maximum private-school scholarship tax credits are $503 for singles and ...more »

Non-Profit Corporations
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Hutchinson: Outcry over Citizens United is more heat than light
vtdigger.orgMarch 5, 2012

The Citizens United decision held that associations of persons including nonprofit and for-profit corporations and labor unions could spend money from their general treasuries for advertisements that are independent of and uncoordinated with the ...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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Grupo Aeroportuario del Pacifico Follow Up
MarketWatch (press release)March 2, 2012

A judicial declaration regarding the obligation of all Mexican stock market brokers, as per Article 190 of Mexican Corporations Law, to inform all of its stock market associates that seek to purchase shares of GAP about the content and effects of the ...more »

Customs Disputes
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Australian Man and His Firm Indicted in Plot to Export Restricted Military and ...
Alaska Native NewsMarch 1, 2012

He and his company are charged with one count of conspiracy to defraud the United States and to violate the International Emergency Economic Powers Act (IEEPA) and the Arms Export Control Act; as well as four counts of illegally exporting goods to an ...more »

Public Offerings
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Longoria's attorney wants today's hearing closed to the public
Kansas CWMarch 1, 2012

by Brian Heap KWCH 12 Eyewitness News Defense attorneys for Adam Longoria are trying to keep the public from listening the rest of today's motion hearing. It's the final hearing before his trial later month. Court is in recess until about two o'clock.more »

Debt Collection
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Bank of America 'basic' fees spark outrage
Boston HeraldMarch 2, 2012

2 bank, its profits pinched by tougher financial regulations, has been testing a fee overhaul in Massachusetts and two other states that includes a monthly charge of $6 to $9 for an “Essentials” account. Other accounts have fees as high as $25, ...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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Are NPP Sympathetic Civil Servants Sabotaging Mills?
GhanaWebMarch 3, 2012

I could not understand why civil servants at the Attorney General's Department who have a duty to ensure that appropriate legal advice is provided to ministers and government could not warn government about the lapses within the terms of reference of ...more »

State & Minicipal Bonds
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BP Spill Trial Starts Amid Settlement Pressure
BusinessWeekMarch 2, 2012

Carl Tobias, who teaches product-liability and mass-tort law at the University of Richmond in Virginia, said he wouldn't be surprised to see the case resolved “on the courthouse steps.” One reason that government and plaintiffs' lawyers haven't agreed ...more »

Directors' & Officers' Liability
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Womble Carlyle Announces Victory for Bank Directors and Officers
Citybizlist (press release)March 1, 2012

Instead, the court said, bank directors are insulated from personal liability by the business judgment rule. The FDIC may pursue claims against persons affiliated with failed banks, but only for acts of gross negligence.more »

Trade Associations
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As Expected, Congress to Address CVD Issue
Business InsiderMarch 1, 2012

Senior US lawmakers plan to legislate to allow anti-subsidy tariffs to be imposed on imports from China, overriding a federal court which said the practice contravened US trade law. Dave Camp, chairman of the House of Representatives ways and means ...more »

False Advertising
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judge blocks anti-smoking images required on tobacco products
CNNMarch 1, 2012

"Unfortunately, because Congress did not consider the First Amendment implications of this legislation, it did not concern itself with how the regulations could be narrowly tailored to avoid unintentionally compelling commercial speech," said federal ...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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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 »

Venture Capital
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Intel Capital Announces $100 Million Fund To Invest in 'Connected' Cars
HispanicBusiness.comMarch 1, 2012

Intel's 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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