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

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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 »

Dooger's Warrenton location for lease
Coast River Business JournalMarch 1, 2012

“We have some pad spaces for lease and that's included,” said leasing agent Jeff Olson of Commercial Realty Advisors Northwest. The property at 103 US Hwy. 101 is described on several commercial real estate websites as, “Existing 5000 +/- SF ...more »

Business Law News and Stories

Advertising
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Outdoor advertising bill passes S. Dakota Senate
Yankton Daily PressMarch 1, 2012

But he said "some businesses will look at this as a blank check" to advertise even more. But Sen. Joni Cutler, R-Sioux Falls, expressed her support for the measure. She said the law prohibiting local authorities from banning outdoor signs has been "on ...more »

Federal Grants
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Santa Clarita Valley organizations receive grants
SignalMarch 2, 2012

By Karen Jonas Signal Staff Writer The Santa Clarita City Council this week approved $72000 in federal grant money to several local organizations. A Community Services Grant Committee recommended the council fund 15 of the 24 grant applications ...more »

Antitrust Law, Domestic
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Appeals court presses Alabama on effects of immigration law
al.com (blog)March 2, 2012

Alabama's far-reaching law regulates law enforcement contact with illegal immigrants, bars an illegal immigrant from seeking work, entering into contracts or transacting business with the government. The law also calls for public schools to obtain ...more »

Foreign Investments
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Iran oil exports choking on sanctions
Fin24March 1, 2012

The ANC's investment wing Chancellor House should ideally not do business with government, says Deputy President Kgalema Motlanthe. Credit rating agency Moody's has downgraded by one notch the senior debt and deposit ratings of five South African banks ...more »

Franchising
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Unique Pizza and Subs Announces Master Franchisee in Michigan
MarketWatch (press release)March 1, 2012

PITTSBURGH, March 1, 2012 /PRNewswire via COMTEX/ -- Unique Pizza and Subs Corporation (otc pink:UPZS) a Delaware Corporation, is pleased to announce it has signed a Master franchise agreement with Henry Kassab of Unique Pizza of Michigan LLC.more »

Banking Law
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State lawmakers offer bills to revamp foreclosure
San Francisco ChronicleMarch 1, 2012

The legislation was introduced almost three weeks after Harris and 48 other state attorneys general negotiated a $25 billion settlement with the nation's five largest banks over sloppy foreclosure paperwork known as robosigning. The proposed laws...more »

Gaming Law
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Raynham Park owner still has hopes for slots following proposal of Taunton casino
Wicked LocalMarch 1, 2012

The state's gaming legislation signed by Gov. Deval Patrick in November provides for three casinos in different regions of the state, one of which the tribe gets first dibs to negotiating for, and one slot parlor license with no location restrictions ...more »

Business Formation
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Learning Research, Inc. to Join and Support the Autism Speaks Awareness Campaign
StockhouseMarch 1, 2012

AUSTIN, Texas, March 1, 2012 /PRNewswire/ -- eDoorways International Corporation (Pink Sheets: EDWY) announced today that the Company's newly formed subsidiary, Learning Research, Inc., in conjunction with Heritage Corporate Services, Inc., ...more »

Government Construction Contracts
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Public Account Committee questions Minister over CP Euro payments
GhanaWebMarch 1, 2012

Accra, March 1, GNA - The Public Account Committee of Parliament on Wednesday questioned Dr Benjamin Kumbuor, Minister of Justice and Attorney General on the payment of contracts sum of 94 million Euros to Construction Pioneers (CP) by the government.more »

Business Law
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Indiana businesses face penalties over 'bath salts'
Post-TribuneMarch 17, 2012

The new law includes a provision that could cost retailers their business licenses for a year if they're caught selling the synthetic drugs as part of a retail outlet's normal business. The law also adds 60 chemical compounds to a law that legislators ...more »

Institutional Investing
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Colorado House breaks logjam on bill easing rules on local investments
Denver PostMarch 3, 2012

Under current Colorado law, local governments can't invest in government-backed securities that have less than two triple-A ratings. However, last year's historic downgrade of federal securities by Standard & Poor's rating agency meant that ...more »

Commercial
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Megan Dalton Joins Wisler Pearlstine
Citybizlist (press release)March 1, 2012

Ms. Dalton's primary practice areas include commercial litigation, with an emphasis on construction law, representing contractors, subcontractors, and various other parties in construction related matters. Ms. Dalton graduated in 2005 from Villanova ...more »

When to Tell
Inside Higher EdMarch 2, 2012

“There's many different interests they're trying to serve, and one of those is the student's best interests. Trying to differentiate that from the family's best interests, and then from the school's legal responsibility, and then the potential that ...more »

Commercial Bankruptcy
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Deutsche Bank Rejects Kirch Deal
Wall Street JournalMarch 1, 2012

Kirch, a Deutsche Bank client, sued the bank, accusing Mr. Breuer of violating his right to confidentiality under German banking laws. Mr. Kirch also alleged Mr. Breuer sought to damage his company in order to obtain a lucrative deal to split up the ...more »

Internal Investigative Services
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Jerome Tomas, Partner, Baker & McKenzie LLP to Speak at KC's Legal Series: How ...
PR.com (press release)March 8, 2012

Baker & McKenzie's Securities Litigation & Enforcement practice helps clients worldwide navigate regulatory investigations and enforcement actions and defend civil litigation and federal/state criminal charges when necessary.more »

Commercial Leasing
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Major plans for the future of Cardiff's Central Business District development ...
WalesOnlineMarch 1, 2012

It's understood the lease on those properties are due to expire in mid-2014. A second company involved in the talks, Hugh James, which has 450 staff, remains interested, the Echo understands. The law firm, which would require about 100000sqft of office...more »

International Transactions
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Turkey uneasy with mushrooming Iranian firms, fears clash with allies
Sunday's ZamanMarch 4, 2012

“We are carefully watching the operations of these [Iranian-funded] foreign companies to see if they are in breach of Turkish law as well as international laws to which Turkey is a party,” one government official told Sunday's Zaman.more »

Communications & Media
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Inside The Goldline Settlement With Online Media Law
MarketWatch (press release)March 1, 2012

Prosecution by the California Attorney General or LA County DA under the Aggravated White Collar Crime Enhancement law, California Penal Code Sec. 186.11, could secure restitution for victims and authorize restraining orders to prevent Goldline ...more »

Physicians fight proposed licensing fee hike
Crain's Chicago BusinessMarch 1, 2012

The fees would be paid into a fund intended to offset the cost of state regulatory enforcement. That fund likely will operate at an estimated $1.5 million loss during the current fiscal year ending June 30. Without the increase, the fund will rack up ...more »

Construction & Development
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Pismo Beach lawyer pleads no contest to embezzling $275000 from client
San Luis Obispo TribuneMarch 2, 2012

William Peter Terhune, 57, was arrested in July 2011 on suspicion of transferring about $275000 to his business account from the estate of Junko S. Hensling, which he had been administrating, according to a report filed by the San Luis Obispo Police ...more »

Locating Funds
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New Wording, New Funding to Keep Anti-Bullying On the Books
Patch.comMarch 1, 2012

By John Mooney, NJSpotlight.com 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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Appoint, inaugurate NCPP, Senate tells Jonathan
BusinessDayMarch 1, 2012

“It is disturbing that the operations of the BPP have not resolved the challenges that characterised the procurement process in the Federal Government contract award due to partial execution of the Act. “The Federal Government could be professional, ...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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O'Malley gets it wrong on medical marijuana
Baltimore SunMarch 19, 2012

In fact, no provision of the federal drug law indicates an intent of Congress to exclude the states from passing laws on marijuana or other drugs except if "there is a positive conflict between ... [the Controlled Substances Act] and that State law so ...more »

Mortgages & Foreclosures
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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 »

Corporate Finance & Taxation
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The Forefront Law Group Announces Launch
PR Web (press release)March 1, 2012

Forefront's founding team also includes a number of other senior lawyers including the former general counsel of Calvin Klein, Kinkos, and Nexxar; an experienced commercial lawyer from Morgan Lewis; and a tax expert from BCRS; and a fund formation ...more »

Non-Profit Corporations
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Missing Person Last Seen in Gig Harbor Featured on Crime Stoppers "Cold Cases ...
Patch.comMarch 2, 2012

Crime Stoppers of Tacoma/Pierce County, a nonprofit organization that assists local law enforcements in solving crimes and finding fugitives, recently updated its website with several unsolved cases. According to the website, the Pierce County ...more »

Creditor's Rights
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How the Greek debt puzzle was solved
Vancouver SunMarch 1, 2012

BRUSSELS — Wolfgang Schaeuble was playing Sudoku on his iPad as he waited to hear whether Greece's negotiating team had persuaded private creditors to accept a bigger loss on their Greek bonds. Germany's finance minister needed this last piece of the ...more »

Professional Corporations
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Freethought San Marcos: How the right-wing molds legislators to shill for ...
San Marcos MercuryMarch 1, 2012

[Any law proposed by businessmen] ought always to be listened to with great precaution . . . It comes from an order of men, whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even to oppress ...more »

Customs Disputes
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UPDATE/Marshfield restaurant owner Kong Xin Chen released from deportation center
Wicked LocalMarch 1, 2012

Goldstein, who has been retained by Kong and his family as legal representation in his deportation case, said the Immigration and Customs Enforcement Agency (ICE) follows a protocol in which the cases of all those in custody are reviewed periodically.more »

Public Offerings
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Littleton Public School attorney talks special education funding
Wicked LocalMarch 4, 2012

By Jim Barisano Attorney Andrea Bell, the Littleton School District's legal counsel, recently spoke at the Littleton Rotary Club's weekly meeting about special education funding issues faced by the Littleton Public School System and school districts ...more »

Debt Collection
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Dear 16-Year-Old Me, Don't Go To Law School
Above the LawMarch 1, 2012

Last night we put up a video about law student debt, in which Professor William Birdthistle crunched some numbers regarding whether it's financially wise to go to law school. If you haven't already done so, check it out here.more »

Reorganizations & Restructuring
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Murphey named trustee in Citizens Corp.'s Ch. 11
Nashville Business JournalMarch 5, 2012

A restructuring expert who's no stranger to high-profile Nashville cases will take the helm of Citizens Corp.'s bid to reorganize through Chapter 11 bankruptcy proceedings. Gary Murphey, of Atlanta-based Resurgence Financial Services, has been named ...more »

Debt Settlement
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What asset managers should know about 'toxic' securities
Pensions & InvestmentsMarch 1, 2012

Many, we suspect, will not act to realize the potential value in them before the impending expiration of limitations periods — in particular, the important six-year window for fraud and misrepresentation claims under New York common law.more »

State & Minicipal Bonds
[read all news]
Bank Leumi pressuring business customers to use subsidiary
HaaretzMarch 4, 2012

Ahead of new law designed to open credit card clearing market to competition, Leumi reportedly pressuring its customers to use its subsidiary's services. By Sivan Aizescu Businesses with accounts at Bank Leumi are being pressured to use subsidiary ...more »

Directors' & Officers' Liability
[read all news]
How to handle the latest risk management topics
Smart Business NetworkMarch 1, 2012

Eleven of Aon's thought leaders will participate in panel discussions about acute and emerging risk management issues, including mergers and acquisitions and cyber liability. Professionals from across the globe will come to the conference and meet with ...more »

Trade Associations
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EBEH v. ST. PAUL TRAVELERS
Leagle.comMarch 2, 2012

Ebeh then filed a complaint in federal court asserting all of the same claims that were included in his state court complaint plus a new claim under Florida's Deceptive and Unfair Trade Practices Act, Fla. Stat. § 501.201 et seq.more »

False Advertising
[read all news]
Federal Judge Blocks Anti-Smoking Images Required On Tobacco Products
WCTI12.comMarch 1, 2012

By From Bill Mears CNN Supreme Court Producer WASHINGTON (CNN) -- A federal mandate requiring tobacco companies to place graphic images on their products warning of the dangers of smoking was tossed out Wednesday by a judge in Washington, ...more »

Unfair Competition
[read all news]
Street vendors given unfair advantage over restaurants
Vancouver SunMarch 6, 2012

... on the public curbside, or in some cases the roadway, is a taxpayer-sup-plied incentive to these food providers. However, fixed establishments that pay onerous taxes in their high-cost rental locations must surely view such competition as unfair.more »

Federal Contracts
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Planning for Lawyers
Financial-Planning.comMarch 1, 2012

There are a variety of arrangements that may include a wide variety of of-counsel arrangements, contract partner (perhaps not equity sharing), and a multitude of tiers of partnerships. The determination of what your lawyer-client will be entitled to in ...more »

Venture Capital
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Venture capital managers affect firms' success, UC Davis study finds
UC DavisMarch 1, 2012

Corporate venture capital investment strategies, goals and outcomes vary greatly depending on the background of the investment manager, a new University of California, Davis, study shows. In an analysis of the corporate venture capital units of 93 ...more »

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