Business Law News. Crime Stories, Law on News and Legal Publications in April, 2017

Top Picks in News

Take On The Law Of Numbers With Grit And Fundamentals
ForbesApril 1, 2017

With the law of numbers and perilous percentages against them, translating into limited options, small business owners survive by calling on a special kind of "I GOTTA make it" resolve . But, alas, resolve alone isn't enough. To overcome the reality of ...more »

Your internet data now available to highest bidder
Albuquerque JournalApril 1, 2017

Companies like AT&T, Comcast and Verizon now can sift through your personal information, your web browsing history, where and when you access the internet and what you do while online, and peddle that private data to whomever is willing to pay ...more »

Business Law News and Stories

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A closer look at Trump's statements on coal regulation
The Boston GlobeApril 3, 2017

WASHINGTON (AP) — President Donald Trump took steps on coal regulation and broader energy policy during a week also marked by shadow-boxing over health care and Russian intrigue. False advertising and rhetorical feints went into the mix. Here are ...more »

Federal Grants
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Washington County stake in threatened federal grants: Under $1 million
Pamplin Media GroupApril 1, 2017

Washington County could lose as much as $900,000 from the sheriff's budget if federal officials carry out a threat to withhold money from police agencies that do not aid federal immigration enforcement. The total is overstated because it includes money ...more »

Antitrust Law, Domestic
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Busy Health Insurance Legal Sector Could Get Busier
ThinkAdvisorApril 6, 2017

Recent months have seen high billings by antitrust lawyers in particular. That work is expected to continue as insurers say they will appeal court rulings rejecting several large-scale mergers. Jones Day and Crowell & Moring represented Aetna Inc. and ...more »

Foreign Investments
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BLP's Myanmar postcard - Our top picks for March 2017
Lexology (registration)April 3, 2017

The Myanmar Investment Rules (the “Rules”), necessary for the implementation of the new Myanmar Investment Law (the “Law”) which was enacted on 18 October 2016, are expected to be passed and implemented by 1 April 2017. BLP is assisting the ...more »

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Utah Supreme Court rules against Tesla in push to sell cars
Beloit Daily NewsApril 4, 2017

Tesla had argued that a state law barring car manufacturers from owning dealerships didn't apply to the company. Tesla sells its cars directly to customers rather than using independent dealerships, something Tesla attorneys argued is vital to their ...more »

Banking Law
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Congress caught between banks, retailers on debit-card fees
Chicago Daily HeraldApril 2, 2017

Congressional Republicans are eager to overhaul the Dodd-Frank financial law. One part, however, they wouldn't mind putting off. That's the provision that limits ...more »

Gaming Law
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Senate deals "low hanging fruit" in House gambling offer
Naples Daily NewsApril 20, 2017

The two chambers' major differences boil down to ideology, massive special interests and what Galvano describes as a series of poor decisions by the state's regulatory body on gambling that have left Florida vulnerable to ambiguous readings of current ...more »

Business Formation
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Court rejects Facebook's request to withhold hundreds of accounts from fraud investigation
Business InsiderApril 4, 2017

New York state's highest court on Tuesday rejected Facebook's challenge to 381 search warrants to uncover suspected widespread Social Security disability fraud by its customers. By a 5-1 vote, the Court of Appeals said it lacked jurisdiction to hear ...more »

Government Construction Contracts
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Ghana to review previous government's signed contracts for gross overpayments
Frost IllustratedApril 5, 2017

(GIN)—President Nana Addo Dankwa Akufo-Addo is pledging to review all 42 power deals signed by the previous government of John Mahama after the discovery of an apparent overpayment of $150 million to a Dubai power producer. Ghana is burdened by a ...more »

Business Law
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Trump Lawyer Confirms President Can Pull Money From His Businesses Whenever He Wants
ProPublicaApril 4, 2017

Trump's lawyer explained that the president “was completely isolating himself from his business interests.” The setup has long been slammed as insufficient, far short of the full divestment that many ethics experts say is needed to avoid conflicts of ...more »

Institutional Investing
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Reviving This Law Would Mean the End of Megabanks: QuickTake Q&A
BloombergApril 7, 2017

Passed in 1933, the Glass-Steagall law essentially split banking into two categories: deposit-taking companies backed by taxpayers that primarily made loans to businesses and consumers, and investment banks and insurers that did things like trade ...more »

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Coming Changes to Federal Criminal Discovery Rule | New York ...
New York Law Journal (registration)April 3, 2017

After years of expressing frustration with the barriers to trial preparation in complex criminal cases, with little to show for it, the organized defense bar has again ...more »

EU Lawmakers Want Action Against Hungary After Law Targets Soros
Voice of AmericaApril 5, 2017

"Support from unknown foreign sources could allow foreign interest groups to pursue their own interests via the influence of these [NGOs] in Hungary ... which threatens the country's political and economic interests," the bill said. NGOs, many of whom ...more »

Commercial Bankruptcy
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Many Americans use tax refund to pay for bankruptcy filing
Chicago Daily HeraldApril 2, 2017

For many people, a tax refund means a chance to fund a vacation or splurge on a big purchase. For some, though, it's a way to wipe out crushing debt -- not by ...more »

Internal Investigative Services
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Santa Rosa police auditor: Change internal investigations process
Santa Rosa Press DemocratApril 18, 2017

The Santa Rosa Police Department is changing how it conducts its internal personnel investigations, from allegations of officer misconduct to use of force, as part of a push by a civilian auditor hired by the city to improve its police services. Based ...more »

Commercial Leasing
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Colonies' attorney describes county supervisor's testy conduct
San Bernardino County SunApril 3, 2017

SAN BERNARDINO >> Testimony resumed Monday in the San Bernardino County-Colonies corruption trial, as a veteran county lawyer described increasingly bizarre behavior by then-Board of Supervisors Chairman Bill Postmus as he pushed to settle the ...more »

International Transactions
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US Court Ruling Could Bring More Suits Over Nazi-Looted Art KWTVApril 6, 2017

The heirs of the art dealers — Jed Leiber, Gerald Stiebel, and Alan Philipp — say their relatives were forced to sell the relics in a coerced transaction for a fraction of its market value. The consortium of dealers from Frankfurt had purchased the ...more »

Communications & Media
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Frontier Communications sponsors AEG properties
SportsPro MediaApril 3, 2017

Frontier Communications has become an official partner of the LA Kings ice hockey team and a founding partner of the StubHub Center in Los Angeles. Under the deal, Frontier will receive premium ... Sports Pro Media strongly believe in protecting the ...more »

Licensing authority guidance updated in response to concerns 10, 2017

With the updated guidance, licensing authorities have a stronger steer on how recent changes to the Licensing Act should be interpreted. A series of significant changes to the act came into force on 6 April. These changes give licensing authorities ...more »

Construction & Development
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Federal judge temporarily blocks law allowing ride-hailing companies to unionize
KIMA CBS 29April 5, 2017

SEATTLE - A federal judge in Seattle on Tuesday temporarily blocked the city's first-in-the-nation law allowing drivers of ride-hailing companies such as Uber and Lyft to unionize over pay and working conditions. U.S. District Judge Robert Lasnik's ...more »

Locating Funds
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EU OKs Law Making €1 Trillion In Money Market Funds Safer
Law360 (subscription)April 5, 2017

Law360, London (April 5, 2017, 6:48 PM BST) -- The European Parliament voted by a wide majority Wednesday to pass tough new rules covering the €1 trillion ($1.07 trillion) money market funds sector, bringing more oversight to areas of shadow banking ...more »

Contracts Involving State & Minicipality
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EXCLUSIVE: Attorney for UC Law dean says she was wrongly placed on leave
Cincinnati Business CourierApril 4, 2017

Marjorie Berman, partner at Krantz & Berman and counsel for Bard, told the Business Courier in an emailed statement that a small group of law school faculty took advantage of a change in leadership at UC – the university instated a new president on Dec.more »

Mergers, Acquisitions & Divestitures
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Greenhill & Co., Inc. (GHL) Upgraded at Zacks Investment Research
The Cerbat GemApril 21, 2017

According to Zacks, “GREENHILL & CO., Inc. is a leading independent investment bank that provides financial advice on significant mergers, acquisitions and restructurings; assists private funds in raising capital from investors; and manages merchant ...more »

Controlled Substances Law
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New Iberia man arrested in early morning narcotics raid
The Daily IberianApril 4, 2017

According to the IPSO inmate locator, Davis was booked on one count of aggravated battery, one count of aggravated assault, one count of simple battery, violation of controlled dangerous substance law, possession with intent to distribute (Sch. I ...more »

Mortgages & Foreclosures
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Mortgage firm agrees to $18M settlement
Cherry Hill Courier PostApril 3, 2017

CAMDEN - PHH Mortgage Corp. and three insurers would pay more than $20 million under a proposed settlement of a class-action lawsuit brought by customers of the home-loan firm. The payment, which has received preliminary approval from a federal ...more »

Corporate Finance & Taxation
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Deal Watch: Five Firms Help ConocoPhillips Exit Canada
The American LawyerApril 3, 2017

... as the company's assistant general counsel and corporate secretary. In order to finance the deal, which will make Cenovus the third-largest oil sands producer, the Calgary-based company plans to raise $1.35 billion from the sales of its Alberta ...more »

Non-Profit Corporations
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Denver inventors and IP attorneys launch group to promote women in STEM careers
Denver Business JournalApril 12, 2017

ChIPs is a nonprofit corporation that got started 12 years ago with seven women in Silicon Valley who would get together for an occasional dinner. They mostly talked about their concerns about the lack of women in patent and intellectual property law ...more »

Creditor's Rights
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St. Louis County painting company files bankruptcy
St. Louis Business JournalApril 4, 2017

Lester Painting's office manager said the company is trying to restructure and would continue operating. Subscribe to get the full story. Already a subscriber? Sign in. Subscribe to get the full story. Already a subscriber? Sign in. SPECIAL OFFER ...more »

Professional Corporations
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Companies, their directors and the long arm of the law
Lexology (registration)April 11, 2017

A consultation paper in 2000 eventually led to the Corporate Manslaughter and Corporate Homicide Act 2007 (CMCHA). Prior to 6th April 2008, it was possible for a corporate entity to be prosecuted for a number of criminal offences, including the common ...more »

Customs Disputes
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Gender-just laws versus “Divine” law in Sri Lanka
Open DemocracyApril 4, 2017

This was justified by the then Minister of Justice on grounds that the 'Muslim community is entitled to be governed by their own laws, usages and customs and it would not be productive to aim at a level of uniformity which does not recognize adequately ...more »

Public Offerings
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Attorney's illness throws Sanderson murder case in doubt
Danbury News TimesApril 21, 2017

Both the defense and prosecution were preparing to give closing statements Tuesday, after weeks of testimony, when Public Defender Michael Courtney failed to show up in court. Officials from the public defender's office said he was in the hospital but ...more »

Debt Collection
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IRS turns to debt collectors to call about unpaid taxes
Detroit Free PressApril 4, 2017

The Internal Revenue Service will soon turn to private debt collectors to address unpaid federal income taxes. But consumers, not surprisingly, are being warned that scam artists could ramp up calls demanding that you pay back taxes now. The IRS will ...more »

Reorganizations & Restructuring
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Trump removes Stephen Bannon from National Security Council in staff shakeup
Los Angeles TimesApril 5, 2017

President Trump has removed his controversial chief strategist, Stephen K. Bannon, from the powerful National Security Council in a staff reshuffle that consolidated the power of the White House national security advisor, H.R. McMaster. During the ...more »

Debt Settlement
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Bernie Sanders Just Introduced His Free College Tuition Plan
The Nation.April 3, 2017

President Donald Trump doesn't appear willing nor interested in addressing astronomical student debt levels, which long since crested above $1 trillion. In fact, his administration has made it easier for for-profit colleges to rip off students, and ...more »

State & Minicipal Bonds
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KU team wins national award in business law competition
KU TodayApril 5, 2017

LAWRENCE – A team of University of Kansas law students captured the Best Draft Award at the national championship rounds of the 2017 Transactional LawMeet. Aspiring transactional lawyers Jake Ediger of Topeka, Justine Koehle of Woodland, California, ...more »

Directors' & Officers' Liability
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Legal Perspective: Are you liable if hackers steal your employees' data?
Tulsa WorldApril 4, 2017

Courts are just beginning to address the potential liability of employers in this situation and have reached differing conclusions. Victimized employees generally seek redress in negligence from their employers. Under a negligence theory, employees ...more »

Trade Associations
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E.U. Responds to Hungary's Higher Education Law
Inside Higher EdApril 27, 2017

... but also with the right of academic freedom, the right to education and the freedom to conduct a business as provided by the Charter of Fundamental Rights of the European Union, as well as with the union's legal obligations under international ...more »

False Advertising
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The real reason behind the new law for ISPs and what it means for internet users
TechRepublicApril 4, 2017

President Trump signed a law on Monday that repeals FCC protections requiring internet service providers (ISPs) to get permission from customers before collecting and sharing their browsing data. While the repeal was put in place to make ISPs more ...more »

Unfair Competition
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Third Circuit Won't Shunt 'Pay-For-Delay' Cases to Special Court
Bloomberg BNAApril 17, 2017

The Third Circuit said the plaintiffs' claims that the drugmakers engaged in illegal reverse payments and lied to the U.S. Patent Office didn't arise under patent law, so they don't belong before the Federal Circuit. The court said that, based on that ...more »

Federal Contracts
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Man denies fraud charges stemming from truck purchases
Bennington Banner (subscription)April 4, 2017

Simon entered into a contract to purchase a 2013 GMC truck from Bennington Subaru for $51,249 on Aug. 31. He wrote a personal check from his account with the Bank of Bennington to the dealership for $32,000; the remainder was financed through a ...more »

Venture Capital
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Felix Capital Raises $55M for Second Venture Capital Fund
FinSMEs (blog)April 9, 2017

Felix Capital, a London, UK-based venture capital firm, raised $55m for its second fund. Per an SEC filing, 11 investors participated in the offering of Felix Capital Fund II LP. Led by Frederic Court, Antoine Nussenbaum, Carmen Alfonso Rico, Les Gabb ...more »


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Making a Market for Acts of God: The Practice of Risk Trading in the Global Reinsurance IndustryMaking a Market for Acts of God: The Practice of Risk Trading in the Global Reinsurance Industry
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Sylvester V QuitiquitAttorney at LawPRACTICE AREA: Real Estate Law, Litigation, Industrial Development Law
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