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

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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 »

Tailored coverage — and expert help — mitigate life sciences company risks
Smart Business NetworkApril 1, 2017

Most boards of life sciences companies require director's and officer's liability insurance to protect against shareholder and other litigation because personal assets are on the line. Another unique risk comes from conducting clinical trials on humans ...more »

Business Law News and Stories

Advertising
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Mercedes-Benz, BMW, Hyundai pull advertising from Bill O'Reilly's show amid sexual harassment accusations
Chicago TribuneApril 4, 2017

"As a company, we seek to partner with companies and programming that share our values of inclusion and diversity," Hyundai said in the statement. "We will continue to monitor and evaluate the situation as we plan future advertising decisions." BMW ...more »

Federal Grants
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GUEST COLUMN: Equal justice under the law threatened by budget cuts
SaukValley.comApril 7, 2017

Without LSC, many more people living in poverty will not have access to the American court system. I cannot precisely say what Prairie State would look like without the support of LSC and these other funding sources, but together, these funds represent ...more »

Antitrust Law, Domestic
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Over 10 construction firms raided over suspected bid rigging
Japan TodayApril 5, 2017

Among other bid-rigging cases related to reconstruction projects in the disaster-hit Tohoku region, such as East Nippon Expressway Co's projects to repair expressways, road-paving companies and their officials were convicted of violating the antitrust law.more »

Foreign Investments
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Foreign investments in Bosnia reach prelim 235.5 mln euro in 2016 - FIPA
SeeNewsApril 3, 2017

SARAJEVO (Bosnia and Herzegovina), April 3 (SeeNews) – Foreign investments in Bosnia and Herzegovina totalled 460.6 million marka ($251.1 million/235.5 million euro) in 2016, the country's Foreign Investment Promotion Agency (FIPA) said on Monday, ...more »

Franchising
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When Should I Issue a Franchising Notice of Dispute?
Lexology (registration)April 4, 2017

Unfortunately, disputes can arise during the franchise relationship. Both parties to a franchise agreement rely on the other to uphold their end of the bargain, and it's crucial to each party's business that the other does just that. Part of being a ...more »

Banking Law
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Banks like ING and DNB are backing away from pipelines
GreenBizApril 3, 2017

Getting the rest of the banks to divest could be an uphill battle because of their contractual obligations to the pipeline company, according to Arthur Wilmarth, a George Washington University law professor who teaches banking law. “The divestment is ...more »

Gaming Law
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Video gaming providers sue state over 'unconstitutional' law
Illinois News NetworkApril 5, 2017

A lawsuit filed Tuesday in Cook County Circuit Court claims that Illinois' video gaming law illegally cheats state businesses out of as much as $150 million annually. The lawsuit, filed against the Illinois Gaming Board, says a 2009 law legalizing ...more »

Business Formation
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New Clerky tools help startups hire and raise funds without running into legal problems
TechCrunchApril 2, 2017

Clerky may not be a household name like TurboTax today, but the company's business formation software has been called a “secret weapon” by startup founders in Silicon Valley for years. Many Y Combinator co-founders use it to get their companies started ...more »

Government Construction Contracts
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Contractors make case against Prevailing Wage repeal
Missourinet.comApril 6, 2017

The main concern construction contractors have is that repealing prevailing wage will encourage companies to hire cheap, out-of-state labor, taking away jobs that would normally go to local contractors. Government construction contracts are awarded to ...more »

Business Law
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Prosecutors question role of Kansas City lawyers in Scott Tucker payday loan case
Kansas City StarApril 3, 2017

A New York grand jury in February 2016 indicted Tucker, along with Muir, an Overland Park attorney not affiliated with McDowell, Rice, Smith & Buchanan but who handled Tucker's business affairs. They are charged with extending deceptive loans, unlawful ...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 »

Commercial
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Deadline for Diversity Issued by Top MetLife Lawyer
Bloomberg Big Law BusinessApril 3, 2017

Frustrated by the lack of diversity in the legal profession, MetLife's General Counsel Ricardo Anzaldua is planning to use his $100 million annual legal budget to nudge law firms in the right direction. On April 20, Anzaldua will host lawyers from all ...more »

Avoiding settlement agreements through higher-priority security interests
Grand Rapids Business Journal (subscription) (blog)April 18, 2017

After affirmation of the bankruptcy court's decision by the District Court and the Third Circuit Court of Appeals, the Supreme Court reversed the bankruptcy court's holding. Ultimately, the Supreme Court determined the priority rules set forth by the ...more »

Commercial Bankruptcy
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In re Dingley | The Recorder
The RecorderApril 4, 2017

Automatic bankruptcy stay no bar to civil contempt proceedings (Clifton, J.)more »

Internal Investigative Services
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Cleveland police shooting will test internal investigations into officer-involved deaths
cleveland.comApril 10, 2017

The fatal shooting of a man in Cleveland's Brooklyn Centre neighborhood will prove to be the city's first test of how internal investigations handle a fatal shooting by a police officer since the city agreed to reform the police department. (cleveland ...more »

Commercial Leasing
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Moore County Crime of the Week: Heavy Duty Commercial Batteries
MyHighPlainsApril 3, 2017

At 3:35 a.m., deputies with the Moore County Sheriff's Office were dispatched to Mission Petroleum Carries in reference to a burglary. According to the complainant, he arrived on scene and noticed a vehicle described as a red in color passenger car ...more »

International Transactions
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Clifford Chance, KWM on First Ever Australian Master Trust Deal
International LawApril 3, 2017

Ingram said: “Being able to adapt an internationally recognized financing structure to the requirements of Australian law and market practice was key to the success of the transaction. We were able to achieve this through using our strengths in finance ...more »

Communications & Media
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In Our View: Ruling Not End of Privacy
The ColumbianApril 3, 2017

The regulations would have prevented telecommunications companies such as Verizon and AT&T and Comcast from selling information about internet habits, even though companies such as Google and Facebook are allowed to do so. Therein lies one of the ...more »

Athens-Clarke County alcohol licensing fees facing court challenge
Online AthensApril 10, 2017

The lawsuit goes on to contend that another section of state law requires local governments to refund any license fees, alcohol or otherwise, that are determined to have been erroneously or illegally assessed. In addition to asking the court to certify ...more »

Construction & Development
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Ball Janik LLP Elected Evan J. Small a Partner
BenzingaApril 5, 2017

Ball Janik LLP elected Evan J. Small a Partner effective April 1, 2017. Small joined Ball Janik's Orlando, Florida office when it opened in September 2013; he is a Florida Board Certified Specialist in Construction Law and assists clients with ...more »

Locating Funds
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Montana Supreme Court justices raise concerns about legal aid funding
KTVHApril 3, 2017

HELENA – All seven current justices of the Montana Supreme Court, along with eight retired members, are calling on Congress to continue funding two groups that help provide legal aid for people who can't afford it. The justices sent a letter this week ...more »

Contracts Involving State & Minicipality
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Powers joins law firm's Lebanon office
Journal ReviewApril 5, 2017

Practicing since 2006, Powers and has a strong background in business as well as in the practice of law. Most recently, she operated the Powers Law Firm in Indianapolis. Powers will focus her law practice with TCMSC in the areas of family, criminal and ...more »

Mergers, Acquisitions & Divestitures
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People's United Financial, Inc. Completes Acquisition of Suffolk Bancorp
Yahoo FinanceApril 3, 2017

... the introduction, withdrawal, success and timing of business initiatives; competitive conditions; the inability to realize cost savings or revenues or to implement integration plans and other consequences associated with mergers, acquisitions and ...more »

Controlled Substances Law
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Felony Arrests published April 6, 2017
The Livingston Parish News (press release) (subscription)April 6, 2017

441, Holden, two counts possession of Schedule II controlled dangerous substance, obstructing public passages, violations of registration provisions, operating vehicle with suspended license; other offenses. Bond $21,094. Justin Poche, 22, 43100 Poche ...more »

Mortgages & Foreclosures
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Epps v. Lindsey
The RecorderApril 12, 2017

AB 2610 would help alleviate the debilitating, sudden upheaval of Californians who reside in foreclosed properties by eliminating the inconsistency, confusion and abuse of existing laws intended to protect them." (Ibid.) Notably, the author also ...more »

Corporate Finance & Taxation
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UK Lawyer Files Irish Lawsuit to Create Brexit Escape Clause
Bloomberg Big Law BusinessApril 3, 2017

The tax lawyer has said previously that his ultimate goal is to get the case referred to the EU Court of Justice in Luxembourg. The lawsuit is the latest in a line of cases designed to complicate the Brexit path. Earlier this year, investment manager ...more »

Non-Profit Corporations
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School choice profits on the taxpayers' dime
Arizona Capitol TimesApril 6, 2017

BASIS School Inc., which collects the taxpayers' dollars, is a non-profit. However, it is managed by the for-profit, BASIS Educational Group, LLC. In 2014-15, just shy of $60 million went from the BASIS non-profit to the for-profit corporation to ...more »

Creditor's Rights
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HHM adds a new attorney to its Salem office
Akron Legal NewsApril 6, 2017

HHM has more than 20 lawyers in its Youngstown, Warren and Salem offices who represent corporations, nonprofit organizations, government agencies and individuals in matters ranging from business and employment and creditors' rights to oil and gas.more »

Professional Corporations
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Greenberg Traurig Expands Corporate Strength with 2 Additions in New Jersey
Yahoo FinanceApril 5, 2017

Petrequin concentrates on corporate finance, mergers and acquisitions, and general corporate law. He serves as lender's counsel and represents public and private corporations, as well as banks and other financial institutions. He also represents ...more »

Customs Disputes
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3 tiger cubs destined for zoo in Syria rescued in Lebanon
6abc.comApril 4, 2017

Mier said the crate arrived with no markings and no documents, and did not meet IATA regulations nor those of CITES, the Convention on International Trade in Endangered Species, despite the fact that the four-month-old Siberian tigers fall under that ...more »

Public Offerings
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Missouri Attorney General Acts to Fight Human Trafficking
U.S. News & World ReportApril 4, 2017

Hawley's initiatives include issuing new consumer protection rules, creating a new anti-trafficking unit under the attorney general's office and establishing an anti-trafficking task force to combat commercial sex and forced labor, according to a ...more »

Debt Collection
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Unwelcome house calls: Arizonans complain about medical debt collectors
Today's News-HeraldApril 13, 2017

And while aggressive collection practices are not necessarily illegal, agencies are bound by federal and local laws, including “the Fair Debt Collection Practices Act, the Fair Credit Reporting Act, and Dodd-Frank (Wall Street Reform and Consumer ...more »

Reorganizations & Restructuring
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Verizon Shuffles, Adds New Network Team Leader
Techzone360April 3, 2017

Normally, when phrases like “restructuring” or “reorganization” come up, there's a bit of hard swallowing followed by the bleak notion of just how many good workers are about to get laid off now. Sometimes, however, it's just a simple shuffling of the ...more »

Debt Settlement
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Trump Paying $25M After Judge Approves Trump University Deal
Memphis Daily NewsApril 2, 2017

SAN DIEGO (AP) – A judge on Friday approved an agreement for President Donald Trump to pay $25 million to settle lawsuits over his now-defunct Trump University, ending nearly seven years of legal battles with customers who claimed they were misled by ...more »

State & Minicipal Bonds
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Trump Has Unfair Advantage in Hospitality Game, Lawsuit Claims
Bloomberg Big Law BusinessApril 19, 2017

They're joined by constitutional law scholars Erwin Chemerinsky of UC Irvine, Laurence Tribe of Harvard and Zephyr Teachout of Fordham. Deepak Gupta of Gupta Wessler PLLC and Joseph Sellers of Cohen Milstein Sellers & Toll PLLC also represent the ...more »

Directors' & Officers' Liability
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Supreme Court to weigh corporations' liability in human rights violations abroad
Washington PostApril 3, 2017

Most federal appeals courts that have considered the issue have said the law allows suits against corporations as well as individuals. But the U.S. Court of Appeals for the 2nd Circuit in New York threw out the case at issue, filed by those who alleged ...more »

Trade Associations
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Trump's 'Buy American' Pledge May Be At Risk With His Border Wall
Long Island PressApril 9, 2017

The Buy American Act was passed in 1933 to encourage the federal government to purchase materials made mostly in the U.S. But the law is superseded by many of the free trade agreements the U.S. has entered over the years, such as the North American ...more »

False Advertising
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Australian Consumer Regulator Sues Apple Over 'Error 53' iPhone Shutdowns
Mac RumorsApril 6, 2017

Apple faced a class action lawsuit in the U.S. over the error message last year, after some users accused it of false advertising and complained of data loss. Apple reimbursed the affected customers with working devices, and the company's motion to ...more »

Unfair Competition
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Court dismiss class action against loan servicing company over property inspections
Legal News LineApril 11, 2017

They alleged that the lenders were in violations of RICO (The Racketeer Influenced Corrupt Organizations Act) and the California Unfair Competition Law. The plaintiffs said that the fees were never disclosed to them and that they were done too ...more »

Federal Contracts
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Invisible, polished, solar walls among bids for Trump's border wall
RTApril 5, 2017

It is standard practice not to share details on those bidding on government contracts but the federal government is expected to announce around June 1 which companies will be hired to build prototypes. A federal database showed around 200 companies ...more »

Venture Capital
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GOLDMAN: There's a group of investors with $121 billion in dry powder to make new deals
Business InsiderApril 9, 2017

Dry powder available in venture capital funds has reached a record level at more than $121 billion, which could lead to even more dealmaking after high activity in recent years, according to a new Goldman Sachs report. Venture capital funds raised $64 ...more »

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