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

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Utility Proposal Would Increase Legacy Costs for California CCAs
RTO InsiderMay 1, 2017

The proposal — filed jointly by Pacific Gas and Electric, Southern California Edison and San Diego Gas & Electric — calls for the California Public Utilities Commission to adopt a new approach to apportioning the utilities' costs for energy contracts ...more »

GOP Suffers From Irrational Belief in Tax Reform
NewsmaxMay 1, 2017

It was a bad idea when foisted on the American people in 1913 and, after 114 years, it is nothing but a catastrophe for the American economy now. There are a plethora of tax ... Categorizing all the circumstances, situations, transactions, and possible ...more »

Business Law News and Stories

Advertising
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Poor residents of a flooded Philippines village need...KFC?
Campaign Asia-PacificMay 5, 2017

Well, I admit that delivering some chicken to people who clearly enjoyed it is not a crime against humanity. Certainly it doesn't hold a candle to things that are going on in the Philippines or the US right now, for example. But it is a crime against ...more »

Federal Grants
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11 Tribes In North, South Dakota Receive Federal Grants
CBS Minnesota / WCCOMay 1, 2017

BISMARCK, N.D. (AP) — Both Dakotas and tribes in the two states are getting federal grant money for historic preservation work. The grants are through the Interior Department and National Park Service. They're aimed at efforts that help preserve ...more »

Antitrust Law, Domestic
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The EU Commission is preparing to Lay Down new Digital Policies for Europe to Punish Apple and Google
Patently AppleMay 6, 2017

Regulators were seeking information on the restrictions Apple places on apps offered through the store. The U.S. Federal Trade Commission similarly was exploring whether Apple's treatment of rival streaming music apps in the App Store violate antitrust ...more »

Foreign Investments
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New Regulations For Offering Foreign Mutual Investment Funds To The Public In Israel
Mondaq News Alerts (registration)May 3, 2017

Only foreign mutual funds which operate in accordance with the US Investment Company Act of 1940 or the European Directive (UCITS) are eligible to be offered to the public in Israel. The new regulations set forth additional criteria that should be met ...more »

Franchising
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Robert Miller Acknowledges Future Electronics Team on New Franchise Agreement with Gemalto
MENAFN.COMMay 2, 2017

(MENAFN Editorial) Pointe Claire, Quebec (forpressrelease) May 2, 2017 - Future Electronics, a global leading distributor of electronic components, recently announced the completion of a new franchise agreement with Gemalto. Robert Miller, President of ...more »

Banking Law
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South Africa's Zuma signs anti money-laundering bill FICA into law
NasdaqMay 1, 2017

(Adds details, background) JOHANNESBURG, April 29 (Reuters) - South African President Jacob Zuma has signed the anti-money laundering bill FICA, which allows increased scrutiny of the bank accounts of "prominent individuals", including himself, into ...more »

Gaming Law
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Givens Givens Sparks' Attorney Coaches Moot Court Competition in Las Vegas
BenzingaMay 3, 2017

The competition focused on emerging issues at the intersection of gaming law and regulation and allowed the students to hone their appellate advocacy skills before prominent jurists and gaming practitioners in the gaming capital of the world.more »

Business Formation
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Coalfire Announces Formation of Coalfire Federal, Formerly Veris ...
Business Wire (press release)May 2, 2017

Coalfire, a leader in cybersecurity risk management and compliance services, today announced the formation of Coalfire Federal to manage federal gover.more »

Government Construction Contracts
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Local governing bodies to take up matters involving Reser's plant construction, Gage Park
Topeka Capital JournalMay 6, 2017

The city's governing body, consisting of the nine council members and Mayor Larry Wolgast, plans to consider annexing 12 acres at 3636 S.E. 6th Ave. and amending a city contract with Oregon-based Reser's Fine Foods to allow it to locate wastewater ...more »

Business Law
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US small business borrowing stalls in March
ReutersMay 1, 2017

Borrowing by small U.S. firms stalled in March, as business owners remained cautious about investing amid policy uncertainty, data released on Monday showed. The Thomson Reuters/PayNet Small Business Lending Index for March registered 134, down 1 ...more »

Institutional Investing
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Vermont Law Adds Bitcoin as 'Permissible Investment' for MSBs
CoinDeskMay 8, 2017

Vermont has passed a new bill that tweaks state law to account for digital currencies. The bill, signed into law on 4th May according to public documents, updates the state's money transmission rules with a definition for "virtual currency". It was ...more »

Commercial
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Sent to Prison by a Software Program's Secret Algorithms
New York TimesMay 1, 2017

The report in Mr. Loomis's case was produced by a product called Compas, sold by Northpointe Inc. It included a series of bar charts that assessed the risk that Mr. Loomis would commit more crimes. The Compas report, a ... The government can surely ...more »

Lobbyists lining up to influence marijuana laws in Maine
Press HeraldMay 8, 2017

The twice-weekly meetings of the Marijuana Legalization Implementation Committee are often filled with attorneys from many of Maine's largest law firms as well as paid consultants and people with vested interests in the marijuana industry. At least a ...more »

Commercial Bankruptcy
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Letter: Immigration is bankrupting America
Daily CommercialMay 1, 2017

That all changed with illegal immigration into America on a massive scale in the late 1970s when Mexico's economy collapsed when President Jose Lopez Portillo ran his country into bankruptcy. That resulted in disaster for the beleaguered Mexican ...more »

Internal Investigative Services
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Police Minister backs police gun branch
The Border MailMay 14, 2017

The force's internal investigations branch and the taskforce that investigates sexual harassment by police are examining a number of sworn police in the Victoria Police Licensing and Regulation Division (LRD) after complaints from within the security ...more »

Commercial Leasing
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'Startup Odisha' web portal launched by CM
PragativadiMay 2, 2017

The portal also provides essential sample tools and templates on Commercial lease agreement, consultancy agreement, employment agreement and non-disclosure agreement which are regularly required by startups during their operations. In a bid to ...more »

International Transactions
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Curbing benami transactions
The News InternationalMay 1, 2017

Moreover, in the absence of any law prohibiting benami transactions until recently, it was an attractive and simple way for white-collar criminals to launder money; the alternative being more sophisticated schemes like trade-based money laundering and ...more »

Communications & Media
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May 1, 2017 People Page
The Exponent Telegram (press release) (registration)May 1, 2017

Golder has experience in corporate and commercial law, business entities, contract law, mergers and acquisitions and commercial real estate, land use and zoning law. The attorney graduated from Wittenberg University and earned his Juris Doctor degree ...more »

Google case raises doubts about German news copyright law
ITworldMay 9, 2017

Rather than rule in their favor, the Berlin court hearing their case has raised doubts about the validity of the very law they sought to enforce: It has asked the Court of Justice of the European Union (CJEU) to rule on whether the German government ...more »

Construction & Development
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Stoel Rives Adds Corporate Law Partner Steven Boender in Portland
PR Newswire (press release)May 1, 2017

PORTLAND, Ore., May 1, 2017 /PRNewswire/ -- Stoel Rives LLP, a member of the Am Law 200 and Oregon's largest and market-leading corporate law firm, is pleased to announce that Steven J. Boender has joined as a partner in the firm's corporate practice ...more »

Locating Funds
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Highway funding plans passed in recent years by US states
McClatchy Washington BureauMay 6, 2017

Mike Pence, now the vice president, signs a law shifting about $230 million over two years from the state's reserve fund to state highways and bridges; the reserves also are tapped for about $580 million to fund work on city and county roads. 2017 ...more »

Contracts Involving State & Minicipality
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Supreme Court says cities can sue banks under anti-bias law
STLtoday.comMay 1, 2017

WASHINGTON • The Supreme Court ruled Monday that cities may sue banks under the federal anti-discrimination in housing law, but said those lawsuits must tie claims about predatory lending practices among minority customers directly to declines in ...more »

Mergers, Acquisitions & Divestitures
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First Bancorp to Acquire ASB Bancorp, Inc.
PR Newswire (press release)May 1, 2017

SOUTHERN PINES N.C. and ASHEVILLE, N.C., May 1, 2017 /PRNewswire/ -- First Bancorp (Nasdaq: FBNC), the parent company of First Bank, announced today the signing of a definitive merger agreement under which First Bancorp will acquire ASB Bancorp ...more »

Controlled Substances Law
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A Coweta County jury convicts 4 former prison guards
Newnan Times-HeraldMay 1, 2017

During a federal investigation, the FBI uncovered that correctional officers were smuggling contraband (including controlled substances and cellular telephones) into state prisons. Inmates used many of those contraband cell phones to commit wire fraud, ...more »

Non-Profit Corporations
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British Columbia's Business Temptation: An Opaque Array of Tax Breaks
New York TimesMay 2, 2017

“There's a real concern corporations are just stripping money out of places,” said Michael Knoll, a law professor and a director at the University of Pennsylvania Law School Center for Tax Law and Policy. “This lack of transparency is aiding that ...more »

Corporate Finance & Taxation
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'It's a tax rip-off'
The Boston GlobeMay 1, 2017

Every dollar his children receive means less money going directly to charities. The Martin Memorial Trust's practices are widespread in the foundation world, said Bruce R. Hopkins, a Kansas City lawyer and author of “Private Foundations: Tax Law and ...more »

Professional Corporations
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Corporate Political Disclosure Fight Shifts to Mutual Funds
The National Law ReviewMay 4, 2017

Corporate political disclosure activists this week launched a new tactic in their fight to pressure companies to publicly disclose information about their political and lobbying activities. For more than a decade, public pension funds and others have ...more »

Creditor's Rights
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Greece, creditors agree new bailout terms
WQOW TV News 18May 2, 2017

The agreement with creditors was reached after a nightlong session of talks at a hotel in Athens. Government officials said lenders dropped their demands to abolish a long list of employment rights and also agreed to the expansion of benefit schemes ...more »

Public Offerings
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County Public Defender's Office gets $750000 grant
Salamanca PressMay 15, 2017

While state troopers making an arrest in the county don't make the calls to the public defender's office, it is being done through the 911 dispatchers office, according to Legislator Robert Neal, R-Randolph. It's a working agreement between state ...more »

Customs Disputes
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The Latest: Chicago May Day event draws 20000 marchers
Sacramento BeeMay 1, 2017

Police are threatening more arrests Monday at the Alameda County Administration Building as more than 100 protesters demand an end to what they call collaboration between county law enforcement and the U.S. Immigration and Customs Enforcement ...more »

Reorganizations & Restructuring
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Reorganization may include Leominster school closures
Sentinel & EnterpriseMay 25, 2017

LEOMINSTER -- Local school officials announced Tuesday night that closing two of the city's schools and reorganizing grades at other schools might be one possible solution to narrowing the district's projected $5 million deficit. During Tuesday's ...more »

Debt Collection
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Watch out: debt collection gets inventive and high-tech
MarketWatchMay 1, 2017

Debt collectors have long chafed at regulations that restrict how often they can call consumers, and require debtors' consent to be called. New software lets collectors sidestep ... “They're trying to torture the language of the Telephone Consumer ...more »

State & Minicipal Bonds
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Trump Hires Law Firm to Fight Suggestions of Russia Business Ties
NBCNews.comMay 9, 2017

He has no business in Russia. He has no connections to Russia. So he welcomes that," Spicer said. "In fact, he is already charged a leading law firm in Washington, D.C., to send a certified letter to Senator Graham to that point that he has no ...more »

Debt Settlement
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3 Surprisingly Cheap Stocks With High Dividends
NasdaqMay 3, 2017

Compare the company's debt-to-equity against the industry average and use the EBITDA-to-Interest coverage ratio to make sure it's booking enough income to cover interest payments. I also look for dividend growth to confirm management's commitment ...more »

Trade Associations
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New Federal Trade Secrets Law Yields First Award
Corporate Counsel (registration)May 4, 2017

In the first award of its kind under a new federal law on trade secrets, jam maker Dalmatia Import Group Inc. on Wednesday was granted more than $5.2 million in treble damages. Michael Nadel, co-head of the litigation practice at McDermott Will & Emery ...more »

Directors' & Officers' Liability
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Span-America Medical Systems, Inc. Agrees to Be Acquired by Savaria Corporation
Business Wire (press release)May 1, 2017

GREENVILLE, S.C.--(BUSINESS WIRE)--Span-America Medical Systems, Inc. (“Span-America”) (NASDAQ:SPAN) announced today that it has reached an agreement to be acquired by Savaria Corporation, an Alberta, Canada corporation (“Savaria”) (TSX:SIS). ... its ...more »

Unfair Competition
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MEPs fear road workers will miss out on social rights
EUobserverMay 5, 2017

CNR said the huge discrepancies in employment conditions between countries are legal in light of EU law, because EU rules are interpreted differently by government bodies from one country to the next. This legal - but some would say unfair ...more »

False Advertising
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The Do's and Don'ts of social media for lawyers
Legal Futures (blog)May 3, 2017

With Facebook alone having over 1.86bn monthly active users, businesses need to be on social media to connect with potential clients. When it comes to social media for lawyers, however, they must follow advertising and ethics rules within their ...more »

Venture Capital
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Venture Capital: Handle with care
IPE.comMay 2, 2017

Venture capital (VC) evokes powerful emotions, both positive and negative, from investors as well as the press and governments seeking to create Silicon-Valley type hotspots in their economies. With the rush of mobile phone apps, many without any clear ...more »

Federal Contracts
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Each day 150 workers die in the US due to hazardous work conditions
World Socialist Web SiteMay 1, 2017

The administration has abolished rules requiring employers to keep accurate records of injuries and illnesses incurred on the job, as well as requiring companies to report past health and safety violations when bidding for federal contracts. Trump's ...more »

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