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

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US Expats FACE FATCA Tax Filing Dilemma
iExpats.comMay 1, 2017

American expats fear a crackdown by the US Internal Revenue Service (IRS) if they fail to declare their offshore cash and investments under the controversial FATCA laws. The Foreign Account Tax Compliance Act (FATCA) was backed by former President ...more »

Diego Pellicer, The 'Premium' Marijuana Brand That Never Touches The Plant
BenzingaMay 1, 2017

Diego Pellicer Worldwide Inc (OTC: DPWW) is a real estate and consumer retail development company in the cannabis industry. You might have seen their cool, fancy stores if you've ever been to Seattle or Denver, or maybe heard about the company's ...more »

Business Law News and Stories

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Stop faking it, says deputy minister
The Star OnlineMay 5, 2017

PETALING JAYA: Clickbait, fake news and false advertisements may be enticing, but clicking on them will come with a price, warned the Communications and Multimedia Ministry. Deputy Communications and Multimedia Minister Datuk Jailani Johari warned ...more »

Federal Grants
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Congress Boosts Funds for Heroin, Immigration Judges
The Crime ReportMay 1, 2017

It includes 10 additional immigration judge teams to process immigration reviews more quickly, and reduce the backlog of pending cases. Congress provided $2.4 billion in grants to support law enforcement and victims of crime. More money goes to ...more »

Antitrust Law, Domestic
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Full transcript: FCC Chairman Ajit Pai on Recode Decode
RecodeMay 5, 2017

To me, as a recovering antitrust lawyer, that's a classic question of antitrust. You want to determine, of course, is there vertical restraint, as it's called in the business, that is impeding competition or is otherwise harming consumer welfare. That ...more »

Foreign Investments
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EBRD head sees no thaw in freeze on Russia investments
Markets InsiderMay 2, 2017

EBRD directors rejected a similar push by Russia last year but raising the issue at the annual meeting means it will be discussed by national finance ministers and central bank heads who act as the bank's 'governors'. "This situation was discussed last ...more »

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Suites near courthouse working for attorneys
Jacksonville Daily RecordMay 4, 2017

Gufford said Tuesday EPS is 95 percent leased. Eighty percent of the tenants are solo practitioner lawyers or small firms and about 15 percent are court reporters. “We've turned into a legal business center,” she said. A similar business model also is ...more »

Banking Law
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State regulators file lawsuit challenging OCC special purpose national bank charter for fintech companies
JD Supra (press release)May 1, 2017

In comments filed on the OCC's proposal, the CSBS and others asserted that the proposal would allow fintech companies to avoid state consumer protection laws and make it more difficult for states to enforce such laws by removing their visitorial oversight.more »

Gaming Law
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Casinos and Marijuana: Gaming Legislators Conference June 9-11 in Denver to Tackle Legal and Policy Issues
BenzingaMay 5, 2017

DENVER, CO--(Marketwired - May 5, 2017) - The ambitious agenda at the Summer Meeting of the National Council of Legislators from Gaming States (NCLGS) will include the important topic of Casinos and Marijuana: Legal and Policy Issues. According to ...more »

Business Formation
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Why Art Business Incubators are Boosting Startups
Small Business TrendsMay 1, 2017

New business formation is often constrained by uncertainty. When a person has an idea for a new business, he or she rarely knows whether the product or service needed can be produced, whether customers will demand it, or whether competitors will offer ...more »

Government Construction Contracts
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Abbott slams 'anti-men' gender quotas 1, 2017

Under the plan, companies that fail or refuse to recruit similar numbers of men and women risk losing lucrative government contracts in the gender-bending experiment intended to boost women's pay but which business groups have warned could mean a bad ...more »

Business Law
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Business Law Update - May 2017
JD Supra (press release)May 1, 2017

Creating a start-up company is an exciting time for any new business owner. The first legal step for any business owner should be to form your entity in order to protect your personal assets, but there are a few more steps to be taken before you cut ...more »

Institutional Investing
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Georgia Music Investment Act becomes law
Atlanta Journal ConstitutionMay 9, 2017

Music supporters, including members of Georgia Music Partners and The Recording Academy, gathered at the State Capitol on Feb. 1 as part of Georgia Music Day, which launched the initiative to pass HB155, the Georgia Music Investment Act. Photo credit: ...more »

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EPA Extends Comment Date for Proposed Rules Banning Certain Uses of TCE, NMP, and Methylene Chloride
The National Law ReviewMay 1, 2017

Some states have laws and ethical rules regarding solicitation and advertisement practices by attorneys and/or other professionals. The National Law Review is not a law firm nor is intended to be a referral service for attorneys ...more »

ERA fight still alive 35 years later
Chicago Daily Law BulletinMay 1, 2017

SPRINGFIELD — Phyllis Schlafly, the conservative activist and tip of the spear in the battle against a women's rights constitutional amendment, remembered decades later how arduous the fight was in Illinois. “It just consumed the Illinois legislature ...more »

Commercial Bankruptcy
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Bar exam passage rate falls for UT law college
Toledo BladeMay 1, 2017

UT's February passage rate ties it with Capital University for the third-lowest spot among Ohio's nine law schools. University of Dayton posted a 45 percent passage rate among all-takers, while Case Western Reserve University had the lowest rate at 39 ...more »

Internal Investigative Services
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Police officer who fatally shot Jordan Edwards is fired
The GrioMay 3, 2017

In addition to the completed internal investigation, the sheriff's department and the district attorney's office are now conducting a criminal investigation into the matter. Oliver and the other police who arrived on the scene were responding to ...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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Greenberg Traurig's Team Counsels Medina Capital in Closing $2.8 Billion Deal that Creates Cyxtera Technologies
BenzingaMay 5, 2017

A multioffice team of attorneys with international law firm Greenberg Traurig P.A. represented longtime client Medina Capital, a Miami-based private equity firm that focuses on investing in companies in the cybersecurity, data analytics and IT ...more »

Communications & Media
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UAE to mandate serial number for commercial, recreational drones
gulfnews.comMay 2, 2017

ESMA said it has developed the new mechanism in collaboration with the General Civil Aviation Administration (GCAA), the Telecommunications Regulatory Authority, the Federal Customs Authority, the Ministry of Interior and Dubai Police General Command.more »

Locating Funds
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House members vote for 'martial law' waiver on one-day wait rule in hopes of speedy ACA repeal
Healthcare Finance NewsMay 2, 2017

Republicans also invoked martial law in March when they were about to vote on Ryan's American Health Care Act. The AHCA didn't go to a vote when the GOP leadership realized they didn't have the needed votes to pass the measure. An amendment to the ...more »

Construction & Development
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Zoning official coming to Westerly from Iowa
The Westerly SunMay 2, 2017

According to the news release, Reichert gained extensive construction and development experience while serving as general manager for Pepperstone Group, a real estate and construction firm based in Muscatine. In his role, Reichert was responsible for ...more »

Mergers, Acquisitions & Divestitures
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US Grains Trader Bunge Steps Back From Glencore Merger Talk
FortuneMay 24, 2017

Glencore's interest in Bunge fueled ongoing speculation that, after a string of poor results, the world's big grain trading houses are ripe for a wave of consolidation similar to the mergers and acquisitions in the farm chemicals and seed industries ...more »

Contracts Involving State & Minicipality
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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 »

Mortgages & Foreclosures
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Supreme Court clears the way for cities, including LA, to sue banks over foreclosure crisis
Los Angeles TimesMay 1, 2017

The Supreme Court expanded the reach of federal housing law Monday, ruling that cities — including Los Angeles — can sue major banks for discriminatory lending practices that hurt low-income neighborhoods during the Great Recession. The decision ...more »

Controlled Substances Law
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Exploration and desperationThe expanding universe of synthetic drugs
The EconomistMay 18, 2017

As well as heroin, they can now get hold of as many as 30 variants of fentanyl (of which only 19 are controlled substances under federal law). Fentanyl is powerful—50 to 100 times stronger than morphine. Some of its relatives are more potent yet. “If ...more »

Non-Profit Corporations
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Murky Definitions for Government Entities Undermine Transparency
Gotham GazetteMay 3, 2017

One of these contracts, on behalf of the Queens Economic Development Corporation -- which is treated by state law as a public authority -- expired in 2010, so according to filing instructions, Kristen Stavisky was not required to declare it on her ...more »

Corporate Finance & Taxation
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Trump's tax plan a new death tax for the middle class?
The Hill (blog)May 1, 2017

Under current tax law, unrealized capital gains are not taxed, because assets in an estate are valued at their market value at the date of death (or optionally one year after). In other words, the estate and the heirs receive a “stepped up basis” upon ...more »

Professional Corporations
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NAM Ranked a Top National ADR Provider in Corporate Counsel's “Best of” Survey
Yahoo FinanceMay 1, 2017

Recently, NAM was voted the #1 ADR firm in the United States by the 2017 Best of National Law Journal Survey for the second year in row. In that same survey, NAM's mediators were ranked #1, 2 and 3 in the nation. In addition to those successes, NAM was ...more »

Creditor's Rights
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ATopTech Slams Creditor's Prying Before Stalking Horse Sale
Law360 (subscription)May 4, 2017

Law360, New York (May 3, 2017, 8:20 PM EDT) -- Bankrupt software firm ATopTech Inc. fired back Wednesday in Delaware at an attempt by an industry competitor and its largest unsecured creditor to force disclosures from the debtor's stalking horse bidder ...more »

Public Offerings
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Prosecution of Orleans Public Defender's investigator 'destroyed my life,' she says: report
NOLA.comMay 1, 2017

Former public defenders investigator Taryn Blume, shown at right in this 2015 file photo, faced up to two years in prison if convicted of impersonating an Orleans Parish District Attorney's office staffer. Orleans Parish District Attorney Leon ...more »

Customs Disputes
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Norfolk business community sets out priorities for next government ahead of general election
Norfolk Eastern Daily PressMay 2, 2017

... for negotiating the terms of the UK's departure from the European Union, to provide business communities with answers to practical questions about how the process will affect their day-to-day operations, including hiring, customs procedures and ...more »

Reorganizations & Restructuring
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Disparaging Diplomacy
LobeLogMay 1, 2017

This is not the first time there have been efforts to slash international spending and restructure U.S. foreign policy institutions. Yet previous reorganizations have failed to save money or improve results. The merger of the Arms Control and ...more »

Debt Collection
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Expanded health insurance helped cut the number of filings by half
ConsumerReports.orgMay 2, 2017

“If you're uninsured or underinsured, you can run up a huge debt in a short period of time,” says Lois Lupica, a bankruptcy expert and Maine Law Foundation Professor of Law at the University of Maine School of Law. So did the rise of the ACA—which ...more »

State & Minicipal Bonds
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Wake Up Call: Senate Confirms Clayton to Lead SEC
Bloomberg Big Law BusinessMay 3, 2017

(National Law Journal). • As the U.S. steel industry battles with foreign companies to survive on its own turf, it is paying millions of dollars to a small group of law firms, for services running from high-end trade litigation to lobbying. (The ...more »

Debt Settlement
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Prosecutors on Devanadera motion to junk graft case: Why only now ...
Inquirer.netMay 2, 2017

State prosecutors have opposed the "belated" bid of former Government Corporate Counsel Agnes Devanadera to throw out her graft case in connection with ...more »

Trade Associations
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Google Wins Injunction in Trade Secrets Fight Against Uber (subscription)May 15, 2017

But Alsup also criticized Google's legal team for overreaching in the case and trying to declare broad engineering concepts and principles to be Google-owned trade secrets. During a May 3 hearing on Google's motion for a preliminary injunction, Alsup ...more »

Directors' & Officers' Liability
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What You Need to Know About Carrier Liability—The Real Story
Supply & Demand Chain ExecutiveMay 1, 2017

Applicable law and/or industry standard, which vary by mode and region, will usually determine a default maximum liability of the carrier, for example between $0.50 and $5 per pound on domestic ground shipments. However, greater liability limits may ...more »

Unfair Competition
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Are university assault investigations unfair to the accused?
Indianapolis StarMay 1, 2017

Yet another lawsuit by a male student claiming discrimination is prompting some to question whether universities are fair to all parties when investigating sexual assault claims. In the latest case, a former student is suing the University of Notre ...more »

False Advertising
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Whither Arbitration Of Public Injunctive Relief? - Law360
Law360 (subscription)May 3, 2017

Law360, New York (May 3, 2017, 11:18 AM EDT) -- Earlier this month, the California Supreme Court, in McGill v. Citibank NA, No. S224086, Slip Op. at 1 (Cal.more »

Venture Capital
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Soylent gets a $50 million investment led by Google's venture capital arm
Herald and NewsMay 7, 2017

The ensuing meeting a month and a half ago led to a major investment from GV, the venture capital division of Google parent company Alphabet Inc. Soylent unveiled the financing Thursday, saying GV and other funds collectively invested $50 million to ...more »

Federal Contracts
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St. Louis Based RSM Federal Announces Release of 'Federal ...
PR Web (press release)May 1, 2017

St. Louis, MO (PRWEB) May 01, 2017 -- RSM Federal, a federal consulting firm, announces the release of Federal Access (FA) 2.0. Federal Access is an.more »


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