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

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Banking/Court win for Lehman Europe clients
The IndependentMarch 1, 2012

It declared they had rights to reclaim the money, even though Lehman Europe had not kept it separate from the rest of the bankrupt firm's operations. Hedge funds feared they would have to take their place along with other unsecured creditors, ...more »

Flint Waters
Government TechnologyMarch 1, 2012

At the time, Waters was a police investigator and chief of Wyoming's Internet Crimes Against Children (ICAC) task force. He was there to discuss software he developed to track down online predators by identifying computers that were trading child ...more »

Contracts News and Stories

Commercial Contracts
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IT Outsourcing Buyers Still Don't Care About Sustainability
PC AdvisorMarch 3, 2012

"For most commercial clients, it is not top of mind," says Todd Hintze, managing partner at outsourcing consultancy Everest Group. "Clients will select the sustainable and environmentally friendly provider where it is shown to also meet the client's ...more »

Franchise Contracts
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Supreme Court rules Des Moines has to pay back franchise fees
Radio IowaMarch 2, 2012

The legislature passed a law in 2009 pushed by the City of Des Moines to allow cities to collect up to 5% franchise fees. Schroeder says that law will likely make the impact of the ruling outside of Des Moines much less. “I don't know that there will ...more »

Contract Disputes
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Government Contractor Survey Disses GAO, Says DCAA Audits Are of Lower Quality
Project on Government Oversight (blog)March 1, 2012

But the justification has been that the fewer audits produced covering fewer contracts are of higher quality. Grant Thornton's report disputes that and claims that taxpayers are being served less effectively. Is this a case of industry trying to ...more »

Government Contracts
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Lawmakers Fight For More Openness in NJ Records [Poll]
Patch.comMarch 7, 2012

... getting facts on New Jersey's failed Race to the Top application for the Senate State Government, Wagering, Tourism and Historic Preservation Committee during a hearing Monday on bills to clarify and strengthen the open meetings and records laws.more »

Lending Agreements
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3 High-Yield mREITs To Buy, 2 To Avoid
Seeking AlphaMarch 1, 2012

I recommend investors include mortgage real estate investment trusts (mREITs) and their 12% plus yields into their income portfolios. MFA Financial, Inc. (MFA), for example, yields a 13.4% dividend. Agency mREITs borrow funds via short term repurchase ...more »

Contract Drafting, Review & Negotiation
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Andrew McCutchen Signs 6-Year Deal with Pirates
FanIQ (blog)March 6, 2012

They had been spending in the draft and that helped. The first step was to draft the best player available with the #1 overall pick in last year's draft. They did that by drafting who they thought was the best pitcher in Gerrit Cole...CHECK!more »

Secured Transactions
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Fitch Rates Pinnacle's Term Loan 'BB/RR1'; New Sub Notes 'B-/RR5'; Affirms IDR ...
Business Wire (press release)March 5, 2012

The addition of $250 million in senior secured debt weakens the recovery prospects for the senior unsecured notes. Fitch still considers the senior unsecured notes to be fully covered in an event of default. The proposed transactions do not affect the ...more »

Employment Contracts
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Competing Interests – Employment Anti-Discrimination Law Collides With The ...
Metropolitan Corporate CounselMarch 1, 2012

Some employees of religious organizations, therefore, may be surprised to learn that their employer's religious rights sometimes trump their own rights to freedom from employment discrimination. The Hosanna-Tabor case began when a religious school ...more »

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