Hearing Scheduled for ChemChina buyout of Syngenta

The U.S. Committee on Foreign Investment has approved ChemChina’s $43 billion buyout of Syngenta.

There will be a hearing in late September between Iowa Senator Chuck Grassley and the Chairman of the Senate Judiciary Committee due to concerns that the mergers are threatening the agricultural input competition.

Grassley cites two reasons for proposing the hearing: “Partly to make sure that justice and federal trade commission does a proper job. Partly if there’s specific concerns about anti-competitive things like we did in the beer merger last December. Try to get some commitments out of the companies. What they’re going to do.“A similar deal is in the works between Dow and DuPont, which means if they are both approved these four companies would control a significant share of the market for seed and chemical products.

If you are planning to expand your company, ask the assistance of the business law attorneys at Arenson Law Group, PC, to guide you through the necessary regulations and legal steps. Call (319) 363-8199 today to speak with a mergers and acquisitions attorney about your business’s future.

 


Teenagers who escaped Iowa juvenile detention center caught in Indiana

Two boys who managed to escape an Iowa juvenile detention center on Monday, July 25, 2016 were apprehended the next morning after police located them in Steuben County, Indiana. The boys, 14 and 17, were found after residents  reported suspicious activity on Snow Lake. Reports say the boys hid behind a house before police were called, warranting residents to contact the Steuben County Sheriff’s Office about the suspicious behavior. The two then stole a van and attempted to drive it toward S.R. 120. As police attempted to tail the teenagers, the van veered into a hotel parking lot and collided into a parked car. The escapees then set out on foot, seeking coverage in a wooded area. At this point, additional police and K9 units were called to apprehend the boys.

K9 units tracked the boys near a toll road, where they were arrested on the spot. They were then given to the Probation Department of the Steuben County Sheriff’s Office, where local charges have yet to be determined. How the two escaped the Iowa detention center in the first place remains a mystery.

Our family law attorneys at Arenson Law Group, PC, deal with a wide range of issues pertaining to juvenile law. We understand the emotional complexities and legal nuances of cases involving minors and are prepared to help you navigate these landscapes. Contact a member of our legal team at (319) 363-8199 to learn more.


Some Iowa Volkswagen drivers may be eligible for compensation

Carmakers Volkswagen and Audi have come to a settlement that requires them to refund and buy back or fix cars of more than 3,600 car owners in Iowa. The vehicles that sparked the lawsuit were equipped with software that falsified emission test results. While Volkswagen marketed the vehicles as environmentally friendly, they emitted harmful nitrogen oxide at rates up to 40 times the legal limit, Iowa Attorney General Tom Miller said.

The companies, as part of the $15 billion settlement, must send affected vehicle owners a restitution payment that Miller thinks will range between $5,000 and $10,000, depending on the vehicle’s value as of September 2015, before news of the illegal software was reported. Volkswagen also must pay $2.7 billion for programs throughout the country to reduce nitrogen oxide emissions, commit another $2 billion to producing zero-emission vehicles and pay $570 million to states for violations of consumer protection laws.

Because the settlement still requires a federal judge’s approval, the recall program may not begin for several months, Miller’s office said.

If you have been affected by negligent business practices or have been accused of such, you may be ordered to resolve outside of court. The lawyers of Arenson Law Group, PC can aid in the negotiation of settlements outside of court if you call at (319) 363-8199 as soon as possible.


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