ISU purchases veterinary hospital

Upon approval by the Iowa Board of Regents, Iowa State University will purchase Iowa Veterinary Specialties in Des Moines.  The university announced their plans to purchase the emergency and specialty care hospital yesterday.  The purchase will join the IVS as a part of ISU’s College of Veterinary Medicine.

Officials say that the college’s current medical center, Lloyd Veterinary Medical Center, and Iowa Veterinary Specialties will continue to operate separately and will remain in their current locations.

“The timing is right for creating this affiliation.  Our hospital has grown considerably throughout its 30-year history and is well positioned for future growth.  Iowa State can help IVS recognize its potential much sooner than would be otherwise,” said one of the founders of IVS.

Contact the Des Moines business sale and purchase attorneys of LaMarca Law Group, P.C. at (877) 327-2600 today if you are a business owner and have questions about purchasing another business or selling your business.

Des Moines’ Principle Financial Group sues for trademark infringement

Des Moines-based Principle Financial Group is suing Las Vegas-based Principle Financial Resources for trademark infringement.  Executives from Principle Financial Resources told reporters that they had never heard of the Des Moines insurance group.

Principle Financial Group was formed in 1985 from Bankers Life.  The company went public in 2001, operates in several countries and has around 14,400 employees.  Principle Financial Resources was named in 2009 after being under the accounting firm Deloitte & Touche from 1994-1998.  The company works to help its clients reduce expenses by analyzing their financial data and has about 125 employees.

In the lawsuit, Principle Financial Group says that they have invested close to $1 billion in advertising, marketing and trademarking to protect their title.

To discuss filing a business lawsuit with an experienced business litigation attorney, contact the Des Moines business litigation lawyers of LaMarca Law Group, P.C. at (877) 327-2600 today.

Steadfast Income REIT purchases Des Moines Park Place Apartments

Steadfast Income REIT, Inc., based out of Irvine, California, recently purchased 147 units in the Park Place Apartments in downtown Des Moines, Iowa.  Park Place was built in 1986 and is a 16-story high-rise building located at 615 Park Street in the middle of the city’s business district.

Steadfast Income REIT is a real estate investment company that purchases and manages properties in the U.S. and Mexico.  Park Place Apartments has 158 units, 11 of which are privately owned and were not included in the real estate transaction with Steadfast.  The transaction was financed with proceeds earned by Steadfast in their recent public offering.

CEO and President of Steadfast Income REIT Rodney F. Emery said of the purchase, “We feel that the favorable aquisition terms negotiated by the REIT coupled with the property’s many attributes position it to produce immediate income.  Additionally, Steadfast Management Company will manage the property and will seek opportunities to strategically add value as part of the overall asset stratgey”.

If you have questions about negotiating a real estate transaction, contact the Des Moines real estate litigation attorneys of LaMarca Law Group, P.C. at (877) 327-2600 today to learn more about real estate law.

Iowa egg farm to return to stores after salmonella outbreak

Several months after a salmonella outbreak at several Iowa egg farms, the farms have been given permission to return their products to retail stores.  The outbreak of salmonella resulted in a recall of millions of eggs from retail store across the country and was considered the worst case of salmonella in the history of the country.

After investigators traced the bacteria to the Iowa egg farms, officials found that most farms were not following all the standard regulations related to the handling and farming of eggs.  Chickens had become infected with salmonella from improperly stored feed.  The outbreak was taken very seriously by the U.S. Food and Drug Administration as salmonella can be fatal for infants and the elderly.

Upon further review, the FDA recently determined that the Iowa farms had taken the necessary steps to correct their mistakes and now properly follow industry regulations.

Agribusinesses are subject to several laws and regulations just like any other business.  Contact the Des Moines agribusiness lawyers of LaMarca Law Group, P.C. at (877) 327-2600 today to set up an appointment to talk with one of our experienced business law attorneys.

Exelon purchases John Deere wind

Exelon, one of the nation’s largest utilities providers, recently purchased John Deere Renewables.  Exelon has approximately 5.4 million customers and generates around $17 billion of revenue every year.

John Deere Renewables can provide 735 megawatts of clean wind energy to nearly 220,000 homes.  Under Exelon, John Deere Renewables will change its name to Exelon Wind and will involve 36 wind energy projects in 8 states.

Exelon CEO and chairman John W. Rowe called the purchase “an economically sound transaction that adds value for shareholders”.  In addition, Rowe noted that the purchase will help Exelon to reach its goal of reducing its carbon footprint by 2020.

If you are looking to purchase or sell a business and would like to speak with an experienced business law attorney, contact the business sale and purchase lawyers of LaMarca Law Group, P.C. at (877) 327-2600 today to set up an appointment.

Developer sues Missouri city for holding up project

An Iowa developer recently sued Kimberling City, Missouri claiming that officials from the city have held up projects to be completed in the city.  Signature Holding Co. of Bettendorf, Iowa filed suit against the city, its mayor and other specified officials in the U.S. District Court in Davenport and seeks $14.5 million worth of damages.

According to court documents, Signature Holding Co. was set to begin two real estate development projects in Kimberling in 2003, Cottage Row and the Fischer Creek Inn and Country Club.  In 2006, after a new mayor and city council were elected, Singnature Holding Co. alleges that they began to take steps which prevented them from continuing development plans.

Specifically, the suit claims that between 2006 and 2009 the mayor and city representatives failed to hold timely meetings, spread untrue information about the development company and two times withdrew formal contract with the company.

To discuss options concerning business litigation, contact the experienced Des Moines business transaction attorneys of LaMarca Law Group, P.C. at (877) 327-2600 today.

Casey's General Stores purchases Kalbredlo's

Earlier this month, Casey’s General Stores announced the purchase of 44 Kalbredlo’s locations.  The company signed an asset purchase agreement to acquire 22 Kalbredlo’s stores in Nebraska, 21 in Kansas and 1 in Oklahoma.

The Iowa-based convenience store will convert all Kabredlo’s locations into Casey’s General Stores.  President and CEO of Casey’s, Robert Myers, stated, “The acquisition of the Kabredlo’s locations is an excellent fit to our existing store base and will add to our presence in Nebraska and Kansas as well as allow us to penetrate a new state”.

Company executives report that they expect transactions between the two businesses to end in December.  To officially end transactions, both companies are waiting for receipts of inspection and other regulatory approvals.

If you own a businesses and are considering selling your business or purchasing another business, contact the Des Moines business sale and purchase lawyers of LaMarca Law Group, P.C. at (877) 327-2600 to set up an appointment to discuss your options.

Judge approves of Chicago construction company's contract

This week, an Iowa judge approved a construction contract presented by a Chicago construction company for the building of a new maximum-security prison to be build outside of Fort Madison.  The judge upheld a previous decision from the state to allow a $116.9 million contract with Walsh Construction.

Walsh Construction’s contract came under question from an Des Moines construction company, the Weitz Co., and a construction trade company, Master Builders of Iowa.  The two companies accused Walsh Construction of turning in incorrect bidding forms when establishing its contract.

Officials have not said whether or not the Iowa construction companies will once again appeal the decision.  Construction on the prison is currently scheduled to end in the summer of 2013.

Contact the Des Moines construction litigation attorneys of LaMarca Law Group, P.C. at (877) 327-2600 if you have questions about any legal matters concerning construction and construction contracts.

Perfection Learning purchases Seattle publisher

The Des Moines publisher, Perfection Learning, recently purchased another publishing company out of Seattle, Oregon.  Perfection Learning publishes language arts text books and materials for kindergarten through 12th grade classes.

The company announced on Monday that they had signed a deal to purchase Seattle-based Kinetic Books.  Kinetic Books publishes digital science and math textbooks.  Company executives have not released details or the price of the sale.

Both companies had been in negotiations over the sale for some time.  Purchasing a business requires significant planning and agreement over several details between companies.  Contact the Des Moines business sale and purchase lawyers of LaMarca Law Group, P.C. at (877) 327-2600 to learn more about the legal process of purchasing a business.

What is business litigation?

Business litigation occurs when a business dispute arises and it can not be resolved through negotiation. Business litigation occurs when a person or business entity has a legal issue with another business entity.

Infringement on a patent, intellectual property, and copyright are all examples of a situation where business litigation may be needed. Concerns with finances, such as unethical broker behavior,  and investments are also legal issues that arise that can be very complicated to work through.

If a dispute has occurred between you and another business entity, you need experienced representation on your side during this difficult time. Contact the Des Moines business litigation lawyers of LaMarca Law Group, P.C., by calling (877) 327-2600 today.

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