Business Law News. Crime Stories, Law on News and Legal Publications in August, 2011

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The Briscoe Law Firm and Powers Taylor LLP Announce Investigation of Zoo ...
MarketWatch (press release)August 1, 2011

DALLAS, Aug 01, 2011 (BUSINESS WIRE) -- Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor, LLP announce that a federal class ...more »

ACI Worldwide Boosts Fraud Prevention Services With ACI Financial Crime...
MarketWatch (press release)August 2, 2011

The new packaged offerings give financial institutions various programs of strategic, expert-services support from ACI's technical, analytical and business consultants as part of their initiatives against fraud and financial crime. ...more »

Business Law News and Stories

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Craig party in possible law breach 20, 2011

The commission said it would investigate any electoral law breach where a complaint was made. It said registered parties had to display authorisation on election advertising, and unregistered parties also had to if material could be construed as ...more »

Federal Contracts
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Agility Pleads Not Guilty to Fraud Tied to Contract to Supply U.S. Troops
BloombergAugust 16, 2011

Agility (AGLTY), the Kuwaiti storage and logistics provider, pleaded not guilty to charges it defrauded the US government on a multibillion-dollar contract to feed troops ...more »

Antitrust Law, Domestic
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New Canadian compensation rules make work for issuers in coming proxy season
Reuters Blogs (blog)August 17, 2011

16 (Business Law Currents) With the recent announcement by the Canadian Securities Administrators (CSA) that changes in executive disclosure requirements will apply for financial years ending on or after October 31, Canadian issuers may want to do some ...more »

Federal Grants
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Grant program to boost Middlesex County farmland preservation
MyCentralJersey.comAugust 17, 2011

The grant program was one of several measures signed into law on Wednesday by Gov. Chris Christie, designed to keep New Jersey green by providing $90.6 million in grants to counties, towns and nonprofit organizations to preserve farmland across the ...more »

Foreign Investments
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Background Notes : Armenia
Middle East North Africa Financial NetworkAugust 22, 2011

The 1994 Law on Foreign Investment governs all direct investments in Armenia, including those from the US In June 2011, the Department of State and the Ministry of Energy and Natural Resources of Armenia signed a Memorandum of Understanding on ...more »

Banking Law
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Teen denies £52k banking fraud
BBC NewsAugust 25, 2011

A 16-year-old girl has appeared in court charged with stealing over £52000 through fraudulent internet banking transfers. The girl, who cannot be identified because of her age, denies seven charges in total. Three are of committing fraud by abuse of ...more »

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Voter ID requirement will be new to most at polls Sept. 13
Tulsa WorldAugust 21, 2011

The new law, approved in a statewide referendum last November, was actually in place for an Aug. 9 franchise vote. Only 3410 voters turned out for that election, so the city primary will be the city's first widespread experience with voter ID. ...more »

Business Formation
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PositiveID Corporation Successfully Completes Phase II of Its GlucoChip ...
MarketWatch (press release)August 17, 2011

Receptors LLC is a private company based in suburban Minneapolis, Minnesota. For further information please visit . PositiveID Corporation develops unique medical devices and biological detection systems, focused primarily ...more »

Gaming Law
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Hart board wants to prevent Internet gaming
Anderson Independent MailAugust 29, 2011

Nathan Deal ordered a crackdown on Internet sweepstakes cafes, which have managed to operate under the gaming laws in Georgia. The law allows for gaming machines if the prizes are handed out are in goods, not cash. However, according to a statement ...more »

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Get busy during Ramadan
gulfnews.comAugust 13, 2011

"For employers in particular, religious observances such as Ramadan raise two competing interests: business continuity and performance on the one hand and cultural sensitivities on the other," Mandeep Kalsi, of the UAE business law firm Hadef and ...more »

Government Construction Contracts
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Corps of Engineers envisions 30 to 45 days for pump contract review
NOLA.comAugust 18, 2011

The Times-Picayune archiveThe temporary pumping station on the 17th Street Canal is supposed to be replaced by a permanent station, but the Corps of Engineers expects delays in awarding a new construction contract. The review will determine whether the ...more »

Commercial Bankruptcy
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Murphy Desmond: Mendoza joins Murphy Desmond SC
Wisbusiness.comAugust 17, 2011

Madison, WI - Attorney Mario Mendoza has joined the law firm of Murphy Desmond SC, practicing in the areas of Business Law, Municipal Law and Administrative / Regulatory Law & Government Relations. Mendoza has extensive experience in contracts and ...more »

Institutional Investing
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New amendment waives taxes, fees and rent on land for residential developments
gulfnews.comAugust 18, 2011

Mohammad Al Rubaye, head of the Strategic Planning Committee at the Baghdad Governorate Council, said the Iraqi investment law offers several incentives with respect to fund transfers as well as 15 tax-free years on raw materials and building materials ...more »

Communications & Media
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Tight Credit Stymies MediaNews Deal With Freedom
Wall Street JournalAugust 21, 2011

... RUSSELL ADAMS Unstable markets have stalled a deal for MediaNews Group Inc. to buy Freedom Communications Inc.'s newspapers, people familiar with the matter said, setting back the companies' efforts to navigate a more challenging media landscape. ...more »

International Transactions
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Akin Gump Further Expands Project Finance and Renewable Energy Capabilities
PR Newswire (press release)August 23, 2011

As a partner in the international corporate transactions practice, Tom will lead the growth of the firm's international power platform. Rick Burdick, managing partner for the firm's international offices, stated, "I am thrilled that Tom and Jeremy have ...more »

Construction & Development
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Six-figure jobs created for connected USC law school fundraisers
The GamecockAugust 18, 2011

USC has created three new fundraising jobs — at a cost of about $420000 over the next year — to drum up $25 million for the construction of a new law school. Leading the effort is Henry McMaster, formerly the state's ...more »

Locating Funds
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Job losses loom if federal road funds get cut
Springfield News SunAugust 28, 2011

WASHINGTON — When it became law in 2009, the massive $787 billion economic stimulus promised to help pull the economy out of its slump by injecting a flood of federal dollars ...more »

Contracts Involving State & Minicipality
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Calif. seeks help for hotel maids
UPI.comAugust 16, 2011

State Senate Bill 432 would require innkeepers to provide hotel maids with long-handled cleaning tools so they will not have to stoop or squat to clean bathroom surfaces including floors and tubs, Business Law Daily reported Monday. ...more »

Mergers, Acquisitions & Divestitures
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Clorox Issues Statement
MarketWatch (press release)August 30, 2011

... the ability of the company to implement and generate expected savings from its programs to reduce costs; the success of the company's strategies; risks relating to acquisitions, mergers, divestitures and joint ventures; the ability of the company ...more »

Corporate Finance & Taxation
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Man convicted for tax evasion
Hattiesburg AmericanAugust 26, 2011

A federal jury convicted a Laurel man of six charges related to tax evasion Thursday in US District Court. Charles W. "Chip" Irby Jr., 46, will be sentenced by Hattiesburg's District Court Judge Keith Starrett at 9 am Nov. 10. ...more »

Non-Profit Corporations
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Rapid Fire Marketing: Medical Cannabis Management Signs Contract to Provide ...
PR Newswire (press release)August 25, 2011

25, 2011 /PRNewswire/ -- Rapid Fire Marketing (OTC Pink: RFMK) announced today that Medical Cannabis Management (MCM) has signed a contract to provide consulting services to a non-profit organization seeking to grow, cultivate and provide medical ...more »

Creditor's Rights
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Innkeepers, Capmark, Vallejo, Inner City Media: Bankruptcy
BusinessWeekAugust 23, 2011

The largest municipal bankruptcy in California since Orange County's in 1994 has forced law enforcement to focus on violent crime at the cost of so-called quality-of-life issues, residents and officials said. “When you have half the number of people, ...more »

Professional Corporations
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Some Law Firms' Profits Called Inflated
Wall Street JournalAugust 21, 2011

The ranking of "profits per partner," published annually by the American Lawyer magazine in May, is the most commonly used gauge of health in the $100 billion global corporate-law-firm industry. The figures are found by dividing net operating income by ...more »

Customs Disputes
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Customs Officials Scrutinizing Apparel From Central America
Apparel NewsAugust 12, 2011

“We noticed the change a few months ago,” said John Salvo, president of Carmichael International Service, a Los Angeles customs broker and freight forwarder with a number of apparel clients. Los Angeles customs attorney Richard Wortman of Grunfeld, ...more »

Public Offerings
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Guest columnist Reduce public costs of serious murder cases by not seeking ...
The Seattle TimesAugust 21, 2011

As the story notes, however, only the money spent by the prosecuting attorney's office is listed and not the substantial resources expended by other public agencies. For example, the case of Conner Schierman, ultimately convicted of murdering four ...more »

Debt Collection
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Encore: Court Approves Settlement Over Debt-Collection Affidavits
Wall Street JournalAugust 13, 2011

Encore Capital Group Inc. (ECPG) said a federal court approved a contentious settlement to a class-action suit that alleged the debt collector used defective affidavits to win repayment cases. Attorneys general in dozens of states were fighting the ...more »

State & Minicipal Bonds
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Some good, some bad in Alabama Legislature's new immigration policy
St. Clair TimesAugust 18, 2011

Comedy Central's Stephen Colbert had a field day recently lampooning a new Alabama business that is offering to make bullets out of the ashes of your cremated loved ones. You can't make this stuff up. But the immigration law itself does raise questions ...more »

Debt Settlement
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Jefferson County Deal to Avert Bankruptcy Hinges on Hostile Legislature
BloombergAugust 18, 2011

Testimony in the case showed that lawmakers -- including Beason -- wore recording devices at prosecutors' request to catch their colleagues breaking the law. Paul Glass, co-owner of Republican political consulting firm Southern Insights in Birmingham, ...more »

Trade Associations
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Malawi told to resolve crisis or risk losing FDI
Nation OnlineAugust 26, 2011

The Trade Law Centre for Southern Africa (TRAASA) says Malawi risks losing foreign investment opportunities if it fails to resolve the political and economic crises rocking the country. The crises have crippled business operations and democratic ...more »

Directors' & Officers' Liability
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JPMorgan to Pay $88 Million for Violating US Sanctions
CNBC.comAugust 25, 2011

JPMorgan Chase has agreed to pay $88.3 million to settle potential civil liability for apparent violations of a wide range of US sanctions, the US Treasury department announced Thursday. This will be the largest settlement ever paid for sanctions ...more »

Unfair Competition
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Ticketmaster Back on the Hook for Rewards Scheme
Courthouse News ServiceAugust 23, 2011

Previously, a trial judge had refused to certify two class actions that accused Ticketmaster of violating California's Unfair Competition Law and Consumers Legal Remedies Act. Ticketmaster's "entertainment rewards program" has prompted three separate ...more »

False Advertising
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Calif. seeks help for hotel maids
UPI.comAugust 16, 2011

State Senate Bill 432 would require innkeepers to provide hotel maids with long-handled cleaning tools so they will not have to stoop or squat to clean bathroom surfaces including floors and tubs, Business Law Daily reported Monday. ...more »


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