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

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Independent directors? liability not defined
Economic TimesAugust 1, 2011

"People won't join boards if the liability on the independent director is not well defined." Unfortunately, there is lack of clarity on the exact liability of independent directors . A few months ago, the Company Law Board asked the Registrar of ...more »

How To Negotiate The Restrictive Covenant In Your Employment Contract
Physicians News DigestAugust 1, 2011

Restrictive covenants are designed to protect the economic interest of your employer who is assumed to have spent time and money training you, introducing you to its patients and sharing confidential information to you. Pennsylvania and New Jersey Law. ...more »

Business Law News and Stories

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Fighting in the Streets
Fox and Hounds Daily (blog)August 19, 2011

Principal of David S. White & Associates, a real estate and general business law firm, West Los Angeles Cause summers here and the time is right for fighting in the street, boy . . . Hey! think the time is right for a palace ...more »

Directors' & Officers' Liability
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A Case Law Update
Business WestAugust 16, 2011

These types of mistakes can be extremely costly in that they also expose individual corporate officers to personal liability. In the case at hand, Cook v. Patient EDU, LLC, Josephson addressed the issue of personal liability under the MWA as it relates ...more »

Antitrust Law, Domestic
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Fall college classes begin next Monday
Imperial RepublicanAugust 17, 2011

For-credit classes, most to be held at the campus building at 1324 Broadway, include Calligraphy Basics; Acrylics, Collage and Altered Books; Business Law; Basic Anatomy and Physiology; Computer Basics; Macintosh iWork Suite; Web 2.0 Tools; ...more »

False Advertising
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Fox Rothschild Acquires LA Boutique With Ties to China
The American LawyerAugust 23, 2011

The firm said Monday it acquired IP and business law firm Chan Law Group, including name partner Thomas T. Chan. The IP lawyer will join Fox Rothschild as a partner along with counsel Lisa A. Karczewski and associate Steven S. Hanagami. ...more »

Federal Contracts
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Oak Hill Joins Deltona, DeBary and Others with Volusia County Sheriff's Office
SWVolusia NewsAugust 24, 2011

The city of approximately 1400, whose commission recently voted to disband its' police department, will now have law enforcement services provided by the Volusia County Sheriff's Office. The commission approved the service contract on a 4-1 vote with ...more »

Banking Law
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Priority sector lending
BusinessWorld OnlineAugust 17, 2011

While the aggregate number looks compliant with the law, many banks still under-complied with the requirements of the law. A study based on published bank statements shows that 60% of universal and commercial banks are non-compliant in the micro/small ...more »

Federal Grants
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Parkersburg Gets Grant Money For Law Enforcement
WOUBAugust 25, 2011

AP Seven West Virginia cities, including Parkersburg, will receive federal grants to support law enforcement agencies. US Senators Joe Manchin and Jay Rockefeller and Rep. Nick Rahall announced the funding from the Edward Byrne Memorial Justice ...more »

Business Formation
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Chafee announces land panel nominees
Providence JournalAugust 24, 2011

... 54, a principal at Moses and Afonso Ltd., where he concentrates on corporate and business law, who previously worked as The Providence Journal Company's assistant general counsel and senior corporate attorney; and •Michael S. Van Leesten, 71, ...more »

Foreign Investments
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FG Approves On-the-spot Visas for Foreign Investors
THISDAY LiveAugust 24, 2011

Genuine foreign investors coming to Nigeria can now receive their visas on arrival, the Federal Government announced yesterday. Minister of Trade and Investment, Dr. Olusegun Aganga, disclosed the development in Lagos when he held a ...more »

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Commercial Litigation Funding Expand Team Following Successful Business...
openPR (press release)August 29, 2011

(openPR) - London-based Commercial Litigation Funding Limited (CLFL) has expanded its niche commercial litigation funding expertise with the promotion of Ben Hawkins as well as the appointment of Sade Rotibi, Eva Kizlo and Christopher Wingader. ...more »

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Should California pay for people to call out violent fans?
Alaska DispatchAugust 25, 2011

While skeptics would note that beefed-up security and reduced alcohol sales, not a new law, might be the more effective solution, some sports sociologists see merit in the idea. It would be another tool in the tool bag for sports franchises and stadium ...more »

Commercial Bankruptcy
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Hellboy hero Guillermo del Toro on being a director and the rules of Hollywood
New York Daily NewsAugust 21, 2011

But after the project languished because of studio MGM's bankruptcy, he bolted Middle Earth. Next, he seemed on the verge of scaling an adaptation of HP Lovecraft's "At the Mountains of Madness." He spent a year on that project before Universal pulled ...more »

Leagle.comAugust 25, 2011

Lesley Rynell of the Juvenile Law Center, Sioux City, attorney and guardian ad litem for minor child. Considered by Eisenhauer, PJ, and Doyle and Mullins, JJ. A mother appeals the juvenile court order terminating her parental rights to her daughter, ...more »

Commercial Leasing
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3 finalists chosen for vacant Nevada court seat
Houston ChronicleAugust 31, 2011

LAS VEGAS (AP) — Two attorneys from state agencies and a Las Vegas-based commercial lawyer are finalists for the vacant Clark County District Court seat formerly held by Jackie Glass. Nevada Supreme Court Chief Justice Michael Douglas announced ...more »

Locating Funds
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Anti-Gay Religious Group in Iowa Uses Federal Funds to be Total Assholes
AutostraddleAugust 29, 2011

But the Associated Press, having accessed the grant documents through the Freedom of Information Act, says it was also used for employee salaries, rent and utility on general IFPC operations — basically, it was going to fund the IFPC's day-to-day work ...more »

Communications & Media
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New Telecommunication Law for Bolivia
Rapid tv newsAugust 12, 2011

Bolivia has established a new law for telecommunications, called Ley General de Telecomunicaciones, Tecnologías de la Información y Comunicación. Among other clauses, it has set a limit on the percentage of frequencies uses by private broadcasters. ...more »

Non-Profit Corporations
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OUR VIEW: The fix may be in for nonprofit option for Memorial
Colorado Springs GazetteAugust 22, 2011

The fix may be in for a rush-to-ballot effort to hand over control of Memorial Health System to a nonprofit board before any serious examination of other options. Colorado Springs City Councilman Tim Leigh, along with two sources who spoke on ...more »

Construction & Development
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Iraq dreams big with infrastructure projects
Chicago TribuneAugust 21, 2011

Vehicles move past a bridge under construction in central Baghdad on Aug. 21. (Mohammed Ameen/Reuters) BAGHDAD (Reuters) - In Iraq where renovating a single street can take years, government plans for a multi-billion dollar high-speed train to rival ...more »

Professional Corporations
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How to profit from doing good
Denver PostAugust 21, 2011

Traditionally, business enterprises have had several options from which to choose to organize their corporate structure under state law. The purpose of each corporate form is to maximize profits for shareholders. Now, new forms of corporate enterprises ...more »

Contracts Involving State & Minicipality
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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 »

Public Offerings
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War of Letters in DSK Case
Daily BeastAugust 22, 2011

8 letter to the Manhattan district attorney's office that was obtained by the Beast. “Through the use of intimidation tactics, unscrupulous and false leaks to the media and public attacks on the victim and her attorneys, your office has managed to turn ...more »

Corporate Finance & Taxation
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Chancellor George Osborne launches £5bn tax raid on Swiss bank accounts 25, 2011

The Swiss finance ministry said the countries have decided to facilitate mutual market access for financial institutions. "Likewise, the problem of purchasing data relevant for tax collection purposes has been resolved," the ministry said, adding: "The ...more »

Reorganizations & Restructuring
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Bank of America Plans To Restructure By Job Cuts
Dice NewsAugust 19, 2011

Bank of America is all set to reduce 3500 jobs in the forthcoming months, as financial giant looked stressed and sought to reduce the costs and reorganize in the middle of the shareholders. Since January Bank of America has seen a fall of 50% in its ...more »

Creditor's Rights
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New Debt Collection Practices: The Good, the Bad, and the Opinions
ForbesAugust 25, 2011

The law doesn't address new technologies, new means of communication, or, in the case of Cohen's bill, define what period of time defines a statute of limitation. That's left up to individual states. Recently, asked several voices in the ...more »

State & Minicipal Bonds
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Names and Faces for Aug. 21
Rapid City JournalAugust 21, 2011

Rhead has been practicing law for seven years, and is focused on criminal defense and juvenile cases. ... Jeffery D. Collins, member of the Business Law and Litigation Practice Groups at Lynn, Jackson, Shultz & Lebrun, PC, has been promoted to ...more »

Customs Disputes
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San Francisco Gay Binational Couple to Appeal DOMA Visa Denial
SF Weekly (blog)August 9, 2011

It is also possible that Immigration and Customs Enforcement attorneys will exercise discretion and not start deportation proceedings against Makk. Meanwhile, Congresswoman Nancy Pelosi (D-San Francisco) has urged the Obama administration to reconsider ...more »

Trade Associations
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Larry Liang Named President of Liberty Star Uranium & Metals Corp.
MarketWatch (press release)August 16, 2011

Born in China, Mr. Liang attended the Southwest University of Political Science and Law, Chong Qing, China and received an LLB in International Economic Law, Summa Cum Laude, followed by an LLM (Master of Laws) in International Trade Law from the ...more »

Debt Collection
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Lehman, Nortel, WaMu, General Growth: Bankruptcy
San Francisco ChronicleAugust 25, 2011

Lehman Brothers Special Financing Inc. leads the Lehman companies with $8.51 billion in unrestricted cash, followed by Lehman Commercial Paper Inc. with $3.22 billion and the holding company with $2.1 billion. Fees for Alvarez & Marsal LLC, ...more »

Unfair Competition
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Bulk email firm loses antitrust case against Microsoft
InquirerAugust 26, 2011

"The fact that Holomaxx may have lost money as a result of vigorous competition, without more, is insufficient to show an antitrust violation or unfair competition," he said. Holomaxx sued Microsoft in November of last year, after having failed to ...more »

Debt Settlement
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Debt Collector Can't Repo Car
Fox BusinessAugust 18, 2011

If a collection agency wants to make arrangements to pay off a debt and I have no income whatsoever, why do they keep sending me letters? I have a car and the title is in my name and my daughter's name. Can the debt collectors take it? ...more »

Venture Capital
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MOSAIC CAPITAL CORPORATION - Interim Financial Statements
MarketWatch (press release)August 30, 2011

It also considers limited capital investments in start up companies, distressed asset situations, business reorganizations, investment fund management, private equity, venture capital, and other investment related opportunities.more »


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