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

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Woman Awarded $1.26M In Collection Wage Garnishment Case
Collections & Credit RiskAugust 1, 2011

But the law firm filed a lawsuit in April 2007 and obtained a garnishment order. The order was dropped when Yazzie's employer insisted the law firm had the wrong person. Two years later, Farrell & Sandlin won another garnishment order for the same ...more »

Wage Garnishment Protection in New Jersey Revealed
News Junky JournalAugust 2, 2011

Execution against wages, also known as wage garnishment, is a form of debt collection. Both state and federal laws control wage garnishment in several ways, including regulating when wages can be garnished and ...more »

Business Law News and Stories

Advertising
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Vietnam urged to remove cap on ad spending
Thanh Nien DailyAugust 22, 2011

Vietnam's Corporate Income Tax Law only recognizes a maximum advertising cost of 10 percent of total expenditures, which means any exceeding promotional spending above that ceiling is not eligible for tax deduction. Thoi Bao Kinh Te Vietnam quoted ...more »

False Advertising
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Can Facebook Get You Fired?
Here And NowAugust 22, 2011

Kabrina Chang, professor of business law and employment law at Boston University, decided to research the legal implications of firings that occur when online behavior meets the work place. Use common sense–remember that your web pages can be archived, ...more »

Antitrust Law, Domestic
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Scrutiny rises on Express Scripts-Medco deal
BusinessWeekAugust 18, 2011

The St. Louis company added that the sale does not violate antitrust laws because competition in the pharmacy benefits management industry is intense, and while the enlarged Express Scripts Holding will be the biggest independent PBM, it will compete ...more »

Federal Contracts
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Rick Perry's K Street Project Sought Earmarks, Federal Funds
Huffington PostAugust 17, 2011

But during the same time period covered in the book, Perry himself entered Texas into controversial contracts with Washington lobbyists who helped bring billions of dollars in federal money to Perry's home state, some of it via earmarks. ...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 »

Banking Law
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Bunye: The General Banking Law Annotated
Sun.StarAugust 14, 2011

This was how Chief Justice Renato C. Corona described the Bangko Sentral ng Pilipinas' latest literary endeavor, "The General Banking Law Annotated," during the book's launching on August 5, 2011. This book, researched and written ...more »

Foreign Investments
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NYSE Euronext, Deutsche Boerse merger approved by CFIUS
Banking Business ReviewAugust 24, 2011

The Committee on Foreign Investment in the United States (CFIUS) has completed its review of the NYSE Euronext and Deutsche Boerse proposed merger and has given its approval for the transaction to move ahead. The committee concluded that the review ...more »

Business Formation
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Adviser SRO teams with fi360 to ready its fiduciary exam
InvestmentNewsAugust 23, 2011

The SROIIA was established in April by a group of students from the University of Mississippi law school and the Business Law Society. Fiduciary360 LP, which is known as Fi360, is the organization behind the Accredited Investment Fiduciary and the ...more »

Franchising
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Judge tosses Boston law firm's suit against Dodgers owner Frank McCourt
Boston HeraldAugust 18, 2011

The law firm representing Bingham could not immediately be reached for comment. McCourt is now fighting Major League Baseball to keep control of the Dodgers, which filed for bankruptcy in June after Commissioner Bud Selig refused to back a lucrative TV ...more »

Commercial
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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 »

Gaming Law
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States Consider Internet Gambling; 2006 Law Is Murky on Legality
ABA JournalAugust 15, 2011

Minority Whip Jon Kyl of Arizona have written a letter (PDF) asking the department to reiterate its position against online intrastate gambling. Lawyer Mark Hichar of Edwards, Angell, Palmer & Dodge says a 2006 Internet gaming law seems to carve out an ...more »

Commercial Bankruptcy
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The real effects of gambling
Chicago TribuneAugust 17, 2011

Stereotypes have not changed much in all that time, but the modern narrative here in Illinois is this: Gambling increases crime, bankruptcy and divorce; is run by politically impious businesses of moral uncertainty who prey on the "people who can least ...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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Case law on injunctions is still the preserve of the few
The GuardianAugust 8, 2011

As the Times' legal editor, Frances Gibb, described in this colourful profile, the media law fanatic and "observer" Benjamin Pell has helped plug the judicial information gap, especially in privacy and libel cases. Guardian Law has played its part too: ...more »

Internal Investigative Services
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Increase in IOPs? Increased stress and financial burden for registrants
Nursing TimesAugust 30, 2011

The NMC revised the advice to encourage employers to refer nurses at an early stage, before internal investigations have been carried out. This guidance will allow the NMC to consider issuing an interim order whilst both the internal and the NMC ...more »

Construction & Development
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Their view: Projects vital to economic development
Portales News-TribuneAugust 21, 2011

This year the Villages of Ruidoso and Ruidoso Downs opened a new wastewater plant (funded with $9 million in USDA Rural Development Stimulus funds). During the two years of construction, the project employed 150 people, purchased $936000 in local ...more »

International Transactions
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Assad says Syria to hold parliamentary elections in Feb.
XinhuaAugust 21, 2011

The fresh sanctions will freeze the Syrian government's assets under US jurisdiction, bar US individuals or companies from transactions with al-Assad's government and ban US import of Syrian petroleum. Following that, the European Union (EU) on Friday ...more »

Contracts Involving State & Minicipality
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Schuette gets cheesy
Detroit Metro TimesAugust 24, 2011

The basic question is whether a municipality can have a statute that runs counter to state law. If the court rules that it can't, there are implications across the state for municipalities that already have them. For instance, Detroit has a needle ...more »

Helicos BioSciences Expands Its License with Arizona Technology Enterprises ...
MarketWatch (press release)August 30, 2011

Helicos does not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the publication of this press release, except as required by law.more »

Corporate Finance & Taxation
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Gentiva at Risk of Covenant Breach Amid Medicare Cuts: Corporate Finance
BloombergAugust 10, 2011

Moody's put the company's Ba3 corporate family rating on review for a possible downgrade, citing “a confluence of negative factors affecting the home health sector,” according to an Aug. 4 statement. The current rating is three steps below investment ...more »

Mergers, Acquisitions & Divestitures
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Goldman Sachs - Look But Don't Touch
Seeking AlphaAugust 30, 2011

Its Investment Banking segment offers financial advisory, including advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense, risk management, restructurings, and spin-offs; and underwriting securities, ...more »

Creditor's Rights
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Bankruptcy court picks WCAS Fraser to bundle, slice and sell Lehman's $5.3B ...
Washington PostAugust 17, 2011

By AP, WASHINGTON — A New York bankruptcy judge has chosen a company to help sell off billions of dollars' worth of commercial loans held by the estate of failed investment bank Lehman Brothers. WCAS Sullivan International Investment Management said ...more »

Mortgages & Foreclosures
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Bill Aims to Close Revolving Door Between AG, Probed Companies
Sunshine State NewsAugust 11, 2011

The move is in response to one former lawyer in the attorney general's office having done that, but there are at least two other lawyers who worked for the office who also worked for some of the foreclosure-related law firms and services companies that ...more »

Customs Disputes
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India Inc can tap CAs for arbitration services
Hindu Business LineAugust 17, 2011

For corporates faced with commercial disputes, a cost effective mechanism that would also ensure their speedy disposal is on the anvil. The Institute of Chartered Accountants of India (ICAI) is piloting a new initiative by empanelling its members as ...more »

Professional Corporations
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Dendreon Appoints John E. Osborn EVP & General Counsel
MarketWatch (press release)August 31, 2011

Mr. Osborn has more than 25 years' experience in law, business, and public policy. He previously served as general counsel with two Fortune 1000 healthcare companies: US Oncology, Inc., where he worked on its recent merger with McKesson Corporation, ...more »

Debt Collection
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Williams Love files for bankruptcy, latest law firm to struggle in down economy
OregonLive.comAugust 18, 2011

By Jeff Manning, The Oregonian The Portland law firm Williams, Love, O'Leary & Powers filed Chapter 11 bankruptcy earlier this week, victim of a near-term cash flow crunch. The firm made its name representing individuals in high-stakes legal battles ...more »

Public Offerings
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District attorney speaks against budget cuts
Topeka Capital JournalAugust 21, 2011

By Tim Hrenchir A 10 percent reduction in the budget of the Shawnee County District Attorney's office would negatively impact public safety at a time when this community's criminals are getting younger and more violent, says District Attorney Chad ...more »

Debt Settlement
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Hotel Lawyer on the importance of brands -- intellectual property rights and ...
Hotel LawAugust 16, 2011

Hotel owners and operators will be very interested to see how this case is resolved, as intellectual property rights, which should be spelled out in the licensing agreement are critical to profitability. This is Jim Butler, author of www. ...more »

Trade Associations
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US court declines to examine Levi's EU trade mark infringement claims
Out-Law.comAugust 31, 2011

Levi also asserted a number of claims against Papikian under US federal and state law to a Californian district court. Under the provisions of the Directive trade mark proprietors are entitled to prevent third parties using similar or identical signs ...more »

Directors' & Officers' Liability
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Stryker, Tams & Dill: 1898-2011
Texas LawyerAugust 24, 2011

Founded in 1898 by Richard Lindabury, a formidable corporate lawyer who represented and, in fact, incorporated US Steel, the firm was originally known as Lindabury, Depue and Faulks. Early in the 20th century it recruited James Tams and Josiah Stryker, ...more »

Venture Capital
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Lawmakers question effectiveness of several tax credit programs
NewsOK.comAugust 25, 2011

The president of a state-affiliated venture capital board came under fire Wednesday from lawmakers concerned about the amount of investments going to out-of-state companies and the number of jobs created in Oklahoma. Members of the Task Force on State ...more »

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