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

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House approves Lemon Law
Sun.StarAugust 23, 2011

MANILA -- The House of Representatives approved on third and final reading Tuesday the "Lemon Law of 2011" that will protect buyers of brand new vehicles later discovered to be of substandard quality. House Bill 4841, or "An Act ...more »

Kent extends landfill comment deadline
The Star DemocratAugust 19, 2011

The reasons for closing the meeting were "attorney-client privilege; and protection of the county's and citizen interest in negotiation process." Attending the closed session were: VanPelt; Planning Director Gail Owings; County Attorney Tom Yeager; ...more »

Business Law News and Stories

Advertising
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Brands taking the law into their own hands
Marketing WeekAugust 17, 2011

Law firms taking advantage of this provision can now become more marketing-focused organisations, run like any other business. Law firms can go into business areas outside of law, meaning that they can diversify to compete with companies in other ...more »

False Advertising
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California proposal: No more foreclosures
UPI.comAugust 17, 2011

The proposal requires more than 800000 signatures and a 131-day grace period to be put on the next statewide ballot, which makes it possible voters would have a crack at the initiative in 2012, Business Law Daily reported Wednesday. ...more »

Antitrust Law, Domestic
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California proposal: No more foreclosures
UPI.comAugust 17, 2011

The proposal requires more than 800000 signatures and a 131-day grace period to be put on the next statewide ballot, which makes it possible voters would have a crack at the initiative in 2012, Business Law Daily reported Wednesday. ...more »

Federal Contracts
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Economy slipping closer to double dip
Futures MagazineAugust 22, 2011

We would take another look at the long dollar contracts and/or shorting the Euro. We do not feel any attempts to control the debt crisis in certain of the Euro countries will succeed. I do not believe extending credit or terms of loans will help any ...more »

Federal Grants
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Federal Funding will Help Wisconsin Expand Rural Broadband
89.7 WUWM - Milwaukee Public RadioAugust 22, 2011

Wisconsin is among 16 states receiving federal funding to expand broadband Internet access in rural areas. The US Department of Agriculture announced Monday that it will allot a total of $103 million in grants and loans to ...more »

Banking Law
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Tax deadline looms for people with money overseas
MarketWatchAugust 28, 2011

“A couple of years ago, there was nothing more secure than a Swiss bank account. Not anymore,” said Jeffrey Kolodny, a partner in the private client services group of law firm Cozen O'Connor in New York. If the IRS finds your account before you report ...more »

Foreign Investments
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Malaysia Looks West for Investments
New York TimesAugust 17, 2011

The Malaysian prime minister, Najib Razak, center, met in July with Britain's foreign secretary, William Hague, right, and other British officials, seeking more foreign investment in his country. By MATTHEW SALTMARSH LONDON — With Europe's economy ...more »

Business Formation
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Gold Resource to hold around $1.0m of treasury in physical gold, silver
Proactive Investors USA & CanadaAugust 17, 2011

“Holding physical gold and silver in our treasury provides an excellent means of diversification in light of today's world economic conditions and not only provides that diversification to shareholders but underscores Gold Resource Corporation's...more »

Franchising
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Mass. Lawyer Gets Screen Credit for Bringing Barbarian to Hollywood, Attends ...
ABA JournalAugust 17, 2011

But Frederick Fierst, 63, of Fierst Pucci & Kane in Northampton, Mass., also got credit as an executive producer for helping to bring a new Conan the Barbarian to the silver screen by helping the new owners acquire the franchise, reports the Daily ...more »

Commercial
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Milken's Gift Stirs Dispute at UCLA Law School
New York TimesAugust 23, 2011

“Save for one dissident professor, the entire business law faculty is grateful for this gift,” Kenneth N. Klee, a bankruptcy law scholar, said. The current debate surrounding Lowell Milken's gift highlights the quandary that public universities across ...more »

Institutional Investing
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Torys gets competitive
Globe and MailAugust 24, 2011

Mr. Assaf, 41, had been the driving force behind his old firm's bold move to open an office in Abu Dhabi, but his core specialty is competition and foreign investment law -- a skill set in high demand. With Investment Canada's veto of BHP Billiton ...more »

Commercial Bankruptcy
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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 »

Lauren Giddings Murder Suspect's Online Life Revealed
Gather.comAugust 26, 2011

Stephen McDaniel, the classmate accused of murdering the 27-year old Mercer University law student, is under speculation for his choice of online interests. The neighbor and classmate of Lauren Giddings took interest in horror movies. Big deal, right? ...more »

Commercial Leasing
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Commercial Lease
AvvoAugust 25, 2011

The lease doesn't have any clause that states non compete clause but Landlord Verbally promised that they will never do that to their clients. Landlord convinced us the new store wouldn't affect our business. It has been 2 years and our sales and ...more »

Internal Investigative Services
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The police state's lawyers: Meyers Nave
San Francisco Bay ViewAugust 19, 2011

BART board member Carole Ward Allen explained the decision saying, “It was essential for the public to have complete confidence in the findings of this internal investigation; and the best way to guarantee that confidence was to bring someone in from ...more »

Communications & Media
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Sen. Cunningham Refutes Social Media Law Misconceptions
KMOX.comAugust 25, 2011

(KMOX) – A Missouri judge is deciding whether to be friend or foe, of a new law limiting teacher-student contact online. Cole County Circuit Court Judge Jon Beetem heard arguments Wednesday from The Missouri State Teachers Association who has filed a ...more »

Immigration law changes vehicle registration process
Clanton AdvertiserAugust 26, 2011

Motor vehicle registration procedures will change when the new immigration law signed by Gov. Robert Bentley goes into effect Sept. 1. According to an Aug. 26 press release, Act 2011-535 of the ...more »

Construction & Development
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31 apply for judicial openings
Jacksonville Daily RecordAugust 16, 2011

The Judicial Nominating Commission consists of Chairman Wayne Alford of the Alford Law Group, Vice Chairman Richard Alexander of the Alexander Law Practice, Robert O'Quinn of Cole Scott & Kissane, Chip Bachara of the Bachara Construction Law Group, ...more »

Mergers, Acquisitions & Divestitures
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Evercore Partners Completes Acquisition of Lexicon Partners
MarketWatch (press release)August 19, 2011

Evercore's Investment Banking business advises its clients on mergers, acquisitions, divestitures, restructurings, financings, public offerings, private placements and other strategic transactions and also provides institutional investors with high ...more »

Contracts Involving State & Minicipality
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Hartford helping ailing Central Falls, R.I.
The Westerly SunAugust 23, 2011

Westerly town manager says fallout from Central Falls could hurt Rhode Island and every municipality in the state. Posted: Tuesday, August 23, 2011 10:00 am | Updated: 2:52 pm, Tue Aug 23, 2011. WESTERLY - Town Manager Steven Hartford is helping with ...more »

Non-Profit Corporations
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Help available to ease financial burden of high college costs
Wilkes Barre Times-LeaderAugust 28, 2011

Private loans have higher interest rates and offer fewer consumer protections for borrowers who get into financial trouble, said Isaac Bowers, an attorney with Equal Justice Works, a non-profit organization that advocates for student loan reform. ...more »

Corporate Finance & Taxation
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Tax Hike Looms as Yoshihiko Noda Elected as Next Japanese Premier
International Business TimesAugust 29, 2011

“I'm firmly resolved to carry this heavy burden and ask for your support,” Noda, the 54-year-old finance minister, told DPJ lawmakers. “Let's brace ourselves and work to achieve stable, reliable government,” he added in the meeting held in Tokyo. ...more »

Professional Corporations
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Meet the School Board Candidates
Patch.comAugust 30, 2011

Chris Heinze: I am an attorney at Libby Law Office, PA, in St. Paul. I practice business and corporate law, corporate governance, and general corporate transactional law. I teach business law at Hamline University as an adjunct professor and I'ma ...more »

Creditor's Rights
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Norton Rose Group | Ontario Commercial Court rules proceeds of BIA preference ...
Linex Legal (press release) (registration)August 25, 2011

Air Canada subsequently brought a motion seeking, among other things, orders declaring that any proceeds of the Preference Actions were not subject to the rights of the secured creditors. Air Canada asserted that it would be entitled to participate in ...more »

Public Offerings
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Gov't Employees Plead Guilty in Airport Drug Trafficking Probe
WNEDAugust 26, 2011

BUFFALO (wned) - Two government employees are going to pay a stiff price for betraying the public trust. US Attorney William Hochul said 53-year-old Regina McCullen, a former Customer Assistant in the Buffalo's City Clerk's office, today pled guilty to ...more »

Customs Disputes
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Border patrol seizes $104000 from airport travelers
Detroit Free PressAugust 17, 2011

US Customs and Border Protection officers at Metro Airport seized more than $104000 over the weekend from six travelers who tried to avoid declaring the amount of money they were bringing into the country, the agency said today. ...more »

Reorganizations & Restructuring
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Russell out of office, commissioners question raises
The Augusta ChronicleAugust 28, 2011

Mason wants to talk about “salary increases, departmental reorganizations and reclassifications,” and get a report from Russell on the “methodology used to determine the percentage increases” awarded the 44. Commissioner Corey Johnson, who surprised ...more »

Debt Collection
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Phil Hamilton's bankruptcy case likely to be dismissed
Daily PressAugust 22, 2011

The attorney handling his bankruptcy case, Richard G. Poinsett, could not be reached for comment. Workers at his Hampton law firm hung up the phone on the Daily Press four times on Friday and Monday. The Hamiltons filed for Chapter 13 bankruptcy in ...more »

State & Minicipal Bonds
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GCC's 2011 Faculty And Staff Appreciation Awards
Hartford CourantAugust 19, 2011

He negotiated GCC's articulation agreement with the University of Connecticut's School of Business, coordinates end-of-semester study workshops for business students, is the college's pre-law advisor, and serves on its academic standards committee, ...more »

Debt Settlement
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Prostitutes Flood Vallejo After Bankrupt City Slashes Police 33%
BloombergAugust 22, 2011

The largest municipal bankruptcy in California since Orange County 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 »

Trade Associations
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No Progress on Access to European Markets
Inter Press ServiceAugust 31, 2011

The EU is frustrated by the little progress made and currently focuses more on Asian countries," observed Paul Kruger, a researcher at the Trade Law Centre for Southern Africa in Cape Town, South Africa. For the past decade the EU has been putting in ...more »

Directors' & Officers' Liability
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Legally Green Webinar
Online PR News (press release)August 26, 2011

Online PR News – 26-August-2011 –Hall & Company, an independent insurance broker specializing in Professional Liability Insurance - also known as E&O Insurance - to Architects, Engineers, Land Surveyors and Environmental Consultants., is hosting a free ...more »

Venture Capital
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Smartphone heart monitor gets venture capital funding
NewsOK.comAugust 27, 2011

Albert praised the quality of the investment syndicate, which includes the Oklahoma Life Sciences Fund, Qualcomm Venture, and Burrill & Co., “a biotech and health care investment leader.” “Qualcomm is the preeminent provider of chipsets for advanced ...more »

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