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

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Valdez Couple Indicted For Tax Crimes
SitNewsAugust 2, 2011

(SitNews) Anchorage, Alaska – United States Attorney Karen L. Loeffler announced that a couple from Valdez were indicted by a federal grand jury in Anchorage with attempted evasion of federal taxes and with failing to file a tax return. ...more »

Peel re-sentenced in federal court; Prison term remains 12 years
Madison County RecordAugust 2, 2011

Former Madison County attorney Gary Peel, 67, who was found guilty in 2007 on possession of child pornography, bankruptcy fraud and obstruction of justice charges, was resentenced Monday in federal court in East St. Louis. His length of imprisonment, ...more »

Business Law News and Stories

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Tax Attorney Reminds U.S. Foreign Account Holders to Enter the IRS Amnesty ...
PR Web (press release)August 24, 2011

The Law Offices of Jeffrey B. Kahn, PC, leading tax, probate and business law firm, encourages Americans with undisclosed offshore accounts to enter the IRS amnesty program before the August 31 deadline to avoid criminal prosecution and the maximum ...more »

False Advertising
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Case against USGBC Dismissed 'With Prejudice'
EnergyBoomAugust 24, 2011

Gifford et al filed on the basis that the USGBC “had engaged in deceptive trade practices, false advertising and anti-trust in promoting the LEED certification program.” Gifford, who owns and operates Gifford Fuel Saving Inc. (heating system repair and ...more »

Antitrust Law, Domestic
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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 »

Federal Contracts
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Taxpayers could be on hook for jobs agency's misspending
Orlando SentinelAugust 27, 2011

But the federal law that created the agency suggests otherwise. "The chief elected official in a local area shall serve as the local grant recipient," the law says, "and shall be liable for any misuse of the grants funds." That could put taxpayers in ...more »

Federal Grants
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State to get $15 million
Providence JournalAugust 25, 2011

This program provides financing to prevent terrorism, reduce fraud and improve the reliability and accuracy of personal-identification documents that states and territories issue. •Emergency-management performance grants, $3.1 million. ...more »

Banking Law
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Debit Card Fraud and Keeping Your PIN a Secret
Deposit Accounts (blog)August 26, 2011

It's well known that credit cards are safer to use than debit cards. If your credit card is compromised, you just report the fraudulent charges to the issuer. No money is removed from your bank accounts. However, with a debit card, money is removed ...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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STAG Industrial, Inc. Reports Second Quarter 2011 Results and Provides Highlights
MarketWatch (press release)August 15, 2011

On April 20, 2011, the Company closed on its initial public offering (IPO) and the related formation transactions to aggregate its predecessor and other funds owned by affiliates of the Company. As the Company was not a public company for a portion of ...more »

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Morgan Stanley at Brink of Collapse Got $107B From Fed
BloombergAugust 22, 2011

“We have taken the lessons we learned from that period and applied them to our liquidity-management program to protect both our franchise and our clients going forward.” Lake wouldn't say what practices the firm has changed. ...more »

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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 »

Government Construction Contracts
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The Department of Labor's Unemployment Hall of Fame
Big GovernmentAugust 17, 2011

State agencies that MUST DISCRIMINATE against non union businesses for civil works construction contracts. State colleges that MUST DISCRIMINATE against white people when reviewing enrollment applications. Public schools that MUST DISCRIMINATE against ...more »

Commercial Bankruptcy
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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 »

Father behind Megan's Law runs against NJ senator
Houston ChronicleAugust 30, 2011

"I'm for the public interest, not special interests," the 61-year-old Plainsboro resident likes to say. Republican Richard Kanka believes it's time for a fresh face in Trenton. He's a blue-collar conservative who is known to the region's residents as ...more »

Communications & Media
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Will your website impair a minor?
Lawdit Commercial SolicitorsAugust 24, 2011

The UK embraced the Audiovisual Media Services Directive (2010/13/EU) ('AVMS Directive') by the Audiovisual Media Services Regulations 2009 (SI 2009/2979), which introduced a new section 368E(2) into the Communications Act 2003, the AMVS Directive ...more »

Internal Investigative Services
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Another Officer Censured in Ongoing Investigation of Schrader Saga
The LedgerAugust 28, 2011

Two cases focused on Sealey and grew out of the initial handling of internal investigations into the behavior of Schrader, who resigned from the department while in jail in 2010 after he was found guilty of stalking his ex-wife. ...more »

Construction & Development
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High Tide: From News Corp.'s FCPA Worries To Hazare's Protest
Wall Street Journal (blog)August 22, 2011

(China Daily) The Vietnamese construction ministry set strict regulatory measures to curb all money-laundering activities by commercial real estate builders and property dealers. (Saigon Daily) The president of the Kuwait Transparency Society demanded ...more »

Hunting license requirements
Toledo BladeAugust 30, 2011

No, the so-called landowner license exemptions will only apply to Ohio residents. Nullified by the new law is a reciprocal agreement with Indiana. So now Ohio residents with land holdings in Indiana must buy a nonresident hunting license, ...more »

Contracts Involving State & Minicipality
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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 »

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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LA Mayor Targets California Tax Law in 'Grand Bargain'
BloombergAugust 17, 2011

“It's time to address the unfairness inherent in a system that allows Wall Street hedge-fund managers to devise complex real-estate investment trusts that give the super-rich a free pass on taxes every ordinary homeowner in California has to pay,” ...more »

Professional Corporations
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The Kids Are Not All Right
New York TimesAugust 22, 2011

But over the last 30 years there has been a dramatic reversal: corporate interests now prevail. Deregulation, privatization, weak enforcement of existing regulations and legal and political resistance to new regulations have eroded our ability, ...more »

Creditor's Rights
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Renovo Capital may take over bankrupt Andronico's
San Francisco ChronicleAugust 23, 2011

"They were the ones with the most viable plan," he said, adding that the venture capital firm was also flush enough to take over the ailing business. Renovo invests in small and mid-market businesses facing liquidity, short-falls and profitability ...more »

Public Offerings
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Appeals court critical of JCPS student assignment plan
Louisville Courier-JournalAugust 25, 2011

Kentucky Court of Appeals hears arguments about Louisville's Jefferson County Public Schools student plan. FULL PROCEEDINGS-Ky Appeals Court Arguments in JCP... Judge Kelly Thompson addresses a question to JCPS Board of Education defense attorney Byron ...more »

Customs Disputes
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A life unravelled … whistleblower who incurred wrath of the Murdoch empire
The GuardianAugust 17, 2011

Emmel's lawyers say the move forced him into bankruptcy. News America then insisted on a deposition to extract financial information out of Emmel, a move that is allowable under the law but that astonished Emmel's bankruptcy lawyer, Danny Coleman, ...more »

Reorganizations & Restructuring
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SurModics slashes delivery tech workforce, closes plant in restructuring
FierceBiotechAugust 24, 2011

SurModics ($SRDX), which markets drug delivery technology, is laying off 9% of its workforce and bidding goodbye to the company's CFO and human resources chief in a reorganization spurred by the loss of a big customer. The Eden Prairie, MN-based ...more »

Debt Collection
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Can i counter sue the debt collector for sueing the wrong person? my social ...
AvvoAugust 24, 2011

the bank authorized to freeze my account and debit without my authorization eventhough the social # doesnt matched. i spoke to the debt collector lawyer and verified with them they got the wrong person and yet my bank account is not unfreeze yet. can i ...more »

State & Minicipal Bonds
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Professional news in brief
Manchester Evening NewsAugust 17, 2011

It is the latest in a series of seminars focusing on areas of business law. Contact to book your place. MANCHESTER solicitors Lyons Wilson has secured the Law Society's new conveyancing quality scheme accreditation, ...more »

Debt Settlement
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Judge approves Louisville Orchestra's plan to exit Chapter 11 reorganization ...
Bankruptcy HomeAugust 17, 2011

After filing for protection under bankruptcy law in December with $412000 listed in assets and $1.4 million in liabilities, the Louisville Orchestra has emerged from Chapter 11 bankruptcy. After filing for protection under bankruptcy ...more »

Trade Associations
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Revive Domestic Manufacturing To Get America Working
California Progress ReportAugust 23, 2011

"Buy American" should be a mandate on all federal, state and local government purchases, consistent with our trade laws. There is no reason our government should be undermining American manufacturers. Our bottom line should be: All federal and state ...more »

Directors' & Officers' Liability
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Reverse mergers affect D&O prices
Business InsuranceAugust 21, 2011

Lawsuits against these reverse merger firms account for a growing portion of securities litigation. Of 94 federal securities fraud class actions filed during this year's first half, 24 lawsuits were against Chinese reverse merger companies, ...more »

Unfair Competition
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DLF again found guilty of abusing dominance, no fine this time
LivemintAugust 30, 2011

PTI New Delhi: A fortnight after penalizing DLF with a hefty sum of Rs630 crore, competition watchdog CCI on Tuesday in another case directed the company to stop formulating and imposing unfair conditions in its agreements with home buyers but did not ...more »


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