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

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Customs tightens rules on imported books
GMANews.TVAugust 1, 2011

Customs Commissioner Angelito Alvarez has issued an order tightening the rules for the entry of imported books into the Philippines, requiring importers to apply with the Finance Department for duty- and tax-free importation of books. ...more »

Sentence of Metro East lawyer may be reduced
STLtoday.comAugust 1, 2011

Appeals court rules it was double jeopardy to charge Gary Peel with both bankruptcy fraud and obstruction of justice. EAST ST. LOUIS • A federal appeals court has reversed part of a former Madison County lawyer's prison sentence for blackmailing his ...more »

Business Law News and Stories

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At law schools, age bias co-exists with outdated practices
The National Law JournalAugust 25, 2011

Unlike other professional schools, such as medicine and business, law schools continue to teach primarily based on a 19th century theoretical model that is good at developing critical legal thinking but severely lacking in teaching practical skills. ...more »

Federal Grants
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4 things to know about the Patriot Act
MPNnow.comAugust 17, 2011

Here are a few: Roving “John Doe” wiretaps This grants surveillance, with court approval, of a person versus a medium. Goldberg said it allows more than one phone or computer used by a person of interest to be tapped under one warrant. ...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 »

Foreign Investments
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County development: Law helping immigrants creates jobs in America
TriValley CentralAugust 19, 2011

Since its inception in 1990, the EB-5 Immigrant Investor Program has created more than 31000 permanent jobs for American workers and resulted in more than $1.5 billion in foreign investment in the United States economy. ...more »

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Perry's Texas Tax Plan Runs Into Criticism
Wall Street JournalAugust 19, 2011

Mr. Perry initially appointed a commission to redesign the state's business-franchise tax to apply to partnerships, trusts and other businesses that had managed to escape it. Later approved by the state legislature, the modified business tax uses a ...more »

Banking Law
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Long Road Back for Greek Banks
New York TimesAugust 29, 2011

Over all, the memo reads like a stock promotion that skirts laws designed to prevent executives from puffing up their companies. Groupon already publicly disavowed comments by its chairman that the firm would become “wildly profitable. ...more »

Gaming Law
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Gaming ship managers claim they were encouraged by Govt Ministers
Royal GazetteAugust 26, 2011

Former Premier and Minister of Tourism and Transport Ewart Brown tried to relax Bermuda's anti-gambling laws but was thwarted by opposition from the church and members of his own party. Government MPs blocked an attempted law change last year to allow ...more »

Business Formation
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Rioters must be met with strong sanctions to show that Britain is open for ...
The CommentatorAugust 11, 2011

On the 8 th of September I will be Chairing a meeting of the All Party Parliamentary Group on Retail & Business Crime where retailers will be able to address MPs who are concerned for the welfare of their communities; and Home Office Minister of State, ...more »

Government Construction Contracts
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Libya's rebel government recognized
JoongAng DailyAugust 24, 2011

Before the uprising began in February, 21 Korean companies had construction contracts in the country worth $10.5 billion, the ministry said. The ministry said it plans to provide $1 million in humanitarian assistance to the National Transitional ...more »

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Career offer for 16 trainee solicitors
Manchester Evening NewsAugust 17, 2011

Commercial law firm DWF has offered all 16 of its trainee solicitors a career with the firm, increasing its high retention rate. All the trainees who began with DWF in 2009 have accepted a position, an increase on last year's figure of 89 per cent. ...more »

Institutional Investing
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U.S. Sanctions Against Iran Allows Unique Opportunity for one Houston Rug ...
NEWS.GNOM.ES (press release)August 30, 2011

ES-iReach/ — Last summer, President Obama signed into law the Comprehensive Iran Sanctions, Accountability, and Investment Act (CISADA) effective September 29, 2010 expanding the embargo on Iran to include carpets and trade goods sent to and from Iran ...more »

Commercial Bankruptcy
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Candidate Profile: Robin Jones
Patch.comAugust 3, 2011

Have you or a business you owned (or had principal interest in) ever filed bankruptcy? As an adult, have you been convicted or charged with a crime other than a minor traffic violation? What is the primary reason you are running for this office? ...more »

Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Penson ...
MarketWatch (press release)August 25, 2011

If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, ...more »

Commercial Leasing
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Dorsey Establishes Special Counsel Relationship with Shanghai's Martin Hu ...
Business Wire (press release)August 22, 2011

MHP is a full-service commercial law firm, recognized by Chambers & Partners, a legal firm ranking service, as one of China's "Emerging Law Firms of the Year" for 2010 and "Highly Recommended as a Leading Law Firm in Corporate/M&A. ...more »

Internal Investigative Services
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Top cops in drug shame - officers allegedly fail cocaine test 15, 2011

Two serving NSW Police Force officers and one Australian Federal Police officer were ordered to undergo tests as part of an internal investigation into alleged recreational drug use among officers. The officers involved, all aged in their 40s, ...more »

Communications & Media
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To curb pesky SMSs, Trai to impose charges on telcos
Hindustan TimesAugust 10, 2011

In order to curb the nuisance of unsolicited commercial SMSs, the Telecom Regulatory Authority of India (Trai) is considering imposing termination charges on commercial SMSs. If implemented, this may help in checking the growing number of unwanted ...more »

International Transactions
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Fixing arm's length price
Hindu Business LineAugust 12, 2011

Before rejecting the transaction price, the TPO has to give an opportunity to the assesseee to prove the price. Arms' length price can be subject matter of substitution for international transactions under the Indian law. If the foreign entity insists ...more »

Construction & Development
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Will a chastened Murdoch prove good for News Corp.?
USA TodayAugust 5, 2011

He calls Murdoch a "kingdom builder," and suggests the scandal might be a "blessing in disguise" — even if Murdoch doesn't depart — if it dampens his appetite to buy more. Starting with one newspaper in Australia, Murdoch built News Corp. into a ...more »

Locating Funds
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Big firms collect health subsidies
Mansfield News JournalAugust 29, 2011

... financial need and are getting this money just to strengthen their bottom line, that's wrong," Blackburn said. Rep. Steve Chabot, a Westwood Republican, said this is one of several provisions in the health care law that might need further review. ...more »

Contracts Involving State & Minicipality
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Charges against former state GOP chairman should be dismissed, says lawyer
MiamiHerald.comAugust 24, 2011

He's the one who executed the contract. He's the one who didn't tell the board about his involvement (in Victory Strategies).” After deposing legal consultant John Harris, Mason said the law firm that set up Victory Strategies unlawfully gave ...more »

Mergers, Acquisitions & Divestitures
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AT&T Hires Bankers For Possible Divestitures
Wall Street JournalAugust 11, 2011

"As we said on the day we announced the merger with T-Mobile USA, we anticipate there will be some divestitures, as we have had in past mergers, but any speculation about the amount of divestitures is premature," said an AT&T spokesman. ...more »

Corporate Finance & Taxation
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Online travel firms say they don't owe bed taxes, seek dismissal of lawsuit
Billings GazetteAugust 24, 2011

Seeley declined to disqualify them, saying the attorneys are not agency employees. The companies also have an out-of-state lawyer, Darrell Hieber of Los Angeles, working on the case. Hieber said Montana law clearly states the bed tax is based on what ...more »

Mortgages & Foreclosures
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Springfield approves tough anti-foreclosure laws
Boston GlobeAugust 23, 2011

AP The Springfield City Council has passed what advocates are calling the toughest municipal anti-foreclosure legislation in the country. The council voted unanimously to approve an ordinance that requires mortgage lenders to engage in mediation with ...more »

Creditor's Rights
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Ice Miller law firm to merge with Ohio's SZD, creating one of largest firms in US
REjournals.comAugust 19, 2011

Each firm offers a full range of legal services, including labor and employment, creditors' rights and intellectual property. “SZD is a preeminent firm with a stellar reputation. Its clients, culture and Midwestern roots are a great fit,” said Phil ...more »

Non-Profit Corporations
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Perry's fundraising for governors group draws scrutiny
Houston ChronicleAugust 25, 2011

Washington, DC-based attorney Glenn Willard, a former Federal Elections Commission lawyer who advises candidates, political committees, corporations and nonprofit organizations on how to navigate campaign finance regulations, said state laws could, ...more »

Customs Disputes
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DREAM Act-Eligible Students Can Relax, Obama Says No Deportation
Huffington Post (blog)August 23, 2011

The law allows local and state police to hand over fingerprints and citizenship information for people they arrest to Immigration and Customs Enforcement (ICE) and the Department of Homeland Security (DHS). The law has been criticized for scaling up ...more »

Professional Corporations
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Robbins Umeda LLP Announces an Investigation of Career Education Corporation
MarketWatch (press release)August 26, 2011

... has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by certain officers and directors at Career Education Corporation ("CEC") /quotes/zigman/66286/quotes/nls/ceco CECO +4.90% . ...more »

Debt Collection
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In bankruptcy, Howrey tussles with insurer, landlord over unpaid claims and rent
Washington PostAugust 21, 2011

Howrey, the once-prominent Washington law firm that dissolved in March, auctioned off furniture from its District office last week, the latest step in ongoing bankruptcy proceedings for what was once a premier litigation firm with more ...more »

Public Offerings
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Sedgwick County DA Calls For Rejection Of Conceal-Carry Expansion
KAKEAugust 24, 2011

Sedgwick County's District Attorney wants county commissioners to reject a plan to expand where concealed weapons can be carried in county-owned facilities. District Attorney Nola Foulston hand delivered a memorandum to county commissioners this ...more »

Debt Settlement
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Jefferson County sewer debt talks grace period crucial to solution (blog)August 14, 2011

BIRMINGHAM, Alabama -- Jefferson County residents may be weary of the county's sewer debt crisis, but a decision Friday to extend settlement talks with creditors by another month is a wise move, say several bankruptcy experts and lawyers. ...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 »

Directors' & Officers' Liability
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Olathe-based NIC Inc. settles lawsuit over executive perks
Kansas City StarAugust 24, 2011

NIC said it expected the settlement payments to be covered by its officers' and directors' liability insurance. NIC's former CEO, Jeff Fraser, also will pay the company $225000. In the settlement agreement, Fraser and others named in the suit denied ...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 »

False Advertising
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Comcast Drops Its Lawsuit Against DirecTV After Just Two Weeks
paidContent.orgAugust 19, 2011

Several days after losing the first round in court, Comcast (NSDQ: CMCSA) has dropped its false advertising case against DirecTV (NYSE: DTV), with very little to show for the legal action. The lawsuit was over DirecTV's promotion of its NFL Sunday ...more »

Unfair Competition
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Imitation: fragrant flattery or unfair competition?
CPA GlobalAugust 3, 2011

However, the claim failed in the lower courts and, following an appeal to the Bundesgerichtshof (case no: I ZR 157/09), it was decided on 5 May that the lower courts were not wrong to find that there was no unfair competition under Article 6 of the UWG ...more »

Federal Contracts
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Washington D.C.'s economy booms thanks to federal contracting dollars
Daily KosAugust 18, 2011

The town is booming, and it's booming in large part at taxpayers' expense, because of the growth in federal contracting. Millions of dollars worth of federal contracts transformed Anita Talwar from a government accounting clerk into a wealthy woman ...more »


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