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

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Independence interruptus
TransConflictAugust 2, 2011

The behavior of all sides in the current customs dispute demonstrates that — as far as the locals are concerned — the question of who has sovereignty is an indelibly zero-sum dispute; one that the respective local elites must be left to settle on ...more »

Bankruptcy judge is former commercial litigator
Providence JournalAugust 2, 2011

Before being appointed to the bench, Bailey was a commercial litigator with the firm of Sherin and Lodgen LLP in Boston. He previously worked for the Boston law firm of Sullivan & Worcester. A 2008 announcement of his appointment to the bankruptcy...more »

Business Law News and Stories

Advertising
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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 »

False Advertising
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Tax Reform Proposal Targets Business Investment for Thailand
1888 Press Release (press release)August 24, 2011

Expert corporate legal service in Thailand, BSA Law, claims reducing corporate tax rates could also promote competition with other Asian nations. (1888PressRelease) August 24, 2011 - Bangkok, Thailand - Thai business law firm BSA Law claims cutting ...more »

Antitrust Law, Domestic
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President Obama's Promise To Rural America
Blog for Iowa (blog)August 24, 2011

In the past 30 years, since Ronald Reagan took office, the US government has stopped enforcing antitrust laws, while recklessly encouraging an orgy of corporate mergers. During this time, food and agriculture production has become one of the most ...more »

Federal Contracts
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Bank Credit Default Swaps Reach Record High as Fed Boost Bets Evaporate
BloombergAugust 24, 2011

The cost of contracts on the Markit iTraxx Financial Index of swaps linked to senior debt of 25 banks and insurers climbed 6 basis points to 257, according to JPMorgan Chase & Co. at 1 pm in London. The subordinated index was up 11 at an all-time high ...more »

Federal Grants
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Cleveland dental school receives millions in federal grants
DentalPlans.comAugust 25, 2011

Case Western Reserve University School of Dental Medicine, located in Cleveland, Ohio, recently received two substantial grants from the Health Resources and Services Administration (HRSA). The organization, a division of the US Department of Health ...more »

Banking Law
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Dim Sum Ceremony Attracts Banking VIPs
Wall Street Journal (blog)August 17, 2011

Standard Chartered Group Chairman John Peace is taking a quick break from his summer vacation for work in Hong Kong, but don't expect any major announcements from the UK-based lender. Sir John has come through town just to attend ...more »

Foreign Investments
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H2 Foreign Investment Hits $7Bln
The Moscow TimesAugust 25, 2011

Foreign direct investment in Russia surged 30 percent to $7 billion for the first half of 2011, compared with last year, with manufacturers and the financial industry receiving the most capital. The overall foreign investment number, which includes ...more »

Business Formation
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Fabian Law Attorney Scott Sabey Appointed to the National 2012 General ...
Utah PulseAugust 17, 2011

Scott practices real estate and business law, and related litigation. He is also a lobbyist for the MPAA, Aflac and various national associations. Fabian Law, founded in 1919, is a law firm based in Salt Lake City, Utah, with offices in Nevada, ...more »

Franchising
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11 fictional colleges you should be glad you don't attend
A.V. Club New YorkAugust 18, 2011

If the college sounds familiar to Law & Order fans, that's because it is the fictional school used in the television franchise's college-based episodes. If a coed turns up murdered or a frat boy is arrested on some charges, odds are good that they're ...more »

Commercial
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Cut the Law Firms, Keep the Lawyers
Wall Street JournalAugust 11, 2011

The recruits work in entry-level litigation, intellectual property, corporate and commercial law matters exclusively for HP Mr. Holston said. "We like to think that you can do anything you'd like to do at HP that you can do at a law firm, although you ...more »

Institutional Investing
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Pro-Consumer Bill To Fight Obamacare Regulation On Spending Accounts
Health Care News (blog)August 24, 2011

The Family and Retirement Health Investment Act of 2011, introduced by Rep. Erik Paulsen and Sen. Orin Hatch, is a key piece of legislation combating a few of the almost innumerable disadvantages of Obamacare. ...more »

Commercial Bankruptcy
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Madoff, Seaarland, HearUSA, A&P, Thornburg: Bankruptcy
BusinessWeekAugust 3, 2011

In a 35-page opinion this week, US Bankruptcy Judge Burton Lifland denied a motion to dismiss the complaint. The trustee contends that Cohmad “had little other business or purpose, apart from steering customers” to the Madoff firm. ...more »

Internal Investigative Services
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First look at UNC internal investigations
abc11.comAugust 5, 2011

The investigation of the football program soon expanded into possible academic misconduct involving multiple players and a tutor. In all, 14 players missed at least one game because of the probe with seven being ruled out for the entire year. ...more »

Commercial Leasing
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Opine Experts Tips Series: Lawyers' Role in Clients' Commercial Lease Renewals ...
San Francisco Chronicle (press release)August 24, 2011

Attorneys need to play an aggressive role in assisting their clients to negotiate commercial lease renewals that are more favorable to clients' businesses. Klein recommends: Negotiate before the lease comes up for renewal. If a client's commercial ...more »

International Transactions
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Why cultural intelligence matters
The National Law JournalAugust 19, 2011

Critical to the success of international transactions and cases are lawyers who can conduct business with ease in a variety of cultural settings across the globe. It is no secret that law schools and law firms prioritize "intelligence" when deciding ...more »

Communications & Media
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State Education Board Concerned about Social Media Law
Patch.comAugust 16, 2011

The law could make it illegal for certain groups of people, teachers and students, from using social media software that is available to everyone. Social media can be used to help students, said concerned people in the article.more »

Locating Funds
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China amends law to confiscate ill-gotten money
China DailyAugust 25, 2011

BEIJING - China's legislature will revise its Criminal Procedure Law to allow the confiscation of illegally-obtained money from corrupt officials and terrorists who have fled the country. Draft amendments submitted Wednesday to the National People's ...more »

Construction & Development
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Attorney Melissa Brumback on Panel for Construction Contract Webinar
PR.com (press release)August 19, 2011

Ms. Brumback is a seasoned construction law litigation attorney who has handled all sizes of construction cases including multi-million dollar and multi-prime contracts. She has represented architects, engineers, contractors and owners. ...more »

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

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

Contracts Involving State & Minicipality
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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 »

Non-Profit Corporations
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Community Health Charities announces campaign chairs
Grand Island IndependentAugust 22, 2011

... through the donor-focused nonprofit organization. Their own experiences with several of CHC-NE's member agencies -- and Susan G. Komen for the Cure, in particular -- prompted the mother and daughter-in-law to help raise money for health charities. ...more »

Corporate Finance & Taxation
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So Your Tax Return has been Selected for Audit
ForbesAugust 25, 2011

Committed to my clients' best interests, and to improving the law. I have the highest possible peer ratings. Most of my clients and entrepreneurs or business people. I assist them in business transactions, tax litigation, estate planning, ...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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People making news
Detroit Free PressAugust 14, 2011

Darke is a member of Bodman's debtor-creditor rights and bankruptcy and banking practice groups. He represents creditors, trustees and other parties in a variety of commercial bankruptcy matters and debtor-creditor disputes. ...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 »

Customs Disputes
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Kyrgyzstan closer to joining Customs Union
Central Asia OnlineAugust 11, 2011

CU regulations force Kyrgyz vendors, who formerly re-sold Chinese goods cheaply to Russia and Kazakhstan, to pay high CU customs duties when selling to them. “If the CU really opens doors for Kyrgyz entrepreneurs, it will greatly improve our country's ...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 »

Debt Collection
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St. Pete lawyers up as a safety measure
Tbo.comAugust 25, 2011

In April, the Tribune reported that St. Petersburg had put the law firm Brown Rudnick LLP on retainer in case the Rays filed for bankruptcy court protection. The idea was that the team might file bankruptcy to get out of its stadium agreement at ...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 »

Debt Settlement
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Debt Repayment Plans With Bad Credit–Why Settlement May Be Helpful For Some ...
Red, White, and Blue PressAugust 16, 2011

Yet, some actions have been taken by consumers, which are deemed extreme by some, in the form of debt settlement programs that may help consumers to find repayment options that will help them erase what they owe and begin the process of rebuilding ...more »

Unfair Competition
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After DLF, who's next? CCI targets Delhi builders first
FirstpostAugust 24, 2011

This is why the CCI has taken suo motu note of “unfair competitive practices” in the realty sector and looks set to give its Director General a go-ahead to conduct further investigations. In DLF's case, the Belaire housing complex was supposed to be a ...more »

Directors' & Officers' Liability
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Latham & Watkins LLP | Corporate Officers To Be Prosecuted for Corporate...
Linex Legal (press release) (registration)August 25, 2011

Park exposes corporate officers to criminal liability for FDCA violations based solely upon their position of responsibility within the company, and penalties can be harsh — including large fines, debarment (prohibiting executives from providing ...more »

Venture Capital
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Bleacher Report Raises $22M in Venture Capital
mediabistro.comAugust 24, 2011

Bleacher Report, the polarizing yet increasingly relevant website that Time magazine recently named one of its 50 best websites of 2011, has just received a $22 million investment from Oak Investment Partners. ...more »

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