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

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Just married? Check your divorce cover
Financial TimesAugust 2, 2011

So, while divorce insurance is unlikely to take off for the mass market any time soon, it could work for individuals who have already taken the time to craft a pre-or-post nuptial agreement. Please don't cut articles from and redistribute by ...more »

New Sports Agent Bill signed into California law
Conquest ChroniclesAugust 5, 2011

I'm no lawyer and I haven't delved deep into this bill, but I enjoy a few sports law blogs and I'm sure within time, there will be a write-up on this new bills pro's and con's. Until then, I'm all for it. Nothing about it so far makes me think it's ...more »

Business Law News and Stories

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Why Your App Must Comply With Child Privacy Regulations
MashableAugust 18, 2011

The FTC action was intended to send a message to the mobile app market that it will be closely monitoring the industry for business practices that violate consumer protection law, including privacy restrictions. While the case marks the FTC's first ...more »

False Advertising
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China Legal Expert John J. Maalouf Authors Book on China's New Business Laws
Newswire Today (press release)August 15, 2011

John J. Maalouf, Senior Partner of the Firm, is an internationally recognized expert in the areas of China Business Law, international trade and finance, mergers and acquisitions, business, corporate and banking law. John was ranked as one of the Top ...more »

Antitrust Law, Domestic
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China Legal Expert John J. Maalouf Authors Book on China's New Business Laws
Newswire Today (press release)August 15, 2011

John J. Maalouf, Senior Partner of the Firm, is an internationally recognized expert in the areas of China Business Law, international trade and finance, mergers and acquisitions, business, corporate and banking law. John was ranked as one of the Top ...more »

Federal Contracts
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Federal Court Upholds Exclusive Video Streaming Contract
Broadcasting & CableAugust 24, 2011

Gannett had argued that as a state actor, the WIAA may not enter into exclusive contracts with private companies to stream entire events online and derive revenue from it, said the Federal appeals court panel in its ruling. The court said there was a ...more »

Federal Grants
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Texas woman accused of stealing funding for abused kids
ReutersAugust 11, 2011

Federal prosecutors accused Brown of writing 71 fraudulent checks over a 5-year period to pay off personal credit cards or deposit money in a personal checking account, according to the indictment. She obtained a co-signer on blank checks "on numerous ...more »

Banking Law
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What That Exposé of the Fed's Secret Bailout Told Us... And What It Didn't
Huffington Post (blog)August 25, 2011

It's a crime to lie to investors about your own balance sheets, so how many bankers committed stock fraud by taking these loans, failing to disclose them, and making false statements about their own bank's financial stability? ...more »

Foreign Investments
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Law Offices of Howard G. Smith Announces Investigation of Sino-Forest Corp.
StockhouseAugust 26, 2011

Law Offices of Howard G. Smith announces that it is investigating potential claims against Sino-Forest Corp. ("Sino-Forest" or the "Company") (OTC:SNOFF) concerning possible violations of federal securities laws. The investigation focuses on ...more »

Business Formation
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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 »

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Clearlake Council approves franchise agreement
Lake County Record-BeeAugust 13, 2011

CLEARLAKE -- Clearlake City Council approved a Solid Waste Franchise Agreement with Clearlake Waste Solutions, Inc. (CWS) during its regular meeting Thursday and addressed two other items of business. ...more »

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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 »

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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Some good, some bad in Alabama Legislature's new immigration policy
St. Clair TimesAugust 18, 2011

Comedy Central's Stephen Colbert had a field day recently lampooning a new Alabama business that is offering to make bullets out of the ashes of your cremated loved ones. You can't make this stuff up. But the immigration law itself does raise questions ...more »

Institutional Investing
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SEC examining mutual funds' use of derivatives
ReutersAugust 31, 2011

The fear is that funds can use derivatives to potentially exceed borrowing rules and risk limits, while technically complying with the letter of the law. The SEC's interest in derivatives use by investment companies predates the 2007-2009 financial ...more »

Commercial Leasing
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MDxHealth establishes US CLIA laboratory in Irvine, CA, and makes key hires to ...
CisionWire (press release)August 18, 2011

DURHAM, NC, and LIEGE, BELGIUM - August 18, 2011 - MDxHealth SA (NYSE Euronext: MDXH), a leading molecular diagnostics company in the field of personalized medicine, announced today that it has signed a lease agreement for a state-of- the-art ...more »

State not enforcing campaign limits
Omaha World-HeraldAugust 27, 2011

Commissioners chose the course of action Friday because they believe it will most quickly settle the legal issues surrounding Nebraska's law, which funnels public funds to candidates whose opponents exceed voluntary spending limits. ...more »

Communications & Media
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Rob Mason To Succeed Schultz As President And CEO Of Valassis Communications
RTT NewsAugust 23, 2011

(RTTNews) - Media and marketing services company Valassis Communications, Inc. (VCI: News ) said Tuesday that its Chairman, President and CEO Alan Schultz plans to retire at the end of the year, but will remain as the chairman. ...more »

Des Moines schools lack plan to avoid teacher license errors
DesMoinesRegister.comAugust 29, 2011

“We take licensure issues very seriously, and act on them immediately,” Sebring said in an email. State and school district officials differ on when Des Moines was notified — officially or unofficially — about the two teacher licensing issues. ...more »

Construction & Development
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J. Jeffrey Rice presents to local credit management association
Naples Daily NewsAugust 16, 2011

Rice emphasizes his practice on commercial law, construction law, construction lien cases and real estate closings for clients. Of the 90000 members of The Florida Bar, Rice is one of only 12 certified in three areas of law and one of only four ...more »

Non-Profit Corporations
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The Struggle at Candlestick to Keep Peace Among Fans
New York TimesAugust 26, 2011

A nonprofit, nonpartisan news organization providing local coverage of the San Francisco Bay Area for The New York Times. To join the conversation about this article, go to The message said a man was causing problems in the stands. ...more »

Contracts Involving State & Minicipality
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DA urges Hawks to probe Ferrostaal
Independent OnlineAugust 23, 2011

Dramat wrote to DA MP David Maynier that the report by business law firm Debevoise & Plimpton was marked privileged and confidential and “contains attorney-client communications”. “There is no indication given that this privilege has been waived. ...more »

Professional Corporations
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Legal Battle on Tobacco Warnings
Manila BulletinAugust 28, 2011

"This is not at all a new trend," said University of California, Los Angeles law professor Eugene Volokh, who teaches free-speech law. He cited rulings on constitutionally protected corporate free-speech rights dating back some 60 years. ...more »

Corporate Finance & Taxation
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Americans living here ponder new tax law
Windsor StarAugust 24, 2011

News that the Internal Revenue Service requires US citizens living in Canada to disclose financial information by filing annual tax returns dating back as far as eight years - or face potential hefty ...more »

Public Offerings
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Year-old state office challenges death sentences
Houston ChronicleAugust 21, 2011

... school in Los Angeles and joining the California attorney general's office as a prosecutor. He spent 11 years there. "At some point I realized I wasn't on the right side," he said. "I'm very thankful the federal public defender office took me in. ...more »

Creditor's Rights
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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 »

Reorganizations & Restructuring
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Caribe Media Files Bankruptcy Restructuring Plan Giving Lenders Equity
BloombergAugust 23, 2011

Caribe Media Inc., a publisher of directories in Puerto Rico and the Dominican Republic, filed a reorganization plan giving control of the company to its lenders. Senior secured lenders, owed about $127 ...more »

Customs Disputes
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Council Seeks to Limits Conflicts Between Pray and Pay
Gotham GazetteAugust 18, 2011

Intro 656 would limit the extent to which the city Department of Correction could cooperate with federal Immigration and Customs Enforcement, or ICE. Under the US Criminal Alien Program, the Department of ...more »

State & Minicipal Bonds
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Michael Cross Announces Plan to Run for Alpharetta City Council
Patch.comAugust 25, 2011

For the past 11 years, Cross has served as an adjunct professor of business law, ethics, and leadership at Reinhardt University. He also frequently serves as a lecturer at continuing legal education seminars on matters involving business, tax, ...more »

Debt Collection
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Georgia restaurant readying to exit from Chapter 11 bankruptcy
Bankruptcy HomeAugust 18, 2011

The Blue Willow Inn in Social Circle, Georgia, is on its way to exiting out of protection from under Chapter 11 bankruptcy law. The Blue Willow Inn in Social Circle, Georgia, is on its way to exiting out of protection from under ...more »

Trade Associations
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In anticipation of new law, Egypt's labor unions in limbo
Al-Masry Al-YoumAugust 31, 2011

The cabinet is also engaged in the drawn-out process of issuing a new trade union law to replace Trade Union Act 35/1976. The future of Egypt's union structures and elections will be determined according to this new law - when and if it is issued. ...more »

Debt Settlement
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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 »

Venture Capital
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Behind the Glittery Web Start-Ups, Investors See Other Gold
New York TimesAugust 25, 2011

Silicon Valley's largest venture capital firms are raising their stakes in so-called enterprise companies, which provide software, analytics and other services to business customers. They are betting that the emerging players in this space, ...more »

Directors' & Officers' Liability
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Unequal Protection from Risk
truthoutAugust 23, 2011

When the United States was founded, the concept of limiting the financial liability of corporate stockholders was defined by the states in which the corporations were chartered. So too was liability for the behavior of the corporation, or of the people ...more »


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