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

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Cohen & Grigsby Attorney Appointed to Collier County Bar Association Board of ...
PR Newswire (press release)August 2, 2011

The firm has more than 130 lawyers in nine practice groups – Business & Tax, Labor & Employment, Immigration/International Business, Real Estate, Intellectual Property, Litigation, Bankruptcy & Creditors' Rights, Public Affairs and Estates & Trusts. ...more »

Tax Amnesty Goes Hollywood
Forbes (blog)August 2, 2011

While focusing on the IRS is appropriate, there's another tax regime to worry about: your state. California's new program is called Voluntary Compliance Initiative 2 (VCI 2), since the state's VCI 1 ran from January 1, 2004 to April 15, 2004. ...more »

Business Law News and Stories

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Metro revokes billboard permit; Brentwood lawyer applauds
The TennesseanAugust 24, 2011

They were even less happy with the plan by Lamar Advertising to replace the sign with a digital model. But after officials pulled the issue off the Metro Davidson County Board of Zoning Appeals agenda last week, Metro Codes Director Terry Cobb on ...more »

False Advertising
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UCLA law professor opposes naming institute after Lowell Milken
Los Angeles TimesAugust 24, 2011

Alumnus linked to Wall Street junk bond scandal donates $10 million to help found a business law institute. Lynn A. Stout says he is not 'an appropriate model' for students and will hurt UCLA's reputation. Milken Family Foundation Chairman Lowell ...more »

Antitrust Law, Domestic
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UCLA law professor opposes naming institute after Lowell Milken
Los Angeles TimesAugust 24, 2011

Alumnus linked to Wall Street junk bond scandal donates $10 million to help found a business law institute. Lynn A. Stout says he is not 'an appropriate model' for students and will hurt UCLA's reputation. Milken Family Foundation Chairman Lowell ...more »

Federal Contracts
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US seeks 12-year sentence for DiMasi
Boston GlobeAugust 25, 2011

DiMasi and McDonough were convicted in federal court in June of using DiMasi's power as speaker to steer two software contracts totaling $17.5 million toward Cognos in exchange for hundreds of thousands of dollars in secret payments. ...more »

Federal Grants
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Parkersburg Gets Grant Money For Law Enforcement
WOUBAugust 25, 2011

AP Seven West Virginia cities, including Parkersburg, will receive federal grants to support law enforcement agencies. US Senators Joe Manchin and Jay Rockefeller and Rep. Nick Rahall announced the funding from the Edward Byrne Memorial Justice ...more »

Banking Law
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Nine Steps to Take if Your Credit Card Data is Hacked
Fox BusinessAugust 30, 2011

"Card-not-present fraud is now higher than card-present fraud," says Philip Blank, managing director, security, risk and fraud for Pleasanton, Calif.-based Javelin. Credit card holders shouldn't feel powerless if their information gets hacked. ...more »

Foreign Investments
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ODI dips in July, year's first slide
China DailyAugust 25, 2011

But foreign investment experts and a Ministry of Commerce official said that the decline was only temporary and long-term prospects for China's ODI were bright. According to the ministry, the drop in July was the first year-on-year decline this year. ...more »

Business Formation
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The Cato Corporation Increases Share Repurchase Authorization
MarketWatch (press release)August 26, 2011

26, 2011 /PRNewswire via COMTEX/ -- The Cato Corporation /quotes/zigman/221689/quotes/nls/cato CATO +3.26% announced that its Board of Directors has authorized an increase in the Company's share repurchase program of 2 million shares. ...more »

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Union targets Subway, Station Casinos for 'anti-union' activities
Las Vegas Review - JournalAugust 18, 2011

Members of the Culinary Workers Union stood outside a Subway restaurant on Thursday, passing out leaflets urging the owners of the franchise to call on Station Casinos LLC to "stop its anti-union campaign." "We believe it's important ...more »

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Flexibility, compassion in times of hardship
The News JournalAugust 14, 2011

Bayard has nationally recognized practices in commercial bankruptcy, corporate and commercial litigation, intellectual property, securitization, structured finance and insurance insolvencies. Other established practices include entity formation, ...more »

Government Construction Contracts
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Japan-funded job awarded
Pacific Daily NewsAugust 12, 2011

Without more detailed information, it is unclear if the projects awarded to Hensel Phelps-Granite JV are part of the Mamizu Multiple Award Construction Contract or a standalone Japan-funded project. The Mamizu MACC is a $3 billion group of contracts ...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 »

Institutional Investing
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Angel investors share mixed feelings on new tax credit
Omaha World-HeraldAugust 25, 2011

Heineman has said putting those policies into law gives Nebraska "one of the strongest public policy strategies" in the country for attracting and growing technology-focused companies. Others aren't impressed by the angel investment law. ...more »

Commercial Leasing
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Commercial lease signings announced
Daytona Beach News-JournalAugust 25, 2011

ORMOND BEACH -- John Trost, a commercial real estate broker with Prudential Commercial Real Estate in Daytona Beach, brokered two recent commercial lease deals. AgeLess MediSpa, a skin care/cosmetic surgery practice owned by George Solomon, MD, ...more »

Leagle.comAugust 25, 2011

Lesley Rynell of the Juvenile Law Center, Sioux City, attorney and guardian ad litem for minor child. Considered by Eisenhauer, PJ, and Doyle and Mullins, JJ. A mother appeals the juvenile court order terminating her parental rights to her daughter, ...more »

Communications & Media
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Law granting immunity to website operators stokes criticism
Kansas City StarAugust 24, 2011

“I think a lot of this case law is yet to be determined and we're in really murky water,” he added. One of Botello's posts cited in the lawsuit looks very much like typical posts found on The Dirty, which Gingras has argued is protected: a link to an ...more »

International Transactions
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SemGroup to Contribute SemStream Assets to NGL Energy Partners in Exchange for ...
MarketWatch (press release)August 31, 2011

The call can be accessed live over the telephone by dialing 800.884.5695, or for international callers, +1 617.786.2960. The pass code for the call is 63379036. A replay will be available shortly after the call and can be accessed by dialing ...more »

Construction & Development
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Builder must repay victims
Darlington and Stockton TimesAugust 16, 2011

Burnside admitted six charges of engaging in an unfair practice, two of fraud, two of aggressive commercial practice and one of engaging in a practice by means of misleading action. He entered his guilty pleas on July 18, the day he was due to face a ...more »

Humane Society touts licensing program as value for pet owners, taxpayers
Kitsap SunAugust 27, 2011

"When you use a strict enforcement model, compliance with the law in general is low," Shapley said. Calgary's model relied on marketing the value of licensing. Ads ran with pictures of animals and a headline saying "My license is my ticket home. ...more »

Contracts Involving State & Minicipality
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SEC's new whistleblower website – 'winning' Dodd-Frank style
Reuters Blogs (blog)August 18, 2011

17 (Business Law Currents) – As the fabled story goes, almost a decade passed between the time that fraud investigator Harry Markopolos first submitted evidence of the Bernie Madoff Ponzi scheme to the SEC's Boston office and his arrest in late 2008. ...more »

Locating Funds
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UCLA law professor opposes naming institute after Lowell Milken
Los Angeles TimesAugust 24, 2011

Alumnus linked to Wall Street junk bond scandal donates $10 million to help found a business law institute. Lynn A. Stout says he is not 'an appropriate model' for students and will hurt UCLA's reputation. Milken Family Foundation Chairman Lowell ...more »

Corporate Finance & Taxation
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Lawyer Convicted of Tax Evasion Seeks New Trial
New York TimesAugust 16, 2011

Mr. Daugerdas, the former head of Jenkens & Gilchrist's Chicago office, was indicted with six other people in June 2009 on charges of conspiracy and tax evasion for selling phony tax shelters from 1994 to 2004. Robert Greisman, a former partner at BDO ...more »

Non-Profit Corporations
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CA CAPS Union Law Firm Blanning & Baker "hoodwinkers posing as labor consultants"
Bay Area IndymediaAugust 25, 2011

“CAPS has that language in its bylaws as a requirement of the California Corporations Code, on advice of counsel. Every Mutual Benefit Non Profit Corporation (MBNPC), as CAPS is organized, should have it. But that doesn't mean the process is practical ...more »

Creditor's Rights
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After bankruptcy, Tronox earns $66.2M in 2Q
msnbc.comAugust 18, 2011

Tronox, which emerged from bankruptcy protection on Feb. 14, has reorganized its business and applied "fresh start" accounting as of Feb. 1. The company said its financial statements after Jan. 31 are not comparable to statements from before that date. ...more »

Professional Corporations
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Corporate counsel battles rise in class actions
The New LawyerAugust 29, 2011

Australia has a specific regime supporting class actions leading to "significant concern" among in-house lawyers, reveals the survey of 374 corporate counsel across more than 20 industries, done by law firm Mallesons Stephen Jaques in partnership with ...more »

Customs Disputes
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Pranab rejects Moily proposal of merging CBEC & CBDT
Business StandardAugust 16, 2011

Finance Minister Pranab Mukherjee has rejected the proposal of former law minister M Veerappa Moily to merge Central Board of Direct Taxes (CBDT) and Central Board of Excise and Customs (CBEC) to curb black money generation. In his capacity as the law...more »

Reorganizations & Restructuring
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Essilor: Interim 2011 Results
Business Wire (press release)August 26, 2011

(1) Operating profit before compensation costs of share-based payments, restructuring costs, other income and expense, and goodwill impairment. In first-half 2011, gross margin (revenue less cost of sales, expressed as a percentage of revenue) stood at ...more »

Debt Collection
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Bankruptcy filings down but may signal financial struggles
Boston GlobeAugust 18, 2011

“We see people every day who can't afford to file,'' said Matthew Berry of Berry & Associates, an Atlanta bankruptcy law firm. The number of bankruptcy petitions likely will rise when the employment situation improves, Berry said. ...more »

State & Minicipal Bonds
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Alabama Immigrant Law Irks Business
Wall Street JournalAugust 24, 2011

AP An Alabama law to tackle illegal immigration is coming under fire from some business leaders in the state, who say the measure is undermining Alabama's economy even before it takes effect. Representatives of agribusiness ...more »

Debt Settlement
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Samsung, Apple, SEC, Barclays, FDIC, JPMorgan in Court News
BusinessWeekAugust 26, 2011

Comscore, based in Reston, Virginia, compiles Internet traffic data from about 2 million consumers in 170 countries and then markets the information to financial analysts, advertising agencies and other businesses, according to its own website. ...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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Borough will install storm basin
Wilkes Barre Times-LeaderAugust 25, 2011

Council will be inviting proposals from different insurance companies for a liability insurance policy. Chairman Francis Kopko said the council is satisfied with the current provider, but wants to see what other packages and prices are available. ...more »

Unfair Competition
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Safaricom Denies Dominancy Claims
TMC NetAugust 22, 2011

Aug 22, 2011 (Nairobi Star/All Africa Global Media via COMTEX) -- Safaricom has jumped to its defence over accusations of engaging in unfair competition to attain market leadership. The public company issued a statement on the proposed Competition ...more »


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