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

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Lynn L. Bergeson Will Speak at the Fifth International Symposium on ...
Environmental Expert (press release)August 3, 2011

Ms. Bergeson serves on a number of domestic and international nanotechnology standard setting and governance committees, and writes and lectures frequently on nano-related topics. Recent publications include: Nanotechnology: Environmental Law, Policy, ...more »

Soccer-Venezuela courts controversy with sports law
ReutersAugust 3, 2011

CARACAS Aug 2 (Reuters) - Venezuela is on collision course with world soccer governing body FIFA and the International Olympic Commission after its parliament approved a controversial sports law that threatens the autonomy of its sports ...more »

Business Law News and Stories

Advertising
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Fighting in the Streets
Fox and Hounds Daily (blog)August 19, 2011

Principal of David S. White & Associates, a real estate and general business law firm, West Los Angeles Cause summers here and the time is right for fighting in the street, boy . . . Hey! think the time is right for a palace ...more »

False Advertising
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Cohen & Grigsby Announces Addition of Christine Bowers to Business and Tax Group
PR Newswire (press release)August 24, 2011

24, 2011 /PRNewswire/ -- Cohen & Grigsby, a business law firm with headquarters in Pittsburgh, PA and an office in Bonita Springs, FL, is pleased to announce the appointment of Christine Bowers as senior counsel in the firm's Business and Tax Group. ...more »

Antitrust Law, Domestic
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UCLA School of Law receives $10 million gift to create business law institute
Washington PostAugust 9, 2011

By AP, LOS ANGELES — The UCLA School of Law has received a $10 million gift to establish a business law institute. The Los Angeles school announced Tuesday that alumnus Lowell Milken had made the donation to create the Lowell Milken Institute for ...more »

Federal Contracts
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RATE FUTURES REPORT: No Panic From Bernanke Curbs Safety Bid
Wall Street JournalAugust 26, 2011

Even as the contract pulled back in price, its implied rate stayed below 2.25%. Meantime, the Fed's near-zero federal-funds rate policy continued to guide action in Eurodollar futures, as a closely watched one-year calendar spread held to its inverted ...more »

Federal Grants
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Hudson County Cities Pick Up $410K in Federal Law Enforcement Grants
The Jersey City IndependentAugust 25, 2011

The funding is part of $2.7 million the federal Department of Justice is allocating to law enforcement agencies around the state of New Jersey, and it comes as many of the state's cities have been forced to lay off police officers (Jersey City narrowly ...more »

Banking Law
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NJ man gets six years for wire fraud, impersonating law firm
Thomson Reuters News & InsightAugust 30, 2011

NEW YORK, Aug 30 (Reuters) - A New Jersey man will serve nearly six years in federal prison for impersonating a phony law firm and a bank while bilking a client out of more than $600000. Vlade Stojchevski, 41, was sentenced to 71 months Tuesday in ...more »

Foreign Investments
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Nigeria: Corruption's Nation's Main Problem, Says US Ambassador
AllAfrica.comAugust 18, 2011

"We know that Nigeria has the potential to attract billions of dollars of Foreign Direct Investment, as long as there is a solid commitment to the rule of law and the sanctity of commercial contracts," he said. The envoy noted with regret that Nigeria ...more »

Business Formation
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Price gouging reported throughout NYC
7Online.comAugust 27, 2011

General Business Law prohibits such increase in costs of essential items like food, water, gas, generators, batteries and flashlights, and services like transportation, during natural disasters or other events that disrupt the market. ...more »

Franchising
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Supervisors clear solar project
The Desert SunAugust 17, 2011

The board unanimously approved permits for the project and a franchise agreement under which First Solar will pay the county $600000 a year to compensate for the project's long-term environmental and economic affects. The company is also providing a ...more »

Commercial
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Judge Scrutinizes Legal Fees in WexTrust Ponzi Scheme Case
The Am Law DailyAugust 25, 2011

At an August 3 hearing to discuss a proposed settlement with Much Shelist Denenberg Ament & Rubenstein, a Chicago law firm facing a malpractice suit for its work representing WexTrust on securities matters before it collapsed, Chin considered a request ...more »

Gaming Law
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Internet gambling's new best friend? Conservatives
VEGAS INCAugust 23, 2011

The Justice Department seems little fazed by a political landscape that has slowly shifted toward acceptance of many forms of gambling. Although the US attorney's office has declined to comment on its law enforcement strategy involving online gambling, ...more »

Commercial Bankruptcy
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Saving our soldiers: Force Protection founder Garth Barrett is out, but ...
Charleston Post CourierAugust 22, 2011

Protected Vehicles filed for bankruptcy in 2008, deep in debt. The company owed nearly $16 million to the Marines alone. In another slap at Barrett and his business, Force Protection made a failed bid to purchase Protected Vehicles. ...more »

Institutional Investing
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Sales tax issues may collide
Moultrie ObserverAugust 23, 2011

If approved by voters, the tax, part of the Transportation Investment Act approved by Georgia legislators in 2010, would bring in an estimated $453 million in the 14 counties over 10 years, funding 95 projects. A five-member Executive Committee, ...more »

Commercial Leasing
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Landlord sues tenant over commercial lease in Montrose
Ultimate MontroseAugust 29, 2011

26 in the Harris County District Court against Gulfstream Legal Group, citing breach of contract, common law fraud, statutory fraud and negligent misrepresentation. Yarico says that it agreed to lease Gulfstream Legal 5660 square feet of commercial...more »

Animals suffer as Tennessee balks at cruelty laws
The TennesseanAugust 26, 2011

At the other end of the debate is an effort to protect farmers' interests from what is seen as intrusive laws that could hamper their ability to do business, led largely by state Rep. Frank Niceley, R-Strawberry Plains, head of the state's Agriculture ...more »

Communications & Media
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CRTC, Rogers Accused Of Ignoring Law In Internet Traffic Shaping
Huffington Post CanadaAugust 22, 2011

We are in full compliance with Consumer Protection legislation, the Telecommunications Act and the CRTC regulations. That is why the CRTC investigations have not resulted in any findings that we are out of compliance. Our Internet Traffic Management ...more »

International Transactions
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Batter Up, Twinkle Toes: Lenny Dykstra's Latest Brush with the Law
Above the LawAugust 26, 2011

Now he's more famous for taking the same scrappy approach with the law. In January, Dykstra was accused of sexual assault by his housekeeper. In May, Dykstra was indicted for bankruptcy fraud. Oh, how the mighty have fallen. ...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 »

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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N.J.'s top court rules League of Municipalities is subject to open records law
The Star-Ledger - NJ.comAugust 24, 2011

Today, the state Supreme Court ruled the organization is a public entity and subject to open public records laws. TRENTON — The New Jersey State League of Municipalities is a public agency and subject to the same disclosure requirements as ...more »

Locating Funds
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ProgressOhio: Kasich Sending Public Funds to Pvt. SB5 Support
ABC6OnYourSide.comAugust 29, 2011

"If they gave money to the campaign and got money from the state, that looks like a back door way for Kasich to stick the taxpayers with the cost of preserving his extreme new law.'' While Kasich projected that JobsOhio will eliminate 211 state jobs, ...more »

Corporate Finance & Taxation
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Amazon Spends Millions to Fight Internet Sales Tax
New York TimesAugust 27, 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 baycitizen.org. More than nine months before a proposed June 2012 referendum ...more »

Professional Corporations
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Unpaid internships are an embarrassment to the legal profession
The GuardianAugust 30, 2011

And following an appeal for information on Twitter earlier this week, I even found a graduate who had been working unpaid over a lengthy period at a large corporate law firm with multiple offices across the country. All of the above may well be ...more »

Creditor's Rights
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Mets-Madoff Trustee, Linden Ponds, Petters: Bankruptcy
BusinessWeekAugust 22, 2011

Although he didn't say so, Rakoff's about face was likely the result of a decision in June by the US Supreme Court saying that bankruptcy judges can't try cases against creditors based on state law claims. Remaining proceedings should occur faster in ...more »

Public Offerings
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Lawyer for Strauss-Kahn Accuser Hopes Gambles Will Pay Off
WNYCAugust 18, 2011

Thompson grew up in public housing in Harlem and was abandoned by his father when he was five. He was raised by his mother, Clara Dolores Thompson, along with his brother and sister, in Co-op City in the Bronx. Thompson's mother became one of New York ...more »

Customs Disputes
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Minority groups fight HMRC's online VAT stance
Accountancy AgeAugust 17, 2011

THE RECENT consultation document from HM Revenue & Customs on online VAT filing is part of a government-wide move to encourage electronic registration for public services. For government departments that are required to make ...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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Central Falls Bankruptcy Crisis: Volunteer power
Providence JournalAugust 17, 2011

The OSL computer system was where the library kept the list of its card holders and the books in its collections. Without OSL access, Shannahan said, they don't know who has a card or what books they have. It would take more than money to rejoin OSL. ...more »

State & Minicipal Bonds
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Successful Strategies Emerging for Doing Commercial Real Estate Deals ...
San Francisco Chronicle (press release)August 27, 2011

"The major Real Estate Investment Trusts (REITs) have a significant competitive advantage in the marketplace right now. Their capital structure allows them to acquire commercial properties that entrepreneurs simply can't afford to purchase given the ...more »

Debt Settlement
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UM players could face bankruptcy clawback suits for Ponzi gifts
Sun-SentinelAugust 17, 2011

That is, if they don't voluntarily come forward to repay the bankruptcy trustee overseeing Shapiro's now-defunct investment company, Capitol Investments USA, which is facing more than $100 million in claims from bilked investors. Under bankruptcy law...more »

Venture Capital
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Guest Column: Dot on venture capital map has meaning
Memphis Commercial AppealAugust 31, 2011

Silently, online, The Wall Street Journal published its latest map showing "The United States of Venture Capital." Memphis is one of the dots on that map, which depicts the distribution of venture capital funding across the nation in the first six ...more »

Directors' & Officers' Liability
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Making Sense of Directors and Officers, and Employee Theft Insurance
Sun-Sentinel (blog)August 6, 2011

As a matter of law, directors cannot be sued for negligence – they can only be liable for gross negligence or intentional bad acts (an intentional tort or a criminal act). A D&O policy will not cover liability for gross negligence or intentional bad ...more »

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