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

Top Picks in News

US could pay pension bill for AMR as it restructures: report
ReutersDecember 1, 2011

Tom Horton, the new chief executive of American Airlines and its parent company AMR said the fact the company had filed for Chapter 11 bankruptcy protection did not mean its pension plans would definitely move to the PBGC, but he signaled it was a real ...more »

Food poisoning cases haven't cut appetite for 'yakiniku' raw meat cuts
The Japan TimesDecember 1, 2011

Even the risk of fatal food poisoning isn't enough to stop some diehard customers of "yakiniku" grills from ordering raw meat dishes. Handle with care: An employee at a "yakiniku" grillroom shows a plate of "yukke" shredded uncooked beef ...more »

Business Law News and Stories

Advertising
[read all news]
Citizant Hires Van Kirstein as Director of Business Development for DHS
MarketWatch (press release)December 1, 2011

Kirstein's major accomplishments include selling one of the five largest federal government contracts in EDS/HPES history, as well as selling $1.1 billion in total contract value in a five-year period. He also previously held management positions at ...more »

Foreign Investments
[read all news]
Pak provides investors friendly climate: PM
Pakistan ObserverDecember 1, 2011

Pakistan offers tremendous opportunities for foreign direct investments and joint ventures in infrastructure development; electricity generation, agricultural based industries, insurance and real estate. Being a huge market Pakistan on the back of 180 ...more »

Antitrust Law, Domestic
[read all news]
Supreme Court rejects Bridgeport antitrust case
NewsdayDecember 3, 2011

Click here Supreme Court rejects Bridgeport antitrust case Originally published: December 2, 2011 10:01 AM Updated: December 2, 2011 3:21 PM By The Associated Press STEPHANIE REITZ (Associated Press) (AP) -- A Connecticut real estate developer has lost ...more »

Franchising
[read all news]
Jaguars Buyer Had His Eye on Ownership of a Franchise
New York TimesDecember 1, 2011

Shahid R. Khan, who has an agreement to buy the Jacksonville Jaguars for $760 million, with his wife, Ann Carlson Khan. By RICHARD SANDOMIR Shahid R. Khan, who agreed this week to acquire the Jacksonville Jaguars, has coveted an NFL team for several ...more »

Gaming Law
[read all news]
Relative of US Rep. John Tierney and co-defendant both guilty in Internet ...
Boston.comDecember 5, 2011

Daniel Eremian leaves US District Court in Boston today after being convicted of racketeering in connection with an Internet gambling case. By Milton J. Valencia, Globe Staff Daniel Eremian, brother-in-law of US Representative John Tierney, ...more »

Banking Law
[read all news]
Milton Man A Victim Of Fraud Despite Being In Another Country
Patch.comDecember 1, 2011

He contacted the IRS, which told him that someone had already filed his tax return for 2010 under his name and Social Security number. The victim assumes that someone has stolen his identity since he had not yet filed his taxes. On Nov. ...more »

Government Construction Contracts
[read all news]
China manufacturing contracts in November
The Associated PressDecember 1, 2011

SHANGHAI (AP) — China's manufacturing contracted in November for the first time since early 2009, as weak export orders and a slowing economy at home sapped demand for most products, a government survey shows. The China Federation of Logistics and ...more »

Business Formation
[read all news]
Goldman, Ally, Deutsche Bank, SocGen, Rajaratnam in Court News
BusinessWeekDecember 1, 2011

Patricia Millett, a lawyer for Rajaratnam, told the court his appeal presents a “substantial question of law” and said he's unlikely to flee to his native Sri Lanka before the appeal is decided. “His passport was surrendered ages ago. ...more »

Institutional Investing
[read all news]
Two more Scott Rothstein associates charged in massive scam
MiamiHerald.comDecember 1, 2011

William Boockvor, 66, of Deerfield Beach, was charged in federal court with conspiring with Rothstein by falsifying the law firm's trust account records that it held at Toronto Dominion Bank. Marybeth Feiss, 42, of Fort Lauderdale was charged with ...more »

Commercial
[read all news]
NY judge hears Internet poker arguments, but says it would be bad bet to ...
Washington PostDecember 1, 2011

He said Congress did intend to give a pass to cable companies, banks or Internet service providers in Internet gambling prosecutions unless they take a controlling role in gambling businesses. Frederick Hafetz, a lawyer for Campos, argued that Campos ...more »

The National Defense Authorization Act is illegal, Obama should veto it
Northern Voices OnlineDecember 4, 2011

The National Defense Authorization Act also allows military officials not to place a prisoner in the US criminal court system if it is in the interest of national security. People are at their wits ends by the new piece of legislation and a reader says ...more »

Commercial Bankruptcy
[read all news]
Meeting With Wife May Be Key To Future Of Cain Bid
SalonDecember 1, 2011

The complaint against Rafferty says he participated in the crimes with Beasley, who has not been charged in the Craigslist case. Beasley walked into court but later complained that he felt ill, and he was wheeled by deputies before the judge. ...more »

Internal Investigative Services
[read all news]
Justice Department Counters Claim That It Misled Congress in Gun Inquiry
New York TimesDecember 3, 2011

...internal communications” about the drafting of a February letter in an effort to show that agency officials did not knowingly mislead lawmakers in connection with a disputed gun trafficking investigation called Operation Fast and Furious. ...more »

Commercial Leasing
[read all news]
Deaths on U.S. Government Aircraft Exceed Commercial Toll
San Francisco ChronicleDecember 1, 2011

The FAA's guidelines describing when a flight is considered a government operation not subject to oversight are misleading and being rewritten, Karen Petronis, an agency lawyer, said today at the forum. Government aircraft fly about one-tenth as many ...more »

International Transactions
[read all news]
US Senate Approves New Sanctions Against Iran
RTT NewsDecember 2, 2011

The legislation authorizes the US administration to bar foreign financial institutions that engage in financial transactions with the Central Bank of Iran, thereby making it difficult for Tehran to sell its crude oil in the international market. ...more »

Communications & Media
[read all news]
Jersey forges links with Israel's technology and telecommunications industry ...
Businesslife.co (press release)December 2, 2011

Tim Ringsdore, MD of JT's Global Enterprise Division, said: “Having built close ties with China through our partnership with international telecommunications company UTStarcom (UTSI), we are now keen to secure new business in other regions. ...more »

UA revamps tech transfer
Inside Tucson BusinessDecember 9, 2011

The university then pays the researchers or professors who helped develop the licensed technology. The money also is shared with the academic departments that helped in the development. A federal law passed in 1980 called the Bayh-Dole Act prompted the ...more »

Construction & Development
[read all news]
Two more projects under scanner
DAWN.comDecember 1, 2011

ISLAMABAD, Nov 30: Opening yet another case against Islamabad's main civic agency, the Federal Investigation Agency (FIA) has started probe into the sale of plot and file processing for the construction of a five-star hotel in the city. ...more »

Locating Funds
[read all news]
A Good Reason to Buy High Premium Closed-End Funds?
Morningstar.comDecember 2, 2011

It's free money, due solely to the RIC Modernization Act. The passage of most bills into law unleashes unintended consequences. As the case of Cornerstone's revised DRIPs show, the RIC Modernization Act rewards investors in funds trading at a premium, ...more »

Contracts Involving State & Minicipality
[read all news]
Gensler updates Senate ag committee on Dodd-Frank
Futures MagazineDecember 1, 2011

Lastly, the Dodd-Frank Act maintains a company's ability to hedge particularized risk through customized transactions. To enhance market integrity, we finished an important rule Congress included in the Dodd-Frank Act giving the Commission more ...more »

Mergers, Acquisitions & Divestitures
[read all news]
Cohen & Grigsby Promotes Two Associates to Director Positions
Sacramento BeeDecember 7, 2011

7, 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 promotion of two of the firm's associates to the position of director: Jennifer Park ...more »

Corporate Finance & Taxation
[read all news]
New York Advises Lessee that Niche Walls, Wall Fittings, and Paneling are ...
PR Newswire (press release)December 1, 2011

1, 2011 /PRNewswire/ -- The New York State Department of Taxation and Finance ("Department") issued an advisory opinion providing that tenant-installed niche walls, wall fittings, and paneling are capital improvements, not subject to sales and use tax. ...more »

Mortgages & Foreclosures
[read all news]
Other cities show what bankruptcy might look like for Detroit
Detroit Free PressDecember 18, 2011

Under Michigan law, bankruptcy is a final option, a possibility only after an emergency manager named by the governor fails to balance the budget with the extraordinary powers he or she can use to break labor contracts and sell city assets. ...more »

Creditor's Rights
[read all news]
Madoff, MF Global Broker, Real Mex, Tousa, Borders: Bankruptcy
BusinessWeekDecember 1, 2011

20 hearing where Borders also hopes the bankruptcy court will confirm the liquidating Chapter 11 plan. The plan distributes assets in the order of priority called for in bankruptcy law. The disclosure statement says that unsecured creditors with $812 ...more »

Non-Profit Corporations
[read all news]
DAN MORAIN: 'One percenters' seek to give back
Modesto BeeDecember 1, 2011

She quit high-dollar corporate law and became a staff attorney at the NAACP Legal Defense and Educational Fund. In 1999, she and four friends, including civil rights lawyer Connie Rice, created the nonprofit Advancement Project. The organization, whose ...more »

Customs Disputes
[read all news]
Customs seizures of fake goods in transit can be based on suspicions of EU ...
Out-Law.comDecember 1, 2011

The ECJ made its ruling based on questions referred to it from two legal disputes, including a case that will be ruled on by the UK's Court of Appeal. The Court of Appeal asked the ECJ whether a customs authority can seize fakes if there is no evidence ...more »

Professional Corporations
[read all news]
ID Media Named a Four-Time Crain's "Best Places to Work in New York City"
Sacramento BeeDecember 6, 2011

... public relations, engineering, finance, hospitality and law. ID Media, in particular, is a company that excels at providing "no shortage of employee appreciation," the staff of Crain's New York Business said during a celebratory luncheon, ...more »

Debt Collection
[read all news]
Lawsuit seeks to stop welfare debt collection from children
abc7news.comDecember 1, 2011

Jamie H. of Riverside County is now a college student and she, too, got a demand letter to pay back benefits her family received when she was 16 years old. Her wages and tax refund are being garnished -- money she needs for school. ...more »

Public Offerings
[read all news]
Prosecutor questions why state agency didn't report child molestation complaint
The RepublicDecember 4, 2011

Both said the agency's mission is to protect children from abuse and neglect, and each case is different. "We make many referrals to law enforcement," said Hudson. Health and Human Services officials also said such agreements where allegations of child ...more »

Debt Settlement
[read all news]
PBGC could get biggest pension loss from American Airlines
Business InsuranceDecember 4, 2011

American's pension funding woes, experts say, also were exacerbated by an exemption from tougher funding rules that Congress passed in 2006 as part of the Pension Protection Act. Under that law, employers have to amortize plan liabilities over a ...more »

Reorganizations & Restructuring
[read all news]
Saab Administrator To End Restructuring Attempts
Wall Street Journal (India)December 7, 2011

AE) Wednesday said the administrator responsible for restructuring its troubled Swedish car maker Saab Automobile AB will abandon its reorganization plans. The company said that the administrator, Guy Lofalk, will apply to the Vanersborg district court ...more »

Directors' & Officers' Liability
[read all news]
Managing Social-Media Risks— A Critical Task for 2012
PropertyCasualty360December 1, 2011

For a price comparatively nominal to the cost of litigation, employers can purchase an employment-practices liability insurance policy (EPLI). An EPLI policy provides protection for the employer from the economic and noneconomic losses resulting from ...more »

State & Minicipal Bonds
[read all news]
Law Office of Brodsky & Smith, LLC Announces Investigation of Magma Design ...
MarketWatch (press release)December 3, 2011

BALA CYNWYD, Pa., Dec 02, 2011 (BUSINESS WIRE) -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Magma Design Automation, Inc. ("Magma" or the "Company") ...more »

False Advertising
[read all news]
Interesting timing on Zygi Wilf's $19M Park Avenue digs
MinnPost.comDecember 1, 2011

The score on those 36 is: five true, three mostly true, four half-true, seven mostly false, 14 false and three pants on fire. Then, just this past Sunday, PolitiFact rated another Walker claim — that most school districts have maintained staffs ...more »

Trade Associations
[read all news]
Lawmakers may be shielded from trading laws: Khuzami
FOX43.comDecember 1, 2011

Under a 1934 US law, a company insider may be guilty of fraud if he uses nonpublic, material information to trade in a way that is deceptive or violates a duty of loyalty. Lawmakers might not have the same duty as corporate employees, he said. ...more »

Federal Contracts
[read all news]
VA, House lawmakers spar over veteran-owned contracting program
FederalNewsRadio.comDecember 1, 2011

"The set-aside law provides that for purposes of meeting the Secretary's annual goals for contracting with VOSBs and SDVOSBs, the department shall set aside contracts for them if certain conditions are met." And Thompson quickly pointed to VA's success ...more »

Venture Capital
[read all news]
Notable venture capitalists
Washington PostDecember 2, 2011

Vinod Khosla, seen here at a biotech conference in Florida in March 2007, is the founding chief executive officer of Sun Microsystems and one of the world's most well-known venture capitalists, creating Khosla Ventures in 2004. He has invested millions ...more »

Federal Grants
[read all news]
House Republicans criticize White House for denying grant to Catholic group
Washington PostDecember 2, 2011

Issa argued Thursday that the potential for politics to determine who gets federal grants is the “more complicated issue.” “We must ensure that the grant process can never be called an earmark process based on ideology or political appointees' whims,” ...more »

Archive

Legal and Criminal News in 2013
Legal and Criminal News in 2012
Legal and Criminal News in 2011
Book of the Day in our Store
Share it on TwitterFacebook
Bringing Peace Into the Room: How the Personal Qualities of the Mediator Impact the Process of Conflict ResolutionBringing Peace Into the Room: How the Personal Qualities of the Mediator Impact the Process of Conflict Resolution
by
  • List Price: $35.00
  • Price: $28.94
  • You Save: $6.06 (17%)
from $24.23
View
Richard J ContiAttorney at LawPRACTICE AREA: Professional Malpractice, Insurance Litigation
Jerry D KizerAttorney at LawPRACTICE AREA: Professional Malpractice, Consumer Protection, Insurance Litigation