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

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Craigslist becoming more popular for scammers
WDAYNovember 1, 2011

Last year The Internet Crime Complaint Center-an FBI partner-received 328 complaints in North Dakota, about 9% of that related to computer crimes. Seller beware. Scam artists are targeting people who sell on Craigslist. As a consumer credit counselor, ...more »

US Scores Victory in H&R Block Merger Case
Wall Street JournalNovember 1, 2011

US District Judge Beryl Howell in Washington said the merger can't proceed because it would violate US antitrust law. Details of the judge's ruling aren't publicly available yet because Ms. Howell sealed the opinion temporarily to protect the parties' ...more »

Business Law News and Stories

Advertising
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Keating Muething & Klekamp Receives National Recognition in "Best Law Firms ...
MarketWatch (press release)November 1, 2011

CINCINNATI, Nov 01, 2011 (BUSINESS WIRE) -- US News Media Group and Best Lawyers(R) released the 2011-12 Best Law Firms rankings in which Keating Muething & Klekamp PLL (KMK(R)) received three national rankings and 28 first tier metropolitan rankings. ...more »

Foreign Investments
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Private investment can help fund rapid digitisation of cultural works ...
Out-Law.comNovember 1, 2011

The Commission wants EU member states to conduct a consultation on the implementation of new laws on 'orphan works' prior to the laws being adopted "in order to facilitate a rapid implementation". In May the Commission proposed a new Directive ...more »

Antitrust Law, Domestic
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Businesses react to concealed carry law
Milwaukee Small Business Times (blog)November 1, 2011

Wisconsin's concealed carry law goes into effect today, and businesses must decide whether to allow employees, customers and vendors to carry handguns and other small weapons. Wisconsin businesses that take no action will by default ...more »

Franchising
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Why 2011 Marked Start of a Dynasty for Saint Louis Cardinals
Bleacher ReportNovember 2, 2011

No matter whom the Cardinals hire to replace La Russa, this franchise is built for long-term success. Its farm system provides plenty of depth at all positions, including pitcher, for when the current veterans retire or are not re-signed. ST . ...more »

Gaming Law
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Online Gambling Needs Clear Regulation
ADOTASNovember 1, 2011

... Manufacturing, and Trade recently convened a hearing to explore the possibility of regulated federal Internet gambling, and what such regulation would entail. In 2006, Congress passed the Unlawful Internet Gambling Enforcement Act (the “Act”) which ...more »

Banking Law
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Bank robbery suspect nabbed on third heist
Pittsburgh Post GazetteNovember 1, 2011

Court records show Mr. Schell has several robberies in his past. Most recently, he pleaded guilty to robbery in September 2010 and was sentenced to up to 23 months in prison followed by seven years probation. He pleaded guilty to the same crime in 2006 ...more »

Government Construction Contracts
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Energy stimulus program a mess, official says
San Francisco ChronicleNovember 2, 2011

A Washington, DC construction contractor, Brett McMahon with Miller & Long, cast doubt on claims of green jobs created, saying there is no difference between a plumber who installs a water-saving, low-flow toilet and a plumber who installs a standard ...more »

Business Formation
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Businesses donate $750000 to Erie's Little Italy housing effort
GoErie.comNovember 1, 2011

Reducing crime by increasing participation in the local neighborhood-watch program and installing security cameras and software throughout the neighborhood. - Developing a business recruitment plan and partnerships that sustain existing businesses, ...more »

Institutional Investing
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Cole-Frieman & Mallon Llp Launches Alternative Mutual Fund Practice
San Francisco Chronicle (press release)November 1, 2011

"Few law firms with hedge fund practices have the necessary '40 Act expertise to advise on the unique regulatory and structural requirements of alternative mutual funds," said Darren Day, Managing Director at Concept Capital Markets, LLC, ...more »

Commercial
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Law Offices of Howard G. Smith Announces Class Action Lawsuit Against HCA ...
Bradenton HeraldNovember 1, 2011

Specifically, the Complaint alleges that the Registration Statement and Prospectus failed to disclose that: (a) the Company improperly accounted for its prior business combinations in violation of Generally Accepted Accounting Principles, ...more »

Law Office of Brodsky & Smith, LLC Announces Investigation of INX, Inc.
MarketWatch (press release)November 2, 2011

The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of INX for not acting in the INX shareholders' best interests in connection with the sale process to Presidio. ...more »

Commercial Bankruptcy
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International Business Law Thrives as Other Areas of Law Languish
PR Newswire (press release)November 1, 2011

According to Mr. Cueto, "international business law has, up to now, been a niche practice for a handful of highly-specialized law firms. However, as more businesses recognize the growth potential in doing business overseas, the practice area has ...more »

Internal Investigative Services
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Long Beach PD's News Release on Zerby Probes
Patch.comNovember 4, 2011

The police department released a lengthy summation of its internal investigation and those of DA and Coroner into the death of Doug Zerby in Belmont Shore. Here it is. By Nancy Wride The pistol-gripped garden hose nozzle that police chief Jim McDonnell ...more »

Commercial Leasing
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10-Q: MB FINANCIAL INC /MD
Middle East North Africa Financial NetworkNovember 1, 2011

As of September 30, 2011, the Company had $6 thousand of accrued interest related to tax reserves. The application of income tax law is inherently complex. Laws and regulations in this area are voluminous and are often ambiguous. ...more »

International Transactions
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Capital Markets Partner Tony Jacobsen Joins Sidley Austin, Shanghai
EON: Enhanced Online News (press release)November 1, 2011

SHANGHAI--(EON: Enhanced Online News)--International law firm Sidley Austin LLP is pleased to announce that Anthony (Tony) Jacobsen has joined its Shanghai office as a partner, effective November 1, 2011. “We anticipate that China-based clients will ...more »

Communications & Media
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Taking criminal justice resources into the wild
GCN.comNovember 1, 2011

Checking criminal records and vehicle registrations are routine tasks for state and local police, who have access to state, national and international databases through the National Law Enforcement Telecommunications System. ...more »

NASA Notice of intent to grant exclusive license: Ultora, Inc. (2)
Space Ref (press release)November 2, 2011

... the contemplated exclusive license. Objections submitted in response to this notice will not be made available to the public for inspection and, to the extent permitted by law, will not be released under the Freedom of Information Act, 5 USC 552. ...more »

Construction & Development
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Business as usual at Supreme Court
The Swazi ObserverNovember 3, 2011

They claimed that the Judges of the Supreme Court of Appeal had also nailed their mast to the rule of law coffin in Swaziland. Whilst lawyers were locked out of the High Court premises by police, the Chief Justice walked the talk by continuing to hear ...more »

Locating Funds
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Bishops, the White House and Sweeping Charges of Anti-Catholicism
Huffington PostNovember 5, 2011

Dozens of Catholic groups also have objected in recent weeks to a proposed HHS mandate -- issued under the health-care law -- that would require private insurers to provide women with contraceptive coverage without charge. On the trafficking contract, ...more »

Contracts Involving State & Minicipality
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Citigroup Finds Obeying the Law Is Too Darn Hard: Jonathan Weil
BusinessWeekNovember 3, 2011

It gets worse: Each time the SEC settled those earlier fraud cases, Citigroup asked the agency for waivers that would let it go about its business as usual. (This is standard procedure for big securities firms.) The SEC granted those requests, ...more »

Mergers, Acquisitions & Divestitures
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Brooks Automation CEO Discusses F4Q 2011 Results - Earnings Call Transcript
Seeking AlphaNovember 11, 2011

The difficult market environment and the complexity of transitions with both acquisitions and divestitures rounded out a very successful year that you see summarized on slide number seven. We grew revenue by 16% to $688.1 million. ...more »

Corporate Finance & Taxation
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Greenhouse-gas tax could inflate airfares
Tucson CitizenNovember 1, 2011

“This ill-conceived EU aviation tax scheme is a violation of international law.” The debate will play out over the next few months. A European court will decide whether the program should proceed. If successful, Europe could forge ahead despite ...more »

Mortgages & Foreclosures
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Bankruptcy made easier: Appeals court decision allows stripping of second ...
Pioneer PressNovember 14, 2011

The ruling led to Fisette's appeal, and - two months ago - an appellate panel in the 8th Circuit disagreed with the bankruptcy court and let Fisette's filing go through. The appellate panel of six judges noted that bankruptcy laws don't bar the ...more »

Creditor's Rights
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MF Global Files Bankruptcy as Broker-Dealer Unit Liquidates
BusinessWeekNovember 1, 2011

The firm listed debt of $39.7 billion and assets of $41 billion in Chapter 11 papers filed yesterday in US Bankruptcy Court in Manhattan. MF Global's board met through the weekend to consider options including sale, a person with direct knowledge of ...more »

Non-Profit Corporations
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Corporate funding of shale studies at universities raises alarms
Pittsburgh Post GazetteNovember 7, 2011

Under the law, the four schools have to disclose only the salaries of their highest-paid employees and portions of their nonprofit tax form. The exemption to the law angered Barry Kauffman, executive director of Common Cause Pennsylvania, a nonpartisan ...more »

Customs Disputes
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POLITICAL HOT TOPICS: Tuesday, November 1, 2011
CNN (blog)November 1, 2011

Libya's transitional government picked an engineering professor and longtime exile as its acting prime minister Monday, with the new leader pledging to respect human rights and international law. The Arab League has called on Syria's government to end ...more »

Professional Corporations
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MF Global Investors Seek Clarity, as Questions Persist About Accounts
WNYCNovember 3, 2011

Days after the financial firm led by former New Jersey Governor Jon Corzine filed for bankruptcy, some clients are still unable to access their commodities accounts. Days after the financial firm led by former New Jersey Governor Jon ...more »

Debt Collection
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Gigantic bankruptcy leaves future of former New Jersey Gov. Jon Corzine at risk
New York Daily NewsNovember 1, 2011

Now he's in the throes of one of the largest bankruptcy filings in US history. The curtain on the third act of ex-Jersey Gov. Jon Corzine, 64, came down with a thud Monday as the Wall Street firm he took over just a year ago filed for bankruptcy. ...more »

Public Offerings
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Florida prison privatization decision appealed
BusinessWeekNovember 1, 2011

Attorney General Pam Bondi is appealing a court ruling that struck down a Florida prison privatization plan. Bondi's filing on Monday came just hours after Gov. Rick Scott's office said the state would not appeal. ...more »

Debt Settlement
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Harrisburg Bankruptcy Judge Tells Vendors City Can Pay Them
BusinessWeekNovember 1, 2011

US Bankruptcy Judge Mary D. France agreed today to issue what she called a “comfort order” requested by Mayor Linda Thompson stating that federal bankruptcy law allows the city to pay its routine bills without the court's special permission. ...more »

Reorganizations & Restructuring
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French drugmaker Sanofi reorganizing US research around hubs, trimming drug ...
Washington PostNovember 2, 2011

The research reorganization is part of CEO Chris Viehbacher's long-term plan to restructure early drug testing and later-stage patient testing around hubs in different countries, including France and Germany. Company employees were notified at meetings ...more »

Directors' & Officers' Liability
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Role of company's director in corporate governance
Times of SwazilandNovember 1, 2011

The misuse of information by the director could constitute unfair competition, especially if the information has economic value and disclosure of such information will be prejudicial to the company. Therefore an act of a director engaging in ...more »

State & Minicipal Bonds
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Legal Requirements for Doing Business | Location Canada
Area Development OnlineNovember 2, 2011

In the province of Quebec, a corporation must have either a bilingual name or a French version of its name, unless the name is a registered trademark. Meetings of the directors of both federal and, for example, Ontario corporations, may be held either ...more »

False Advertising
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Law Offices of Howard G. Smith Announces Class Action Lawsuit Against HCA ...
Bradenton HeraldNovember 1, 2011

Specifically, the Complaint alleges that the Registration Statement and Prospectus failed to disclose that: (a) the Company improperly accounted for its prior business combinations in violation of Generally Accepted Accounting Principles, ...more »

Trade Associations
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Law amendments passed to set up red light districts
eTaiwan NewsNovember 4, 2011

4 (CNA) Controversial law amendments that pave the way for the establishment of red light districts in Taiwan cleared the legislative floor Friday. Under the amendments, local governments are allowed to set up districts where the sex trade is permitted ...more »

Federal Contracts
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Feds: Deal to former Mullin deputy is 'undue enrichment'
The Detroit NewsNovember 2, 2011

The report also identified a "conflict of interest" between HYPE and the Hennessey Group, which provided engineering work for HYPE and also has a contract with the county to monitor federal Neighborhood Stabilization Program. The money to build HYPE is ...more »

Unfair Competition
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Learn from Solyndra, Deregulate the Energy Market
Huffington Post (blog)November 3, 2011

While electricity providers will be free to offer whatever rates they choose, they will be forced to operate in a competitive environment, and unfair practices would continue to be monitored by state public utility commissions. ...more »

Federal Grants
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US judge changes Rajaratnam's prison date to Dec. 5. Full Article
Reuters IndiaNovember 1, 2011

The case is USA v Raj Rajaratnam et al, US District Court for the Southern District of New York, No. 09-01184. (Reporting by Grant McCool; Editing by Phil Berlowitz) Galleon hedge fund founder Raj Rajaratnam departs Manhattan Federal Court after his ...more »

Venture Capital
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Venture capital chasing next big companies
NorthJersey.comNovember 6, 2011

When One On One Ads, a technology start-up in Mahwah, needed new financing, Arnon Scheflan sought out venture capital. Arnon Scheflan, president and CEO of One On One Ads, was able to line up a $1 million investment from OmniCapital, ...more »

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