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

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Court: School was Right to Ban "Islam is of the Devil" Shirts
Opposing ViewsNovember 1, 2011

... policy banning “clothing or accessories that ... denigrate or promote discrimination for or against an individual or group on the basis of age, color, disability, national origin, sexual orientation, race, religion, or gender” was constitutional. ...more »

Are city's pot co-ops still legal?
Record-Searchlight (blog)November 1, 2011

The closed-session agenda for tomorrow night's City Council meeting includes some discussion of "significant exposure to litigation": Closed session pursuant to Government Code Section 54956.9(b)(3)(A): CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED ...more »

Business Law News and Stories

Advertising
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Holding our own on the advertising front
NSBNEWS.netNovember 1, 2011

As the publishers and founders of NSBNews.net, launched April 7, 2008, Peter Mallory and I are proud to announce some major advertising partnerships with key businnesses in greater New Smyrna Beach, Edgewater and Oak Hill as we ...more »

Foreign Investments
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Zimbabwe: Entrepreneurship, Employment - Nation At Ideologial Crossroads
AllAfrica.comNovember 1, 2011

MDC-T, led by Prime Minister Morgan Tsvangirai, is promoting an "investment, jobs and upliftment" plan. This plan emphasises increased foreign direct investment so as to bolster domestic production, thereby creating jobs and boosting the Gross Domestic ...more »

Antitrust Law, Domestic
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Sri Lanka planned expropriation law under fire
Lanka Business OnlineNovember 1, 2011

Chandra Jayaratne, a retired business executive who is now active in campaigning for citizens liberties and just rule of law said the 'selective criteria' defined classifying underperforming and underutilized assets could be applied to many other ...more »

Franchising
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Boulder Takes First Step Toward Forming Municipal Utility
Renew GridNovember 2, 2011

This June, Xcel Energy presented a plan to the Boulder city council to help the city incorporate approximately 70% renewable energy within the first year of a new franchise agreement between the city and Xcel Energy. The deal consisted of the city ...more »

Gaming Law
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US states' answer to a weak economy: gambling
ReutersNovember 5, 2011

Maine will gauge support for a new casino and slot machines at two race tracks, known as "racinos", while New Jersey is seeking to overturn a federal law prohibiting sports betting. "When states experience economic hardship, they turn to gaming," said ...more »

Banking Law
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Visa, MasterCard Seek Fee Suit Dismissal Over Payment Issue
BusinessWeekNovember 2, 2011

Merchants such as D'Agostino Supermarkets Inc. in Larchmont, New York, and Collective Brands Inc.'s Payless ShoeSource in Topeka, Kansas, accuse Visa, MasterCard and the biggest US banks of violating antitrust laws by illegally inflating swipe fees, ...more »

Government Construction Contracts
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South African group awarded contract to build St Helena international airport
MercoPressNovember 4, 2011

The St Helena Government this week entered into a contract with South Africa's Basil Read (Pty) Ltd in the amount of £201.5 million for the design and construction of the airport, an additional up to £10 million in shared risk contingency, ...more »

Business Formation
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Zimbabwean Capital Churned by Violence, Troops Counter Chipangano Gang
Voice of AmericaNovember 1, 2011

Meanwhile, ZANU-PF youths from Mbare caused a commotion at the local magistrate's court on Monday after they detained and threatened two lawyers representing two men from the same suburb charged with committing homosexual acts. Lawyers Charles Kwaramba ...more »

Institutional Investing
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California law could help boost investment in emerging hedge fund managers
Hedge Funds Review MagazineNovember 1, 2011

The US state of California has signed a law requiring giant pension providers Calpers and Calstrs to increase investments in emerging alternative managers, including hedge funds. A new California law could create greater opportunities for emerging ...more »

Commercial
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Dubai widens jurisdiction of DIFC Courts
ArabianBusiness.comNovember 1, 2011

... following an overhaul of the Gulf emirate's commercial legal system. The Dubai Government on Monday widened the court's jurisdiction to allow companies based outside the tax-free business park to bring their cases before the common law court. ...more »

Law Offices of Howard G. Smith Announces Class Action Lawsuit Against ...
MarketWatch (press release)November 2, 2011

BENSALEM, Pa., Nov 01, 2011 (BUSINESS WIRE) -- Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of purchasers of the common stock of OmniVision Technologies, Inc. ("OmniVision" or the "Company") ...more »

Commercial Bankruptcy
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Concealed carry means businesses must be aware of legal risks of welcoming ...
FOX6Now.com MilwaukeeNovember 2, 2011

McKenna held three informational sessions, educating businesses on the law's impact on local stores. One aspect many businesses are still considering is the potential of facing a lawsuit. Take the extreme example that a person legally carrying a ...more »

Internal Investigative Services
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Guidance Software to Present at the 2011 Southwest IDEAS Investor Conference
MarketWatch (press release)November 7, 2011

... corporate and law enforcement organizations to conduct thorough, network-enabled, and court-validated computer investigations of any kind, such as responding to e-discovery requests, conducting internal investigations, responding to regulatory ...more »

Commercial Leasing
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Why timely due diligence is vital to real estate negotiations
Smart Business NetworkNovember 1, 2011

It's a common mistake that business owners make: waiting too long to address an expiring commercial real estate lease. Sometimes the time just gets away from them. In other situations, they might even think they can sign a quick renewal and be done ...more »

International Transactions
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The Players, The Transactions, The Contracts and the Legal Environment
Who's Who LegalNovember 2, 2011

The talent of these attorneys rests on their fluency in the language of international franchising – the players, the transactions, the contracts, and the legal environment. International franchising is alive and well notwithstanding daunting global ...more »

Communications & Media
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Legislators turn over 2200 documents in anti-discrimination case
First Amendment CenterNovember 1, 2011

Plaintiffs' attorneys are looking for communications the lawmakers may have had with lobbyists. The state measure was signed into law earlier this year and has been adamantly opposed by several large companies. The state law prohibits local governments ...more »

Chicago cemetery awaits new oversight law
WBEZNovember 2, 2011

So state lawmakers passed a bill that requires cemetery licensing and regulation. But the new cemetery oversight act hasn't gone into effect yet. Enforcement can't come soon enough for some people who live near the state's largest cemetery on Chicago's ...more »

Construction & Development
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Prominent Life Sciences Lawyer Joins King & Spalding
MarketWatch (press release)November 1, 2011

... King & Spalding's substantial litigation capabilities, Gina's regulatory and compliance experience and her client-focused approach further enhance our ability to handle the most challenging legal and enforcement matters for FDA-regulated companies. ...more »

Locating Funds
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Money launderers head crime hit list
Sydney Morning HeraldNovember 6, 2011

The law enforcement response to the growth in money laundering is also increasingly relying on new techniques, such as analysing offshore money movement to detect illicit funds. Another method is the commission's new fusion centre, established last ...more »

Contracts Involving State & Minicipality
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State College Council Members Fight Environmental Proposal, Cite Procedural ...
State College NewsNovember 1, 2011

The amendment would add an environmental bill of rights and a ban on commercial natural-gas drilling to the borough charter, the municipality's governing document. Groundswell PA, a local environmental-advocacy group, has led the charge for the ...more »

Mergers, Acquisitions & Divestitures
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CAE reports second quarter financial results for fiscal year 2012
MarketWatch (press release)November 10, 2011

... do not reflect the potential impact of any non-recurring or other special items or events that are announced or completed after the date of this news release, including mergers, acquisitions, or other business combinations and divestitures. ...more »

Corporate Finance & Taxation
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Law and Order
STLtoday.comNovember 1, 2011

LOUIS > Man admits pyramid scheme — Richard Saunders, 64, pleaded guilty Monday in federal court here of wire fraud and tax evasion, admitting he operated a pyramid investment scheme that netted him more than $4 million. Saunders, formerly of St ...more »

Mortgages & Foreclosures
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Inside "Cash for Keys": Banks pay squatters in easily manipulated system
KSBY San Luis Obispo NewsNovember 10, 2011

Key factors in allowing squatters to get bank payouts include federal and state laws intended to protect legitimate homeowners and tenants during the foreclose process (particularly those enacted after the mortgage crisis); local law enforcement ...more »

Creditor's Rights
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Bankruptcy judge rejects competing reorganization plans in Tribune Co. case
Washington PostNovember 1, 2011

s plan to emerge from bankruptcy protection, along with a rival plan from dissident creditors. Judge Kevin Carey said in a 126-page ruling that he may appoint a trustee to help end the 3-year-old case if the media conglomerate cannot come up with an ...more »

Non-Profit Corporations
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Detrex Corporation Reports Increased Profit for Third Quarter of 2011
MarketWatch (press release)November 3, 2011

Statements included in this press release that are not historical in nature are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "1995 Act"). The words "believe," "expect," "anticipate," ...more »

Customs Disputes
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Local gun dealers: New regulation has little effect
Jacksonville Daily ProgressNovember 2, 2011

The program came to light after two assault rifles purchased by a now-indicted small-time buyer under scrutiny in the operation turned up at a shootout in Arizona where Customs and Border Protection agent Brian Terry was killed. ...more »

Professional Corporations
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Capital Markets Partner Tony Jacobsen Joins Sidley Austin, Shanghai
MarketWatch (press release)November 1, 2011

Sidley was also named the USNews -- Best Lawyers "Law Firm of the Year" in both Corporate Law and Securities Regulation in the 2011/12 survey (the first year of such designations). BTI, a Boston-based research and consulting firm, has named Sidley as ...more »

Debt Collection
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Law Offices of John F. Williams, Jr. Offers Bankruptcy Protection in Frisco TX
WiredPRNews.com (press release)November 2, 2011

Our Frisco TX bankruptcy attorneys will be by your side every step of the way. The Law Offices of John F. Williams, Jr. specialize in bankruptcy law, estate planning, probate, business planning, and family law such as guardianship and adoption. ...more »

Public Offerings
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Attorney General Madigan, State's Attorney Herrmann Sue Railroad Over Cleanup ...
eNews Park ForestNovember 1, 2011

Attorney General Lisa Madigan and Bureau County State's Attorney Patrick Herrmann yesterday filed suit alleging environmental violations occurred in the aftermath of the October 7 derailment near Tiskilwa in which nine tank cars transporting ethanol ...more »

Debt Settlement
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Butler Rubin Named Among Best Law Firms in U.S. News Media Group and Best ...
Business Wire (press release)November 1, 2011

US News also ranked Butler Rubin as a Tier 2 “Best Law Firm” in the areas of arbitration, commercial litigation and bankruptcy/reorganization. Best Lawyers named eight Butler Rubin attorneys as leaders in their fields: Louis J. Aurichio (Insurance Law) ...more »

Reorganizations & Restructuring
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Airforce restructure will hurt Utah
ABC 4November 2, 2011

HILL AIR FORCE BASE, Utah (ABC 4 News) - Hill Air Force Base announced on Wednesday that they are restructuring and reorganizing three of their Air Logistics Centers across the country. Part of that restructure is going to take place at the Ogden Air ...more »

Directors' & Officers' Liability
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Ironshore Australia Launches Affirmative Defense Cost
Insurance JournalNovember 1, 2011

Ironshore Australia has enhanced its professional liability policies for defense cost coverage in response to the recent decision of the High Court of New Zealand. Ironshore Australia insurance solutions are tailored to provide affirmative defense cost ...more »

State & Minicipal Bonds
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Huron Consulting Group Adds Huron Legal Managing Director
MarketWatch (press release)November 2, 2011

Feliciano will help Huron Legal clients manage costs through improved strategy and business efficiencies, and provide e-discovery and document review solutions to address their complex business needs. "Legal departments and law firms are under ...more »

False Advertising
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The Law Firm of Weiss & Lurie Investigates Interclick, Inc.
MarketWatch (press release)November 1, 2011

... fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at info@weisslurie.com or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/ . ...more »

Trade Associations
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California's new green tax
Victorville Daily PressNovember 2, 2011

“There is a trade-off between climate-change policies and competitiveness,” concludes a recent EU commission report. “Europe cannot act alone in an effort to achieve global decarbonization.” But evidently high-minded California with 2.1 million people ...more »

Federal Contracts
[read all news]
Energy Department often fails to vet contractor past performance, watchdog finds
GovExec.comNovember 1, 2011

The report notes that the Federal Acquisition Regulation and the Code of Federal Regulations require such contractor vetting, and that both the Government Accountability Office and the Office of Management and Budget have urged such precautionary ...more »

Unfair Competition
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Michigan TPA Code of Conduct Bill Moves Forward
glassBYTEsNovember 3, 2011

"The issue for small business is unfair competition by exclusive contracting," says NFIB state director Charlie Owens. "The vast majority of auto glass replacement and repair is paid for by auto insurance companies. When a single entity or group of ...more »

Federal Grants
[read all news]
College costs shift to families
Annapolis CapitalNovember 1, 2011

Low-income students got some relief in expanded Pell Grants, and a massive increase in tuition tax credits has disproportionately benefited families earning over $100000. Middle-class families have borne the brunt. Frustrations over high student debt ...more »

Venture Capital
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Relationships play key role in venture capital
Seacoastonline.comNovember 7, 2011

Like angel investors, venture capital firms invest in businesses that have high growth potential. They are also similar to angel investors as they provide equity financing and don't recoup their investment until the company is sold ...more »

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