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

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Premier Service Bank Announces Financial Results for the Third Quarter of 2011
MarketWatch (press release)November 1, 2011

In the Bank's lawsuit against the FDIC, as receiver for 1st Centennial Bank, and against certain former officers of 1st Centennial Bank and 1st Centennial's director and officer liability insurance carrier, the Bank negotiated a settlement, ...more »

US Labor Department to begin campaign against violations in Georgia
The Augusta ChronicleNovember 1, 2011

... child labor and overtime laws. Al Villoch, a community outreach specialist with the department, said the agency will conduct visits to businesses all over Georgia from November through April, focusing on franchise restaurants. ...more »

Business Law News and Stories

Advertising
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Appleby Law PLLC Selected as "Law Firm of the Year" in Native American Law
MarketWatch (press release)November 1, 2011

ALEXANDRIA, Va., Nov 01, 2011 (BUSINESS WIRE) -- Appleby Law PLLC, an Alexandria, Virginia law firm founded on Nancy J. Appleby's 30-plus years of success at helping clients develop business opportunities on Native American lands, has received an ...more »

Foreign Investments
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CBRE Group's CEO Reviews Completion of ING Real Estate Investment Management ...
Seeking AlphaNovember 2, 2011

Except to the extent required by applicable securities laws, we undertake no obligation to update or publicly revise any of the forward-looking statements that you may hear today. Please refer to our third-quarter earnings report filed on Form 8-K, ...more »

Antitrust Law, Domestic
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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 »

Franchising
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Preti Flaherty Ranked Among 2011-2012 “Best Law Firms” by US News & World ...
PR Web (press release)November 1, 2011

Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, Corporate Law and Municipal Law. Banking and Finance Law, Commercial Litigation, Construction Law, Corporate Law, Employment Law – Management, Franchise Law, Health Care Law, ...more »

Gaming Law
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Shorewood seeks residents' views on video gambling
Chicago Sun-TimesNovember 9, 2011

Trustee Dan Gron on Tuesday urged the board to start a conversation with residents regarding a 2009 law passed by the Illinois General Assembly that taxes video gambling for the first time. The state implemented the tax as a mechanism to fund a $31 ...more »

Banking Law
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'Robo-Signing' Prompts New Foreclosure Reviews
Wall Street Journal (blog)November 1, 2011

... thrust into foreclosure in violation of a federal law that bans such actions. Democrats on Capitol Hill and consumer advocates have questioned the regulators' decision to allow banks to hire their own consultants to conduct foreclosure reviews. ...more »

Government Construction Contracts
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United States DoD contracts for October 31, 2011
defproNovember 1, 2011

MEB General Contractors, Chesapeake, Va., is being awarded a $7971000 firm-fixed-price contract for the construction of the bulk storage and distribution facility at Joint Base Andrews Naval Air Facility Washington. The work to be performed provides ...more »

Business Formation
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The Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of ...
MarketWatch (press release)November 1, 2011

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters. Powers Taylor, LLP is a boutique litigation law firm that ...more »

Institutional Investing
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Bunge to Invest in Palm Plantation Company
PR Newswire (press release)November 1, 2011

The forward-looking statements included in this release are made only as of the date of this release, and except as otherwise required by federal securities law, we do not have any obligation to publicly update or revise any forward-looking statements ...more »

Commercial
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Seven Branscomb PC Attorneys Named on “The Best Lawyers in America's 2012” List
PR Web (press release)November 2, 2011

We would like to congratulate each Branscomb PC attorney that was selected as Best Lawyers 'Lawyer of the Year' for 2012.” Branscomb PC is an 18-member business law firm with offices in Corpus Christi and Austin, Texas. The firm works collaboratively ...more »

Why Parents Lie to Let Kids Join Facebook
New York Times (blog)November 3, 2011

The Children's Online Privacy Protection Act (COPPA) was designed to protect children from that kind of exposure. Enacted by Congress in 1998, it limits the amount of information any site can collect from kids under 12. Among other things, it requires ...more »

Commercial Bankruptcy
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Source Consulting Group LLC Releases Results of 2011 Finance Operations Survey ...
MarketWatch (press release)November 1, 2011

CHICAGO, Nov 01, 2011 (BUSINESS WIRE) -- Source Consulting Group LLC ("Source") announced today the results of its 2011 Finance Operations Survey of law firms. The Survey provides legal and professional service firms with industry benchmark and ...more »

Internal Investigative Services
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White House To Face Subpoenas On Solyndra
KPRC HoustonNovember 3, 2011

The House Energy and Commerce Committee's subcommittee on oversight and investigations voted 14 to 9 in favor of issuing the subpoenas for internal documents regarding the decision to issue more than half a billion dollars in federal loan guarantees in ...more »

Commercial Leasing
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CIT Appoints Vincent Belcastro Group Head Of CIT Capital Equipment Finance
TheStreet.com (press release)November 1, 2011

... Group Head of CIT Commercial & Industrial. “CIT has a long history as being a leader in middle market equipment financing,” said Mr. Belcastro. “Our team will provide financial solutions for the purchase and lease of large ticket equipment, ...more »

International Transactions
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Labour law, economics and the statutory right to strike
ABC OnlineNovember 6, 2011

To explore the question further in the Australian context, it is necessary to go back a few years – before 1993 - when federal industrial relations law was made under Section 51(xxxv) of the Constitution – the Conciliation and Arbitration power. ...more »

Communications & Media
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Sullivan Election Office to explain photo requirement for voting
Kingsport Times NewsNovember 1, 2011

BLOUNTVILLE — A town hall-style meeting on Tennessee's new law requiring photo identification to vote will be held at 2 pm today at the Sullivan County Election Office. The meeting is part of a statewide get-the-word-out effort at county ...more »

Flexera to Tag Apps on IBM i for Usage Monitoring, License Audits
IT JungleNovember 7, 2011

But the BSA has made some enemies in the world, too, and there's the question of how much time and money law-abiding organizations should spend to prove their innocence. To some extent, however, weathering software licensing audits has already become a ...more »

Construction & Development
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Lawyer Conflicts, 'Minimum Life,' China Banks: Compliance
BusinessWeekNovember 1, 2011

Banks may win new trading business in the region's energy industry from utilities because of the tighter restrictions, Foresti said. “Heavy capital requirements deriving from the Capital Requirements Directive” may result in fewer buyers and sellers ...more »

Locating Funds
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Lexington receives domestic violence grant
NECNNovember 2, 2011

(AP) — Lexington is receiving $400000 in federal funds to increase arrests in domestic violence cases, and a prosecutor said it would help implement a law named for a local woman killed by a former lawmaker. Officials announced the US Justice ...more »

Contracts Involving State & Minicipality
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Federal Labor Law Violations Provoke Teamsters Strike at US Foods
Sacramento BeeNovember 1, 2011

More recently, the company agreed to a $30 million settlement with the Department of Justice in the face of charges that it fraudulently overcharged the Department of Defense and Veterans' Administration under contracts to supply American servicemen ...more »

Mergers, Acquisitions & Divestitures
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AT&T, T-Mobile Merger Review May Extend Past DoJ's Trial Date: Analyst
International Business TimesNovember 8, 2011

... analyst has said that the Federal Communications Commission (FCC) chairman may be positioning to send the AT&T / T-Mobile USA merger to an Administrative Law Judge (ALJ) Review ahead of Dept. of Justice (DoJ) court action, which is unprecedented. ...more »

Corporate Finance & Taxation
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Do you care how the city spends your tax dollars? — YOUR CITY COLUMN
Sault StarNovember 1, 2011

In setting the annual budget, the city's finance department determines anticipated expenses, deducts the revenue it expects to receive, to arrive at an amount to be raised from property taxation. This amount is divided by total property assessment to ...more »

Mortgages & Foreclosures
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Halt on foreclosure cases sought
Buffalo NewsNovember 5, 2011

The NYSFDB argues the effective date is a “no-later-than” date, and asks whether the Baum firm will be in compliance as of the start of business hours on Monday. “The larger issue is the pattern of questionable conduct displayed by the Baum law firm ...more »

Creditor's Rights
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Judge rejects both reorganization plans for Tribune
Crain's Chicago BusinessNovember 1, 2011

LP Hedge fund Aurelius Capital Management LP, which bought Tribune debt on the market, and creditor trustees Deutsche Bank & Trust Co., Law Debenture Trust Co. of New York and Wilmington Trust Co. backed the rival plan. These creditors held debt issued ...more »

Non-Profit Corporations
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Cain to Review Links to a Nonprofit
New York TimesNovember 3, 2011

The internal documents from Prosperity USA suggest that the group, a nonprofit organization, effectively subsidized some early costs of Mr. Cain's presidential bid. Such expenditures would violate federal election and campaign laws, which prohibit ...more »

Customs Disputes
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Malaysia court rules against student politics ban
The AustralianNovember 1, 2011

Students have long campaigned for a repeal of the 1971 Universities and University Colleges Act (UUCA), which bars them from joining political parties and trade unions, saying the ban violates human rights and free speech. Malaysia's Court of Appeal ...more »

Professional Corporations
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Proformative Unveils Ratings and Reviews for Business by Businesspeople
MarketWatch (press release)November 1, 2011

Proformative Business Reviews debuts with ratings and reviews on corporate service providers in tax, audit, corporate law, facilities, banking, insurance, technology, HR, logistics and other business areas. Proformative Business Reviews is available at ...more »

Debt Collection
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Shining spotlight on solar panel bankruptcy
Washington TimesNovember 1, 2011

The White House's half-billion-dollar loan to a now-bankrupt solar-energy firm is just the first act in an emerging scandal of insider political influence over a deeply flawed clean energy program. What has come to light so far as part ...more »

Public Offerings
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Highwood resident explains decision to leave state's attorney race for shot at ...
TribLocalNovember 1, 2011

Highwood resident Scott Drury said he dropped out of the Lake County state's attorney race to seek the 58th District seat in the General Assembly because he thinks Springfield is where he can have ...more »

Debt Settlement
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PIMCO Launches Australia, Canada and German Bond Index ETFs
Marketwire (press release)November 1, 2011

These ETFs are designed to enable investors to capitalize on opportunities within three countries whose balance sheets and debt dynamics are currently well positioned to navigate the downside effects of slower global growth and ongoing national and ...more »

Reorganizations & Restructuring
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Bankruptcy Court Confirms Perkins & Marie Callender's Inc.'s Plan of ...
PR Newswire (press release)November 1, 2011

... of its restructuring process, the Company will be majority controlled by private investment funds managed by Wayzata Investment Partners LLC, a Minnesota-based private equity firm. Additional information about the Company's reorganization, ...more »

Directors' & Officers' Liability
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Liability: Banks refuse to pay out to protect clients
Financial TimesNovember 1, 2011

“There has been a noticeable increase in account takeovers that result in fraudulent transfers from the victim's account to an account under the control of the perpetrator,” AT Smith, assistant director of the US Secret Service, testified in September ...more »

State & Minicipal Bonds
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Biz deadline delayed due to Ala. immigration law
Washington ExaminerNovember 4, 2011

The new law requires individuals and general partnerships going to get or renew their annual business and store licenses to show a driver's license, birth certificate or similar document. The law has caused long lines at some courthouses, ...more »

False Advertising
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Some Question Legoland's Offerings for Younger Children
The LedgerNovember 1, 2011

I think it's kind of false advertising to say, 'We cater to kids 2 to 12.' " "We are dedicated to entertaining families with children ages 2 to 12 at Legoland Florida. We know that with a little imagination and planning all of our guests will find ...more »

Trade Associations
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UN Body Urges Europe to Omit Foreign Airlines From CO2 Curbs
BusinessWeekNovember 4, 2011

Carriers including American Airlines Inc. and United Continental Inc. are already challenging the law in an EU court, and China's airline association said earlier this year the European initiative may prompt trade conflict. The ICAO council backed a ...more »

Federal Contracts
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Florida Disbars 12 Attorneys
North Country GazetteNovember 1, 2011

(Admitted to practice: 1973) McNerney pleaded guilty in court to conspiracy to commit mail and wire fraud, a felony. William Timothy O'Toole, 1489 W. Palmetto Park Road, Suite 494, Boca Raton, suspended until further order, following a July 25 court ...more »

Unfair Competition
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Former teacher claims discrimination
San Mateo Daily JournalNovember 8, 2011

Claiming age and national origin discrimination, a former Ronald Wornick Jewish Day School employee is suing the school, head of school and board president on 13 counts related to wrongful termination, according to the lawsuit. ...more »

Federal Grants
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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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Future Venture Capital <8462.OS>-6mth group
ReutersNovember 10, 2011

Nov 10 (Reuters) - FUTURE VENTURE CAPITAL CO LTD CONSOLIDATED FINANCIAL HIGHLIGHTS (in billions of yen unless specified) 6 months ended 6 months ended Full year ended Sep 30, 2011 Sep 30, 2010 Mar 31, 2011 LATEST YEAR-AGO YEAR-AGO H1 RESULTS H1 RESULTS ...more »

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