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

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Time Warner Trims Its Excesses
New York TimesNovember 1, 2011

To him, the company's corporate headquarters in the gleaming towers of the Time Warner Center is an “indulgence,” a giant reminder of past mistakes made by one of the world's largest media companies. “There was a burgeoning overhead reaching $500 ...more »

Conceal carry law starts Tuesday
Today's TMJ4November 1, 2011

Milwaukee County District Attorney John Chisholm is urging gun owners who get the permits to make sure they know the law before actually using their gun. "Before they can threaten to use force or actually use force, there's going to be serious ...more »

Business Law News and Stories

Advertising
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For the Second Straight Year, Sidley Receives the Most First-Tier National ...
MarketWatch (press release)November 1, 2011

NEW YORK & CHICAGO, Nov 01, 2011 (BUSINESS WIRE) -- Repeating its performance in the inaugural USNews -- Best Lawyers "Best Law Firms" survey, Sidley Austin LLP has once again received more first-tier national rankings than any other US law firm, ...more »

Foreign Investments
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Hong Kong Litigation: Why Quinn Isn't In
The American LawyerNovember 1, 2011

But don't expect the Am Law 100's most profitable litigation firm to launch a Hong Kong office anytime soon. "We looked into it," says John Quinn, managing partner of Los Angeles-based Quinn Emanuel Urquhart & Sullivan, who checked out the Hong Kong ...more »

Antitrust Law, Domestic
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America Movil, Telefonica, Iusacell Found Dominant by Mexico
BusinessWeekNovember 1, 2011

1 (Bloomberg) -- America Movil SAB, Telefonica SA and Grupo Iusacell SA are dominant in Mexico's market for completing mobile-phone calls, the nation's antitrust agency concluded, paving the way for tighter regulation of their fees. ...more »

Franchising
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La Russa retires, saying 'it's time'
STLtoday.comNovember 1, 2011

FILE - In this Oct. 30, 2011 file photo, St. Louis Cardinals manager Tony La Russa speaks during a victory celebration in honor of the Cardinals' 11th World Series in franchise history, in St. Louis. Three days after winning the World Series, ...more »

Gaming Law
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Attempted Seneca CEO Takeover Voided by Law, Porter remains as CEO
Indian Country Today Media Network.comNovember 14, 2011

Porter, a Harvard Law School graduate, served formerly as the Nation's general counsel. It also comes as the Nation is embroiled in conflict with New York state over cigarette taxes, a violation of the exclusivity provision of the Seneca's gaming...more »

Banking Law
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Nebraska National Bank in Kearney changing name
BusinessWeekNovember 1, 2011

The Kearney Hub reports (http://bit.ly/uMaee3) that in a letter to bank customers, Exchange Co. board chairman Dennis Schardt says the merger has been planned since Nebraska National Bank opened in 1995. He says bank branching laws had barred Exchange ...more »

Government Construction Contracts
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TransGlobe Energy Corporation Announces Third Quarter Financial and Operating ...
MarketWatch (press release)November 9, 2011

Production sharing splits are set in each contract for the life of the contract. Typically the government's share of production sharing oil increases when production exceeds pre-set production levels in the respective contracts. ...more »

Business Formation
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Greenberg Traurig Takes Top Spot in Florida on mergermarket Legal Adviser ...
MarketWatch (press release)November 1, 2011

MIAMI, Nov 01, 2011 (BUSINESS WIRE) -- The international law firm Greenberg Traurig LLP once again ranks among the world's top mergers and acquisitions legal advisers, according to league table reports published by Bloomberg, mergermarket and Thomson ...more »

Institutional Investing
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JPMorgan, UBS Win Dismissal of Madoff Trustee Picard's Common-Law Claims
BloombergNovember 1, 2011

Trustee Irving Picard lacks standing to demand common-law damages on behalf of customers of Bernard L. Madoff Investment Securities LLC, US District Judge Colleen McMahon ruled today in New York. The decision also eliminates most of the $2 billion in ...more »

Commercial
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Summary Judgments for Nov. 1
Thomson Reuters News & InsightNovember 1, 2011

The topic sounds broad, and it is - wrapping together a decade's worth of fights against terrorism, drug trafficking and money laundering as well as international legal, national security, law enforcement and financial issues. There will be tales about ...more »

Losing the PR War -- Again
Huffington PostNovember 7, 2011

Just as they did during the debate on health care reform in 2009 and 2010, the special interests who profit from the status quo have been winning the messaging battle in their ongoing effort to scare people away from the new law. ...more »

Commercial Bankruptcy
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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 »

Internal Investigative Services
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Volusia adopts cautious approach on information about employee investigations
Daytona Beach News-JournalNovember 2, 2011

Volusia County is changing the way it releases internal investigations of its employees, citing a past attorney general's opinion that a notice of discipline doesn't necessarily mean a case is over. ...more »

Commercial Leasing
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Underground Energy announces agreement to acquire 44172 acres (33037 net) of ...
MarketWatch (press release)November 1, 2011

Venoco has permitted a deep well to test a prospect on an adjacent lease which will be closely monitored before drilling is planned on Underground's acreage. Underground will assume a 65% working interest in the Foxtrotter Trend AMI comprising 4393 ...more »

International Transactions
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MF Global's legal cast of characters
Thomson Reuters News & InsightNovember 4, 2011

Even before MF Global filed for bankruptcy on Monday, the names of the law firms and attorneys who will be working on the case began to circulate. Here, a round-up of some of the biggest players: Ziman is advising the star of the show, debtor MF Global ...more »

Communications & Media
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Music industry declines because of copyright laws
Virginia Tech Collegiate TimesNovember 2, 2011

The entertainment industry is also lobbying for new laws to control the piracy problem. The so-called PROTECT IP Act and the even more aggressive House bill, the Enforcing and Protecting American Rights Against Sites Intent on Theft and Exploitation ...more »

Voter ID law has officials concerned about election day reaction
The Mountain PressNovember 3, 2011

While the Tennessee Department of Safety is offering voter identification for free to those who come into the driver licensing offices, multiple people among the small gathering worried there will be plenty of folks who show up without what they need. ...more »

Construction & Development
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Hartline Dacus Barger Dreyer LLP Adds Nine New Attorneys from Houston Law Firm
PR Web (press release)November 1, 2011

Mr. Lyman has tried over 250 cases to verdict since he began practicing law in 1972. He has been Board Certified in Personal Injury Trial Law by the Texas Board of Legal Specialization for more than thirty years. He has an AV (“Preeminent”) peer review ...more »

Locating Funds
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Bill Lueders column: Recall could open money spigot
Wausau Daily HeraldNovember 2, 2011

There is no requirement under the law, says Becker, that recall-related expenses be itemized. He says the GAB does "not have enough information to know for sure" that the money received in excess of legal limits was appropriately spent, ...more »

Contracts Involving State & Minicipality
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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 »

Mergers, Acquisitions & Divestitures
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Spectra Energy Partners Reports Strong Third Quarter 2011 Results Over Prior Year
MarketWatch (press release)November 4, 2011

... ability to successfully complete merger, acquisition or divestiture plans; regulatory or other limitations imposed as a result of a merger, acquisition or divestiture; and the success of the business following a merger, acquisition or divestiture. ...more »

Corporate Finance & Taxation
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Taxsoftware.com Offers First Heavy HGWY Tax iPhone App
PR Newswire (press release)November 1, 2011

After months of wait, the Excise Tax Law passed both the House and the Senate and was signed by the President. It extends the Heavy Vehicle Usage Tax until September 30, 2012. A full year Form 2290 for the tax period of July 1, 2011 through June 30, ...more »

Mortgages & Foreclosures
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Coakley: proposed law would help lower number of foreclosures
The Boston GlobeNovember 10, 2011

Since 2008, legislators have passed several laws increasing the time it takes to foreclose and enhancing protections for tenants. “We want to ensure the process is balanced and doesn't unnecessarily slow the foreclosure process,'' he said. ...more »

Creditor's Rights
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Preti Flaherty Ranked Among 2011-2012 “Best Law Firms” by US News & World ...
Insurance News Net (press release)November 1, 2011

... than 90 attorneys, the firm counsels clients in the areas of business law, energy, environmental, estate planning, health care, intellectual property, labor and employment, legislative and regulatory, litigation, technology and telecommunications. ...more »

Non-Profit Corporations
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12000 Inmates To Be Released Early Due To New Crack Sentencing
News OneNovember 1, 2011

Twenty-five years later NCMEC has become the leading nonprofit organization in the US working with law enforcement to address the problems of missing and sexually exploited children. Today the work of the organization includes twenty different ...more »

Customs Disputes
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ACLU Lawsuit: Warrantless Raid on Tennessee Apartment Complex Aimed to Clear ...
International Business TimesNovember 1, 2011

Multiple Immigration and Customs Enforcement agents, in addition to officers from the Metropolitan Nashville Police Department and the employees for the private security company Crime Suppression Services, forced their ways into multiple residences in ...more »

Professional Corporations
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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 »

Debt Collection
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Pennsylvania Court Rules Against Distressed Munis
Wall Street Journal (blog)November 1, 2011

The “opinion was to me signaling that the Supreme Court is not going to construe Act 47 broadly,” University of Pennsylvania law professor and bankruptcy expert David Skeel said in an interview Monday. If the state wants arbitration awards to be ...more »

Public Offerings
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Cain accuser offers public statement
PoliticoNovember 4, 2011

The attorney for one of the women who accused Herman Cain of sexual harassment said Friday that the then-National Restaurant Association CEO engaged in “inappropriate behavior” and “unwanted advances” that led to a five-figure cash payout in 1999. ...more »

Debt Settlement
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Dubai's Damas near USD9.5m liability settlement
Middle East North Africa Financial NetworkNovember 3, 2011

(MENAFN) Dubai-based Damas International affirmed it was in the final stages of negotiations with third party creditors over a USD9.5 million debt settlement, Arabian Business reported. Damas deals with gold and gold jewellery, diamond jewellery, ...more »

Reorganizations & Restructuring
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Affymetrix Restructures as Q3 Revenues Drop 14 Percent on Weak Product Sales
BioArray NewsNovember 3, 2011

... this week announced a restructuring of the company and pledged to return the beleaguered array vendor to growth in 2012. The announcement of the reorganization came as Affy reported a 14 percent drop in third-quarter revenue on diminished sales. ...more »

Directors' & Officers' Liability
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'Occupy Wall Street' Will Test Public, Private Sector Liability Coverages
PropertyCasualty360November 1, 2011

While most cities are accustomed to demonstrations, they may not be prepared for an ongoing movement like OWS, says Lori Seidenberg, a member of the Risk and Insurance Management Society's board of directors, serving as board liaison to the society's ...more »

State & Minicipal Bonds
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Wilmington Trust Introduces Global Reinsurance Trust Services
MarketWatch (press release)November 2, 2011

"Wilmington Trust's expansion into the international markets has now made an important step forward with the introduction of an English Law Reinsurance Trust Agreement," said Christophe Schroeder, executive managing director of CCS's European business. ...more »

False Advertising
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Law Offices of Howard G. Smith Announces Class Action Lawsuit Against ...
Business Wire (press release)November 2, 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”) (NASDAQ:OVTI) between August 27, ...more »

Trade Associations
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Australia delays plain tobacco packaging laws
Reuters AfricaNovember 1, 2011

... while the Dominican Republic, Nicaragua and Ukraine said the new measures breached international trade rules and would be challenged in the World Trade Organization. Australia's laws, which force cigarettes to be sold only in plain packages, ...more »

Federal Contracts
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Fraud and Loopholes Deliver Small-Business Contracts to Big Firms
New York Times (blog)November 1, 2011

It's been a busy season for combating fraud in government contracts for small business, for prosecutors enforcing the law as well as the legislators trying to improve it. But for both, it appears to be an uphill battle. ...more »

Unfair Competition
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Industry turns new page, cuts import shield to survive
Sydney Morning HeraldNovember 9, 2011

Photo: Andrew Meares THE Australian book industry has voluntarily agreed to a reduction in its protection against overseas imports but is asking the government to scrap GST on books and review unfair postage costs to help it compete, as readers flock ...more »

Federal Grants
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Counties get grants to combat gaming-related problems
Colorado Springs GazetteNovember 3, 2011

Law enforcement and social service agencies in El Paso and Teller counties were awarded a total $1.7 million in grants from the Colorado Department of Local Affairs on Thursday to combat the impact of gambling in Cripple Creek. ...more »

Venture Capital
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The Daily Start-Up: VCs Deliver $35.5M For Delivery Agent
Wall Street Journal (blog)November 4, 2011

Too many start-ups or not enough venture capital? Roger Ehrenberg, founder of IA Ventures, considers the question. His take: “too many start-ups that are funded improperly and manage their burn incorrectly due to unrealistic expectations for the ...more »

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