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

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Approval of interim chief's contract on council agenda
InMaricopa.comNovember 1, 2011

3.3 The Mayor and City Council shall hear a presentation by Grants Manager Mary Witkofski on proposed changes to the Maricopa Non Profit Funding Program. 3.4 The Mayor and City Council shall hear a presentation by Fire Division Chief Mark Boys on Long ...more »

Vince Neil to plead guilty to disorderly conduct in Vegas confrontation with ...
Washington PostNovember 1, 2011

A more serious misdemeanor charge of battery constituting domestic violence will be dropped against Neil when the 50-year-old rocker enters his plea next Monday in Las Vegas Justice Court, defense attorney David Chesnoff. He said the allegation of ...more »

Business Law News and Stories

Advertising
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Craig Law-Smith Joins Amobee
Asia Media JournalNovember 1, 2011

SINGAPORE – Amobee, the company defining mobile advertising, today announces the appointment of Craig Law-Smith as Strategy and Business Development Director of the Asia Pacific. Headquartered in Amobee's APAC headquarters in Singapore, Law-Smith will ...more »

Foreign Investments
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Prospect Capital Announces Repayment of Senior Term Loans to Units of ...
MarketWatch (press release)November 1, 2011

Our investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. We have elected to be treated as a business development company under the Investment Company Act of 1940 ("1940 Act"). ...more »

Antitrust Law, Domestic
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The Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of INX, Inc.
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 »

Franchising
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Dodgers headed to bankruptcy court auction
Wall Street JournalNovember 3, 2011

Just days before the team was expected to miss payroll, the Dodgers filed for bankruptcy protection in late June. The move came after Selig refused to approve a 17-year agreement between the Dodgers' and Fox's Prime Ticket subsidiary that would have ...more »

Gaming Law
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Editorial: More secrecy on casinos
Milford Daily NewsNovember 3, 2011

By Anonymous After years of debate, legislation legalizing casino gambling in Massachusetts is on the threshold of becoming law. The House and Senate have passed separate bills, by large margins. A conference committee is now charged with resolving the ...more »

Banking Law
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£170000 from scam in man's accounts
Peterborough TodayNovember 1, 2011

Amuda Sheidu used three addresses in Peterborough and four bank accounts to stash money defrauded in a massive worldwide scam, with £173820.85 stolen and then deposited in his accounts. A two-week trial was due to start at Huntingdon Crown Court ...more »

Government Construction Contracts
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Construction Spending Up Slightly in September, Down $10B for Year
Site PrepNovember 1, 2011

“In less than a year's time, the public sector has gone from propping up the construction industry to holding,” said the association's chief economist, Ken Simonson. “Even as local and state budgets continue to contract, the federal government is ...more »

Business Formation
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Study shows business concerns
Monroe News StarNovember 1, 2011

Berry said the 10 concerns point to a need for significant education and assistance to small businesses, particularly those most vulnerable to risks like hurricanes, floods, crime and employee injuries. In response to this need, the ULM College of ...more »

Institutional Investing
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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 »

Commercial
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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 »

Stetson University College of Law Inducts Seven Into Hall of Fame
MarketWatch (press release)November 3, 2011

Judge Amelia G. Govan '80Amelia G. Govan co-founded Stetson's Black Law Students Association (BLSA) in 1979 with fellow student Malcolm JL Harper. Today, Judge Govan is an administrative law judge with the Labor Standards Office for the District of ...more »

Commercial Bankruptcy
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Bankruptcy filing won't dim Beacon
Albany Times UnionNovember 1, 2011

(Paul Buckowski / Times Union) STEPHENTOWN -- Beacon Power Corp. is expected to continue operating its 20 megawatt flywheel energy storage operation in Stephentown after filing for Chapter 11 bankruptcy protection. Officials from Beacon could not ...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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Underground Energy announces agreement to acquire 44172 acres (33037 net) of ...
istockAnalyst.com (press release)November 1, 2011

The Company has also identified additional structures on the leased lands utilizing 2D seismic. These structures, which are adjacent to the Zaca Field Extension, are also prospective for oil and gas in the Monterey shale. ...more »

International Transactions
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Law Office of Brodsky & Smith, LLC Announces Investigation of Sonesta ...
MarketWatch (press release)November 4, 2011

BALA CYNWYD, Pa., Nov 03, 2011 (BUSINESS WIRE) -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Sonesta International Hotels Corporation ("Sonesta" or the "Company") ...more »

Communications & Media
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FBI says Russians were a 'new breed' of spy
Wall Street JournalNovember 1, 2011

He worked at a telecommunications firm. The couple raised a young son and toddler in their high-rise apartment. —Cynthia Murphy and her husband, Richard, of Montclair, NJ He mostly stayed home with their two pre-teen children while she worked for a ...more »

Brockton rep to probe licensing of spa owner
Boston HeraldNovember 4, 2011

Law enforcement sources told the Herald a police probe is focusing on possible involvement by cops. A state trooper being eyed in the scandal has been suspended without pay, officials said. Brockton police received reports from Mussari's ex-employees ...more »

Construction & Development
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Upcoming WPL Webinar to Focus on Change Orders in Construction Projects
PR Web (press release)November 1, 2011

His courses have included “Construction Management and Technology” and “Construction Law” for the Master of Real Estate Development program. Following their presentations, there will be an interactive 10-to-15 minute question-and-answer session ...more »

Locating Funds
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Bogle: Tough sentences would keep execs in line
CBS NewsNovember 8, 2011

Bogle: Law enforcement. Absolutely, and we've gotten, you know, we've had much too much crime, and not enough punishment. And I think if we get a few more people in jail, the message will go out because these executives do not want to go to jail. ...more »

Contracts Involving State & Minicipality
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LAUSD faces suit linking teacher ratings to student performance
Los Angeles TimesNovember 1, 2011

Witlin, the attorney, said his group would sue to stop any contract between the district and teachers that did not include all the requirements of the Stull Act. Deasy also said he would not ink such a deal. The litigation would mark the second time ...more »

Mergers, Acquisitions & Divestitures
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What Will 2012 Bring For Multichannel Mergers and Acquisitions?
Multichannel MerchantNovember 1, 2011

If there continues to be economic uncertainty, mergers and acquisitions “might be tougher to finance, particularly at high levels,” says Lee Helman, managing director of investment firm Financo. Helman cites the 2012 presidential election as a ...more »

Corporate Finance & Taxation
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Shorten cues tax law change after legal defeat
The AustralianNovember 1, 2011

Mr Shorten said "the government is taking action to ensure that multinationals pay the correct amount of tax in Australia on their income and to provide certainty on our transfer pricing laws".more »

Mortgages & Foreclosures
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Dann gets emotional in pleading his case
Columbus DispatchNovember 4, 2011

... informally establish committees that are not subject to the law. That's our case for openness. The state did not state its case for secrecy. By David Eggert Ex-Attorney General Marc Dann now represents many clients in Cleveland facing foreclosure. ...more »

Creditor's Rights
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MF Global Suspended From LME Trade, CME Clearing on Filing
BusinessWeekNovember 1, 2011

1 (Bloomberg) -- MF Global Holdings Ltd., the holding company that filed for bankruptcy protection, was suspended from trading on the London Metal Exchange. CME Group Inc., the largest futures market, also suspended the broker-dealer unit MF Global ...more »

Non-Profit Corporations
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Legal Eyes: Mario
NUG MagazineNovember 2, 2011

We all think of the law and lawyers when we think of the fight to legitimize the medical cannabis industry; but what about the money? What about the numbers? This is where Mario comes in. He may not wear a suit and tie, but he wears his passion for the ...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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Break-Free Corporate Tax Code Misses Republican Rate Goal
BusinessWeekNovember 2, 2011

The analysis is being circulated one week after Ways and Means Chairman Dave Camp, a Michigan Republican, released the first slice of a proposed comprehensive rewrite of the US tax code. Democrats say the estimate reflects the difficult choices ...more »

Debt Collection
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Rogue Debt Collection Companies Get Clamped Down On by FTC
TMC NetNovember 1, 2011

In other news, TMCnet reported, “Debt collectors are frustrated…by what they perceive to be outdated laws governing the practice of debt collection. Specifically, they point to the Fair Debt Collection Practices Act.” Linda Dobel is a TMCnet ...more »

Public Offerings
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New KC lawyer chosen to help represent Baby Lisa's parents
Kansas City StarNovember 1, 2011

Joseph Tacopina, a high-profile Manhattan criminal defense lawyer who joined the case on behalf of Deborah Bradley and Jeremy Irwin, announced that Kansas City attorney John Picerno would join the case. A public dust-up late last week between Tacopina ...more »

Debt Settlement
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Better Business Bureau scam alert
Beaufort ObserverNovember 1, 2011

The Fair Debt Collection Practices Act prohibits debt collectors from using abusive, unfair, or deceptive practices to collect from consumers. BBB has been alerted that consumers are receiving calls from scam artists who claim that there is a virus on ...more »

Reorganizations & Restructuring
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ELEKTROBIT CORP: Eb, elektrobit corporation, interim report, january-septe..
4-traders (press release)November 1, 2011

It is possible that, based on later information related to reorganizations of TerreStar Networks and TerreStar Corporation, this outlook may need to be reconsidered. Due to the uncertainties related to the outcome of reorganization processes of ...more »

Directors' & Officers' Liability
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Director-Officer.com Now Online, Taking Quote Requests for Directors...
PR Web (press release)November 3, 2011

Director-Officer.com is a site owned and maintained by Brilliant Insurance Services – a specialty insurance brokerage based in Woodland Hills CA. The demand for Directors & Officers Liability Insurance (D&O) quotes in California has never been higher. ...more »

State & Minicipal Bonds
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Law Firm Brower Piven Announces Investigation of interclick, inc.
MarketWatch (press release)November 2, 2011

STEVENSON, Md., Nov 02, 2011 (BUSINESS WIRE) -- The law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of interclick, inc. ("interclick") (nasdaqcm:ICLK) ...more »

False Advertising
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Yahoo, still in CEO hunt, to buy Interclick for $270 million
Los Angeles TimesNovember 2, 2011

The Sunnyvale, Calif., company said in a statement Tuesday that the move will beef up its online advertising business, which has seen declines in recent years but still remains one of the tech industry's largest. The purchase comes amid Yahoo's ongoing ...more »

Trade Associations
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FTC charges debt-collection operation with abuse, threats
Tulsa WorldNovember 2, 2011

The only thing standing between John Q. Public and Tweedledum Debt Collecting is the federal Fair Debt Collection Practices Act enforced by the Federal Trade Commission. If Tweedle had his way, his hateful call center workers would trick John Q into ...more »

Federal Contracts
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Applicant Tracking Software Helps Data Company Comply With Federal Regulations
Talent Management TechNovember 1, 2011

MCH is a data company that provides databases for institutions such as healthcare, education, religion and government. They had a large, manual, and time-consuming recruiting process. In addition, since they have government contracts, it was critical ...more »

Unfair Competition
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DOJ OKs filing of cartel case vs LPGMA
ABS CBN NewsNovember 4, 2011

... the justice department pointed out that under Section 19, Article XII of the 1987 Constitution, it is the State's declared policy to "regulate or prohibit" monopolies and to prohibit combinations in restraint of trade or unfair competition. RA No. ...more »

Federal Grants
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Area trails get $3M in federal grants
Madison County HeraldNovember 1, 2011

A plan to connect metro-area communities through multipurpose trails received a jumpstart Friday when state transportation officials announced more than $3 million in federal grants...more »

Venture Capital
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Encouraging Venture Capitalism Key to Economic Growth
U.S. News & World ReportNovember 11, 2011

Consider the following: Lost in the public reporting on record venture investing in the third quarter is less comforting and more significant data from the National Venture Capital Association that venture capital fundraising dropped to the lowest ...more »

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