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

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Brookfield Office buys Four World Financial Center
CTV.caNovember 1, 2011

In a related development, Brookfield has a deal to lease 767000 square feet of office space at the World Financial Center in Lower Manhattan to Bank of America. "Renewing Bank of America/Merrill Lynch for a sizable amount of space at the World ...more »

Felon arrested for gun possession
Daily Mail - CharlestonNovember 1, 2011

A criminal history check showed McClain had a prior felony conviction in Florida that made it illegal for him to possess any kind of firearm, Stover said. McClain was charged with wanton endangerment and possession of a firearm by a prohibited person. ...more »

Business Law News and Stories

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Theft of game hens could cost Ark. sheriff his job
Sacramento BeeNovember 1, 2011

Prosecuting Attorney Cody Hiland filed a petition Monday asking for Searcy County Sheriff Kenney Cassell's removal from office. Hiland says the theft of Cornish game hens is "an infamous crime" that bars Cassell from holding office. ...more »

Foreign Investments
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President: Turkmenistan interested in foreign capital
Trend News AgencyNovember 3, 2011

The recent adoption of the Turkmen law on "Foreign investments" determined the creation of legal base in this area. It defines the legal base for foreign investors' activity in the country. It focused on attracting foreign investments in Turkmenistan ...more »

Antitrust Law, Domestic
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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 »

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City looks at new cable deal
Middle East North Africa Financial NetworkNovember 1, 2011

Fiscal Court will also consider the franchise agreement with Time Warner. The ordinance covering the cable franchise agreement will be considered for second reading and approval at the City Commission's Nov. 15 meeting. City Attorney Ed Ray said the ...more »

Gaming Law
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Sandoval to revive Gaming Policy Committee
Las Vegas Review - JournalNovember 4, 2011

Brian Sandoval said Friday he plans to appoint members of the Gaming Policy Committee. It will be the first time the committee has met since Richard Bryan was governor. Sandoval made the comments while speaking at the Gaming Law Conference of the State ...more »

Banking Law
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Ex-Laredo bank officer pleads guilty in $8M fraud
BusinessWeekNovember 1, 2011

Prosecutors say 36-year-old Celina Villarreal (vee-yah-ray-YAL') of Laredo pleaded guilty Monday to conspiracy to commit bank fraud and conspiracy to launder money. Villarreal was an international banking officer with Compass Bank in Laredo when an ...more »

Government Construction Contracts
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Quebec not alone in construction woes
Montreal GazetteNovember 3, 2011

The game opened on April Fool's Day in 2004 when an internal audit manager at the Nottingham University Hospital in England alleged collusion and corruption in the bidding process of a construction contract. It wasn't long before the dominoes began to ...more »

Business Formation
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'We need new laws against cyber crime' says security specialist NCC Group
Manchester Evening NewsNovember 1, 2011

The government needs to draft in new legislation to combat the growing threat of cyber crime to businesses and public sector organisations. That is the view of the boss of Manchester security specialist NCC Group, who reacted to warnings from Iain ...more »

Institutional Investing
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Nova Scotia premier plays down labour law threat to jobs and investment
CanadianBusiness.comNovember 3, 2011

The two opposition parties accused the New Democrats of jeopardizing 3400 jobs by proposing arbitration to settle disputes in negotiations for a first contract between a union and a company, which they say will make it easier for unions to organize. ...more »

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How to balance e-mail privacy with employer policies
Smart Business NetworkNovember 1, 2011

“As of mid-2010, approximately 40 percent of corporate employees used employer-provided mobile devices to send and receive electronic messages,” says Andrew D. Campbell, a commercial litigation partner at Novack and Macey LLP. ...more »

Rigrodsky & Long, P.A. Announces Investigation of Sonesta International Hotels ...
Bradenton HeraldNovember 3, 2011

... duty and other violations of law related to the Company's entry into an agreement to be acquired by Sonesta Acquisition Corporation (“SAC”), an affiliate of Hospitality Properties Trust in a transaction with an approximate value of $174 million, ...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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Files show Capt. Joel Fox favored
Arizona RepublicNovember 21, 2011

The results of this management style, according to interviews contained in the report, include two special-operations teams that were disbanded, internal investigations that sat for years without any resolution or punishment and at least one deputy who ...more »

Commercial Leasing
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Offices failing the green test face hefty fines
eco-business.comNovember 1, 2011

The Commercial Building Disclosure (CBD) program – also known as mandatory disclosure – requires that a Building Energy Efficiency Certificate be issued if more than 2000 square metres of office space is sold, leased or sub-leased. ...more »

International Transactions
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Anglican Church spectacularly blind to protest symbolism
ABC OnlineNovember 2, 2011

And far from this perversion being some sort of anomaly, it rather indicates, in the sharpest possible way, just how the supposedly "free market" depends upon aberrant legal privileges that license and underwrite a kind of international buccaneering ...more »

Communications & Media
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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 »

Cooley Named "Law Firm of the Year" in Biotechnology in 2011-2012 US News ...
MarketWatch (press release)November 1, 2011

In the past decade, Cooley has completed more than 70 major corporate partnering and licensing deals, with total deal value in excess of $26.5 billion, closed more than 90 life sciences M&A deals, and completed more than 200 life sciences public ...more »

Construction & Development
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Iseman, Cunningham, Riester & Hyde, LLP Attorney Named State Chair for New ...
PR Web (press release)November 2, 2011

Head of ICRH's Insurance Defense Practice Group, Mr. Mackey concentrates his practice in litigation, primarily insurance-related matters involving fraud, coverage, breach of contract and negligence. He has extensive experience in insurance fraud ...more »

Locating Funds
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UNESCO pleads with US to reinstate funding
CBS NewsNovember 2, 2011

The United States typically funds about 20 percent of the agency's budget, but American law bars contributions to organizations that grant membership to territories that are not internationally recognized as states. by john5673 November 2, ...more »

Contracts Involving State & Minicipality
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Kindle Fire Official Sweepstakes Rules
Business InsiderNovember 1, 2011

Void where prohibited or restricted by law and subject to all applicable federal, state, provincial, local and municipal laws and regulations. ONE (1) GRAND PRIZE: One sweeps winner will receive an Amazon Kindle Fire pre-loaded with Business Insider's ...more »

Mergers, Acquisitions & Divestitures
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Duke Energy Reports Strong Third Quarter Results; Adjusted Diluted EPS Outlook ...
MarketWatch (press release)November 3, 2011

... the risk that the proposed merger with Progress Energy is terminated prior to completion and results in significant transaction costs to Duke Energy; and the ability to successfully complete merger, acquisition or divestiture plans. ...more »

Corporate Finance & Taxation
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China Raises Tax Thresholds For Small Businesses
CapitalVueNovember 1, 2011

November 1 -- The State Administration of Taxation and the Ministry of Finance raised the thresholds for the value-added tax and the business tax, and the new thresholds are effective today, reports, citing announcements by the two government ...more »

Mortgages & Foreclosures
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Lawyers Cashing in on Banks Misdeeds and New Regulation
The AtlanticNovember 9, 2011

Even if an implausible large staff of 123 lawyers was involved, the payout would average to $1 million each. Of course, the litigation that big banks face over mortgages dwarf the ongoing litigation related to credit cards. They're being sued by the ...more »

Creditor's Rights
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UK's solar subsidy cuts to force bankruptcies
ReutersNovember 1, 2011

SINGAPORE (Reuters) - Britain's plan to slash state subsidies for solar projects could force many renewable companies into bankruptcy, the head of the UK's largest independent solar firm told Reuters on Tuesday. Energy Minister Greg Barker on Monday ...more »

Non-Profit Corporations
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Dan Kildee to remain CEO of nonprofit Center for Community Progress until May ...
The Flint Journal - MLive.comNovember 1, 2011

... from the organization, according to a statement from the nonprofit's board chairman, William A. Johnson Jr. The board reached its decision after "consultation with legal experts on both election law and those laws covering the conduct of non-profit...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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Howrey's Pragmatic Steward
Wall Street JournalNovember 6, 2011

Mr. Diamond, the court-appointed liquidator of defunct law firm Howrey LLP, knows when to take a hard line and when to settle in the legal battles he has launched over the past three decades against a host of Wall Street firms, corporate giants and ...more »

Debt Collection
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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 »

Public Offerings
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Montgomery man gets counsel in murder, arson case
Chicago Sun-TimesNovember 2, 2011

In a brief court appearance Wednesday in Kendall County Court, McCann agreed to appoint well-known Aurora attorney Gary Johnson and Kendall County Public Defender Victoria Chuffo to defend the 24-year-old Montgomery resident. ...more »

Debt Settlement
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Debt review nightmare
News24November 1, 2011

A friend of mine has fallen on hard times and tried to rehabilitate herself (debt review) via measures provided in the National Credit Act - it was a nightmare experience for her. Having seen evidence of unprofessional conduct by a DC ...more »

Reorganizations & Restructuring
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Dynegy, Madoff, MF Global, WaMu, Taylor Bean: Bankruptcy
BusinessWeekNovember 8, 2011

The case is In re Dynegy Holdings LLC, 11-38111, US Bankruptcy Court, Southern District of New York (Poughkeepsie). Fred Wilpon and the owners of the New York Mets baseball club submitted papers on Nov. 4 arguing that they are entitled to offset ...more »

Directors' & Officers' Liability
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Iseman, Cunningham, Riester & Hyde, LLP Attorney Named State Chair for New ...
PR Web (press release)November 2, 2011

Head of ICRH's Insurance Defense Practice Group, Mr. Mackey concentrates his practice in litigation, primarily insurance-related matters involving fraud, coverage, breach of contract and negligence. He has extensive experience in insurance fraud ...more »

State & Minicipal Bonds
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Concealed carry means businesses must be aware of legal risks of welcoming ... 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 »

False Advertising
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Yelp Class Action Dismissal Bolsters Web Publisher Immunity
Corporate CounselNovember 1, 2011

New US District Judge Edward Chen of the Northern District of California has dismissed a class action against Yelp alleging the online review site extorted advertising from businesses in exchange for favorable treatment. In dismissing the suit with ...more »

Trade Associations
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Health Insurers Predict They Will Pass On Health Law's New Tax To Consumers
Kaiser Health NewsNovember 4, 2011

In its continuing effort to get rid of the health overhaul law's annual fee on insurers, America's Health Insurance Plans late Wednesday released an analysis the trade group commissioned that says that in 2014 premiums would increase by 1.9 percent to ...more »

Federal Contracts
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Medicaid changes for Kentucky approved
Lexington Herald LeaderNovember 1, 2011

Frankfort: The federal government has given approval for the state to enter into contracts with three managed-care companies to oversee Medicaid for more than 560000 Kentuckians. The move to managed care is scheduled to begin on Tuesday. ...more »

Unfair Competition
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National Consumer Commission wants answers from banks 3, 2011

Mohlala pointed out that she will pursue the matter in line with section 48 of the Consumer Protection Act which deals with unfair, unreasonable or unjust pricing. She said those found to have been in breach of the legislation would face fines and be ...more »

Federal Grants
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Court grants Baba Suwe conditional bail
Nigerian TribuneNovember 2, 2011

Justice Idowu also ordered that he must produce a surety in the like sum, adding that address of the surety should be verified by the Chief Registrar of the court and the National Drug Law Enforcement Agency (NDLEA). It also ordered that Baba Suwe's ...more »

Venture Capital
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Global Equities: A different animal? (registration)November 1, 2011

In particular, what role should allocations to private equity and venture capital now play in an investor's diversification strategy? This article examines some of the literature to provide an overview of the impact of incorporating private equity and ...more »


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