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

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Impact of circle rates
Times of IndiaNovember 1, 2011

There are several reasons for this, like the stricter general power of attorney norms as well as higher stamp duty. The financier's profit margin is smaller in this scenario," added GP Tiwari (name changed), who invests in real estate. ...more »

WCBI Investigation results in arrest of McDonald's employee for theft
WGMD RadioNovember 1, 2011

A month-long investigation into an internal theft at the McDonald's on Racetrack Road in Berlin has resulted in the arrest of an employee. The Worcester County Bureau of Investigations began investigating the theft in late December. ...more »

Business Law News and Stories

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Salt Lake TribuneNovember 1, 2011

Telesphere, a Phoenix-based telecommunications and Internet services provider, has hired David Fowers as a cloud communications specialist. He will be responsible for the marketing and sales of Telesphere's cloud-based products to business customers ...more »

Foreign Investments
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Troika Dialog MD Anton Rakhmanov interview 2, 2011

What percentage of foreign investors are Asian, and what sectors do they prefer? While there are no hard numbers, their share is not that large. However, China has the greatest investment potential among Asian countries. The People's Bank of China and ...more »

Antitrust Law, Domestic
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Antitrust News & Notes – October, 2011
Mondaq News Alerts (registration)November 1, 2011

In a separate opinion from February 8, 2011, the FTC, however, ruled that the Board could not assert the state action doctrine to shield itself from liability under the FTC Act and other federal antitrust laws. The US Supreme Court articulated the test ...more »

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Realogy Reports Results for Third Quarter 2011
MarketWatch (press release)November 1, 2011

PARSIPPANY, NJ, Nov 01, 2011 (MARKETWIRE via COMTEX) -- Realogy Corporation, a global leader in real estate and relocation services, today reported results for the third quarter ended September 30, 2011. Realogy's net revenue for the third quarter was ...more »

Gaming Law
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EA denies Origin spies on Battlefield 3 PC players
bit-tech.netNovember 2, 2011

Electronic Arts has denied that download service Origin breaks privacy law and spies on users. Electronic Arts has denied accusations from German gamers that download service Origin breaks privacy laws and spies on the activity of Battlefield 3 gamers. ...more »

Banking Law
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Text Message Scam Targets Wells Fargo Customers
FOX 9 NewsNovember 1, 2011

Customers should never share sensitive information such as their mother's maiden name, Social Security number, bank account numbers, or account usernames and PINs/passwords in response to any suspicious requests. Customers can learn more about how to ...more »

Government Construction Contracts
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A Declaration for Independence
Huffington PostNovember 4, 2011

Uncompetitive practices and special interest induced distortions like paying the above market "prevailing wage" for government construction, the purchase of prescription drugs at above market prices for Medicare, and special minority contract set ...more »

Business Formation
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Security Concerns Limit Law Firms' Use of Cloud Computing, The American ...
MarketWatch (press release)November 1, 2011

Respondents were all among the 200 largest US law firms. Full survey results are available from ALM Legal Intelligence at . ALM, an integrated media company, is a leading provider of specialized business news and ...more »

Institutional Investing
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LAX safer after $1.6-billion security investment, report says
Los Angeles TimesNovember 2, 2011

Since 9/11, the airport has added about 250 law enforcement personnel and spent $1.1 billion to expand security operations and $500 million for capital improvements such as fencing, barriers, security cameras, baggage screening systems and a new ...more »

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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 »

Court rules retirees' pensions are public
Seacoastonline.comNovember 3, 2011

Retirement system members are state, county and municipal employees, teachers, police officers and firefighters. Their benefits are funded by contributions from public employees and taxpayers, as well as net investment returns. ...more »

Commercial Bankruptcy
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Martin Walsh Joins Elevate to Lead Mergers and Acquisitions
MarketWatch (press release)November 1, 2011

Prior to joining Elevate, Mr. Walsh was managing partner of a private practice law firm focusing on emerging growth companies and corporate and business transactions. Mr. Walsh received his law degree with concentrations in business transactional law...more »

Internal Investigative Services
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MPs want Mbabazi suspended
New VisionNovember 6, 2011

... Ssekanjako MPs have drafted a motion requesting Parliament to suspend Prime Minister Amama Mbabazi and Internal Affairs Minister Hillary Onek from the House. This comes a day after the launch of the adhoc committee to investigate the oil sector. ...more »

Commercial Leasing
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State's Concealed Carry Law, City's Ban Go into Effect
Patch.comNovember 1, 2011

A key provision of the law grants immunity from liability to those who do not impose weapons bans, while those who do prohibit are considered responsible for harm that takes place on their premises. "There was a full feeling of concern" at the seminars ...more »

International Transactions
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The Journal Record Legal Briefs: October 26, 2011 [Journal Record (Oklahoma ...
Insurance News Net (press release)November 2, 2011

A 2008 graduate of the University of Oklahoma College of Law , Long has experience with oil and gas industry matters. Interim director named for OCU centerJoshua M. Snavely has been appointed interim director of the Professional Career Development...more »

Communications & Media
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City Attorney to City Council: Shut Up
Patch.comNovember 1, 2011

The council has no city-specific policy about communications outside of meetings, aside from following California's open-meeting law. Smith's report urges the council to "limit its consideration of facts to those presented at [official city hearings], ...more »

Marijuana dispensary closes under legal threat
Commercial RecordNovember 3, 2011

“It is not intended for people to go out and violate the law for profit. “Medical use does not include the sale of marijuana. That's the law,” he said. Licensed caregivers are allowed to recover compensation for costs associated with assisting ...more »

Construction & Development
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Circuit Court asks for clarification on development near Red Rock
Las Vegas SunNovember 1, 2011

The US Ninth Circuit Court of Appeals has asked the Nevada court to determine if a 2003 law that would limit the development is constitutional. Once the questions is answered, the federal court said it will resume consideration of the case. ...more »

Locating Funds
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What happens now that the US has cut UNESCO funds?
Jewish Telegraphic AgencyNovember 1, 2011

“Consistent with current law, UNESCO's action also has put at risk its funding from United States taxpayers, who provide more than one-fifth of UNESCO's budget,” Lowey said in her statement. “UNESCO must understand that such irresponsible actions have ...more »

Contracts Involving State & Minicipality
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In Foley private eyes on the street
Minneapolis Star TribuneNovember 1, 2011

Foley's contract made up 4.4 percent of the budget for Bennett's office, which employs 15 patrol deputies along with investigators and other licensed officers. "It puts us in a difficult situation," assuming the contract dispute isn't solved, ...more »

Mergers, Acquisitions & Divestitures
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Mosquito Appoints Two Directors
Resource Investing NewsNovember 1, 2011

His specialties include all aspects of sourcing, identifying, negotiating, structuring and re-structuring investment transactions with emerging growth public companies, including mergers, acquisitions, divestitures, venture capital, private equity, ...more »

Corporate Finance & Taxation
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Montco GOP commissioner candidates on same page
phillyBurbs.comNovember 1, 2011

"My main focus in law school was tax law," said Brown, who initially joined a large Center City law firm but eventually went with another lawyer to start a firm of their own where she still works. "My dad was an engineer. I was a bio-math person and ...more »

Mortgages & Foreclosures
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Recommended: Foreclosure crisis only about halfway over
msnbc.comNovember 17, 2011

Another four million homes are estimated to be at some stage in the foreclosure process. New foreclosures are currently started at the rate of about two million a year. That pace of new foreclosures may begin to ease more, though. ...more »

Creditor's Rights
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MF Global files for bankruptcy
IT Business NetNovember 1, 2011

By GrabNetworks Summary of business headlines: MF Global implodes as bad euro debt bets spark investor stampede; Global population hits 7 billion; Stocks tumble sharply, but October is best month since 1991. MLAA is an image-based filtering technique ...more »

Non-Profit Corporations
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A Corporate Governance To-Do List for Japan
Wall Street JournalNovember 1, 2011

Bad corporate governance is a costly mistake Japan can ill afford, and a growing embarrassment for a country that deserves far better. Mr. Benes is representative director of the Board Director Training Institute of Japan, a non-profit public interest ...more »

Customs Disputes
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YOUR VIEW: Could Alabama immigration law give legal status to illegal immigrants?
The Birmingham News - (blog)November 1, 2011

By Letters from our readers A labama law enforcement is trying to come to terms with the new immigration law on how to handle an arrest for minor violations and no Alabama-approved proof of citizenship. So authorities turn to the Alabama Administrative ...more »

Professional Corporations
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Harris Named to 2012 Edition of Best Lawyers in America
TheAlternativePress.comNovember 7, 2011

CHATHAM, NJ - The 2012 edition of Best Lawyers in America, an annual referral guide of the legal profession, includes Chatham Councilman, Mayoral candidate and attorney Bruce Harris. Harris, who practices corporate law, is one of seven New Jersey ...more »

Debt Collection
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Examining Muni-Bonds, Credit Raters, MF Global: Compliance
BusinessWeekNovember 1, 2011

French banks require 8.8 billion euros of capital and German lenders 5.2 billion euros. The chief administrative law judge at the US Securities and Exchange Commission dismissed the case against two former executives of State Street Bank & Trust Co. ...more »

Public Offerings
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Attorney General: 'Important time' to look at utilities
Wicked LocalNovember 4, 2011

With about 220000 electric customers still without power four days after a nor'easter knocked out service to more than 600000 people across the state, Attorney General Martha Coakley says her office is ...more »

Debt Settlement
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New ECB chief must act as Europe again stares into the abyss (blog)November 1, 2011

Yes, it's Mario Draghi's first day in the office as the new European Central Bank president, and if he was hoping, after last week's "comprehensive settlement", for a reasonably settled start, he had better think again. We all know what Mr Draghi ...more »

Reorganizations & Restructuring
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Auburn Hills solar firm to idle 400 workers
The Detroit NewsNovember 9, 2011

It also has begun conversations with some holders of the $263 million in outstanding notes it has coming due in June 2013 to reorganize or restructure the debt "to assist the company in its restructuring," Schostak said. Energy Conversion Devices was ...more »

Directors' & Officers' Liability
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"Best Law Firms" Rankings by US News and Best Lawyers® Lists Gair, Gair ...
MarketWatch (press release)November 1, 2011

The firm also ranked in the top tier in five legal specialties in the New York City Metropolitan Area in Legal Malpractice, Medical Malpractice, Personal Injury Litigation, Product Liability Litigation and Professional Malpractice Law. ...more »

State & Minicipal Bonds
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Federal policy toward medical-pot businesses remains puzzling
Denver PostNovember 4, 2011

Fifteen years after the first state legalized medical marijuana — and set up a confrontation with federal law that keeps cannabis illegal — federal law enforcement's position on medical-marijuana businesses remains something of a mystery ...more »

False Advertising
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Hiring of lawyers is rising slowly, survey shows
Philadelphia InquirerNovember 1, 2011

Lawyers responding to the Robert Half survey said they expected general business and commercial law and litigation to experience the greatest growth over the next three years, followed by health care and labor and employment. ...more »

Trade Associations
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Cox Smith Earns 30 First Tier “Best Law Firms” Rankings from U.S. News-Best ...
PR Web (press release)November 1, 2011

The firm also earned First Tier rankings in Austin for Health Care Law, in Dallas for Arbitration and Insurance Law, and in El Paso for Immigration Law, International Trade & Finance Law, and Personal Injury Litigation: Defendants. ...more »

Federal Contracts
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Homes, Not Nursing Homes
NJ SpotlightNovember 1, 2011

Medicaid is 50/50 funded by the state and the federal government. Valerie Harr, who directs the state's Medicaid program as head of the Division of Medical Assistance and Health Services in the state Department of Human Services, pointed out that in ...more »

Unfair Competition
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EU investigates Russia, Turkey exports of pipeline fittings
Reuters AfricaNovember 2, 2011

"This is about small European companies for whom every euro counts," said a person familiar with the case. Complaints of unfair international competition by EU producers has resulted in punitive tariffs against China, South Korea, Malaysia, ...more »

Federal Grants
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Local agencies awarded body armor grants
Shore News TodayNovember 2, 2011

The cost of body armor varies, but the minimum grant amount is $500. The state has a multi-vendor contract with distributors which enables law enforcement agencies to purchase the make and model of vest that best meets their needs. ...more »

Venture Capital
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European venture capital has WORST QUARTER EVER
Business InsiderNovember 2, 2011

There may have been money flowing into China, but Europe certainly wasn't feeling the venture capital love. The continent sustained its lowest deal count in history in Q3 2011, according to Dow Jones VentureSource. A mere €951 mn was put to work across ...more »


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