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

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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 »

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 »

Business Law News and Stories

Advertising
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Recommended: Reverse graffiti ads: 'Clean' or crime?
msnbc.com (blog)November 1, 2011

Breaking news and analysis of the economy, the business world, stocks, autos, real estate and consumer issues. Twitter: @msnbc_business By Marisa Taylor The city of San Francisco wants to crack down on so-called reverse graffiti, the practice of ...more »

Foreign Investments
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EB-5 visa program for wealthy investors growing rapidly
Denver PostNovember 1, 2011

A limit of 10000 foreign investors and family members can earn EB-5 visas annually but they receive no guarantee of any return on their investments. They also can face deportation if their money fails to create 10 jobs in the two years following the ...more »

Antitrust Law, Domestic
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The Law Firm of Weiss & Lurie Investigates Interclick, Inc.
SunHerald.comNovember 2, 2011

NEW YORK -- Weiss & Lurie, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Interclick, ...more »

Franchising
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McCourt, MLB agree to process to sell Dodgers
CanadianBusiness.comNovember 2, 2011

In bankruptcy filings, attorneys for MLB said McCourt "looted" more than $180 million in revenues from the club for personal use and other business unrelated to the team. "The Dodgers are in bankruptcy because Mr. McCourt has taken almost $190 million ...more »

Gaming Law
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North Carolina editorial roundup
NECNNovember 1, 2011

As the video gaming industry proceeds to challenge North Carolina's latest ban on video and Internet-based sweepstakes games in court, the state should stick by its legal guns. The industry's contention that the ban violates free speech seems ...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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CCA Announces 2011 Third Quarter Financial Results
MarketWatch (press release)November 2, 2011

Upon completion of construction, we expect to commence operations pursuant to a management contract with the Georgia Department of Corrections. The management contract has an initial one-year base term with 24 one-year renewal options and provides for ...more »

Business Formation
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Regulators prepare to update fracturing rules
Houston ChronicleNovember 1, 2011

That mirrors what is already happening in some states and voluntarily, as regulators in Texas and other regions require disclosure, even as energy companies reveal more of the information on an online, industry-backed database known as FracFocus. ...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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Law professor lists Pound Ridge 5BD for $1.15M
BlockshopperNovember 1, 2011

Mr. Heath, a lawyer, serves as an adjunct professor at the Moore School of Business of the University of South Carolina. He is also a consultant on law and business involving countries of the former Soviet Union. He is a former adjunct professor of law...more »

XPO Logistics Announces Third Quarter 2011 Results
MarketWatch (press release)November 7, 2011

Richard Metzler is responsible for acquisitions and business development. Mr. Metzler most recently served as chief commercial officer for Greatwide Logistics Services, LLC, with prior positions as executive vice president of marketing--Americas for ...more »

Commercial Bankruptcy
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Heller Estate Files Malpractice Suit Against Greenberg Traurig
Law.comNovember 1, 2011

That was several months before Heller wound up in bankruptcy. Attorneys at Trepel Greenfield Sullivan & Draa, Heller's special counsel, filed the complaint Monday afternoon in US Bankruptcy Court in San Francisco. Their complaint alleges that Greenberg ...more »

Internal Investigative Services
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Chief: Wadesboro police officer suspended over improperly disposing of meth ...
The RepublicNovember 13, 2011

Schutz says police are conducting an internal investigation. Schutz the officer didn't know what to do, so he called a drug detective and opted to dispose of the material instead of handing it over to the State Bureau of Investigations, ...more »

Commercial Leasing
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Captain Lawyer to the Rescue
Above the LawNovember 1, 2011

Here we get to see an odd commercial filmed in El Salvador (why not?), wherein the “Yo no soy marinero, soy capitan” part of La Bamba plays while Skirble delivers a voiceover in Spanish, including his “I speak your language” catchphrase. ...more »

International Transactions
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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 »

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 »

Scottish ministers face legal battle over minimum pricing of alcohol
The GuardianNovember 1, 2011

Dr Brian Keighley, chairman of the BMA Scotland, said Holyrood had already taken "great strides" on major public health issues such as banning smoking in public and reforming alcohol licensing, but needed to go further to tackle alcohol abuse. ...more »

Construction & Development
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China sends outspoken artist $2.4 million tax bill
The Associated PressNovember 1, 2011

Ai said Tuesday that he would not pay until police return his Beijing Fake Cultural Development Ltd. design company's account books and he discusses the matter with his former office manager and accountant, whom he says he has not been allowed to see. ...more »

Locating Funds
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Stimulus Money Unspent
Atlanta Journal Constitution (blog)November 2, 2011

The effectiveness of the original economic stimulus law passed in 2009 was again in the spotlight in Congress today, as lawmakers were told that almost half of one cabinet department's stimulus funds still have not been spent on green energy job ...more »

Contracts Involving State & Minicipality
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Legal awareness workshop for Netas
Times of IndiaNovember 3, 2011

About 850 panchayat members and municipal councilors from the district would attend the workshop organized in association with Kerala State Legal Services Authority and Thalassery Municipality. The workshop is conducted as part of the State Legal ...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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Tax Trouble: China Orders Artist Ai Weiwei to Pay $2.4 Million
TIME (blog)November 1, 2011

The burly, bearded provocateur countered that he does not owe the money and could not defend his design studio, Beijing Fake Cultural Development Ltd, without access to accounting books that were confiscated. "It's a game they play all the time," he ...more »

Mortgages & Foreclosures
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New law pushes Vegas off top of foreclosure list
Housing WireNovember 10, 2011

A new Nevada law that went into effect in October caused many mortgage servicers to pause the foreclosure process, knocking Las Vegas out of the top foreclosure rate in the country. It was a spot the city held for 22 consecutive months, ...more »

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

"It will cause many bankruptcies in the rest of the industry." For Solar Century, the proposal would significantly impact its business but would not push it into bankruptcy because it held large reserves of cash and had a big enough client base, ...more »

Non-Profit Corporations
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The BPJS law and fundamental changes to social welfare
Jakarta PostNovember 2, 2011

The status change of the four firms from limited liability companies to nonprofit state corporations is necessary for transparency. The status change would definitely provide people with greater budgetary transparency, such as open access to key ...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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Shareholder Class Action Filed Against K-V Pharmaceutical Company by the Law...
MarketWatch (press release)November 1, 2011

The Complaint charges KV and certain of its officers with violations of the Securities Exchange Act of 1934. KV is a specialty branded pharmaceutical company with a primary focus in the area of women's healthcare. Throughout the Class Period, ...more »

Debt Collection
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Facing state takeover, Harrisburg officials talk
ReutersNovember 1, 2011

Harrisburg became one of the most-high profile cities to opt for the little-used Chapter 9 of the US bankruptcy code, notably used nearly 20 years ago by Orange County, California. Municipal bankruptcies are rare. But if Harrisburg is successful in ...more »

Public Offerings
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New local lawyer joins team helping missing infant's parents
Kansas City StarNovember 2, 2011

Joseph Tacopina, a high-profile New York criminal defense lawyer who is representing the parents of Lisa Irwin, announced Tuesday that Kansas City's John Picerno would join the case. A public dust-up late last week between Tacopina and his previous ...more »

Debt Settlement
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Crude Declines for a Third Day on China Slowdown, European Debt
BusinessWeekNovember 1, 2011

Brent oil for December settlement dropped 0.5 percent to $109.08 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract's premium to US futures was at $16.44 a barrel, compared with a gap of $16.37 at yesterday's ...more »

Reorganizations & Restructuring
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Bankruptcy Court Approves Local Insight Media's Plan of Reorganization
MarketWatch (press release)November 4, 2011

"The Court's confirmation of our plan paves the way for our emergence from Chapter 11 as a leaner company, better positioned to meet our advertisers' needs for local search solutions," said Scott Brubaker, Interim President, CEO and Chief Restructuring...more »

Directors' & Officers' Liability
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Medical liability concerns drive hospital admission decisions
American Medical NewsNovember 2, 2011

The findings show that doctors consider factors other than patients' health when making admission choices, said co-author of the coronary study David Newman, MD, an emergency physician and director of clinical research in the Dept. of Emergency ...more »

State & Minicipal Bonds
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Businesses react to concealed carry law
Milwaukee Small Business Times (blog)November 2, 2011

Wisconsin's concealed carry law goes into effect today, and businesses must decide whether to allow employees, customers and vendors to carry handguns and other small weapons. Wisconsin businesses that take no action will by default ...more »

False Advertising
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Study: User tools to limit ad tracking are clunky
ComputerworldNovember 2, 2011

IDG News Service - People who want to limit the behavioral advertising and tracking they are subjected to on the Web aren't well served by some popular privacy tools, according to a Carnegie Mellon University study. ...more »

Trade Associations
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Memo: Legal challenge of BCS unlikely
ESPNNovember 3, 2011

Orrin Hatch, a Utah Republican and BCS critic who had asked for a DOJ investigation to determine if the BCS violated antitrust laws. In last year's memo, Hancock wrote that the BCS attorneys "have advised that in the unlikely event that the ...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
[read all news]
Citizens oppose Duke Energy's proposed rate hike
Yes! WeeklyNovember 2, 2011

That's an unfair choice that people have to make.” Edward S. Finley Jr., chair of the commission, opened the meeting by explaining the rate case process. After the public hearings conclude, the NC Utilities Commission will issue a written order ...more »

Federal Grants
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Accelerating Regional Job Creation and Innovation
Center For American ProgressNovember 2, 2011

The simple act of thoughtful coordination of federal funding for related activities, participants agreed, allows taxpayer money to be spent more effectively and efficiently to create more jobs by leveraging private capital. ...more »

Venture Capital
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Venture capital group's top entrepreneurs founded Accuri Cytometers, whose ...
Crain's Detroit BusinessNovember 5, 2011

That deal also will be honored during the event in Plymouth as venture exit of the year, which brought a significant return on the investment by two Ann Arbor venture capital firms: Arboretum Ventures LLC and Plymouth Venture Partners. ...more »

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