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 »

The Art of Flight giveaway
ESPNNovember 1, 2011

To do so, send an email to with your address change. 12. System Malfunctions. Additional entries beyond the specified limit from any one person, household or email address will be void. The name of the "authorized account holder" ...more »

Business Law News and Stories

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Keating Muething & Klekamp Receives National Recognition in "Best Law Firms ...
MarketWatch (press release)November 1, 2011

CINCINNATI, Nov 01, 2011 (BUSINESS WIRE) -- US News Media Group and Best Lawyers(R) released the 2011-12 Best Law Firms rankings in which Keating Muething & Klekamp PLL (KMK(R)) received three national rankings and 28 first tier metropolitan rankings. ...more »

Foreign Investments
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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 »

Antitrust Law, Domestic
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Law Offices of Howard G. Smith Announces Class Action Lawsuit Against K-V ...
MarketWatch (press release)November 3, 2011

BENSALEM, Pa., Nov 02, 2011 (BUSINESS WIRE) -- Law Offices of Howard G. Smith, representing investors of KV Pharmaceutical Company ("KV" or the "Company") , has filed a class action lawsuit in the United States District Court for the Eastern District ...more »

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Warren Buffett Avoids These Types of Businesses
GuruFocus.comNovember 1, 2011

In the eyes of this investor, the business world splits into two different types of companies: commodity-type businesses and franchises. The term commodity-type business refers to those companies that can only be competitive in the market if they ...more »

Gaming Law
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MTR Gaming Group Reports Third Quarter 2011 Results
Business Wire (press release)November 4, 2011

... the enactment of future gaming legislation in the jurisdictions in which we operate (including the implementation of casino gaming in Cleveland and Columbus, Ohio and the implementation of video lottery terminals at racetracks in Ohio), changes in, ...more »

Banking Law
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Former Twin Falls Inmate Says He Deserves Reward for Robbery Info
Twin Falls Times-NewsNovember 1, 2011

Even so, information he gave investigators about last winter's Twin Falls bank robberies could net him up to $20000. Albertson said Monday that he's been in touch with US Bank and First Federal Savings Bank concerning each's offer of a $10000 cash ...more »

Government Construction Contracts
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GovWin Recon: Nov. 4: One NGEN Award; Congress Defeats Transport
govWin (blog)November 4, 2011

How Big a Role Does Past Performance Play in Federal Construction Contracts? [GovWin] – A Government Accountability Office report [PDF] on three agencies finds that past performance is the top evaluation criteria on procurements looking for the best ...more »

Business Formation
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Marathon Oil Plans to Sell as Much as $3 Billion in Assets
BusinessWeekNovember 1, 2011

1 (Bloomberg) -- Marathon Oil Corp., the energy producer that spun off its refining business in June, plans to sell up to $3 billion in assets during the next two to three years and increase its holdings in US shale formations. ...more »

Institutional Investing
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Sunday Buzz 'Red flag' seen before investment firm's collapse
The Seattle TimesNovember 6, 2011

Johnson wrote that investors could hope to recover anywhere from $20 million to $50 million over two to three years as Spangler's "largely illiquid" investments are unwound. Haas, the law professor, has no firsthand knowledge of the Spangler case but ...more »

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Hiring of lawyers is rising slowly, survey shows | Philadelphia Inquirer ...
Philadelphia InquirerNovember 1, 2011

The demand is for lawyers with several years of experience in litigation, commercial transactions and health care, reflecting a modest uptick in work in those practice areas, the survey said. "Signs of a tightening talent market are becoming more ...more »

Law Offices of Howard G. Smith Announces Investigation of INX, Inc.
MarketWatch (press release)November 2, 2011

... or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, ...more »

Commercial Bankruptcy
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US Judge Bars a Suit for Victims of Madoff
New York TimesNovember 2, 2011

... the two giant banks will be limited to those that fall under the terms of the federal bankruptcy code, which allows Mr. Picard to recover fictional profits withdrawn during a specific period before the collapse of the Madoff fraud in December 2008. ...more »

Internal Investigative Services
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Investigation into Idaho lab radiation leak underway
KXLH Helena NewsNovember 9, 2011

Lab officials say in a news release that the initial body scans on 16 employees potentially exposed to radioactive materials were completed Tuesday night, and the employees were offered precautionary treatment for internal radiation exposure and went ...more »

Commercial Leasing
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U.S. News - Best Lawyers Ranks Akerman Senterfitt Among "Best Law Firms ...
Sacramento BeeNovember 1, 2011

As part of this year's Best Law Firms rankings, Akerman was named US News - Best Lawyers "Law Firm of the Year" in Litigation - Real Estate. For the first time, one law firm in each of the practice areas ranked nationally received the prestigious 2011 ...more »

International Transactions
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Goldman's 'Possible' Legal-Loss Tab: $2.6 Billion
Wall Street JournalNovember 9, 2011

Goldman added the Federal Housing Finance Agency (as conservator for Fannie Mae and Freddie Mac) and the National Credit Union Administration to a growing list of entities that have filed suit against it over mortgage securities. ...more »

Communications & Media
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VirnetX Awarded New Security Patent
PR Newswire (press release)November 1, 2011

... "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's patent portfolio, licensing efforts and the litigation in the Eastern District of Texas. ...more »

Biz deadline delayed due to Ala. immigration law
Rome News TribuneNovember 4, 2011

Approximately 300 people marched protesting the tough immigration law. (AP Photo/The Decatur Daily, Gary Cosby Jr.) MONTGOMERY, Ala. (AP) — Alabama has pushed back the deadline for businesses to get their state and county licenses because of ...more »

Construction & Development
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HunterMaclean receives 21 'first tier' awards from U.S. News & World Report
Savannah Morning NewsNovember 1, 2011

In the survey, HunterMaclean was recognized with first-tier rankings in the following categories: commercial litigation, construction law, employee benefits (ERISA) law, employment law – management, environmental law, health care law, immigration law, ...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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Turning Off the Water: How the Contracting and Transaction Provisions of ...
MarketWatch (press release)November 1, 2011

1, 2011 /PRNewswire via COMTEX/ -- Today, the Immigration Policy Center releases Turning off the Water: How the Contracting and Transaction Provisions of Alabama's Immigration Law Makes Life Harder for Everyone by Joan Friedland. ...more »

Mergers, Acquisitions & Divestitures
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Buyers Accumulate Shares of Evercore Partners, Up 7.5%
Financial News Network OnlineNovember 28, 2011

The firm provides advisory services to multinational corporations on mergers, acquisitions, divestitures, restructurings and other corporate transactions. Evercore also manages private equity funds for institutional investors. By Adrienne Chilton.more »

Corporate Finance & Taxation
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Local attorney permanently disbarred from the practice of law
Ledger IndependentNovember 1, 2011

The order addressed the state tax fraud convictions as well, noting Jackson-Rigg was automatically suspended from the practice of law after pleading guilty to the charges. According to the order, Jackson-Rigg has not been re-instated. ...more »

Mortgages & Foreclosures
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Some UAE banks sue property defaulters
Emirates 24/7November 3, 2011

... which had won the first foreclosure order in Dubai in 2010, became the first bank to successfully sell a property (villa in the Springs community) at a public auction for Dh1.22 million. According to Boustany, under the UAE mortgage laws, ...more »

Creditor's Rights
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Sandlot venture group investors saying they want their money back
San Jose Mercury NewsNovember 1, 2011

But now the glitz is gone, leaving investors and creditors wondering if they'll ever see their money again. In January, Sandlot's managing director, Don Herman of Monte Sereno, resigned amid allegations that the money was squandered. ...more »

Non-Profit Corporations
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Circle Star Energy Appoints Jeff Johnson as CEO
MarketWatch (press release)November 7, 2011

He currently serves on the Advisory Board of Planet Resource Recovery, an EOR service company and on the Board of Directors of Y2M (Young Men Moving), a non-profit organization established to mentor young men who may not have positive male role models ...more »

Customs Disputes
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Roundtable: Franchise 2011
Who's Who LegalNovember 2, 2011

Manitoba's Franchises Act received royal assent on 17 June 2010 and Regulations are expected to be published under this Act sometime in early 2012. The legislation in all four provinces, like consumer protection legislation, is remedial in nature and ...more »

Professional Corporations
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Proformative Unveils Ratings and Reviews for Business by Businesspeople
MarketWatch (press release)November 1, 2011

Proformative Business Reviews debuts with ratings and reviews on corporate service providers in tax, audit, corporate law, facilities, banking, insurance, technology, HR, logistics and other business areas. Proformative Business Reviews is available at ...more »

Debt Collection
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San Diego Bankruptcy Lawyers Offering Free Initial Consultation to Growing ...
PR Web (press release)November 1, 2011

The San Diego bankruptcy lawyers at the law firm of the Golden State Law Group hereby announce that the firm is offering a free initial consultation to the growing number of seniors who may need bankruptcy protection based on statistics provided by the ...more »

Public Offerings
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New allegations leveled against Mayor Lee campaign
San Francisco ChronicleNovember 2, 2011

AP Exclusive: Third worker says Cain harassed her 11.02.11 Mayor Ed Lee and his opponents in next week's mayoral race called on the district attorney and state election officials Wednesday to investigate money laundering allegations against supporters ...more »

Debt Settlement
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San Diego Bankruptcy Lawyers Offering Free Initial Consultation to Growing ...
San Francisco Chronicle (press release)November 1, 2011

The San Diego bankruptcy lawyers at the law firm of the Golden State Law Group hereby announce that the firm is offering a free initial consultation to the growing number of seniors who may need bankruptcy protection based on statistics provided by the ...more »

Reorganizations & Restructuring
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HMH Reorganization Bypasses Trade Division
Publishers WeeklyNovember 14, 2011

Linda K. Zecher, the former Microsoft executive who took over as CEO of Houghton Mifflin Harcourt in September, is implementing a sweeping reorganization of its education operation aimed at creating a single, unified business. The reorganization, which ...more »

Directors' & Officers' Liability
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Churches consider concealed carry criteria
WAOWNovember 2, 2011

But if something violent were to happen on church property, he said liability is also a big concern. "There is some belief from some of our institutions that we insure, that if they take the proactive measure of posting signs it might affect some of ...more »

State & Minicipal Bonds
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Legal Requirements for Doing Business | Location Canada
Area Development OnlineNovember 2, 2011

In the province of Quebec, a corporation must have either a bilingual name or a French version of its name, unless the name is a registered trademark. Meetings of the directors of both federal and, for example, Ontario corporations, may be held either ...more »

False Advertising
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Follow From the Wires
SalonNovember 1, 2011

NEW YORK (AP) — Internet company Yahoo Inc. has agreed to buy online advertising network Interclick Inc. for $270 million in cash. The deal announced Tuesday will help Yahoo target advertisements to its online audience. Yahoo has agreed to pay $9 per ...more »

Trade Associations
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Baltic Trading Limited Announces Third Quarter Financial Results
MarketWatch (press release)November 1, 2011

The timing and amount of dividend payments will depend on our earnings, financial condition, cash requirements and availability, fleet renewal and expansion, restrictions in our loan agreements, the provisions of Marshall Islands law affecting the ...more »

Federal Contracts
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Federal Labor Law Violations Provoke Teamsters Strike at US Foods
MarketWatch (press release)November 1, 2011

More recently, the company agreed to a $30 million settlement with the Department of Justice in the face of charges that it fraudulently overcharged the Department of Defense and Veterans' Administration under contracts to supply American servicemen ...more »

Unfair Competition
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Bad laws allowed Seretse acquittal
The Bostwana GazetteNovember 2, 2011

The BCPYL believes that insider trading is ominous for the economy as it misrepresents free market competition by conferring unfair advantage on dastardly politicians and their business connections. Ministers and senior officials set up companies ...more »

Federal Grants
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Leaders show support for $45 million intermodal port facility
Jacksonville Daily RecordNovember 1, 2011

On the day applications were due for a federal infrastructure grant program, supporters of a new Jacksonville Port Authority intermodal container transfer facility gathered at the Dames Point Marine Terminal to discuss ...more »

Venture Capital
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US Private Equity and Venture Capital Investments Ended First Half of 2011 ...
MarketWatch (press release)November 1, 2011

BOSTON, MA, Nov 01, 2011 (MARKETWIRE via COMTEX) -- Amidst a still challenging global macroeconomic environment, private equity and venture capital funds in the US continued to generate positive returns for their investors during the quarter ending ...more »


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