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

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US Labor Department to begin campaign against violations in Georgia
The Augusta ChronicleNovember 1, 2011

... child labor and overtime laws. Al Villoch, a community outreach specialist with the department, said the agency will conduct visits to businesses all over Georgia from November through April, focusing on franchise restaurants. ...more »

New law would revamp Illinois School Report Cards
Chicago TribuneNovember 1, 2011

Organizers held more than 60 focus groups statewide, said Robin Steans, executive director of the nonpartisan education policy group Advance Illinois and the co-chair of the committee that oversaw the redesign project. "If we do our job right," Steans ...more »

Business Law News and Stories

Advertising
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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 »

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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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 »

Franchising
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1-800-GOT-JUNK? Founder Launches Second Home-Services Company
PR.com (press release)November 2, 2011

It was his chance meeting in 2010 with the 1-800-GOT-JUNK? founder that took his idea and company to the next level. Between Scudamore's knowledge of franchising and Bodden's knowledge of painting, 1-888-WOW-1DAY! Painting is set to completely ...more »

Gaming Law
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Colorado auditor: Casino tax system hampers competition
Bizjournals.comNovember 8, 2011

The report, issued to the Legislative Audit Committee, was more far-reaching than most audits, which typically analyze whether state funds are being spent efficiently and whether state departments are enforcing or following laws passed by the ...more »

Banking Law
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Korea Prosecutors Indict More Than 100 on Savings Bank Probe
BusinessWeekNovember 2, 2011

The accused include former Financial Supervisory Service Governor Kim Jong Chang for holding a stake in a Busan Savings Bank unit in violation of ethics laws, the Supreme Prosecutors Office said in an e-mailed statement today. ...more »

Government Construction Contracts
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Napoleon exile isle to get airport
The Press AssociationNovember 3, 2011

... southern Atlantic island will be financed by the UK Government, International Development Secretary Andrew Mitchell said. Mr Mitchell said that in real terms the agreed contract for design and construction of the airport represented a saving of 20% ...more »

Business Formation
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Career Ed Corp's CEO Steps Down in Wake of Job Placement Rate Abuses
New America Foundation (blog)November 2, 2011

Career Education Corporation's chief executive officer Gary McCullough resigned abruptly on Tuesday after an internal investigation found improprieties at a number of the company's Health Education and Art & Design schools related to how they determine ...more »

Institutional Investing
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European financial crisis opens door to investment from cash-rich Japanese suitors
Financial TimesNovember 4, 2011

Speaking on 1 November at a mergermarket roundtable entitled “A Resilient Japan – Outbound M&A”, the speakers, who were drawn from banks, law firms, corporates and accountancy groups, said Japanese companies were keener than ever to expand outside of ...more »

Commercial
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Law Offices of Howard G. Smith Announces Class Action Lawsuit Against ...
Business Wire (press release)November 2, 2011

(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of purchasers of the common stock of OmniVision Technologies, Inc. (“OmniVision” or the “Company”) (NASDAQ:OVTI) between August 27, ...more »

Redistricting offers Asian-Americans a political opportunity to gain fair ...
New York Daily NewsNovember 1, 2011

Instead, we drew new district lines based on “communities of interest,” which are recognized under the Voting Rights Act and extend beyond race and ethnicity. In the 1996 redistricting case, Diaz v. Silver, a federal court in New York accepted our ...more »

Commercial Bankruptcy
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Concealed carry means businesses must be aware of legal risks of welcoming ...
FOX6Now.com 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 »

Internal Investigative Services
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Volusia adopts cautious approach on information about employee investigations
Daytona Beach News-JournalNovember 2, 2011

Volusia County is changing the way it releases internal investigations of its employees, citing a past attorney general's opinion that a notice of discipline doesn't necessarily mean a case is over. ...more »

Commercial Leasing
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Brewin Dolphin takes Spinningfield office
Manchester Evening NewsNovember 1, 2011

It joins national law firm McGrigors and cloud service provider Outsourcery, flagship designer store Emporio Armani and restaurant Australasia. A 15-year lease has been agreed with developer Allied London and building owner IM Properties. ...more »

International Transactions
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Pomerantz Law Firm Investigates Claims on Behalf of Investors of Sonesta ...
GlobeNewsWire (press release)November 3, 2011

... is investigating claims on behalf of investors of Sonesta International Hotels Corporation ("Sonesta" or the "Company") concerning the proposed acquisition of Sonesta by Sonesta Acquisition Corporation in a cash transaction valued at $174 million. ...more »

Communications & Media
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TATT warns TV6 on rape video
Trinidad NewsNovember 1, 2011

By Newsday Staff Tuesday, November 1 2011 The Telecommunications Authority of Trinidad and Tobago (TATT) has written to Director of Public Prosecutions Roger Gaspard asking him to investigate whether the video clip depicting the rape of a 13-year-old ...more »

Bill to ban texting while driving in PA goes to governor
Montgomery NewspapersNovember 2, 2011

Of the more than 40 other states have upgraded their Graduated Driver Licensing laws, as much as a 40 percent drop in the number of fatal crashes involving 16-year-old drivers has been reported, according to the release. A bill to ban texting while ...more »

Construction & Development
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Ken Sagan Named Chair of Stites & Harbison
Citybizlist (press release)November 2, 2011

Following the firm's annual meeting in January, Sagan will oversee 250 lawyers in eight cities, including Atlanta, where the firm has an office. Sagan is a business lawyer who has spent his entire legal career with Stites & Harbison beginning in 1983. ...more »

Locating Funds
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How Zuckerberg's money is being spent in Newark schools
Washington Post (blog)November 3, 2011

According to this story in the Newark Star-Ledger, records obtained by the Education Law Center in Newark show that of the first $13 million spent out of the total $148 million donated, about a third has been been spent since September 2010 to pay ...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 »

Mortgages & Foreclosures
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How to handle any debt
WNEM SaginawNovember 8, 2011

Often, consumers enter a debt management plan (DMP) that lasts up to five years. The agencies collect a monthly fee from consumers, as well as revenue from the credit card companies. C) Debt settlement providers, also known as credit advocates, ...more »

Corporate Finance & Taxation
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Perry's tax plan loses near $1 trillion: report
ReutersNovember 1, 2011

The Texas governor has seen his popularity fall while Cain has moved ahead with his so-called 9-9-9 plan for radically altering current taxation methods. Perry's optional flat tax plan would cost about $570 billion in foregone federal revenues if ...more »

Non-Profit Corporations
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LoJack Corporation Reports Third Quarter 2011 Results
MarketWatch (press release)November 7, 2011

LoJack has proven processes and technology for recovery - Radio Frequency - and unique integration with law enforcement agencies, making its offerings proven solutions that not only deliver a wide range of recoveries, but also enhance public safety. ...more »

Creditor's Rights
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Former head of bankrupt solar energy firm was awarded $456000 severance agreement
Washington PostNovember 1, 2011

New court documents show the founder and former CEO of solar panel maker Solyndra Inc. negotiated a severance package worth almost half a million dollars. Documents the company filed in bankruptcy court in Delaware also show the executive, Chris Gronet ...more »

Professional Corporations
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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 »

Customs Disputes
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REED SMITH LAUNCHES GLOBAL ENERGY & NATURAL RESOURCES GROUP
LawfuelNovember 1, 2011

Reed Smith is a global relationship law firm with more than 1600 lawyers in 23 offices throughout the United States, Europe, Asia and the Middle East. Founded in 1877, the firm represents leading international businesses, from Fortune 100 corporations ...more »

Public Offerings
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Citigroup, BNY, News Corp., Union Bank, Goldman in Court News
BusinessWeekNovember 7, 2011

... Global Markets Ltd., undertook a “fraudulent scheme” to sell nine mortgage-related CDOs to Moneygram from 2005 to 2007, according to a complaint filed Oct. 26 in state court in Minneapolis. Citigroup allegedly marketed the CDOs as investment grade. ...more »

Debt Collection
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Harrisburg Bankruptcy Judge Tells Vendors City Can Pay Them
BusinessWeekNovember 1, 2011

US Bankruptcy Judge Mary D. France agreed today to issue what she called a “comfort order” requested by Mayor Linda Thompson stating that federal bankruptcy law allows the city to pay its routine bills without the court's special permission. ...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 »

Debt Settlement
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Shining spotlight on solar panel bankruptcy
Washington TimesNovember 1, 2011

The White House's half-billion-dollar loan to a now-bankrupt solar-energy firm is just the first act in an emerging scandal of insider political influence over a deeply flawed clean energy program. What has come to light so far as part ...more »

State & Minicipal Bonds
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GOP-led Michigan House OKs workers' comp changes
BusinessWeekNovember 3, 2011

Republicans say the measure updates Michigan's workers' compensation laws, reflects recent court rulings and could help crack down on fraud while encouraging injured workers to seek some type of employment when they're able. The proposal clarifies that ...more »

Directors' & Officers' Liability
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OneBeacon Unveils New Physicians Policy
BernewsNovember 1, 2011

1] announced that it is expanding its health care offerings to include a stand-alone extended reporting period [ERP] policy for physicians who require claims-made professional liability coverage due to changing employment status or moving from one ...more »

Trade Associations
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Dubai widens jurisdiction of DIFC Courts
ArabianBusiness.comNovember 1, 2011

... following an overhaul of the Gulf emirate's commercial legal system. The Dubai Government on Monday widened the court's jurisdiction to allow companies based outside the tax-free business park to bring their cases before the common law court. ...more »

False Advertising
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Online medium to be the next big thing in advertising: Experts
Economic TimesNovember 1, 2011

According to McKinsey & Company, at present, around 100 million users have access to mobile Internet in India. "As we move to 350 million plus from this 100 million at present, in the next three to five years...clearly online advertising will grow ...more »

Unfair Competition
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Beer in markets? The question comes to a head
Wilton BulletinNovember 4, 2011

“It's sort of unfair to (liquor stores) at this point that all of a sudden beer is going to be in supermarkets.” John Rider, manager of perishables at Stop & Shop, said the town seemed to be embracing the idea. ”I just hope it goes through,” he said. ...more »

Federal Contracts
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B.C. mayor optimistic about RCMP contract talks
CTV.caNovember 1, 2011

OTTAWA — There appears to be a new tone in RCMP contract talks between Canada's provinces and the federal government just weeks after the federal government issued an ultimatum to sign a deal or lose the RCMP. Langley, BC, Mayor Peter Fassbender, ...more »

Venture Capital
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FIU to host Americas Venture Capital event
MiamiHerald.comNovember 7, 2011

Florida International University's Americas Venture Capital Conference will take place Nov. 16-17 at the Biltmore Hotel in Coral Gables. The registration fee for the America's Venture Capital Conference is $599. Conference registration includes ...more »

Federal Grants
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Northwest Federal Credit Union Foundation Grants $20000 to Four Fairfax County ...
Sacramento BeeNovember 2, 2011

2, 2011 -- /PRNewswire-USNewswire/ -- Northwest Federal Credit Union Foundation granted a total of $20000 to four Fairfax County public schools to be used for staff professional development and technological advances for the classroom. The grants were ...more »

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