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

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Failed Solar Company's Auction Draws Bargain Hunters
New York TimesNovember 1, 2011

To some people, the bankruptcy of the solar-module maker Solyndra shows the folly of government trying to pick winners in technology markets. To others, the furor over its $535 million federal loan guarantee represents an attack on the solar industry ...more »

Court: School was Right to Ban "Islam is of the Devil" Shirts
Opposing ViewsNovember 1, 2011

... policy banning “clothing or accessories that ... denigrate or promote discrimination for or against an individual or group on the basis of age, color, disability, national origin, sexual orientation, race, religion, or gender” was constitutional. ...more »

Business Law News and Stories

Advertising
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Craig Law-Smith Joins Amobee
Asia Media JournalNovember 1, 2011

SINGAPORE – Amobee, the company defining mobile advertising, today announces the appointment of Craig Law-Smith as Strategy and Business Development Director of the Asia Pacific. Headquartered in Amobee's APAC headquarters in Singapore, Law-Smith will ...more »

Foreign Investments
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Romney Investment Group Linked To Ponzi Scheme
ThinkProgressNovember 1, 2011

Tagg Romney helped found Solamere Advisors with an investment from Solamere Capital. ThinkProgress also asked about the allegedly fraudulent profits made by his partners in helping orchestrate the Stanford Ponzi scheme and the current effort by ...more »

Antitrust Law, Domestic
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SOPA: Hollywood's latest effort to turn back time
CNETNovember 1, 2011

Legislation has been introduced that would apply or adapt a vast corpus of industrial-age laws to online behavior, including not only copyright and trademark abuse but also privacy, crime, antitrust, net neutrality, spam, spyware, data retention and ...more »

Franchising
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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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Editorial: More secrecy on casinos
Milford Daily NewsNovember 3, 2011

By Anonymous After years of debate, legislation legalizing casino gambling in Massachusetts is on the threshold of becoming law. The House and Senate have passed separate bills, by large margins. A conference committee is now charged with resolving the ...more »

Banking Law
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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 »

Government Construction Contracts
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Calls for $200m Waterfront design contract
Perth NowNovember 2, 2011

THE State Government wants a managing contractor to complete the estimated $200 million of design and construction work for the Perth Waterfront project. Planning Minister John Day, who is calling for expressions of interest (EOI) regarding the ...more »

Business Formation
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'Little Nicky' Scarfo's son charged in massive fraud
Philadelphia InquirerNovember 1, 2011

Authorities allege that Pelullo and Scarfo were behind-the scenes operatives who orchestrated a series of business deals in which FirstPlus bought or invested in companies the two had set up in Philadelphia and South Jersey. ...more »

Institutional Investing
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Law issued which makes Dubal a corporation
gulfnews.comNovember 1, 2011

According to the law, the corporation, which operates on a commercial basis and is affiliated to the Dubai Investment Corporation, will be headquartered in Dubai, and its board of directors has the right to open branches inside and outside the emirate. ...more »

Commercial
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Dallas Intellectual Property Law Firm Adds Partner, Changes Name
Sacramento BeeNovember 1, 2011

His experience also includes Chicago law firm Kirkland & Ellis, where he was Partner, and Occidental Chemical Corporation, where he served as Vice President and General Counsel. "Keith's experience in high-stakes commercial litigation is unparalleled," ...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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Goldman buys real estate portfolio from Lehman
BusinessWeekNovember 1, 2011

The sale was previously approved by the bankruptcy court in August. The portfolio is comprised of 10 buildings representing 3 million square feet of space and 30 percent of all commercial real estate in Rosslyn, Va. Monday Properties, which originally ...more »

Internal Investigative Services
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Is NYPD Internal Affairs Asleep At The Wheel?
GothamistNovember 3, 2011

A damning article in today's Times begins by pointing out that all the recent corruption allegations and indictments in the NYPD have one thing in common: none of the investigations began with Internal Affairs. This spate of unrelated corruption ...more »

Commercial Leasing
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Commercial Property news in brief
Manchester Evening NewsNovember 1, 2011

We saw significant interest in the property as a result a new lease was subsequently negotiated with MAX.” “Demand for serviced apartment accommodation has remained strong throughout the UK, and Manchester is no exception; the city is one of Europe's ...more »

International Transactions
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Jones Walker Closes Transaction with Watkins Ludlam
Sacramento BeeNovember 7, 2011

Jones, Walker, Waechter, Poitevent, Carrere & Denegre LLP (www.joneswalker.com), with more than 375 attorneys, provides a comprehensive range of legal services to a national and international corporate client base in highly regulated industries through ...more »

Communications & Media
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Judge rejects both reorganization plans for Tribune
Crain's Chicago BusinessNovember 1, 2011

Tribune is attempting to exit Chapter 11 bankruptcy protection after nearly three years of wrangling. It's one of the longest-running cases since bankruptcy rules were revised about six years ago to give creditors more leeway to shape reorganizations. ...more »

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 »

Construction & Development
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Bribes, Bureaucracy Hobble India's New Entrepreneurs
Wall Street JournalNovember 1, 2011

A handful of Indians control 80% of stock-market capitalization, and big companies have privileged access to land and government contracts, according to a 2009 Asian Development Bank report. Mr. Alva, the X-ray entrepreneur, says government officials ...more »

Locating Funds
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Obama health care law has unexpected beneficiaries
The Associated PressNovember 3, 2011

Employer-sponsored health insurance for retirees has been shriveling for years, ever since companies were required to report the estimated liability to investors. Democrats who wrote the new law wanted to provide an incentive for employers to keep ...more »

Contracts Involving State & Minicipality
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For the Second Straight Year, Sidley Receives the Most First-Tier National ...
MarketWatch (press release)November 1, 2011

NEW YORK & CHICAGO, Nov 01, 2011 (BUSINESS WIRE) -- Repeating its performance in the inaugural USNews -- Best Lawyers "Best Law Firms" survey, Sidley Austin LLP has once again received more first-tier national rankings than any other US law firm, ...more »

Mergers, Acquisitions & Divestitures
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Nalco Reports Strong Double-Digit Third-Quarter Sales and EPS Growth; Raised ...
MarketWatch (press release)November 2, 2011

... rate changes and acquisitions and divestitures. (2) Excluding impact of one-time sales of dispersant products used for the Gulf of Mexico emergency response in 2010. (3) Operating earnings adjusted for restructuring expenses and unusual items. ...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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DNC head claims GOP sees economic failure as election strategy
Iowa IndependentNovember 1, 2011

... while the president is focused on saving homeowners thousands of dollars each year by helping them refinance their mortgages, Mitt Romney went to Nevada and told the Las Vegas Review-Journal that we should not “try to stop the foreclosure process. ...more »

Creditor's Rights
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Thompson & Knight Named “Law Firm of the Year” in Oil & Gas Law
Citybizlist (press release)November 1, 2011

... and individuals in all areas, including commercial and tort litigation, finance, banking, securities, mergers and acquisitions, taxation, intellectual property, corporate governance, creditors' rights, real estate, labor, white collar defense, ...more »

Non-Profit Corporations
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The Jupiter-Tequesta-Hobe Sound Association of Realtors®, a nonprofit...
TCPalmNovember 1, 2011

JUPITER — The Jupiter-Tequesta-Hobe Sound Association of Realtors®, a nonprofit organization, held their 27th Annual Golf Tournament on Friday, Oct. 14, 2011 at Jupiter Country Club. Chairman Jason Flannery and his committee of Jacquie Gold, Tim Burke ...more »

Customs Disputes
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Customs trained to spot items that can kill
The NationalNovember 3, 2011

Customs and law enforcement agencies spend decades training their officers to recognise these items," he said. "The challenge with dual-use items is that they change as technology changes, making their identification that much more difficult. ...more »

Professional Corporations
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Dallas Intellectual Property Law Firm Adds Partner, Changes Name
MarketWatch (press release)November 1, 2011

"Keith brings a wealth of trial experience covering federal securities, corporate governance, antitrust, unfair competition, lender liability, commercial contracts, toxic tort, bankruptcy, real estate, environmental law, employment discrimination, ...more »

Debt Collection
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Judge rejects both Tribune bankruptcy exit plans
Los Angeles TimesNovember 1, 2011

In a 126-page opinion, US Bankruptcy Judge Kevin J. Carey said neither plan was confirmable under the Bankruptcy Code and threatened to appoint a bankruptcy trustee to resolve the case if the company and its warring creditors can't come up with a ...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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Three Pillars of Reform for the Super Committee
Heritage.orgNovember 3, 2011

Congress must get serious about the nation's spending and debt crisis now. Budgets are about setting priorities. Sadly, there is not enough emphasis on this point emanating from the super committee. Instead it seems to be cobbling together a collection...more »

Reorganizations & Restructuring
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Cabinet mulls overhaul
Manila BulletinNovember 14, 2011

Deputy Presidential Spokeswoman Abigail Valte clarified that the restructuring of the Cabinet is not immediate and is just part of the President's proposals to enhance service rendered to the nation. “The President has said that there is always room ...more »

Directors' & Officers' Liability
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Seven Branscomb PC Attorneys Named on “The Best Lawyers in America's 2012” List
PR Web (press release)November 2, 2011

We would like to congratulate each Branscomb PC attorney that was selected as Best Lawyers 'Lawyer of the Year' for 2012.” Branscomb PC is an 18-member business law firm with offices in Corpus Christi and Austin, Texas. The firm works collaboratively ...more »

State & Minicipal Bonds
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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 »

False Advertising
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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 »

Trade Associations
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Why the Best Jobs Program Is Trade Reform
Huffington Post (blog)November 8, 2011

However, to any economist, such a loss borders on the catastrophic because of this Iron Law of Job Creation: For every additional GDP growth point our economy generates annually, we create one million new jobs. It follows from this Iron Law that the ...more »

Federal Contracts
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Meeting on Mullin dismissal at issue
The Detroit NewsNovember 2, 2011

Tuesday, Wayne County Auditor General Willie Mayo agreed to audit county vendors and payroll going back two years. He'll also see how Mullin's severance was allowed, said Commissioner Ilona Varga, D-Lincoln Park. Commissioners also want to know if ...more »

Unfair Competition
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Abingdon Liquors fined $3000, license suspended
Baltimore SunNovember 3, 2011

"I think this is very serious," Commissioner Randall Worthington Sr. said, adding that it created unfair competition for business owners that do follow the rules. Board members found Ruby Tuesday Inc. on Baltimore Pike in Bel Air failed to have a ...more »

Federal Grants
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Clallam County to use grant for police laptop purchase
Peninsula DailyNovember 1, 2011

The Panasonic Toughbooks and their accessories will be funded through a $505904 federal Stonegarden grant that Clallam County received in 2010. The county is expected to execute the $98882 personal services agreement with the Tempe, Ariz., ...more »

Venture Capital
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For Venture Capital, Silicon Valley Zip Code Not Required
Business InsiderNovember 2, 2011

... Seattle, Pennsylvania, Boston, California (three in SoCal, three in NoCal), Texas and Europe. So if you agree and don't believe you need a zip code in the Silicon Valley to be successful, then your venture capital firm doesn't need one either. ...more »

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