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

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UPI NewsTrack Business
UPI.comNovember 1, 2011

Burroughs predicted membership at the nine-branch credit union would grow 5 percent this year, compared to 4 percent in 2010, The Detroit News reported Monday. With a new law limits the amount banks can charge when a consumer uses a debit card at a ...more »

Tribune Judge Denies JPMorgan, Aurelius Reorganization Plans
BusinessWeekNovember 1, 2011

The lower-ranking creditors already have filed lawsuits related to the LBO, including cases against Zell and Tribune's shareholders. The bankruptcy case is In re Tribune Co., 08-bk-13141, US Bankruptcy Court, District of Delaware (Wilmington).more »

Business Law News and Stories

Advertising
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David Williams' father-in-law gives another $1.5 million to political committee
Louisville Courier-JournalNovember 1, 2011

The father-in-law of Republican gubernatorial candidate David Williams has contributed $1.5 million more to a political committee that is paying for most of the broadcast advertising advocating Williams' election. Terry Stephens, a Russell Springs ...more »

Foreign Investments
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David Coulthard: stewards must interpret law consistently after Lewis Hamilton ...
Telegraph.co.ukNovember 1, 2011

For the past 60 years the club has run the circuit, with no government help and under continual pressure from new foreign government-backed circuits, and done a brilliant job of doing so. Now the circuit needs extra investment and if the board decides ...more »

Antitrust Law, Domestic
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Law Offices of Howard G. Smith Announces Investigation of MF Global Holdings Ltd.
MarketWatch (press release)November 5, 2011

BENSALEM, Pa., Nov 04, 2011 (BUSINESS WIRE) -- Law Offices of Howard G. Smith announces that it is investigating potential claims against MF Global Holdings Ltd. ("MF Global" or the "Company") /quotes/zigman/7192996 MFGLQ -7.88% concerning possible ...more »

Franchising
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Playing katch-up with the Kardashians
Capital New YorkNovember 1, 2011

The special is expected to pull in $12 million to $15 million for the Kardashian family franchise and for the show's producer, Ryan Seacrest. Today's New York Post, reporting on the news yesterday that Kardashian had filed for divorce from Humphries ...more »

Gaming Law
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Local business people
Daily Mail - CharlestonNovember 4, 2011

Sarah Cameron, a 2011 graduate of the University of Kentucky's law school, is in the Lexington, Ky., office. Kevin Gillen, a 2011 graduate of the WVU College of Law, is in the Morgantown office. Imbrogno is in the firm's Corporate/Business Practice ...more »

Banking Law
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When the tide's out you learn who's been swimming naked
Mortgage IntroducerNovember 1, 2011

It was shortly after the credit crunch hit us that we noticed a sharp increase in mortgage fraud prosecutions. That was simply because those schemes had been banking on the ever increasing property market. When the mortgage market collapsed and ...more »

Government Construction Contracts
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Former Mullin deputy benefits from no-bid county contracts
The Detroit NewsNovember 2, 2011

Metro Detroit government agencies surveyed by The Detroit News said they sometimes hire outside consultants to monitor construction contracts, while others use internal employees. Blackwell said an owner's representative typically makes between 1.5 ...more »

Business Formation
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Source Consulting Group LLC Releases Results of 2011 Finance Operations Survey ...
MarketWatch (press release)November 1, 2011

CHICAGO, Nov 01, 2011 (BUSINESS WIRE) -- Source Consulting Group LLC ("Source") announced today the results of its 2011 Finance Operations Survey of law firms. The Survey provides legal and professional service firms with industry benchmark and ...more »

Institutional Investing
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California law could help boost investment in emerging hedge fund managers
Hedge Funds Review MagazineNovember 1, 2011

The US state of California has signed a law requiring giant pension providers Calpers and Calstrs to increase investments in emerging alternative managers, including hedge funds. A new California law could create greater opportunities for emerging ...more »

Commercial
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Finkelstein Thompson LLP Announces Investigation of interCLICK, Inc.
MarketWatch (press release)November 2, 2011

WASHINGTON, Nov 02, 2011 (BUSINESS WIRE) -- The law firm of Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of interCLICK, Inc. ("interCLICK" or the "Company") /quotes/zigman/115000/quotes/nls/iclk ICLK +0.22% ...more »

The Law Firm of Weiss & Lurie Investigates American Dental Partners, Inc.
MarketWatch (press release)November 7, 2011

NEW YORK, Nov 07, 2011 (BUSINESS WIRE) -- 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 ...more »

Commercial Bankruptcy
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Surviving Sanctions
Financial-Planning.comNovember 1, 2011

In one example, Jesse L. Dietz, a planner in Baytown, Texas, who previously worked for Amegy Bank and for Zions Direct, applied for certification from the CFP Board, but also filed in 2007 for protection under Chapter 7 of federal bankruptcy laws. ...more »

Internal Investigative Services
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Study:Yoga Gets Women With Back Pain Moving
USA TodayNovember 1, 2011

The finding comes on the heels of similar results from a US investigation published last week by University of Washington researchers in the Archives of Internal Medicine. That study found that sufferers of chronic lower back pain could get pain relief ...more »

Commercial Leasing
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Brookfield Office buys Four World Financial Center
CTV.caNovember 1, 2011

In a related development, Brookfield has a deal to lease 767000 square feet of office space at the World Financial Center in Lower Manhattan to Bank of America. "Renewing Bank of America/Merrill Lynch for a sizable amount of space at the World ...more »

International Transactions
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Practical solutions to articling crisis
Canadian Lawyer MagazineNovember 7, 2011

The number of graduates will increase even further when the new law school at Lakehead University comes on stream. Second, more and more international law graduates are seeking accreditation in Canada. The University of Toronto has gone as far as ...more »

Communications & Media
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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 »

West Watford convenience store alcohol licence bid thrown out
Watford ObserverNovember 1, 2011

Before the hearing the applicants, a Selvaranee Srithas and Mounisha Srithas, said they were willing to have conditions added to a new licence including training for staff on licensing laws. However no one from DKSR turned up to this morning's hearing ...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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$2.2M In S*T*O*P Violence Against Women Act Funding
Bay NetNovember 1, 2011

The VAWA program is administered by the Governor's Office of Crime Control & Prevention (GOCCP) which provides funding to law enforcement, prosecution, the court system and non-profit, non-government victim service agencies. ...more »

Contracts Involving State & Minicipality
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Greenberg Traurig Takes Top Spot in Florida on mergermarket Legal Adviser ...
MarketWatch (press release)November 1, 2011

MIAMI, Nov 01, 2011 (BUSINESS WIRE) -- The international law firm Greenberg Traurig LLP once again ranks among the world's top mergers and acquisitions legal advisers, according to league table reports published by Bloomberg, mergermarket and Thomson ...more »

Mergers, Acquisitions & Divestitures
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Jenner & Block Expanding its Representation of Clients in the Media and ...
Virtual Press Office (press release)November 10, 2011

On a transactional front, they have been responsible for strategic mergers, acquisitions, divestitures, and key licensing deals in a broad array of media. Jenner & Block's Los Angeles office opened in 2009 with two former Kirkland & Ellis partners, ...more »

Corporate Finance & Taxation
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'Take action against VAT evaders'
Himalayan TimesNovember 1, 2011

“We are firmly committed that all taxpayers should pay tax according to law,” it said, adding that fair enterpreneurship should be promoted by taking action against all those involved in tax evasion. It has also demanded comprehensive investigation on ...more »

Mortgages & Foreclosures
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Troops, Families Deserve Financial Protection
Department of DefenseNovember 3, 2011

“Once in the service, military personnel don't make a whole lot of money, especially at the beginning, but it's a guaranteed paycheck in this time of economic uncertainty, and it's subject to garnishment,” she said. “That has led to a whole lot of ...more »

Creditor's Rights
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Lyman Lumber finds a buyer
Minneapolis Star TribuneNovember 1, 2011

Lyman Lumber Co., the 114-year-old building supplies company that filed for Chapter 11 bankruptcy in August after struggling during the housing bust, has found a buyer for most of its businesses. BlackEagle Partners, a private equity firm based in New ...more »

Non-Profit Corporations
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Hospitals Show Solid Increase in EHR Meaningful Use Readiness: HIMSS
eWeekNovember 2, 2011

HIMSS is a nonprofit organization focused on guiding the health care industry on how to improve care by using IT systems. President Obama signed the HITECH Act in February 2009 as part of the American Recovery and Reinvestment Act to set aside $27 ...more »

Customs Disputes
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US law enforcement strike force intercepts two drug-laden submarines
Government Security NewsNovember 2, 2011

The Panama Express Strike Force, said Immigration and Customs Enforcement on Oct. 31, took custody of 19720 pounds (8963 kilograms ) of cocaine on Oct. 28 in a case that is being pursued by the team of investigators, which includes special agents from ...more »

Professional Corporations
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Thompson & Knight Named “Law Firm of the Year” in Oil & Gas Law
PR.com (press release)November 3, 2011

Our leadership in this field is a further reflection of the great results that we have achieved for our clients in a wide variety of transactions and in all manner of controversies, both domestically and internationally, in all facets of the industry. ...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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IMMIGRATION LAW: State AG Balks at DOJ Request
WBHMNovember 3, 2011

But today, it was unclear when or whether that information would be provided, as state Attorney General Luther Strange challenged the DOJ's authority to demand the data. US Assistant Attorney General Thomas Perez, head of the DOJ's Civil Rights ...more »

Debt Settlement
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Suit Drags on Against the Lawyer Who Wrote the Book On Legal Mal
Texas LawyerNovember 1, 2011

Hilton Stein, the once dean of legal -malpractice lawyers who went bankrupt and has been on disability inactive status since 2002, is fighting to stave off trial of a nearly 10-year-old suit by a former client. The case, Mehta v. Stein, Bankr. No. ...more »

Reorganizations & Restructuring
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Wayzata firm now has biggest slice of Perkins
Minneapolis Star TribuneNovember 2, 2011

Perkins & Marie Callender's Inc., the restaurant owner and franchiser, won bankruptcy court approval of its restructuring plan giving noteholders control of the company. Under the reorganization plan approved in Delaware, Minnesota-based private equity ...more »

Directors' & Officers' Liability
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OneBeacon Professional Insurance Announces Extended Reporting Period Policy ...
PR Newswire (press release)November 1, 2011

Features and benefits of the product include a new set of limits, deductible options, broad coverage including defense costs paid in addition to limits of liability, and specialized claim handling by a team with law and clinical backgrounds. ...more »

State & Minicipal Bonds
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New law designed to help small business get through bureaucratic red tape
WTAQNovember 2, 2011

GREEN BAY, WI (WTAQ) - A new law signed by Governor Walker will help cut through the bureaucratic red tape for small business owners. It helps small business comply with rules a state agency has written and reduces fines for minor violations. ...more »

False Advertising
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Advertising More Tempting for Schools
Advertisement JournalNovember 1, 2011

Advertising is the new way for schools to make up for money that is lost in revenue. Schools are constantly seeing a drop in income due to enrollment and government cutbacks. The Twin Cities Township as come up with a new and creative way to create ...more »

Trade Associations
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Trade group questions Calif. plastics mislabeling lawsuit
OCRegisterNovember 4, 2011

It is the first action that Attorney General Kamala Harris' office has taken to enforce the state's 2008 law that bans the use of the words “biodegradable,” “degradable” or “compostable” in labeling plastic food or beverage containers. ...more »

Federal Contracts
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INLAND: Chaudhuri accused of fraud, racketeering
Press-EnterpriseNovember 2, 2011

The lawsuits accuse Chaudhuri and his associates of fraud, racketeering, breach of contract and unfair business practices. The medical groups and Dada are seeking more than $1 million in damages. Chaudhuri couldn't be reached Tuesday because he is out ...more »

Unfair Competition
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Occupy Wall Street Could Be The New Bull Moose
Neon TommyNovember 1, 2011

This power has been abused, in monopoly of national resources, in stock watering, in unfair competition and unfair privileges, and finally in sinister influences on the public agencies of state and nation. We do not fear commercial power, but we insist ...more »

Federal Grants
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Are Pirates state bound?
Cibola County BeaconNovember 1, 2011

GRANTS/TULAROSA – At the “Port of the Pirates” Friday night, the Grants Pirates may have secured a state tournament berth with their 62-7 demolishing of visiting Gallup, while further south, the Laguna-Acoma Hawks faced a top-ranked foe ...more »

Venture Capital
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Medical Devices: Venture Capitalists Lobby to Change FDA Approval Process
NASDAQNovember 2, 2011

Now it appears that venture capitalists are putting their money towards streamlining how the FDA approves medical devices, reports the New York Times. Minnesota representative Erik Paulsen is currently sponsoring a bill to smooth the FDA's approval ...more »

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