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 »

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 »

Business Law News and Stories

Advertising
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Pa. companies behind website that advertised prostitutes to plead guilty to ...
Washington PostNovember 1, 2011

Two Philadelphia-based companies have been charged with running a website used by prostitutes and escort services to advertise, federal prosecutors announced Tuesday. National A-1 Advertising Inc. and RS Duffy Inc. agreed to plead guilty to money ...more »

Foreign Investments
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US FDI investors view Ireland as a good place to do business
Siliconrepublic.comNovember 1, 2011

Ireland's low Corporate Tax rate remains the key factor for attracting foreign direct investment from the US, new research from law firm Matheson Ormsby Prentice reveals. Matheson Ormsby Prentice represents 27 of the world's 50 largest banks and more ...more »

Antitrust Law, Domestic
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The Churn: Lateral Moves and Promotions in The Am Law 200
The American LawyerNovember 1, 2011

Wiesel's practice covers those areas as well as international arbitration, regulatory and criminal investigations, antitrust cases, and actions involving the interests of foreign sovereigns. As Wiesel puts it: "I'm not the end of this process, ...more »

Franchising
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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 »

Gaming Law
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MANVILLE: Tuesday's vote could put state on path to allowing legal sports betting
Packet OnlineNovember 2, 2011

“The court noted that sports gambling is illegal in New Jersey, hence, there is no imminent threat that anyone will seek to enforce the federal law in New Jersey,” the LWV paper said. If the constitutional amendment is approved, the federal courts may ...more »

Banking Law
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Man held over 'financial irregularities'
Irish TimesNovember 1, 2011

Gardaí arrested the man this morning as part of an ongoing inquiry by the National Bureau of Fraud Investigation and the office of the Director of Corporate Enforcement. It is understood the institution concerned is Anglo Irish Bank. ...more »

Government Construction Contracts
[read all news]
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 »

Business Formation
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Collis to head CD&P's London office
Royal GazetteNovember 1, 2011

Conyers Dill & Pearman yesterday announced the appointment of Bermudian lawyer Charles Collis as head of the firm's London office as it continues to build its global business. In his new role, Ms Collis will oversee the London office's ...more »

Institutional Investing
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The Law Firm of Levi & Korsinsky Notifies Investors with Losses on Their ...
SYS-CON Media (press release)November 2, 2011

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder ...more »

Commercial
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Franchise lawyer rewarded
Sunshine Coast DailyNovember 1, 2011

Mr Sutherland, who runs boutique firm Icon Law with employment lawyer wife Christina, won the National Contribution to Franchising Award and a special Outstanding Contribution Award at the Franchise Council conference earlier this month. ...more »

Arizona's SB 1070 defense fund draws donations from across nation, world
Bellingham HeraldNovember 1, 2011

"SB 1070 touches on an issue that other states have an interest in," Wells said. "So, it's really no surprise why people around the US have an interest in it." The top 10 states for donations to Gov. Jan Brewer's SB 1070 legal defense fund, ...more »

Commercial Bankruptcy
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MF Global, Beacon Power, Real Mex, Lehman, PPI, NEC: Bankruptcy
BusinessWeekNovember 1, 2011

15 in US Bankruptcy Court in Delaware to consider the motion for conversion to Chapter 7. Based in Uniondale, New York, NEC filed under Chapter 11 in June 2010, saying assets and debt were both less than $500 million. Liabilities included $74.3 million ...more »

Internal Investigative Services
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Panel Subpoenas Emails on Solyndra
Wall Street JournalNovember 4, 2011

WASHINGTON—A House panel voted Thursday to subpoena internal White House emails related to a government loan guarantee given to failed solar-power company Solyndra LLC. The House Subcommittee on Oversight and Investigations voted 14-9 ...more »

Commercial Leasing
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Offices failing the green test face hefty fines
eco-business.comNovember 1, 2011

The Commercial Building Disclosure (CBD) program – also known as mandatory disclosure – requires that a Building Energy Efficiency Certificate be issued if more than 2000 square metres of office space is sold, leased or sub-leased. ...more »

International Transactions
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The Players, The Transactions, The Contracts and the Legal Environment
Who's Who LegalNovember 2, 2011

The talent of these attorneys rests on their fluency in the language of international franchising – the players, the transactions, the contracts, and the legal environment. International franchising is alive and well notwithstanding daunting global ...more »

Communications & Media
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Ghana: New Communications Technologies to Strengthen Democracy
AllAfrica.comNovember 1, 2011

While Parliamentarians play a crucial role in facilitating the promotion and use of ICTs for development, through policy, legislation, and regulations, the very same ICTs open new vistas for citizens to engage in governance. Primarily a Memorandum of ...more »

Law firm wants taxis to help boost local business
NW Evening MailNovember 2, 2011

A firm of solicitors have called for taxis in the Barrow borough to be allowed to carry city-style adverts M TAYLOR REF: S62031B Livingstons has called for town hall chiefs to re-examine laws which govern advertising. The council's licensing committee ...more »

Construction & Development
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The Lawyer Business is Booming in Buffalo
Town HallNovember 1, 2011

Business is booming. Apparently, they make no attempt to help people get mortgage modifications. It seems their main objective is to create fear for the homeowner and always foreclose. With the housing market continuing to slide, one would think that a ...more »

Locating Funds
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Throne-Holst Returns Contributions Above Legal Limit
Patch.comNovember 4, 2011

But Throne-Holst said that she had refunded the extra money to the donors and that for the most part, the donors had reissued the funds to the town and county Democratic committees. In a letter delivered to the supervisor's office on Oct. 14, Kabot, ...more »

Contracts Involving State & Minicipality
[read all news]
Brewer may call special session to cull redistricting commission
Arizona Daily StarNovember 1, 2011

"There's no case law on it, so it's defined by the Legislature," said Biggs, an attorney. "Gross misconduct is essentially what the Legislature says gross misconduct is." Senate President Russell Pearce agreed that the Legislature is not bound by any ...more »

Mergers, Acquisitions & Divestitures
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Jones Day Welcomes Energy Capital Markets Partner Darrell Taylor To Houston Office
Citybizlist (press release)November 15, 2011

He has also helped clients negotiate, document and complete mergers and acquisitions and divestitures and prepare for and respond to takeover bids. "Darrell's experience will be an asset to our clients in Houston and in important capital markets around ...more »

Corporate Finance & Taxation
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H&R Block Can't Proceed With TaxAct Maker Deal, US Judge Rules
BusinessWeekNovember 1, 2011

1 (Bloomberg) -- H&R Block Inc. was barred by a federal judge from proceeding with its proposed $287.5 million acquisition of the maker of TaxAct products because it would diminish competition in the tax preparation market. ...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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Kramer Levin Named Law Firm of the Year in Bankruptcy Litigation
PR Newswire (press release)November 1, 2011

1, 2011 /PRNewswire/ -- Kramer Levin Naftalis & Frankel LLP is pleased to announce that the firm was named the first "Law Firm of the Year" in Bankruptcy Litigation 2011-2012, by US News & World Report - Best Lawyers Best Law Firms survey, ...more »

Non-Profit Corporations
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Columbia University Community Benefits Agreement in Chaos Due to Questions ...
The Nonprofit QuarterlyNovember 8, 2011

Vincent and her colleague Melissa Klein report that AG Schneiderman is looking into the West Harlem Local Development Corporation, a nonprofit that was created to receive and disburse $74 million or $76 million (we've seen both numbers in news ...more »

Customs Disputes
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U.S. Government Glossed Over Cancer Concerns As It Rolled Out Airport X-Ray ...
ProPublicaNovember 1, 2011

But with the 2009 federal stimulus package, which provided $300 million for checkpoint security machines, the TSA began deploying backscatters as well. Rapiscan won a $173 million, multiyear contract for the backscatters, with an initial $25 million ...more »

Professional Corporations
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SM Energy Prices $350 Million Private Offering of Senior Unsecured Notes Due 2021
MarketWatch (press release)November 3, 2011

The notes have not been registered under the Securities Act of 1933 or applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the ...more »

Debt Collection
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State Suspends ARM Firm's License; Company Responds
InsideARMNovember 1, 2011

The licensing of debt buyers and collectors in the state of Maryland has been a source of confusion for many operating there, primarily due to contradictory statements from various state agencies.more »

Public Offerings
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Attorney George E. Mundy releases public statement
Cedartown StandardNovember 3, 2011

Editor's note: Cedartown attorney George E. Mundy released the following public statement Thursday, in response to Wednesday's arrest of attorney Miles Gammage: Following the arrest of Miles L. Gammage on Wednesday, I received a number of telephone ...more »

Debt Settlement
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The Citigroup Settlement: Legal Fiction Exposed
Huffington Post (blog)November 1, 2011

In last week's blog, I wrote about the proposed settlement with Citigroup over its sale of $1 billion in toxic housing debt. Citigroup allegedly didn't tell the investors who bought this debt that it exercised significant influence over the selection ...more »

Reorganizations & Restructuring
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General Motors Europe Names New Chief
Wall Street Journal (blog)November 7, 2011

Since 1999, GM has lost more than $13 billion on Opel, despite multiple restructuring efforts. The company had reached a deal to sell Opel in 2010 after its reorganization in bankruptcy court, but backed off at the eleventh hour. In the past year, ...more »

Directors' & Officers' Liability
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Minister says Steel Mills a liability, wants govt to get rid of it
DAWN.comNovember 2, 2011

“Cases have been referred to the FIA as CEOs of these companies are involved in misappropriation of funds,” PIDC`s director Khalid Mehmood told newsmen. He said the audit of Furniture Pakistan and the Gems and Jewellery Centre were almost complete, ...more »

State & Minicipal Bonds
[read all news]
Romario blasts FIFA on proposed World Cup law
BusinessWeekNovember 3, 2011

Brazilian law forbids alcohol sales in stadiums during matches. It also states that students and senior citizens pay only half price for tickets. But the proposed law would let FIFA sponsors who sell alcohol do business in stadiums, prohibit wearing of ...more »

False Advertising
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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 »

Trade Associations
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Canada: Trade & Customs
Who's Who LegalNovember 2, 2011

Pearson has represented clients in trade remedy and customs cases before all relevant Canadian tribunals and courts, including the only two cases in the past 50 years involving customs and international trade remedy laws to be heard by the Supreme ...more »

Federal Contracts
[read all news]
Transocean Files Motion for Summary Judgment in U.S. Federal Court to Compel ...
MarketWatch (press release)November 1, 2011

Vernier, Switzerland, Nov 01, 2011 (Thomson Reuters ONE via COMTEX) -- Transocean Ltd. / Transocean Files Motion for Summary Judgment in US Federal Court to Compel BP to Honor Its Contractual Indemnity Obligations . Processed and transmitted by Thomson ...more »

Unfair Competition
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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 »

Federal Grants
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Area trails get $3M in federal grants
Madison County HeraldNovember 1, 2011

A plan to connect metro-area communities through multipurpose trails received a jumpstart Friday when state transportation officials announced more than $3 million in federal grants...more »

Venture Capital
[read all news]
AGARI Announces $2.5M Funding From Alloy Ventures, Battery Ventures, First ...
MarketWatch (press release)November 2, 2011

Based in Palo Alto, California, the partners of Alloy Ventures have been providing venture capital funding to entrepreneurs since 1977. With over $1 billion under management, Alloy's focus is on the next generation of ground-breaking Life Science, ...more »

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