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 »

South Korea fines six LCD makers for price fixing
CNETNovember 1, 2011

LG, the second largest LCD maker, said it objected to the commission's decision and would appeal to the Seoul High Court. The probe and fines follows similar findings by EU and US antitrust watchdogs. Last December, the European Commission fined five ...more »

Business Law News and Stories

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Trial opens in NYC parking spat that injured woman
Sacramento BeeNovember 1, 2011

AP NEW YORK -- A defense lawyer has told a jury a man was justified in hitting a woman in a New York City parking space dispute that ended with her in a coma. The man says it was self-defense, but prosecutors say it was just angry ...more »

Foreign Investments
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Business confidence on the rise
Irish ExaminerNovember 1, 2011

And Ireland's attractiveness as a location for foreign direct investment (FDI) from the US continues to improve with research from law firm Matheson Ormsby Prentice showing that Ireland's tax regime is seen as an important advantage over other ...more »

Antitrust Law, Domestic
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David Hendricks: Drug company deals keep prices high
San Antonio ExpressNovember 1, 2011

Congress in 2003 passed a law forcing the drug companies to report such agreements to the FTC. When the FTC then filed lawsuits to stop the obvious “pay to delay” agreements, the courts ruled against the federal agency. Antitrust laws were not strong ...more »

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Do the numbers stack up?
Sydney Morning HeraldNovember 1, 2011

They co-ordinate the operators, they own the brand and, in many cases, they control the supply of the key products for the franchising business. ''On the other side, franchisees are often couples or individuals, many of whom enter the franchising...more »

Gaming Law
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Poker appeal is a bust in Portsmouth
The Virginian-PilotNovember 10, 2011

They proliferated to a half-dozen or more as Commonwealth's Attorney Earl C. Mobley steered clear of the games because of problems he saw in the murkiness of the state gambling law. Charles Daniels, operator of the now-defunct Poker Palace on Airline ...more »

Banking Law
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Financial Regulations: Obama Takes Another Swing at Big Banks
Business InsiderNovember 1, 2011

“Hoenig has been a critic of large banks, arguing they still pose a threat to the financial system and that the 2010 Dodd-Frank financial oversight law did not do enough to address the issue,” reports Reuters. If Hoenig takes the Vice Chairman role at ...more »

Government Construction Contracts
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Traveling back through the Advocate archives for Nov. 2
Green Bay Press GazetteNovember 2, 2011

They include looping the city with 69000-volt electrical transmission, ozone treatment of three city wells, replacing some water mains, and construction of a holding tank and septage tank dumping station at the treatment plant. » State Rep. ...more »

Business Formation
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Quote of the Day: Well, Many Lawyers Aren't Good at Math
Above the LawNovember 1, 2011

Our pace would have slowed down even further had we not been successful in making a much larger than usual number of fund formation and litigation placements for a four month period. * denotes multiple placements at the firm in question. ...more »

Institutional Investing
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Huntingdon Real Estate Investment Trust Prices $40 Million Public Offering of ...
Canada NewsWire (press release)November 3, 2011

... applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws. HREIT is a real estate investment trust which is listed on the Toronto Stock Exchange under the symbols HNT.UN (Trust Units) and HNT.DB. ...more »

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MF Global Acknowledged Diverting Customer Funds
Wall Street JournalNovember 1, 2011

By law, clearing firms like MF Global are required to "segregate" the funds of their customers from the firm's own assets and from one another. If a broker fails, separate accounts make it easier to transfer customers' futures positions and funds to ...more »

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

BENSALEM, Pa., Nov 01, 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") ...more »

Commercial Bankruptcy
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WSU hosts 'Business and the Bill of Rights'
Moscow-Pullman Daily NewsNovember 1, 2011

Business and the Bill of Rights, a free public symposium at WSU, will cover business, law and ethics topics. The symposium is 8 am-5 pm Saturday in Todd Hall 278. An online service is needed to view this article in its entirety. ...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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Venoco, Inc. Announces Third Quarter 2011 Financial and Operational Results
MarketWatch (press release)November 1, 2011

Venoco's third quarter lease operating expenses (LOE) of $18.06 per BOE were higher than previous quarters due primarily to non-recurring work at its offshore platforms, which included returning an idle well to production at Platform Grace. ...more »

International Transactions
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UK Urged to Ban Sale to Iran of Software Used to Crush Dissent
BusinessWeekNovember 8, 2011

Creativity Software this year sold a system that enables Iranian law enforcement and security forces to monitor cell phone locations, Bloomberg News reported on Oct. 31 citing three people familiar with the transaction. ...more »

Communications & Media
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Law firm documents add to heat on James Murdoch
ReutersNovember 1, 2011

The slow drip of information has severely damaged Rupert Murdoch's son James, the presumed heir to the media group, over his handling of the fallout and the implication that he tried to prevent the true scale of the problem from emerging. ...more »

Cambodian lawmakers approve law on acid attacks
Sin Chew Jit PohNovember 4, 2011

The legislation, expected to be approved by the senate and the king later this year, also regulates the licensing and sale of the caustic liquid, which is currently widely and cheaply available in the country. "The law will prevent acid offences," Teng ...more »

Construction & Development
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Protecting Rights Or Losing Jobs
WJTVNovember 2, 2011

“We don't think the state should have the power to take your property and turn it over to someone else for economic development," said Randy Knight, President of the Mississippi Farm Bureau Federation. Opponents say if initiative 31 becomes law, ...more »

Locating Funds
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Bishops, the White House and Sweeping Charges of Anti-Catholicism
Huffington PostNovember 5, 2011

Dozens of Catholic groups also have objected in recent weeks to a proposed HHS mandate -- issued under the health-care law -- that would require private insurers to provide women with contraceptive coverage without charge. On the trafficking contract, ...more »

Contracts Involving State & Minicipality
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Dubai Municipality holds annual suppliers forum
AME InfoNovember 1, 2011

Contracts and Purchase Department at Dubai Municipality has recently conducted Annual Suppliers Forum and honoured the best suppliers who excelled in performance this year. The Forum, being conducted annually, is aimed at bridging the distance between ...more »

Mergers, Acquisitions & Divestitures
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Lambert Edwards & Associates Acquires Atlanta-Based Investor Relations Firm IR ...
MarketWatch (press release)November 1, 2011

The firm also provides management and board consulting on corporate challenges ranging from mergers and acquisitions to initial public offerings, turnarounds, divestitures, shareholder proxy fights and other crisis management issues. ...more »

Corporate Finance & Taxation
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Is Switzerland Losing Its Status As an International Tax Haven?
PolicyMicNovember 2, 2011

A recent Bloomberg report speculated that Swiss banks will finally spill the beans and share the names of US account holders, in order to settle sweeping US criminal probes of offshore tax evasion, according to five anonymous sources with knowledge of ...more »

Mortgages & Foreclosures
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This Week: Europe Trembles, Cain Parries, MF Files
Wall Street JournalNovember 5, 2011

Documents a month signed by one GMAC staffer for use in foreclosure lawsuits, according to his deposition last year. On Tuesday, US bank regulators launched a foreclosure review to compensate homeowners "financially harmed" by the robo-signing spree. ...more »

Creditor's Rights
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Solyndra executives collected hefty bonuses in months before Fremont company...
San Jose Mercury NewsNovember 2, 2011

(Cindi Christie/Contra Costa Times) Senior executives at Solyndra collected hefty bonuses -- ranging from $37000 to $60000 apiece -- as the Fremont company bled cash and careened toward bankruptcy this summer. Bankruptcy documents filed in Delaware ...more »

Non-Profit Corporations
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Bullying policies not specific
Columbus DispatchNovember 5, 2011

In Worthington, those include race, color, national origin, ancestry, citizenship, religion, sexual orientation, handicap, age or sex. Westerville's protections are similar but add marital status. In Bexley and Grandview Heights, students with limited ...more »

Customs Disputes
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Chinese challenge dumping duties
Sydney Morning HeraldNovember 1, 2011

Customs, however, has found that regardless of ownership, ''the level of control and regulation by the Chinese government in the aluminium industry in China is so significant that primary aluminium producers and suppliers are in fact responding to the ...more »

Professional Corporations
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Practical Law Company and Dorsey & Whitney to Present Free Webinar, "Document ...
MarketWatch (press release)November 4, 2011

During this one-hour presentation, Dorsey & Whitney litigation partner Steven R. Schoenfeld and Melissa Lorenzo, Editor, PLC Litigation, will also address the impact of cloud computing on document retention policies, compliance pitfalls and the ...more »

Debt Collection
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Better Business Bureau scam alert
Beaufort ObserverNovember 1, 2011

The Fair Debt Collection Practices Act prohibits debt collectors from using abusive, unfair, or deceptive practices to collect from consumers. BBB has been alerted that consumers are receiving calls from scam artists who claim that there is a virus on ...more »

Public Offerings
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Vernon mayor resigns after criticism over vote
Los Angeles TimesNovember 1, 2011

Mayor Hilario “Larry” Gonzales was one of three council members who voted to promote Vernon's interim city attorney Oct. 18 without placing the item on the meeting agenda. State Sen. Kevin De Leon (D-Los Angeles) assailed the council members for the ...more »

Debt Settlement
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More wrangling over estate of late James Brown
Albany Times UnionNovember 2, 2011

(Brett Flashnick / AP) Deanna Brown Thomas speaks to the media after justices of the South Carolina Supreme Court listened to arguments by lawyers for family and trustees of the estate of James Brown, in Columbia, SC, Tuesday, Nov. 1, 2011. ...more »

Reorganizations & Restructuring
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Utah officials take Air Force to task over AFMC restructuring decisions
The Warner Robins PatriotNovember 9, 2011

The Utah delegation said its attempts at dialogue and partnership with the Air Force had been rebuffed for months by Donley and other Air Force leaders “even as Air Force Materiel Command's reorganization plans were being drafted in haste and behind ...more »

Directors' & Officers' Liability
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Concealed Carry in the Work Place? (blog)November 2, 2011

Here are a few frequently asked questions on the law and how (if any) affect this will have on your liability insurance. Can an Employer prohibit employees from carrying a concealed weapon (CW)? Yes, an employer is protected by law from prohibiting ...more »

State & Minicipal Bonds
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Electronic health records save money but pose privacy risks, says Pamplin ...
HealthCanal.comNovember 7, 2011

The US legal framework for health care privacy, she says, is “a hodgepodge of constitutional, statutory, and regulatory law at the federal and state levels.” Hiller and her co-authors believe that though federal efforts to protect privacy seem to be a ...more »

False Advertising
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New Target for Advertisement
Advertisement JournalNovember 1, 2011

Times are changing for advertisements. With the advancements in technology, more people are using the Internet and advertisers are definitely taking advantage of this. Advertising for certain products has become especially easy for advertisers. ...more »

Trade Associations
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Leagle.comNovember 4, 2011

... to avoid having these claims dismissed as untimely (see Workers' Compensation Law § 28), twice registered as a "participant in [the] World Trade Center rescue, recovery and clean-up operations" (Workers' Compensation Law § 162). ...more »

Federal Contracts
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Health Net 3Q Profit Falls 1.4% Amid Tricare Pact Changes >HNT
Wall Street JournalNovember 2, 2011

Health Net Inc.'s (HNT) second-quarter earnings fell 1.4% as the managed-care provider reported a steep decline in government contract revenue caused by changes in terms of its new contract to provide care for military families and retirees. ...more »

Unfair Competition
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Lloyds: the pot of gold remains out of reach
The Guardian (blog)November 8, 2011

In the case of Lloyds, though, internal tensions seem to be built into the machine since the bank is trying to preserve Halifax's identity to persuade the outside world that there is internal competition between brands. It's an odd way to live, ...more »

Federal Grants
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Flagship Welsh Government scheme co-ordinator 'abused trust when she realised ...
WalesOnlineNovember 1, 2011

The jury heard how the charity received a £23200 grant from the Heritage Lottery Fund for a Coracle Project – to provide practical training for the construction and use of coracles. Included in the grant was £3799 for a trailer. The grant was paid in ...more »

Venture Capital
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Chicken Little & Life Science Venture Capital
ForbesNovember 1, 2011

Seems like every day there's another piece of news about the drop in Life Science venture capital (and here), with bouts of flagellation around each new quarterly press release from NVCA/PwC MoneyTree, Dow Jones VentureSource, or CB Insights. ...more »


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