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

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Unsecured creditors likely to lose nearly half money owed by Browns ...
Manchester Evening NewsNovember 1, 2011

The firms face an anxious wait as administrators for Browns Construction Group battle for payments from long-running contract disputes against the company, which helped force it into administration in August. But administrators from Begbies Traynor ...more »

'We need new laws against cyber crime' says security specialist NCC Group
Manchester Evening NewsNovember 1, 2011

The government needs to draft in new legislation to combat the growing threat of cyber crime to businesses and public sector organisations. That is the view of the boss of Manchester security specialist NCC Group, who reacted to warnings from Iain ...more »

Business Law News and Stories

Advertising
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3VR's CrimeDex Expands to Six Continents to Combat Financial Crime Internationally
Sacramento BeeNovember 1, 2011

1, 2011 /PRNewswire-USNewswire/ -- 3VR, the video intelligence company, today announced that the CrimeDex online collaborative network of more than 3000 fraud, loss prevention and law enforcement professionals has partnered with the International...more »

Foreign Investments
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EB-5 visa program for wealthy investors growing rapidly
Denver PostNovember 1, 2011

A limit of 10000 foreign investors and family members can earn EB-5 visas annually but they receive no guarantee of any return on their investments. They also can face deportation if their money fails to create 10 jobs in the two years following the ...more »

Antitrust Law, Domestic
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Butler Rubin Named Among Best Law Firms in U.S. News Media Group and Best ...
EON: Enhanced Online News (press release)November 1, 2011

... including antitrust, competition law and opt-out antitrust litigation; class actions; defense of corporate directors and officers; mortgage insurance; credit insurance; insolvency; creditors' rights; and products liability and mass tort matters. ...more »

Franchising
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Franchise Tag is No Problem for Green Bay Packers' Jermichael Finley: Fan's Take
Yahoo! SportsNovember 1, 2011

However, he made a somewhat surprising confession about the possibility of being franchise tagged if both parties can't reach an agreement. According to Finley: "If they do that, I'm down with that. I ain't going to be pissed off. I just love the game, ...more »

Gaming Law
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Questions Over New German Gambling Proposal
Online Casino ReportsNovember 1, 2011

By John W | Nov 01, 2011 Germany still poses a challenge for European online gambling regulators, even though the country has introduced industry reformed following European Commission objections about the nature of its gambling regulations. ...more »

Banking Law
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Banks Show Vulnerability To Consumers' Ire
Lez Get RealNovember 1, 2011

Bank of America decided that, with new laws limiting the amount of money they could charge businesses for customers swiping a credit or debit card, that they would just have to replace that money by taking it from the customers. ...more »

Government Construction Contracts
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Saudi construction deals reach $48b in 9 months
Saudi GazetteNovember 2, 2011

It said the value of contracts awarded during the third quarter reached SR95.1 billion, which shows that "the government continues to place an overwhelming emphasis on capital expenditures to meet its commitment to improve the kingdom's physical and ...more »

Business Formation
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American Tower Corporation (AMT) Announces Quarterly Results
LocalizedUSANovember 1, 2011

American Tower Corporation (AMT) announced its quarterly results on Tuesday. The company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters consensus estimate of $0.25 by $0.29. The company's quarterly revenue was up 22.8% ...more »

Institutional Investing
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JPMorgan, UBS Win Dismissal of Madoff Trustee Picard's Common-Law Claims
BloombergNovember 1, 2011

Trustee Irving Picard lacks standing to demand common-law damages on behalf of customers of Bernard L. Madoff Investment Securities LLC, US District Judge Colleen McMahon ruled today in New York. The decision also eliminates most of the $2 billion in ...more »

Commercial
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Kansas city missing baby case becoming a circus, critics say
ReutersNovember 1, 2011

KANSAS CITY, Mo (Reuters) - A former lawyer for the parents of a missing Kansas City baby said on Monday she quit in a dispute with a rival New York lawyer, the latest twist in a case that some critics see as a legal and media circus. ...more »

Law Office of Brodsky & Smith, LLC Announces Investigation of INX, Inc.
MarketWatch (press release)November 4, 2011

BALA CYNWYD, Pa., Nov 04, 2011 (BUSINESS WIRE) -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of INX, Inc. ("INX" or the "Company") /quotes/zigman/99133/quotes/nls/inxi INXI ...more »

Commercial Bankruptcy
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MF Global India: Remain 'Financially Strong'
Wall Street JournalNovember 1, 2011

By KHUSHITA VASANT MUMBAI -- Brokerage MF Global Sify Securities India Pvt. Ltd. Tuesday said its operations haven't been hurt despite its US parent filing for bankruptcy protection, and that the local company remains "financially strong and robust". ...more »

Internal Investigative Services
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Congressman calls on feds to examine Prime's billing, taxes
California WatchNovember 7, 2011

Based on another California Watch story, Filner is also asking the Internal Revenue Service to investigate the hospital chain's "apparent tax evasion," based on a charitable gift from a Prime foundation. Filner made his request in two letters: one to ...more »

Commercial Leasing
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Trial Techniques: What lawyers should (and shouldn't) worry about in the courtroom
Wisconsin Law JournalNovember 1, 2011

In the past decade, she has worked on high-profile cases with a focus on employment and labor law, intellectual property, products liability and other complex commercial litigation. She can be reached at Alexandra@alexandrarudolph.com.more »

International Transactions
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Yum's Proposed Little Sheep Takeover Approved
Wall Street JournalNovember 8, 2011

China's restaurant industry has been open to foreign investment and takeovers, according to Torsten Stocker, a partner at US strategy consulting firm Monitor Group, pointing to Philippine fast-food giant Jollibee Co., which entered the Chinese market ...more »

Communications & Media
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Burson-Marsteller Launches Fan Experience
MarketWatch (press release)November 1, 2011

NEW YORK, Nov 01, 2011 (BUSINESS WIRE) -- Burson-Marsteller, a leading global public relations and communications firm, today announced the launch of the Fan Experience, a specialty offering by the firm's US Consumer and Brand Marketing Practice ...more »

Oklahoma massage therapists should be licensed
NewsOK.comNovember 6, 2011

Unfortunately, without statewide licensing, consumers, law enforcement and local governments must spend a lot of time and money dealing with people who use the name of massage to hide prostitution. Massage therapists not only have to be subjected to ...more »

Construction & Development
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OCDA Building Warehouse for Silgan Plastics
Wheeling IntelligencerNovember 2, 2011

... The Intelligencer / Wheeling News-Register The Ohio County Development Authority is building a new warehouse for Silgan Plastics at The Highlands. During an OCDA board meeting Tuesday, members approved a $5.02 million bank loan for construction of ...more »

Locating Funds
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Israel touts 'advanced legal structure' to fight terror
Jerusalem PostNovember 1, 2011

Terror financing, which relies heavily on legal funding sources, often uses funds raised by nonprofit groups and NGOS, including charities. Landes told The Jerusalem Post on Monday that the Counter-terrorism Bill, which the Justice Ministry's ...more »

Contracts Involving State & Minicipality
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Report: MF Global Broke Law, Did Not Keep Client Funds Separate
The AtlanticNovember 1, 2011

(And having had him speak at my business-school graduation, I can see why.) The unholy glee in his fall has been surprisingly well distributed across the many corners of the internet. But I held off--in part because I was mired in that somewhat ...more »

Mergers, Acquisitions & Divestitures
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Lambert Edwards & Associates Acquires Atlanta-Based Investor Relations Firm IR ...
Sacramento BeeNovember 2, 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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Alabama lawyer's art being auctioned by IRS
al.comNovember 1, 2011

(AP) — The Internal Revenue Service says nearly 250 paintings and photographs that once belonged to Birmingham attorney Russell J. "Jack" Drake will be auctioned off Nov. 16 in Birmingham. The IRS says the artwork by Kerry James Marshall, ...more »

Non-Profit Corporations
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Thomson Reuters Reports Third-Quarter 2011 Results
MarketWatch (press release)November 1, 2011

Unless otherwise noted, all revenue growth comparisons in this news release are before the impact of foreign currency as Thomson Reuters believes this provides the best basis to measure the performance of its business. All revenue growth and operating ...more »

Creditor's Rights
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Weiland, Golden, Smiley, Wang Ekvall & Strok, LLP Recognized In the 1st Tier ...
MarketWatch (press release)November 2, 2011

Philip E. Strok focuses his practice on business reorganizations and bankruptcy and insolvency matters. He served as counsel to the Official Equity Committee in the Fremont General case, and confirmed a plan of reorganization for Parkview Hospital in ...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 »

Customs Disputes
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Resolving workplace disputes without legal action
PersonnelToday.comNovember 1, 2011

ADR may be imposed by the courts in all sorts of civil and commercial disputes, not least of which are employment issues, family matters, personal injury and clinical negligence. The courts rely principally on mediation as the legal-bypass route. ...more »

Public Offerings
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Snohomish County Executive Aaron Reardon “furious” about state investigation
The Seattle Times (blog)November 3, 2011

The Washington State Patrol is conducting a criminal investigation into whether Snohomish County Executive Aaron Reardon misused public funds, state patrol spokesman Bob Calkins confirmed. The Snohomish County Prosecuting Attorney's office asked the ...more »

Debt Collection
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Understanding MF Global: Why the Bank's Failure Matters
TIME (blog)November 1, 2011

But regulators have yet to say whether MF Global's employees broke any laws. The Securities Investor Protection Corporation is investigating client losses at MF Global as well. Are other US banks at risk of failure? So far, the problems at MF Global ...more »

Reorganizations & Restructuring
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Credit Suisse to cut 1500 jobs after weak Q3
The Associated PressNovember 1, 2011

The Zurich-based bank also said it incurred 291 million francs in restructuring charges. And it has yet to close the book on a US tax evasion probe and announced that it had set aside 295 million francs in connection with that matter. ...more »

Debt Settlement
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Omega Announces Third Quarter 2011 Financial Results; Adjusted FFO of $0.48 ...
Bradenton HeraldNovember 1, 2011

The Company also reported Funds From Operations (“FFO”) available to common stockholders for the three-month period ended September 30, 2011 of $44.5 million or $0.43 per common share. The $44.5 million of FFO available to common stockholders for the ...more »

State & Minicipal Bonds
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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 »

Directors' & Officers' Liability
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How reforms are changing health care risk management
Smart Business NetworkNovember 1, 2011

Third, the provider community did a good job managing the perception of there being an availability-of-care crisis because of malpractice costs. Those have contributed to a downward pressure on health care professional liability claims. ...more »

Trade Associations
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California Slaughterhouse Law May Be Voided by High Court
San Francisco ChronicleNovember 9, 2011

9 (Bloomberg) -- US Supreme Court justices signaled they are poised to overturn a California law that requires slaughterhouses to immediately euthanize animals that are too sick to stand up. Hearing arguments today in Washington, a majority of the ...more »

False Advertising
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Appleby Law PLLC Selected as "Law Firm of the Year" in Native American Law
MarketWatch (press release)November 1, 2011

ALEXANDRIA, Va., Nov 01, 2011 (BUSINESS WIRE) -- Appleby Law PLLC, an Alexandria, Virginia law firm founded on Nancy J. Appleby's 30-plus years of success at helping clients develop business opportunities on Native American lands, has received an ...more »

Unfair Competition
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FACTBOX-Major US-China economic and trade disputes
ReutersNovember 8, 2011

US labor groups and some economists and manufacturers say that China gains a hugely unfair trade advantage by intervening in currency markets to keep its currency, called the yuan or renminbi, below market value. The policy helps make the price of its ...more »

Federal Contracts
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Gray, others ordered to testify in DC Lottery lawsuit
Washington TimesNovember 1, 2011

A federal judge has compelled Mayor Vincent C. Gray and two council members to testify about a controversial lottery contract awarded in 2008. The order by US District Magistrate Judge Deborah A. Robinson means Mr. Gray and member ...more »

Venture Capital
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Philadelphia lawyer convicted of defrauding venture capital fund
Bizjournals.com (blog)November 7, 2011

Mikel D. Jones, a Florida-based plaintiffs personal injury lawyer with a Philadelphia office, was convicted Monday along with his wife in connection with a scheme to defraud a New York venture capital fund which financed the operation of his law firm. ...more »

Federal Grants
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Global Fund, China agree to cut $95m from grants
BusinessWeekNovember 1, 2011

The cut makes up nearly a third of the $270 million in grants that had been in the pipeline for China. The move also comes as the Fund has come under scrutiny from donors after disclosing alleged fraud in its grants in some other countries.more »

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