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

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Premier Service Bank Announces Financial Results for the Third Quarter of 2011
MarketWatch (press release)November 1, 2011

In the Bank's lawsuit against the FDIC, as receiver for 1st Centennial Bank, and against certain former officers of 1st Centennial Bank and 1st Centennial's director and officer liability insurance carrier, the Bank negotiated a settlement, ...more »

New law would revamp Illinois School Report Cards
Chicago TribuneNovember 1, 2011

Organizers held more than 60 focus groups statewide, said Robin Steans, executive director of the nonpartisan education policy group Advance Illinois and the co-chair of the committee that oversaw the redesign project. "If we do our job right," Steans ...more »

Business Law News and Stories

Advertising
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Ten Charged with Prostitution-Related Crimes in Moon Sting
Patch.comNovember 1, 2011

Moon Police Chief Leo McCarthy said detectives contacted individuals who were advertising sexual favors in exchange for money on websites including Backpages.com, Eros.com and AdultSearch.com. Officers arranged to meet with the suspects at an ...more »

Foreign Investments
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Government to introduce laws on bio-piracy, says Mutula
The StandardNovember 1, 2011

The Minister was speaking during the launch of the Bio-prospecting Strategy and Expert Dialogue for Effective Biodiversity Laws to attract investment for the country in Nairobi on Tuesday. Planning Minister Wycliffe Oparanya in a speech read on his ...more »

Antitrust Law, Domestic
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Spanish tablet maker asks for antitrust investigation of Apple
Afterdawn.comNovember 2, 2011

... rather than a civil lawsuit, against the company. Having now been cleared (linked article in Spanish) of those charges, NT-K is waiting for a decision on the antitrust complaint they filed against Apple with Spain's National Competition Commission. ...more »

Franchising
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A Heart For Service: Interview with Bob Wright, COO of Charley's Grilled Subs
TechnoratiNovember 1, 2011

Over the course of his career, Wright has had the chance to work with big-name franchises like Checkers, Wendy's, Café Express and, of course, Charley's. Though Wright's original plan was to practice law. Today, he practices management. ...more »

Gaming Law
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Rid Internet gambling dens from bay area
Tampabay.comNovember 1, 2011

Murman has attempted to craft an effective tool for law enforcement. The measure would not affect fundraising efforts for schools and the like, or legitimate arcades and bingo games. The commission has no excuse for getting cold feet and adopting a ...more »

Banking Law
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Cyber crime cases on rise in Bangalore
IBNLive.comNovember 4, 2011

“As banks are increasing online presence, customers have become more susceptible to cyber crime,” M Palanisami, banking ombudsman for Karnataka said. Speaking to Express, he pointed out that 'net banking' related crimes are on the rise. ...more »

Government Construction Contracts
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Minerco Resources, Inc. Receives Environmental Permit from Honduran Government...
Sacramento BeeNovember 2, 2011

The Project has received all the necessary approvals and contracts from SERNA, including the Operations Contract and Water Contract. All the necessary parcels of land have been secured for the construction of all phases of the Chiligatoro Project. ...more »

Business Formation
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Park Sterling Corporation Announces Third Quarter 2011 Results
MarketWatch (press release)November 2, 2011

About Park Sterling Corporation Park Sterling Corporation is the holding company for Park Sterling Bank, headquartered in Charlotte, North Carolina, and for CapitalBank, headquartered in Greenwood, South Carolina. Park Sterling's primary focus is to ...more »

Institutional Investing
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A Controversial Investment
Inside Higher EdNovember 2, 2011

Texas law was precisely followed." MyEdu, meanwhile, issued an outraged statement on Tuesday in response to the Statesman article, alleging that it contained “misleading information” and “gross exaggerations.” Asked to elaborate, Lyman told Inside ...more »

Commercial
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Sexual harassment settlements: 'cost of doing business'
CNNNovember 1, 2011

The website of Allred's law firm boasts of verdicts from $5 million to $18.4 million. The confidentiality clause is also an attractive near-guarantee that the matter will stay secret, unless someone is subpoenaed to discuss the terms in a court of law...more »

DOMA opposed by 133 House Democrats
PoliticoNovember 3, 2011

Over 100 House members filed an amicus brief Thursday in support of a major challenge to the Defense of Marriage Act, saying the provision denying same-sex married couples federal rights is unconstitutional and undermines the interests of Congress. ...more »

Commercial Bankruptcy
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CME Group: MF Global violated customer cash rules
Wall Street JournalNovember 1, 2011

MF Global filed for bankruptcy protection on Monday, after a big bet on European debt threatened to topple it. Regulators said they have discovered shortfalls in some of the firm's customer accounts. Companies regulated by the CFTC must account for ...more »

Internal Investigative Services
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Avon's Cramb gave Citi bribery probe info: source
Baltimore SunNovember 1, 2011

"While Avon has expanded its initial internal investigation in China to other international markets, it appears at this point that the real wrongdoings are confined to China," Nicholson wrote in her May 25 research note. That contact between Cramb, ...more »

Commercial Leasing
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Business Profile: Charlotte Lloyd of Howarths Employment Law Ltd
Huddersfield ExaminerNovember 1, 2011

After leaving sixth form, she went on to study law at the University of Birmingham before going on to further her legal studies at the University of Wolverhampton. She says: “I always wanted to be a lawyer. I quite liked the Ally McBeal-type lawyer and ...more »

International Transactions
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Roundtable: Commerical Litigation 2011
Who's Who LegalNovember 2, 2011

This litigation usually involves issues affecting fundamental rights, which are entrenched in the Constitution. We have also seen a significant increase in litigation in relation to mining law issues. Changes in South African mining and prospecting ...more »

Communications & Media
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Cranky Telstra wants its champagne glass back
DelimiterNovember 1, 2011

In the meantime, Australia's telecommunications sector will continue to be dominated by its existing market structure: With rival telcos providing services over Telstra's copper infrastructure, and mobile and HFC cable in the mix as well. ...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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WPL Webinar to Help Construction Professionals Identify Green Building Risks ...
Insurance News Net (press release)November 2, 2011

WPL Publishing soon will sponsor a webinar to help professionals in the construction community understand the risks that new green building codes and standards present. Green buildings are going to become, by codification, the law of the land. ...more »

Locating Funds
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Research fund needs funding if Missouri is to compete
STLtoday.comNovember 1, 2011

A more important hurdle comes next spring, when the Legislature must appropriate money for MOSIRA. The law sets up a formula for funding based on job growth, and corresponding tax revenue growth, in a specific set of life sciences industries. ...more »

Contracts Involving State & Minicipality
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Business, local government groups unveil mandate relief package
Politics on the Hudson (blog)November 1, 2011

... groups—calls for the repeal or reform of a number of laws long lamented by the business community, including the Wick's Law and the Triborough Amendment, which continues the terms of an expired public labor contract until a new deal is reached. ...more »

Mergers, Acquisitions & Divestitures
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: Remarks as Prepared for Delivery by Acting Assistant Attorney General Sharis ...
Middle East North Africa Financial NetworkNovember 17, 2011

Second, the division's case (which also relied on the Guidelines) and the court's decision rested on traditional antitrust analysis. The court defined a relevant market, measured the concentration in that market and the change in concentration that ...more »

Corporate Finance & Taxation
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Obama Gives Boost to D.C. Law
U.S. News & World Report (blog)November 1, 2011

Venable's Washington office, which depends on regulatory and government work for 40 percent of its revenue, now helps Southern California-based entertainment and biotech clients with interests that involve federal regulation, investigations, ...more »

Mortgages & Foreclosures
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HOA Fees Can Still Be Assessed After Foreclosure and Even After Bankruptcy
Examiner.comNovember 18, 2011

The cause of most homeowner liability for HOA fees -- even during or after the bankruptcy or foreclosure process -- leads back to the 2005 bankruptcy law changes. The law states that "as long as the debtor or trustee has a legal, equitable or ...more »

Creditor's Rights
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Dodgers, MLB agree to process to sell team
Wall Street JournalNovember 2, 2011

Just days before the team was expected to miss payroll, the Dodgers filed for bankruptcy protection in late June. The move came after Selig refused to approve a 17-year-old agreement between the Dodgers' and Fox's Prime Ticket subsidiary that would ...more »

Non-Profit Corporations
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Some real, many phantom nonprofits lose status with new law
Rapid City JournalNovember 7, 2011

The local nonprofits that lost their status in Rapid City are some of 275000 nationwide that lost nonprofit status with the IRS in 2011, after a 2006 law required small nonprofits to start filing taxes annually in 2007. Any nonprofit organization that ...more »

Customs Disputes
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Russian negotiator says Georgia deal opens door to WTO
CTV.caNovember 3, 2011

The accession of oil-rich Russia would boost the 153-member body, which has struggled for years to agree on a new global free trade deal. "The WTO is really in need of some positive news," said Joost Pauwelyn, a professor of international law at ...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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More Bankruptcy Lawyers Pulled Into MF Global Orbit
The American LawyerNovember 1, 2011

Several more Am Law 100 and leading international firms have landed roles advising various parties in connection with the collapse of commodities and derivatives broker MF Global Holdings, which sought Chapter 11 protection in New York on Monday as a ...more »

Public Offerings
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Attorney General: 'Important time' to look at utilities
Wicked LocalNovember 3, 2011

With about 220000 electric customers still without power four days after a nor'easter knocked out service to more than 600000 people across the state, Attorney General Martha Coakley says her office is ...more »

Debt Settlement
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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 »

Reorganizations & Restructuring
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Criminology Department Reorganized Without Faculty Consent
MinaretNovember 3, 2011

In an “announcement to relevant parties” about criminology's restructuring, Anne Gormly, dean of the College of Social Sciences, Mathematics, and Education (CSSME), confirmed, “The reorganization plan involves the transfer of two faculty from the ...more »

Directors' & Officers' Liability
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Huntington Bank Names Paul Baldwin President of Huntington Insurance
MarketWatch (press release)November 1, 2011

Huntington Insurance is community-based, with professionals specializing in small and large business insurance, property casualty insurance, professional liability coverage, title, life and personal insurance. Huntington Bancshares Incorporated is a ...more »

State & Minicipal Bonds
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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 »

False Advertising
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DeWitt Ross & Stevens: Ranked First-Tier Best Law Firm in 25 practice areas
Wisbusiness.comNovember 1, 2011

... responses from thousands of law firm clients and lawyers across the country. Rankings are determined based on criteria such as expertise, responsiveness, cost-effectiveness, civility and whether a client or lawyer would refer business to a firm. ...more »

Trade Associations
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Q+A-What issues are at stake in the EU-US carbon spat?
ReutersNovember 1, 2011

The protest at the International Civil Aviation Organization (ICAO) meeting in Montreal, Canada, is likely to escalate transatlantic tension, which has triggered an anti-EU bill in the US Congress. It declared illegal the EU plan to make all flights ...more »

Federal Contracts
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Transocean: Contract shields it from spill costs
The Associated PressNovember 1, 2011

The trial also is to determine whether rig owner Transocean can limit what it pays claimants under maritime law. In a statement, Transocean Ltd., said BP PLC., had broken its contractual promises by suing Transocean. "BP's posture in this matter is not ...more »

Unfair Competition
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High Stakes IP Litigation Attorney Andrew P. Bridges Joins Fenwick & West
JDJournal.comNovember 8, 2011

The firm was recently named one of only 20 “Go To Law Firms on the Cutting Edge” for patent litigation, and was recently awarded “Most Innovative Use of Technology by a Law Firm” by American Lawyer Media for the firm's proprietary electronic discovery ...more »

Federal Grants
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US Department of Labor announces grant to assist Federal Reserve workers ...
IEWY NewsNovember 3, 2011

“This federal grant will assist workers in Pittsburgh who lost their jobs through no fault of their own,” said Secretary of Labor Hilda L. Solis. “These workers will receive re-employment services and training to help them obtain jobs in Pittsburgh's ...more »

Venture Capital
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European venture capital has WORST QUARTER EVER
Business InsiderNovember 2, 2011

There may have been money flowing into China, but Europe certainly wasn't feeling the venture capital love. The continent sustained its lowest deal count in history in Q3 2011, according to Dow Jones VentureSource. A mere €951 mn was put to work across ...more »

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