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

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WCBI Investigation results in arrest of McDonald's employee for theft
WGMD RadioNovember 1, 2011

A month-long investigation into an internal theft at the McDonald's on Racetrack Road in Berlin has resulted in the arrest of an employee. The Worcester County Bureau of Investigations began investigating the theft in late December. ...more »

Yankees Waiting On Cashman & His Lawyers
WasWatching.comNovember 1, 2011

“All the terms and conditions are done,” said the source, who declined to provide details of the contract. “My understanding is (Cashman) was going over it with his lawyer (Saturday night).” According to published reports, the Yankees were agreeable to ...more »

Business Law News and Stories

Advertising
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Theft of game hens could cost Ark. sheriff his job
Sacramento BeeNovember 1, 2011

Prosecuting Attorney Cody Hiland filed a petition Monday asking for Searcy County Sheriff Kenney Cassell's removal from office. Hiland says the theft of Cornish game hens is "an infamous crime" that bars Cassell from holding office. ...more »

Foreign Investments
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President urges Commonwealth investment - by Musa Zimunya
New EraNovember 1, 2011

“Currently, our Foreign Investment Act of 1992 is being reviewed and modernised. This is another way of making Namibia more competitive and investor friendly,” he added. The president further supported Namibia's reputation as a competitive and ...more »

Antitrust Law, Domestic
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A blanket policy on drug patents isn't necessary
Washington PostNovember 1, 2011

But it failed to point out that such a move would be unprecedented in both patent law and antitrust law. Moreover, by casting a pall on an important tool for protecting intellectual property, it would chill all settlements and stymie innovation in the ...more »

Franchising
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Detroit Tigers, Toledo Mud Hens agree to four-year extension
MLive.comNovember 1, 2011

By James Schmehl | MLive.com DETROIT -- The Detroit Tigers and Toledo Mud Hens have extended their affiliation contract through the 2016 season, the teams jointly announced Tuesday. The current agreement is the third between the two franchises. ...more »

Gaming Law
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EA denies Origin spies on Battlefield 3 PC players
bit-tech.netNovember 2, 2011

Electronic Arts has denied that download service Origin breaks privacy law and spies on users. Electronic Arts has denied accusations from German gamers that download service Origin breaks privacy laws and spies on the activity of Battlefield 3 gamers. ...more »

Banking Law
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First Midwest Bank Deploys PhoneFactor to Secure Online Funds Transfers
MarketWatch (press release)November 1, 2011

First Midwest is the premier relationship-based banking franchise in the growing Chicagoland banking market. As one of the Chicago metropolitan area's largest independent bank holding companies, First Midwest provides the full range of business, ...more »

Government Construction Contracts
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GovWin Recon: Nov. 4: One NGEN Award; Congress Defeats Transport
govWin (blog)November 4, 2011

How Big a Role Does Past Performance Play in Federal Construction Contracts? [GovWin] – A Government Accountability Office report [PDF] on three agencies finds that past performance is the top evaluation criteria on procurements looking for the best ...more »

Business Formation
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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 »

Institutional Investing
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Ep. 99: The RIAA defends SOPA in the fight over content rights
CNETNovember 4, 2011

Criminal activity and that the standard is the same as the standard in the US if you're not a -- right now and US to invest -- our domestic law. Then you -- certainly shouldn't be afraid. Because it's going to be applied offshore. ...more »

Commercial
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Brampton criminal intimidation trial thrown out after key witness killed at ...
National Post (blog)November 1, 2011

Larry McCormick, who owned a McDonald's franchise in Brampton, agreed to cover $600000 of the missing money, lawyer Mark Ertel said in court. Thomas was being counted on to verify that fact, Mr. Ertel said Monday. “He really sets up the defence on the ...more »

The Rosen Law Firm Announces Investigation of MF Global Holding Ltd.
MarketWatch (press release)November 5, 2011

The investigation relates to MF Global's October 31, 2011 disclosure that it was declaring bankruptcy. MF Global disclosed that it had $6.3 billion of sovereign debt in troubled countries such as Italy and Spain, which was nearly five times MF's equity ...more »

Commercial Bankruptcy
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Martin Walsh Joins Elevate to Lead Mergers and Acquisitions
MarketWatch (press release)November 1, 2011

Prior to joining Elevate, Mr. Walsh was managing partner of a private practice law firm focusing on emerging growth companies and corporate and business transactions. Mr. Walsh received his law degree with concentrations in business transactional law...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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CAVU Resources, Inc. to Joint Venture With Equinox Energy Resources on Rework ...
PR Newswire (press release)November 1, 2011

PK, entered into a joint venture agreement with Equinox Energy Resources, ("Equinox") to begin a rework program on the 900 acre and 60 well lease in Nowata County, Oklahoma, known as the Hogshooter Lease. The agreement calls for Equinox to provide its ...more »

International Transactions
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Ethics in International Practice CLE Program and Social Hour
WisBarNovember 1, 2011

In addition to understanding the laws of the local jurisdiction, the international practitioner must be aware of how non-US socially acceptable customs and behaviors may affect ethical considerations and strategies when trying to achieve an optimal ...more »

Communications & Media
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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 »

Immigration-law seminar educates local officials on E-Verify program
Hilton Head Island PacketNovember 2, 2011

South Carolina's new immigration law will take effect in less than two months, and state authorities held a seminar Tuesday on Hilton Head Island to educate local business owners about the change. The seminar, sponsored by the Hilton ...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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Dow alleges Ponzi scheme against the elderly
Legal News LineNovember 8, 2011

In addition, about $5 million in investor funds was allegedly "improperly transferred," in whole or in part, to certain defendants, members of their families and Michael Kwasnik's law firm, according to the complaint. The complaint also alleges that ...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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Spectra Energy Partners Reports Strong Third Quarter 2011 Results Over Prior Year
MarketWatch (press release)November 4, 2011

... ability to successfully complete merger, acquisition or divestiture plans; regulatory or other limitations imposed as a result of a merger, acquisition or divestiture; and the success of the business following a merger, acquisition or divestiture. ...more »

Corporate Finance & Taxation
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Law and Order
STLtoday.comNovember 1, 2011

LOUIS > Man admits pyramid scheme — Richard Saunders, 64, pleaded guilty Monday in federal court here of wire fraud and tax evasion, admitting he operated a pyramid investment scheme that netted him more than $4 million. Saunders, formerly of St ...more »

Mortgages & Foreclosures
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Tammy Baldwin To Introduce Resolution Opposing Immunity For Banks In ...
Huffington PostNovember 3, 2011

is set to introduce a resolution in Congress this week calling on the Obama administration and state attorneys general to ensure that any deal reached with the nation's biggest banks on foreclosure abuses includes full investigations into what happened ...more »

Creditor's Rights
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Nortel Networks Limited Series 5 Preferred Shares
MarketWatch (press release)November 1, 2011

The principal distinction between the Series 5 Preferred Shares and Series 6 Preferred Shares, aside from their conversion rights, is that the former provide for floating adjustable dividends while the latter provide for fixed dividends, in either case ...more »

Non-Profit Corporations
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Letters | Tuesday, Nov. 1
Kansas City StarNovember 1, 2011

As a former board member of the Friends of the Zoo, the non-profit organization that now manages the Kansas City Zoo, I've seen our zoo improve greatly in recent years, most recently with the popular new polar bear exhibit. ...more »

Customs Disputes
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Calexico Ports of Entry On Alert due to Unconfirmed Threat
KYMANovember 3, 2011

"Out of an abundance of caution, CBP is deploying additional law enforcement resources to ensure the safety of the traveling public and personnel in and around the port." "We are working closely with our state, local and federal law enforcement ...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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San Diego Bankruptcy Lawyers Offering Free Initial Consultation to Growing ...
San Francisco Chronicle (press release)November 1, 2011

The San Diego bankruptcy lawyers at the law firm of the Golden State Law Group hereby announce that the firm is offering a free initial consultation to the growing number of seniors who may need bankruptcy protection based on statistics provided by the ...more »

Public Offerings
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Attorney General Madigan, State's Attorney Herrmann Sue Railroad Over Cleanup ...
eNews Park ForestNovember 1, 2011

Attorney General Lisa Madigan and Bureau County State's Attorney Patrick Herrmann yesterday filed suit alleging environmental violations occurred in the aftermath of the October 7 derailment near Tiskilwa in which nine tank cars transporting ethanol ...more »

Debt Settlement
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Rogue Debt Collection Companies Get Clamped Down On by FTC
TMC NetNovember 1, 2011

In other news, TMCnet reported, “Debt collectors are frustrated…by what they perceive to be outdated laws governing the practice of debt collection. Specifically, they point to the Fair Debt Collection Practices Act.” Linda Dobel is a TMCnet ...more »

Reorganizations & Restructuring
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Sanmina-SCI Reports Fourth Quarter and Fiscal Year End Results
Stock Markets ReviewNovember 1, 2011

In computing each of these non-GAAP financial measures, we exclude charges or gains relating to: stock-based compensation expenses, restructuring costs (including employee severance and benefits costs and charges related to excess facilities and ...more »

Directors' & Officers' Liability
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Auto insurance fees examined for faults
Bridge MichiganNovember 1, 2011

Before 1972, the year the Legislature enacted Michigan's no-fault auto insurance law, those injured in auto accidents had to collect from the insurance of the driver who was at fault. Under that adversarial system, many claims were denied, ...more »

State & Minicipal Bonds
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Kendall Law Group Investigates INX, Inc.
MarketWatch (press release)November 2, 2011

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition ...more »

False Advertising
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"Most Influential Lawyer" Joins False Advertising Case Against Corn Processors
Sacramento BeeNovember 2, 2011

2, 2011 -- /PRNewswire/ -- W. Mark Lanier, the Houston attorney renowned for securing trial verdicts amounting to hundreds of millions of dollars, has joined the legal team trying to stop the false advertising of high-fructose-corn-syrup (HFCS) as a ...more »

Trade Associations
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Visclosky Speaks Out Against Chinese Currency Manipulation
allvoicesNovember 2, 2011

HR 639, the Currency Reform for Fair Trade Act, would address the issue of currency manipulation by recognizing in law what we already know – that currency misalignment is an export subsidy. The measure would take commonsense steps to ensure our ...more »

Federal Contracts
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Selling More Insurance on Europe Debt Raises Risk for US Banks
BusinessWeekNovember 1, 2011

A CDS is a contract that requires one party to pay another for the face value of a bond if the issuer defaults. The CDS holdings of US banks are almost three times as much as their $181 billion in direct lending to the five countries at the end of June ...more »

Unfair Competition
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BASE METALS - European Opening View - Metals get some lift as broader markets ...
FXstreet.comNovember 2, 2011

2.1 We do not guarantee that access to this Website will be continuously available and will not be liable if for any reason (including but not limited to) the Website being suspended temporarily and without notice in the case of system failure, ...more »

Federal Grants
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Free UI fraud prevention workshop for employers
Providence Business NewsNovember 1, 2011

"We believe that one of the most productive ways to combat fraud is to educate businesses on how to report fraud when it occurs and to prevent it from happening in the first place." The labor department received a $1.1 million federal grant to fund ...more »

Venture Capital
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Relationships play key role in venture capital
Seacoastonline.comNovember 7, 2011

Like angel investors, venture capital firms invest in businesses that have high growth potential. They are also similar to angel investors as they provide equity financing and don't recoup their investment until the company is sold ...more »

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