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

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Trying Youth Offenders as Adults
SantaCruz.comSeptember 1, 2011

According to the report, trying juveniles as adults does not act as a deterrent. Though juvenile crime is down statewide since 2001, the counties most likely to try kids as adults saw juvenile crime rates fall at a slower rate. ...more »

The sweet life of a CSO patron
Chicago TribuneSeptember 1, 2011

But their travel is enjoyed in the context of boosting a cultural institution they love. "It's a big joyous part of our own life," said Carol Hays, a longtime CSO governing board member traveling with her husband Andy. "We really love the music. ...more »

Business Law News and Stories

Advertising
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Man 'killed his business partner then sent emails from his account about a ...
Daily MailSeptember 1, 2011

The two men ran an Internet advertising company together. He was arrested on Sunday as he boarded a plane for Canada. He decided to kill Smith rather than pay $1 million to buy him out of the business, authorities said. ...more »

Foreign Investments
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SEC Examining Use of Derivatives by Mutual Funds
ForbesSeptember 2, 2011

He advises on a wide variety of funds, including hedge funds, private equity funds, venture capital funds, mezzanine funds, film funds and funds of funds. He is the author of The Law of Private Investment Funds (Oxford University Press 2008) and the ...more »

Antitrust Law, Domestic
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Court Tosses Out Ridiculous Antitrust Lawsuit Against Google
TechdirtSeptember 1, 2011

A year and a half ago, we wrote about a bizarre antitrust lawsuit filed in Ohio state court by a small shopping search engine company most people haven't heard of called myTriggers. The details were particularly odd. First, myTriggers set up a line of ...more »

Franchising
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Progressive Non-Medical Home care Business Opens Territories for Sale
PR Web (press release)September 1, 2011

FirstLight HomeCare franchises have exclusive access to Foundation FirstSM, the best-in-class franchise support system bringing together 26 franchise essentials, unmatched in the industry. Prime territories are going quickly, for more information ...more »

Gaming Law
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NCAA football preseason report: The Big 12 Conference
GamingTodaySlotsTodaySeptember 6, 2011

But, Kathryn Rand, co-director of the Institute for the Study of Tribal Gaming Law and Policy at the University of North Dakota, told the Associated Press that there have been only a handful of such exceptions granted since the law was passed. ...more »

Banking Law
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SFO joins US inquiry into bank practices
Telegraph.co.ukSeptember 3, 2011

Barclays bought the North American operations of Lehman Brothers following its September 2008 bankruptcy but did not buy the parts that had been involved in the sub-prime mortgage market. Barclays, HSBC and RBS all declined to comment. ...more »

Government Construction Contracts
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Maryland Is One Of 10 Most Pro-Government Union States – By Len Lazarick
Citybizlist (press release)September 2, 2011

The index scored Maryland poorly on factors including the strength of collective bargaining agreements, compulsory union dues, binding arbitration, construction contracts favoring union wages, lack of laws requiring secret ballots for union ...more »

Business Formation
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Nurse pleads guilty to Medicare fraud
istockAnalyst.com (press release)September 1, 2011

Farah Maria Perez, 40, pleaded guilty to one count of conspiracy to commit health care fraud before US District Judge Joan A. Lenard. Perez, who worked for Florida Home Health Care Providers Inc., and co-conspirators at the company billed Medicare for ...more »

Institutional Investing
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Study: Mass. Health Law Has Harmed State Economy
WBURSeptember 16, 2011

Could you attribute these reductions to states with 40% uninsured, like Texas? Which states have had MORE jobs, MORE investments and MORE money in the pockets of residents? Maybe it wasn't healthcare law that screwed up the state's economy. ...more »

Commercial
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<B>Newsmaker:</B> Abhishek Manu Singhvi
Business StandardSeptember 1, 2011

... Renusagar 1 and 2 on international commercial arbitration, and Delhi and Mumbai Airports privatization Singhvi was educated at St Columba's School, Delhi; St Stephen's College, Delhi University; Trinity College, Cambridge, UK; and Harvard. ...more »

Persisting conflicts of interest
Sunday Times.lkSeptember 3, 2011

Among the biggest issues in the market are conflict of interests and insider trading – two segments that the regulators, the SEC and the Central Bank – have, as yet, no effective answer. Guidelines and laws are there to tackle these problems but Sri ...more »

Commercial Bankruptcy
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Books-A-Million to run 14 Borders
Fort Wayne Journal GazetteSeptember 5, 2011

based Borders Group filed for bankruptcy protection in the US Bankruptcy Court in the Southern District of New York in February, brought down by tough competition and an inability to adapt to consumers' increasing appetite for e-books. ...more »

Internal Investigative Services
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External review
South Delta LeaderSeptember 3, 2011

Delta Police Chief Jim Cessford (right) converses with Insp. Ian MacWilliams of the Professional Standards Section at DPD's Ladner headquarters about the establishment of the Internal Investigations Office. By Philip Raphael - South Delta Leader “The ...more »

Commercial Leasing
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FORM 8-K: NATIONAL TECHNICAL SYSTEMS FILES CURRENT REPORT
Military & Aerospace ElectronicsSeptember 3, 2011

In connection with the acquisition, we entered into a new lease, with an initial five-year term, for LTI's advanced 20000 square foot facility located in Pittsfield, Massachusetts. LTI is internationally recognized as a leading engineering services and ...more »

International Transactions
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BofA Said to Keep Countrywide Bankruptcy as 'Nuclear Option' to End Losses
BloombergSeptember 16, 2011

Typically, a corporation that acquires another firm's assets isn't liable for the seller's debts, unless the transaction is considered a de facto merger or there was fraud in the takeover, Robert M. Daines, a Stanford Law School professor, ...more »

Communications & Media
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Holmes Report Announces Conference, Awards Dinner In Asia
The Holmes ReportSeptember 4, 2011

... and agencies will examine how the region's homegrown brands can translate their regional success onto a global stage, looking at such key PR challenges as brand positioning, crisis communications, CSR, media relations and digital and social media. ...more »

Pulled up for publishing unlicenced paper
Kuensel, Buhutan's National NewspaperSeptember 16, 2011

It states, “BICMA would like to bring to your notice that you have assisted in printing Gyalchi Sarshog newspaper without a valid publishing licence issued by the authority.” This act of Kuensel, the letter states, “violates section 96 of the Bhutan ...more »

Construction & Development
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GOP fundraiser's development wins big if Wekiva Parkway is built
Orlando SentinelSeptember 6, 2011

Palmer and a group of close friends and relatives began assembling land for the Crossing in 2004, shortly after the state Legislature passed a law outlining how and where the parkway could be built. Palmer made millions of dollars in the preparations ...more »

Locating Funds
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Caxton's Kovner to Step Down After 28 Years; Law to Be CEO
BusinessWeekSeptember 13, 2011

Its members will include Law; John Forbes, chief operating officer and chief financial officer; Mike Bolitho, who oversees back- office functions; and Scott Bernstein, general counsel. Caxton will limit the amount of money it will take from new ...more »

Contracts Involving State & Minicipality
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President Obama's Jobs Plan Has Three Major Problems
Huffington Post (blog)September 8, 2011

Today the law requires that 23 percent of all federal contracts go to small businesses. It appears that the actual annual federal acquisition budget for all classified and non-classified government contracts is in the neighborhood of $1 trillion. ...more »

Mergers, Acquisitions & Divestitures
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AuraPortal to Sponsor the Business Process Forum at the Building Business ...
SYS-CON Media (press release) (blog)September 27, 2011

Whether it is entering into new markets, introducing new products, complying with new regulations, making new agreements with customers and suppliers, or changing business direction through mergers, acquisitions, alliances and divestitures, ...more »

Corporate Finance & Taxation
[read all news]
HopgoodGanim appoints new taxation special counsel
Queensland Business ReviewSeptember 2, 2011

Brisbane-based HopgoodGanim Lawyers has welcomed a new senior practitioner to its specialist Taxation and Revenue practice. Justin Byrne joins HopgoodGanim from Crowe Horwath Accountants, where he primarily advised SMEs on structuring, M&A, ...more »

Mortgages & Foreclosures
[read all news]
Fisher Island foreclosure canceled after loan sold
Bizjournals.comSeptember 21, 2011

The island is known for its favorable tax laws. The managers were listed as David Voisin, a director of Jersey-based Nautilus Trust, and London-based BILI Management. Although the foreclosure lawsuit was withdrawn, the mortgage was not declared ...more »

Creditor's Rights
[read all news]
Indiana Governor Discusses Solution for Government Budget
State JournalSeptember 1, 2011

Mitch Daniels discussed possible government solutions for the Mountain State and the nation during the West Virginia Chamber of Commerce's annual Business Summit. By Andrea Lannom “From bankruptcy to solvency,” the state of Indiana experienced many ...more »

Non-Profit Corporations
[read all news]
CLEAN: Donations, grants not in jeopardy
Northern Virginia DailySeptember 27, 2011

"But the board was concerned and dismayed that anybody would do this to a nonprofit." The board may consult with law enforcement about any steps that may improve their hiring process, according to O'Brien who said they "did the right thing" when ...more »

Customs Disputes
[read all news]
MM Leader: FSA fails to offer guiding RDR transition light
Money MarketingSeptember 1, 2011

HM Revenue & Customs recently called for help from IFAs in drawing up the guidance but there is no word on when this will appear. The FSA's upcoming guidance consultation and subsequent rules on legacy commission may have a massive impact on some firms ...more »

Professional Corporations
[read all news]
Luis Mijangos: Sextortionist Extraordinaire
Above the LawSeptember 6, 2011

Description: Lateral Link's client is seeking to hire a corporate associate with 1-4 years of venture capital, private equity, or fund formation experience at a premier law firm. This is a great opportunity to get hands-on experience in a vibrant and ...more »

Debt Collection
[read all news]
Anglo tries to stop former chief from declaring bankruptcy in the US
thejournal.ieSeptember 1, 2011

Drumm's hearing is ongoing in the Us Bankruptcy Court in Boston. Reuters reports that Anglo claims Drumm altered the terms of loans taken out by he and other directors of the bank to avoid any risk of personal liability. Anglo's complaints to the court ...more »

Public Offerings
[read all news]
Ct Attorney General Cans Hundreds Of Public Corruption Probes Kept Open By ...
Connecticut WatchdogSeptember 2, 2011

Connecticut Attorney General George Jepsen has closed hundreds of public corruption investigations and several high-profile probes of businesses that were launched by his predecessor, ...more »

Debt Settlement
[read all news]
Traders May Face Position Limits From EU on Naked Sovereign Default Swaps
BloombergSeptember 2, 2011

“Short sellers are merely delivering the bad news that there is little faith in the ability of these countries to tackle their debt problems.” The document was prepared for a negotiation session between the council and parliament next week. ...more »

Reorganizations & Restructuring
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Hostess Brands Hires Restructuring Advisers
Wall Street JournalSeptember 1, 2011

She has advised auto-supplier Dana Corp. and others on renegotiating union contracts during bankruptcy reorganizations. Hostess filed for bankruptcy protection in 2004 as consumers started shifting away from sugary snacks and government regulators ...more »

Directors' & Officers' Liability
[read all news]
Did Centro's directors really get off lightly?
The ConversationSeptember 5, 2011

The liability judgment, for example, stressed the fact that reliance on the financial staff and auditors did not protect the directors from liability because of their failure to make an independent assessment in light of what they knew about the ...more »

State & Minicipal Bonds
[read all news]
Website intends to help startups skip legal pitfalls
DesMoinesRegister.comSeptember 8, 2011

“We don't think there's another law firm in the country doing this,” said Stone. “Nobody's doing it now, but they will be doing it in five years.” Stone breaks the business of law into two categories — document generation and high-level legal services ...more »

False Advertising
[read all news]
Copyright law supports failing business model - TUANZ head
New Zealand HeraldSeptember 1, 2011

File photo / Thinkstock The head of the Telecommunications Users Association of New Zealand has slammed the new "three strikes" law as an act which "serves only to support a business model that no longer works in the internet age". ...more »

Trade Associations
[read all news]
Newport law firm HBJW acquires SRBlegal
WalesOnlineSeptember 7, 2011

The deal, for an undisclosed sum, boosts its commercial law offering in a bid to increase the company's local market share and expand its UK-wide presence. The annual fee income of the now-enlarged firm is £2.5m. ...more »

Federal Contracts
[read all news]
Enhanced efforts for fraud detection achieving result: WB
Pakistan Daily TimesSeptember 2, 2011

In another case, serious issues identified by INT led government officials to reject the award of a $5 million contract, while in other instances bidders lost their prequalification status. The WB also developed a Company Risk Profile Database (CRPD) ...more »

Unfair Competition
[read all news]
Brazil President To Protect Domestic Market From Global Turmoil
Wall Street JournalSeptember 7, 2011

SAO PAULO (Dow Jones)--Brazil's President Dilma Rousseff sees the country's domestic market as its best protection from the storm rocking the global economy, and vowed to defend it from "unfair competition" from abroad. "In the case of the current ...more »

Federal Grants
[read all news]
DHHR receives federal grants to strengthen immunization, smoking prevention ...
The RepublicSeptember 1, 2011

The federal government has given the state more than $1.4 million in grants to strengthen immunization and smoking cessation programs. The state Department of Health and Human Resources says the grants are from the US Department of Health and Human ...more »

Venture Capital
[read all news]
Leo de Luna Joins Split Rock Partners as a Principal
MarketWatch (press release)September 7, 2011

7, 2011 /PRNewswire via COMTEX/ -- Split Rock Partners, a venture capital firm focused on software, Internet services, and healthcare is pleased to announce that Leo de Luna has joined the firm as a Principal in its Menlo Park office. ...more »

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