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

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Calif. woman sentenced in Alaska credit card scam
San Jose Mercury NewsSeptember 1, 2011

Amber Marquardt, 25, of Oakland, Calif., pleaded guilty to bank and credit card fraud. As part of a plea agreement, US District Judge Ralph Beistline sentenced her to 16 months in prison and the repayment of $124000—the amount prosecutors say she ...more »

LAWYER CONVICTED OF FEDERAL CHARGES FOR ACCEPTING CASH AFTER PROMISING TO ...
Lawfuel (press release)September 1, 2011

Villalobos faces a statutory maximum sentence of 10 years in federal prison for his conviction of obstructing a grand jury proceeding, and another potential 20 years in federal prison for his conviction of attempted extortion by blackmail. ...more »

Business Law News and Stories

Advertising
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Law sector remains 'buoyant'
TaxAssist AccountantsSeptember 2, 2011

It comes after the Confederation of British Industry (CBI) published a study showing a "steady decline" in demand for business. Highlighting law practices as an example, Martin Snell, chair of the REC's Legal and HR Group, said that business is now ...more »

Foreign Investments
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Foreign persons must report US agricultural land holdings
Newton Daily NewsSeptember 1, 2011

Foreign investors must file Agricultural Foreign Investment Disclosure Act (AFIDA) reports with the FSA county office that maintains reports for the county where the land is located. “Failure to file a report, filing a late report or filing an ...more »

Antitrust Law, Domestic
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Health care attorney listing in Delaney Park
BlockshopperSeptember 7, 2011

Ms. Wiltse is an attorney at the law firm Swann & Hadley, PA The areas of her practice include health care law, business law, contracts, health care compliance, physician practices, hospitals, health care joint ventures, medical billing and coding and ...more »

Franchising
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Tint World Declared One of the Fastest-Growing Companies
Window Film magazineSeptember 8, 2011

Starting with just six locations, the franchise has more than quadrupled in size within the last five years and has grown by 20 percent in the last three years. The company's revenue jumped from $4.1 in 2007 to $4.9 million 2010. ...more »

Government Construction Contracts
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Report: Serious flaws in NJ pay-to-play law
Houston ChronicleSeptember 15, 2011

TRENTON, NJ (AP) — It's so easy for local governments to circumvent a New Jersey law intended to keep political contributions from influencing public contract awards that the restrictions are basically meaningless, ...more »

Banking Law
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Swiss and US set to clash again on bank secrecy
Financial TimesSeptember 4, 2011

The letter would represent a significant increasing of the pressure on Switzerland to again bend its once watertight bank secrecy rules and deliver further client names to the US. In 2009, criminal and civil charges against UBS were settled after a ...more »

Institutional Investing
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Obama's Job Training Pitch: More Wasted Tax Dollars
Business InsiderSeptember 9, 2011

That is not too surprising since a December 2008 review of the Workforce Investment Act showed almost no measureable difference between the earnings and hiring potential between those who had been retrained and those who had not. ...more »

Business Formation
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Five former Syntax-Brillian executives face federal fraud charges
AZ Central.comSeptember 1, 2011

The once high-flying company settled last year for $10 million with angry shareholders who bought stock in the company in 2007, when it was reporting strong international sales. The Securities and Exchange Commission said Wednesday that many 2007 sales ...more »

Contested S.African info bill nears finalisation
Reuters AfricaSeptember 2, 2011

... that to include such a defence would be to shred the bill even before it becomes law," the Ministry of State Security said in a statement. Opposition MPs said the constitutionality of the bill is questioned without a "public interest" provision. ...more »

Commercial
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Sheriff's Department puts budget needs ahead of wants | County View
Columbia Business TimesSeptember 2, 2011

By regularly meeting and discussing this challenge with judges, prosecutors and criminal defense attorneys, we've been able to find creative solutions. As Judge Gary Oxenhandler is fond of saying, “We have to differentiate between the people we don't ...more »

Internal Investigative Services
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SEC Officials are 'Lawyering Up' Amidst Internal Investigations
Corporate CounselSeptember 15, 2011

Reporter David S. Hilzenrath has identified SEC chairwoman Mary Schapiro, former agency GC David Becker, and former ethics officer William Lenox as among those who have retained private counsel in the face of ongoing investigations by the office of H. ...more »

Commercial Bankruptcy
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Business news in brief | Philadelphia Inquirer | 2011-09-01
Philadelphia InquirerSeptember 1, 2011

It is the third solar company to seek bankruptcy protection this year. Solyndra officials said the global economy and unfavorable conditions in the solar industry combined to force the company to suspend manufacturing. - AP Moody's Investors Service ...more »

International Transactions
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Moye White Attorneys Make Best Lawyers in America® 2012 List
dBusinessNews Denver (press release)September 1, 2011

The firm's attorneys offer strategic, team-oriented counsel to public, private and governmental clients in complex business and real estate transactions and disputes. Moye White is a member of the International Alliance of Law Firms, providing its ...more »

Commercial Leasing
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NM attorney juggling athletics as ALS wears on him
Houston ChronicleSeptember 2, 2011

Schneebeck was nearing 50 and a commercial litigator at the Modrall law firm, when he started having trouble speaking. No one else seemed to notice, so he kept his worries to himself. Next, a bicep twitched. He had trouble saying more words. ...more »

WARREN v. UNEMPLOYMENT COMPENSATION BOARD OF REVIEW
Leagle.comSeptember 1, 2011

The AVP testified that Claimant's license was terminated in April 2010 because Claimant did not provide the Pennsylvania Department of Banking (Banking) with the financial information that it requested. 3 (Id.) The AVP testified that for a loan officer ...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 »

Locating Funds
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Alma Bank to get fed funds for loans to small businesses
YourNabe.comSeptember 8, 2011

The fund was created through the Small Business Jobs Act, which President Barack Obama signed into law in September 2010 and is aimed at helping small businesses to expand their operations through loans and create new jobs. “This really is, we believe, ...more »

Construction & Development
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Attorney convicted in bribery case
Los Angeles TimesSeptember 1, 2011

The suit accused him of plying a CalPERS executive with gifts to win business for investment firms he represented. Trial in that case is pending. The younger Villalobos was arrested in 2009 on suspicion of accepting $50000 cash from a lawyer whose ...more »

Mergers, Acquisitions & Divestitures
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Williamson County business briefs: Sept. 1
The TennesseanSeptember 1, 2011

His areas of expertise include information technology strategy and operations, process re-engineering, application development and support, and mergers/acquisitions/divestitures. Morrison has a bachelor of science degree in industrial engineering from ...more »

Contracts Involving State & Minicipality
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Maine GOP Chair: Students Should Pay Taxes If They Want To Vote
TPMMuckrakerSeptember 1, 2011

Back in July, Webster made a list of 200 college students whom he claimed are committing voter fraud because they pay out-of-state tuition rates but are registered to vote in the state. According to Eric Russell of the Bangor Daily News, ...more »

Mortgages & Foreclosures
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Reviewing foreclosure
City PulseSeptember 7, 2011

He is also trying to convince the Michigan Legislature to change the state's foreclosure laws so what happened to Donahue can't happen again. The next meeting is scheduled for 7 pm today at the Foster Community Center, 200 N. Foster in Lansing, ...more »

Corporate Finance & Taxation
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Market Chatter -- Corporate finance press digest
ReutersSeptember 2, 2011

* US drugmaker Eli Lilly is in talks to form a partnership with, and potentially invest in, Turkish generic-drug company Mustafa Nevzat (MN Pharmaceuticals), the Wall Street Journal reported, citing people familiar with the matter. ...more »

Non-Profit Corporations
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Waller Lansden Named Among Largest Healthcare Law Firms
Stock Markets Review (press release)September 16, 2011

AHLA is the nation's largest nonprofit health care law organization. For eight years, it has issued an annual “Top Honors” list, which represents the number of attorneys at a firm who are members of the association. Waller Lansden has been ranked as a ...more »

Creditor's Rights
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Several potential buyers emerge to bag Andronico's
San Jose Mercury NewsSeptember 1, 2011

Ray Chavez/staff 10/24/06 Business A shopper leaves Andronico's Market on Telegraph Avenue in Berkeley Tuesday afternoon. Several potential buyers have emerged for bankrupt grocery chain Andronico's Markets, which says it needs to sell ...more »

Professional Corporations
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Obama, Romney to unveil jobs plans as Congress returns
CNN InternationalSeptember 4, 2011

Bachmann also proposed reducing the corporate tax rate to 20%, removing regulations that she said stifled economic growth and repealing the health care reform law. "The principles that I adopt are permanent fixes rather than temporary gimmicks like ...more »

Customs Disputes
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The Gaddafi Family and Algerian Hospitality
Al-HayatSeptember 1, 2011

Indeed, nothing can change the geography of Libya or Algeria, but political will can turn the hillocks of disputes into mounds of understanding. And the situation which the region of North Africa finds itself in does not seem prepared to add new ...more »

Public Offerings
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Arizona panel seeking private briefings on border
San Jose Mercury NewsSeptember 1, 2011

Some federal and state officials have been at odds over border- and immigration-related matters, including the state's SB1070 immigration enforcement law and whether the federal government has done enough to stop smuggling and illegal crossings. ...more »

Debt Collection
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Solyndra looking for potential buyer after filing bankruptcy
Bankruptcy HomeSeptember 9, 2011

Solyndra, the manufacturer of cylindrical solar systems that recently filed for protection under Chapter 11 bankruptcy law citing $783.8 million in secured debt, is seeking a potential buyer. Solyndra, the manufacturer of cylindrical ...more »

Reorganizations & Restructuring
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Essel Propack restructuring its business model
istockAnalyst.com (press release)September 5, 2011

The company aims to reduce debt and boost revenue by reorganizing the sales mix and consolidating manufacturing facilities, vice-chairman and managing director Ashok Kumar Goel said in an interview. The company embarked on restructuring the business ...more »

Debt Settlement
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GOP wants White House papers on loan to failed solar company
The Hill (blog)September 2, 2011

House Republicans are demanding White House paperwork related to a $535 million loan guarantee to a solar company that filed for bankruptcy this week. The Republicans are probing the White House role in the 2009 ...more »

State & Minicipal Bonds
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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 »

Directors' & Officers' Liability
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To fund its pensions, the city must cut costs
Daily Mail - CharlestonSeptember 7, 2011

Residents of Charleston face an unfunded liability of $99 million just for firefighters pensions. Understandably, city officials are looking for savings to offset that cost. But the more the public learns about the Charleston Fire Department, ...more »

Trade Associations
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Decision on Chinese tire tariffs is upheld
Modern Tire DealerSeptember 6, 2011

The United Steelworkers (www.usw.org) union originally filed a petition under Section 421 of United States trade law for "relief... against surging (passenger and light truck tire) imports from China."more »

False Advertising
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Why Private Equity May Dial Up AOL
BusinessWeekSeptember 1, 2011

The Internet pioneer spun off from Time Warner in 2009 plunged to a record low of $10.22 on Aug. 10 after cutting this year's profit forecast because of slowing growth in display advertising sales on its niche content websites. ...more »

Unfair Competition
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1Malaysia stores a case of unfair competition?
Malaysia KiniSeptember 3, 2011

If that is the case, then the 1Malaysia store concept is basically to destroy others and allowing a favoured few to flourish using the rakyat's money. This is very unethical. The government of the day is supposed to protect and safeguard the interests ...more »

Federal Contracts
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AMR Faces Union Stalemate in Bid for $800 Million Labor Savings
BloombergSeptember 2, 2011

Unions for the pilots, flight attendants and ground workers want to recoup at least part of the $1.6 billion in annual concessions made to avert bankruptcy in 2003. Fort Worth, Texas- based AMR seeks productivity gains to cut labor bills that are ...more »

Venture Capital
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Venture Capitalists Expected to See Big Losses From Solyndra Bankruptcy
International Business TimesSeptember 1, 2011

Solyndra's fall is especially unnerving given that it was one of the most well-funded start-ups on record, according to The Wall Street Journal's blog Venture Wire, meaning its venture capitalist backers are likely to lose a sizable chunk of their $1.1 ...more »

Federal Grants
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State's management of Homeland Security grants draws criticism
Fort Worth Star TelegramSeptember 4, 2011

DPS didn't answer that question, saying only that a jurisdiction isn't allowed to supplant its own funds with federal grants. In 2006, DPS records show $253000 was spent by several councils of government on "other operating expenses" sometimes noting ...more »

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