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

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Shell, Malabu $1.3 billion oil deal questions FG indigenisation plan
BusinessDaySeptember 1, 2011

For instance, to transfer the block will mean drafting a new contract. One analyst even said: “Under the arrangement that we have seen, NNPC [Nigerian National Petroleum Corporation] is not going to be involved in the operations of potentially Nigeria ...more »

MHT Hires a Slew
Private Equity Hub (press release)September 1, 2011

Previously, Mr. Mullen served as Managing Director of Corporate Strategy for ORIX USA Corporation; Chief Executive Officer of Comprendium Capital; Global Head of Structured Credit at ABN AMRO in London; Head of both Structured Finance and the Non-Bank ...more »

Business Law News and Stories

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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 »

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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Legal expert: DOJ's suit against AT&T may be a negotiating tactic
The Hill (blog)September 5, 2011

The Justice Department's decision to sue to stop AT&T's merger with T-Mobile may be a negotiating tactic, according to an experienced antitrust lawyer. “[The Justice Department] is in a better negotiating ...more »

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Future attack lines from Mitt Romney, self-loathing Harvard elitist
SalonSeptember 1, 2011

He rescued businesses like Dade Behring, Stage Stories, American Pad and Paper, and GS Industries, then his company sold them for a profit of $578 million after which all of those firms declared bankruptcy. Which sounds bad, but don't worry, ...more »

Gaming Law
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Council goes all in on casino
Chicago TribuneSeptember 9, 2011

Pat Quinn to approve statewide gambling expansion legislation that would allow Chicago to own a casino. With nary a dissent, the City Council passed a resolution urging Quinn to sign the bill into law. The governor repeatedly has said the bill is "top ...more »

Banking Law
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Anglo Irish asks U.S. court to deny ex-CEO protection
ReutersSeptember 1, 2011

DUBLIN (Reuters) - Anglo Irish Bank ANGIB.UL asked a US court on Wednesday to deny its former chief executive David Drumm a discharge from United States bankruptcy laws as it seeks to recover debts of nearly $11 million from its former CEO. ...more »

Government Construction Contracts
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Do Private Contractors Save the Government Money?
ForbesSeptember 18, 2011

In any case, there is a time for contractors to do work for the government – short-term, project-based work makes sense, like construction jobs. We don't expect the government to have a Department of Construction. They can bid the work out. ...more »

Business Formation
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Students Win Scholarship Funds in ChinaEdu Corporation's Super Student Competition
MarketWatch (press release)September 2, 2011

ChinaEdu Corporation is an educational services provider in China, incorporated as an exempted limited liability company in the Cayman Islands. Established in 1999, the Company's primary business is to provide comprehensive services to the online ...more »

Institutional Investing
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SEC requests comments on use of derivatives by investment companies (press release)September 2, 2011

On August 31, the US Securities and Exchange Commission issued a concept release on the use of derivatives by mutual funds and other investment companies registered under the Investment Company Act of 1940. In the release, the SEC noted the "dramatic ...more »

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Md. Lawyer Pleads Guilty in Fla. to Federal Teen-Sex Enticement-Attempt Charge
ABA JournalSeptember 1, 2011

In addition to practicing family and business law, he ran an entertainment company and billed himself as a "master balloon entertainer" and magician. He also combined his love of camping with holiday events, using the woods near the family's home in ...more »

A Call to Reform Wisconsin's Class-Action Statute
WisBarSeptember 1, 2011

The court found commonality requires only “a community of interest among [the class members] in the questions of law and fact involved in the general controversy, or in the kind and form of relief demanded and obtained by or against each individual ...more »

Commercial Bankruptcy
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Governor Signs Simitian Bill that Aids Victims of Data Breaches
Patch.comSeptember 2, 2011

The new law requires business and agencies where breaches took place to provide victims with a full accounting of what transpired, how it may affect them, and how they can protect themselves. “No one likes to get the news that personal information ...more »

Internal Investigative Services
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City: Female MPD cop's complaints not supported by evidence
InMaricopa.comSeptember 1, 2011

An MPD Internal Investigations log shows that on Oct. 10, Payne, an African-American male, was issued a written reprimand for speaking about another employee in a derogatory manner. Drane and other female officers admitted they had cursed and had not ...more »

Commercial Leasing
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Greenberg Traurig's Expansion Continues in California; Adds Former Federal ...
MarketWatch (press release)September 1, 2011

Others include Orange County Tax shareholder Gino Bianchini and Environmental shareholder Greg Trimarche; the Orange County Real Estate team led by shareholders Bruce Fischer and Scott Morehouse; Los Angeles Labor and Employment/Class Action Defense ...more »

International Transactions
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Clarke likens ABS revolution to financial 'Big Bang' of 1986
Law GazetteSeptember 14, 2011

... challenges to UK supremacy was now to ward off potentially destabilising legislation from Europe, most notably the European Commission's proposals on contract law, which Clarke claimed would only complicate the business of international transactions.more »

Communications & Media
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Commission screens media law implementation
EurActivSeptember 2, 2011

He also made clear that the letters had nothing to do with the controversy over Hungary's media law which raged for the first few months of the year, stressing that this chapter had been successfully closed. The Commission's concerns regarding ...more »

Bridgnorth mother starts petition to end 24-hour licensing laws
shropshirestar.comSeptember 2, 2011

A Bridgnorth mother plagued by late-night drunks has started an online petition calling for an end to 24-hour licensing laws. Janet Smith, who lives in Cartway, had water poured into her house through an open window this week and claimed when she went ...more »

Construction & Development
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The American Lawyer Finds Money Not Buying Associate Loyalty
MarketWatch (press release)September 1, 2011

ALM, an integrated media company, is a leading provider of specialized business news and information, focused primarily on the legal and commercial real estate sectors. ALM's market-leading brands include The American Lawyer, Corporate Counsel, ...more »

Locating Funds
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Other union officials violated pension law
Chicago TribuneSeptember 2, 2011

Terrance Stefanski, the city pension fund's executive director, acknowledged that the men violated state law by participating in both funds but said they were given the chance to come into compliance because the city fund had no way of determining ...more »

Contracts Involving State & Minicipality
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Economy committee talks funding for new businesses
Antigua ObserverSeptember 2, 2011

St. John's Antigua- After canvassing the private sector for suggestions on how to reform and update the country's business law and infrastructure, a task force dubbed the Committee on the Economy has identified a venture capital fund as one of the ...more »

Mergers, Acquisitions & Divestitures
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Candice Beaumont Selected as Speaker at the 14th Annual Hedge Fund Worlds Asia ...
MarketWatch (press release)September 6, 2011

While at Lazard she advised clients globally on a wide array of transactions including mergers, acquisitions, divestitures, leveraged buyouts, recapitalizations, hostile takeovers and hostile defense. She left Lazard to work as a private equity ...more »

Corporate Finance & Taxation
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China does away with personal income tax
NinemsnSeptember 1, 2011

Tax Time 2011Doing your tax doesn't need to be daunting! Check out ninemsn Finance's Tax Time for tips and advice on how to make your 2011/12 tax return work for you. China's new personal income tax law goes into affect on Thursday, knocking 60 million ...more »

Mortgages & Foreclosures
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Enquirer sues judge to unseal case
Cincinnati.comSeptember 27, 2011

The woman became aware of the alleged theft only when her Springdale home came under foreclosure proceedings earlier this year. Those same documents list Morris' age as 50 during his April arrest and a resident of Mason. Because the case is sealed, ...more »

Creditor's Rights
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Welcome to Bahrain, the Empire's Torture Island
Pacific Free PressSeptember 4, 2011

Ahmed Aldoseri, the director of information and communications technologies at Bahrain's Telecommunications Regulatory Authority told Bloomberg Markets, "If they have a transcript of an SMS message, it's because the security organ was monitoring the ...more »

Non-Profit Corporations
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Abandoned Mine Safety
TucsonSentinel.comSeptember 2, 2011

The city of Globe worked with Cruz, executive director of the nonprofit organization Abandoned Mine Safety, to fill in the shafts because they were just feet from a hiking trail and an easy walk from an elementary school. Cruz, who ran unsuccessfully ...more »

Customs Disputes
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Two men are sentenced in Northern Kentucky heroin case
Lexington Herald LeaderSeptember 1, 2011

... to 74 months in prison and Antwan Wills, 29, to 37 months, according to the office of Kerry Harvey, the US Attorney for the Eastern District of Kentucky. Ross and Wills were criminally charged after US Bureau of Immigration and Customs Enforcement ...more »

Professional Corporations
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Can UK talent make white shoe firms a good fit in Hong Kong?
The LawyerSeptember 5, 2011

In addition, HKEx estimates that there were 187.2 million equity transactions during 2010, but according to the Law Society of England and Wales there are around 6500 practising solicitors in Hong Kong. The real challenge, then, is less for clients and ...more »

Debt Collection
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Madoff, Borders, West End, Point Blank, Farenco: Bankruptcy
BusinessWeekSeptember 2, 2011

Rakoff has been taking suits away from the bankruptcy court where claims are based on common law. The new suits only make claims under bankruptcy law. Still, Rakoff is yet to rule on a motion by a customer who wants a fraudulent transfer suit under ...more »

Public Offerings
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Jamestown Man Behind Bars for Allegedly Raping 12 Year Old
WKBW-TVSeptember 2, 2011

A news conference was held at the Jamestown Police Headquarters Thursday afternoon informing the public that the Chautauqua County District Attorney's office handed down a five count indictment against 22 year old Eric Chant of ...more »

Debt Settlement
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Century Negotiations Applauds CFPB's New Credit Card Complaint Resource
SBWire (press release)September 1, 2011

Last year we settled over $100 million not only for our own clients, but also for clients of other debt settlement companies. For more information call 1-888-913-8784 or visit »

Reorganizations & Restructuring
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Angel Food Ministries shuts down; September deliveries cancelled
The TennesseanSeptember 19, 2011

“We have every intention to continue offering great food at great prices in the coming months and are considering ways to reorganize or restructure our Ministry.” According to published reports, the charity has also laid of much of its staff. ...more »

Directors' & Officers' Liability
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Protexure Launches Social Media Resource for Small Accounting Firms
MarketWatch (press release)September 13, 2011

AmerInst Professional Services, Ltd., a nationwide professional liability insurance provider, is offering free tips on the "How to's of a Social Networking Policy." This must-read social media resource is designed to help solo practitioners and small ...more »

State & Minicipal Bonds
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Check reviews: Has employee ever complained?
Business Management DailySeptember 3, 2011

Aggressive attorneys don't stop with federal laws like FMLA, ADA and FLSA: they use state and local living-wage statutes, rural codes, plus discrimination and other laws to sue employers for sky's-the-limit damages. This Florida-specific newsletter ...more »

False Advertising
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Flurry reveals stunning growth in mobile app ad inventory
BizReportSeptember 1, 2011

Their latest research reveals available inventory for mobile advertising could absorb all Internet advertising in as little as six months. by Helen Leggatt Flurry's latest findings show that the "US app inventory is not only growing at a staggering ...more »

Trade Associations
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Welcoming reception for former LV attorney up for judicial promotion
Las Vegas Review-JournalSeptember 8, 2011

Wallach was nominated in July to sit on the US Court of Appeals for the Federal Circuit, which hears specialized cases involving patent and trade laws, government contracts, federal personnel and veterans benefits. Wallach, a native of Arizona, ...more »

Federal Contracts
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Judge orders Rosemary Barbour to pay damages
SunHerald.comSeptember 1, 2011

A federal claims court has ordered Rosemary Barbour to pay more than $350000 in penalties and damages to FEMA in what the judge described as a scheme to defraud the government on a post-Hurricane Katrina contract. The decision by Judge Christine Odell ...more »

Unfair Competition
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US GOLD - Comex gold rallies as weak jobs report points to additional Fed easing
FXstreet.comSeptember 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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South Dakota State and Federal Disaster Aid Tops $9 Million
KMEG 14September 2, 2011

FEMA's "Individual Assistance" program for individuals and families was declared on August 23. More than1,000 households and businesses have registered for the aid since then. $1.8 million has been approved in Individual Assistance grants for 543 South ...more »

Venture Capital
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Google's Former China Head Lee Raises $180 Million for Technology Fund
BloombergSeptember 1, 2011

By Bloomberg News - Thu Sep 01 02:53:37 GMT 2011 Kai-Fu Lee, founder and chief executive officer of Innovation Works Inc. Photographer: Qilai Shen/Bloomberg Innovation Works, the venture capital firm founded by Google Inc. (GOOG)'s former China head, ...more »


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