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

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Obama makes Trump's case on affirmative action
WND.comSeptember 1, 2011

In April of this year, after persistent badgering by MSNBC's Chris Matthews, veteran commentator Pat Buchanan said the obvious about President Barack Obama: "I think he's affirmative action all the way." Matthews had been goading Buchanan to defend ...more »

The Paley Center for Media Announces New Speakers for International Council ...
PR Newswire (press release)September 1, 2011

...Communications; Alberto Pecegueiro, GloboSat; Kuben Pillay, Primedia LTD; Geoffrey Sands, McKinsey & Company; Yossi Vardi, International Technologies; Blair Westlake, Microsoft; Susan Whiting, The Nielsen Co.; Mehmet Ali Yalcindag, Dogan Media; ...more »

Business Law News and Stories

Advertising
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Photo by: Thinkstock/Imagebank
Jerusalem PostSeptember 5, 2011

I guess crime stories just don't particularly speak to me, even with a fatality and a possible personal link to the story. While it's possible that working in the industry has desensitized me, I think I just tend to find diplomatic- and ...more »

Foreign Investments
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Frack Gas Not Likely To Displace King Coal, Study Suggests
Forbes (blog)September 1, 2011

If the historic laws of energy economics applied, production would follow reserves in a ratio of 1:10. A fourfold increase in reserves, from 200tcf to 800tcf, would be followed by a similar increase in gas production to 20tcf to 80tcf. ...more »

Antitrust Law, Domestic
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AT&T Will Fight Justice Department Anti-trust Claim
TechnoratiSeptember 3, 2011

Faced with a $7 billion cancellation fee and an antitrust case that would derail its expansion plans, AT&T will see the Justice Department in court. Wednesday's announcement by the government that it would ask a federal court to block the $39 billion ...more »

Franchising
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Window Genie Window Cleaning Franchise Comes to Leesburg, Fla.
PR Web (press release)September 2, 2011

He put a lot of thought into starting a business and decided that a Window Genie franchise would be the ideal way to reach his goal of being his own boss. “This lets me do my own thing, but with structure. It's going into business for yourself, ...more »

Gaming Law
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Feds approve casinos for 2 Calif. tribes
Tulsa Native American TimesSeptember 7, 2011

There have been only a handful of such exceptions granted since 1988, according to Kathryn Rand, co-director of the Institute for the Study of Tribal Gaming Law and Policy at the University of North Dakota. Rand said Friday's decisions by the Obama ...more »

Banking Law
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Debt After Death: Banks Chase Down Mourners
WISC MadisonSeptember 3, 2011

However, the agents told her that since the calls were computer-generated they couldn't stop them until the debt was paid. Crabtree's lawsuit claims that Bank of America violated state debt collection laws. Her lawyer, Gary Shigemura, said the bank has ...more »

Government Construction Contracts
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Shifting standards: new JCT contracts
Building.co.ukSeptember 8, 2011

Its reference to construction contracts and issues that are pertinent to such contracts is of direct relevance to JCT. For central government works it states its intention to move towards using only standard forms of contract with minimal amendment. ...more »

Business Formation
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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 »

Institutional Investing
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Tetragon Financial Group Limited (TFG) Announces Update on its Share ...
PR Newswire (press release)September 9, 2011

In addition, TFG has not been and will not be registered under the US Investment Company Act of 1940, and investors will not be entitled to the benefits of such Act. TFG is registered in the public register of the Netherlands Authority for the ...more »

Commercial
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Taxes: How To Turn In Your Neighbor to the IRS
Wall Street JournalSeptember 2, 2011

(Some cases, such as tax shelters, involve multiple taxpayers.) Scott Knott of the Ferraro Law Firm in Washington says the IRS has accepted from his firm alone cases involving claims of $98.6 billion of unpaid tax, with one case involving unpaid ...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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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 »

Internal Investigative Services
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Photo Release -- Northrop Grumman Appoints Valerie Caproni Vice President and ...
MarketWatch (press release)September 19, 2011

She will be responsible for leading and managing a top quality internal legal team, and overseeing outside counsel for litigation, arbitration and investigations. Caproni will serve as a principal interface for Northrop Grumman with regulators on major ...more »

Commercial Leasing
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Laws Were Propounded By Foreigners
Middle East North Africa Financial NetworkSeptember 5, 2011

In her remarks, President Johnson Sirleaf said Cllr. Banks was chosen to fill the vacancy because he carries with him to the Supreme Court a record of exceptional experience as a practicing lawyer, public servant, and legal scholar. ...more »

International Transactions
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August Lawyer of the Month: Bow Down Before the King
Above the LawSeptember 13, 2011

Get Above the Law updates in your inbox! By Above the Law Business Situation: Seyfarth Shaw, an AMLaw 100 Chicago firm, wanted an alternative to the Thomson West retooled version of LiveNote™, now embedded in West Case Notebook®. ...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 »

Free Press investigation: The issue was licensing
BurlingtonFreePress.comSeptember 23, 2011

That Board, the Health Department and the Vermont Medical Society are now working on an update of the licensing laws, including new language that would allow for the issuance of an administrative medical license. Farber's hiring, announced Aug. ...more »

Construction & Development
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AFL-CIO Providing $134M for Penn South's Rehabilitation
Citybizlist Real EstateSeptember 1, 2011

The union's pension capital will be used to renovated the 10-building complex and create 610 union construction jobs in the process. Wells Fargo has partnered with the union on the loan. "Our investment is helping sustain a vital urban community that ...more »

Locating Funds
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Republicans flag DC Council members' use of constituent funds
Washington PostSeptember 2, 2011

Elected officials are generally given wide latitude to spend the money as they see fit, but the law prohibits its use for political purposes and campaigns. The GOP findings could fuel debate over whether more restrictions should be placed on how ...more »

Contracts Involving State & Minicipality
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If history is a judge, upstate NYers can have some comfort in fed response ...
The RepublicSeptember 3, 2011

Thousands of people who shivered through the January storm and relied on generators were worried then, too, if the federal and state government would come through with relief aid to get them back on their feet. Besides state resources to municipalities...more »

Mergers, Acquisitions & Divestitures
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Navatar Group's Cloud Computing for Wall Street Firms Featured in Salesforce ...
MarketWatch (press release)September 28, 2011

The full story can be viewed at: Navatar provides fully built cloud solutions for Mutual Funds, Hedge Funds, Capital Markets, Private Equity, Mergers & Acquisitions, Corporate M&A and Placement Agents. These solutions run in salesforce.com's cloud and ...more »

Corporate Finance & Taxation
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Amazon offers Calif. 7000 jobs to hold off on tax law
Washington PostSeptember 2, 2011

... representatives met with legislative staff and lobbyists Tuesday and offered to bring six distribution centers to the state if the law, which requires that online retailers collect sales tax in the state, doesn't go into effect for a few years. ...more »

Mortgages & Foreclosures
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Community law: What rights remain for HOA member in arrears?
The News-PressSeptember 25, 2011

From time to time our association is served with foreclosure lawsuits which state that the association has 20 days to respond. Is it necessary for the homeowners' association to file a response? A: In order to foreclose its mortgage, a bank typically ...more »

Creditor's Rights
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Settlement talks planned in Deuce McAllister suit
Houston ChronicleSeptember 1, 2011

McAllister has invested heavily in his native Mississippi, but his Nissan dealership in Jackson closed after filing for bankruptcy in 2009. Nissan Motor Acceptance Corp. sued McAllister for more than $1.5 million, claiming the dealership defaulted on ...more »

Non-Profit Corporations
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Non-Profit Uses Federal Grant Money For Strip Club
The StirSeptember 2, 2011

Miracle Hands is a non-profit organization led by Cornell Jones (of American Gangster fame) that aims to help the downtrodden better themselves through job training, HIV prevention services, and even nutrition and hygiene counseling. ...more »

Customs Disputes
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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
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Naming rights open for U's new corporate law institute
Bizjournals.com (blog)September 20, 2011

The University of Minnesota Law School plans to open an institute for business law in January, and it's looking for a big donor to put its name on it. Naming rights are up for grabs at the Law School's new Corporate Institute, the Minnesota Daily ...more »

Debt Collection
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The Sun Will Come Out... Tomorrow?
Fox and Hounds Daily (blog)September 1, 2011

Now, there's nothing legally wrong nor in my view, morally wrong with declaring bankruptcy; it is a provision under the law for those who have experienced extreme circumstances. But when you are a business that has received hundreds of millions of ...more »

Public Offerings
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Back to School: Do Tax Preparer Exams Keep Taxpayers Safe?
Forbes (blog)September 11, 2011

To clarify, Notice 2011-6 (downloads as a pdf) states that, to qualify for the testing and continuing education exemption, the supervised preparer must be employed by “a law firm, certified public accounting firm, or other recognized firm”: For ...more »

Debt Settlement
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Northwest Ohio records 26 percent drop in bankruptcy filings for August
Bankruptcy HomeSeptember 2, 2011

Thus far in 2011, there have been 463 cases filed under Chapter 13 bankruptcy law. Chapter 13 bankruptcy is considered the reorganization filing. Unlike Chapter 7, which requires liquidation of all the debtor's nonexempt assets, Chapter 13 allows the ...more »

Reorganizations & Restructuring
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Miami-Dade Commission backs budget, but demurs on reorganization plan
MiamiHerald.comSeptember 10, 2011

So I don't get it.” On Sept. 1, Martinez issued a statement asking the mayor for more urgency in his plans. “I have once again requested from the Mayor to provide us with his restructuring plan immediately,” Martinez said in a statement at the time.more »

Directors' & Officers' Liability
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PNP files plunder raps vs Mike A., others
Philippine StarSeptember 2, 2011

Both officials have denied liability in the purchase of second-hand helicopters in hearings conducted by the Senate Blue Ribbon Committee. Retired and active officials of the PNP, who were part of the bids and awards and inspection and acceptance ...more »

State & Minicipal Bonds
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Pro-con: Is health care law hurting job creation?
Kansas.com (blog)September 3, 2011

But in the 15 months after the law passed, the economy added a mere 6500 jobs each month on average — less than one-tenth the pre-health care act rate. Other factors are at work, of course. Companies must see an improvement in the business climate ...more »

False Advertising
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Business of Law
Denver Business JournalSeptember 2, 2011

Masters has his own firm, Masters Law Firm, in Montrose. Dana Collier Smith, assistant executive director of both the Colorado and Denver bar associations, was named president of the National Association of Bar Executives. BOARDS: The Colorado Defense ...more »

Trade Associations
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Chevron Corporation (NYSE:CVX) Wins Legal Case
eMoneyDailySeptember 1, 2011

The energy company Chevron Corporation (NYSE:CVX) has won a $96 million arbitration claim against the government of Ecuador for violating International Trade Law. The international arbitration tribunal settled seven cases the company filed against ...more »

Federal Contracts
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Police contract may extend into 2012
Massillon IndependentSeptember 1, 2011

31. The reasons for the contract extensions are twofold. First, the fate of the collective bargaining law, known best as Senate Bill 5, will have been decided at the polls by voters Nov. 8, therefore defining the framework of the negotiations. ...more »

Unfair Competition
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SkyCam Prevails in Lawsuit Against Actioncam
BenzingaSeptember 8, 2011

... the Northern District of Oklahoma, found that Mr. Bennett, a former employee of SkyCam, breached his separation agreement with the company and that he, along with Actioncam, misappropriated SkyCam's trade secrets and engaged in unfair competition. ...more »

Federal Grants
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ALEC 'Guide to Repealing ObamaCare' echoes Florida legislative action
Florida IndependentSeptember 1, 2011

Florida is one of a handful states rejecting grants from the federal health care reform law, a key strategy suggested in literature provided at this year's American Legislative Exchange Council conference, ...more »

Venture Capital
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Nontoxic energy storage snags $30 million in funding
CNETSeptember 8, 2011

Aquion Energy, a developer of nontoxic batteries, announced today it has raised $30 million in venture capital funding. Investors in this round of funding include Foundation Capital, TriplePoint Capital, Advanced Technology Ventures, and Kleiner, ...more »

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