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

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SC DNR Sees Highest Coyote Population Ever In South Carolina
News Channel 7September 1, 2011

The South Carolina Department of Natural Resources now says there are more coyotes in the Palmetto State than ever before ? and the coyotes are here to stay. (more) When the call of the wild is calling right outside your door - that sound could make ...more »

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 »

Business Law News and Stories

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Boulder council eying rules to make pot ads look like medicine, appeal to ...
Denver PostSeptember 3, 2011

Violating the new advertising rules would not come with a fee or fine. Instead, Huntley said, the city would consider a company's advertising practices as "one factor" when it comes time to renew its business license. The city's proposal generated a ...more »

Foreign Investments
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Foreign investments in West Balkans countries in 2010 , report
EMportalSeptember 1, 2011

A decrease in direct foreign investments in West Balkans countries has been recorded in 2009 compared to 2010. The UNCTAD report says that, most of foreign investments have gone to Serbia, and then to Albania. A decrease in direct foreign investments...more »

Antitrust Law, Domestic
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Timing of antitrust suit catches AT&T by surprise
The Seattle TimesSeptember 5, 2011

The suit halted the biggest deal of the year and drew a line in the sand on antitrust policy that may affect pending acquisitions. The sudden turnaround occurred because the Justice Department came to a meeting the day before looking for AT&T to lay ...more »

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Franchisor Hit Hard for Pretending Employees Are Franchisees
Blue MauMauSeptember 1, 2011

On one pertinent question addressing whether Coverall could deduct franchise fees from the employees' wages, the state's Supreme Court concluded, "No. . . the Wage Act forbids the deduction." The case has brought criticism from the franchisor community ...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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BSP guidelines put teeth into Agri-Agra law
Inquirer.netSeptember 4, 2011

The Bangko Sentral ng Pilipinas has issued the necessary guidelines to implement the new and stricter Agri-Agra law amid protests from the country's banking sector. The law's amended version, Republic Act No. 10000, calls for stricter implementation of ...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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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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Jon Netts: The Live Interview
FlaglerLive.comSeptember 11, 2011

Principal jobs: In New Jersey: Teacher, School Administrator, Teacher Trainer; Real Estate Broker, College Instructor in Real Estate Law and Investment. In Florida: Owner of a floor covering store, Tow boat operator for TowBoat US Party affiliation: ...more »

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College of Law launches strategic review and eyes potential sale
Legal WeekSeptember 2, 2011

The two law schools have come to dominate the upper reaches of the UK's vocational legal market after striking a string of bespoke training deals with leading commercial law firms over the last decade. As such, the outcome of the review will be closely ...more »

US NGOs support proposal to modernize Foreign Assistance Act of 1961
Reuters AlertNetSeptember 8, 2011

Key provisions in the draft would improve the efficiency and effectiveness of foreign assistance, while also protecting US interests. “This new plan to streamline and modernize foreign assistance makes more sense than haphazardly slashing the budget ...more »

Commercial Bankruptcy
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Widener Law programs to receive prestigious honor
Cecil WhigSeptember 5, 2011

Widener's Institute of Delaware Corporate and Business Law offers the only master's-level corporate program in the United States accredited with the society, which is an arm of the Health Care Compliance Association. Additionally, Widener offers a ...more »

Internal Investigative Services
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Alderwoman wants investigation into Kings Inn demolition
Mid-Hudson NewsSeptember 1, 2011

KINGSTON – Kingston Alderwoman Andi Turco-Levin Wednesday said she is working with the common council's Finance Committee to begin an internal investigation of City Hall's dealings with contractors who were hired to demolish the former Kings Inn motel. ...more »

Commercial Leasing
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Web Based Job Scam Using Local Businesses to Steal Information
Bell Gardens SunSeptember 1, 2011

By EGP News Report Detectives from the Los Angeles Police Department's (LAPD) Commercial Crimes Division, Metropolitan Financial Section are asking for the public's assistance in identifying suspects who are engaged in an employment scam using various ...more »

International Transactions
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FinCEN Proposes Mandatory E-Filing of BSA Reports
Journal of AccountancySeptember 15, 2011

FinCEN has provided technical specifications to assist programmers in preparing their systems to e-file future large-batch filings of Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs), as part of its overall technology ...more »

Communications & Media
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Who Checks Your Company's Social Media Profile?
Entrepreneur (blog)September 1, 2011

But for those who may have been on the fence about using social media or who only use the sites occasionally, this news may drive you to rethink that strategy. At the very least, if your existing communications plan is more than two years old, ...more »

Patient: Closing medical marijuana dispensary would be a 'disaster'
AnnArbor.comSeptember 1, 2011

The establishments can be shut down under a state public nuisance law, according to state Attorney General Bill Scheutte. Ann Arbor is reviewing a new zoning and licensing process in light of the court's ruling. Mandeville said he takes medical ...more »

Construction & Development
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Michigan Attorney General Re-Affirms Right Of Gun Owners To Use Silencers (press release)September 2, 2011

Federal law imposes restrictions and taxes on the transfer or making of certain firearms, including devices such as silencers or mufflers. 28 USC 5845(a); 18 USC 921(a)(3).2 The Department of Justice regulates firearms through the Bureau of Alcohol, ...more »

Locating Funds
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Sweeping patent changes poised to become law
CNNSeptember 9, 2011

After the bill is signed, Congress will continue to allocate funds to the patent office, but any fees that the office collects in excess of its allocation would be placed into escrow. The patent office will then need to appeal to Congress to release ...more »

Contracts Involving State & Minicipality
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Sewage plant's cost soars to $40m
CottageCountryNow.caSeptember 7, 2011

“When the main contract was tendered it came in massively over budget and significant steps were taken to cut the project back — major surgery, in fact,” said White. Two of the project's components, including an administration building, were deferred ...more »

Mergers, Acquisitions & Divestitures
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Middle East North Africa Financial NetworkSeptember 9, 2011

... estimates, and projections about our industry, and management's beliefs and assumptions, and do not reflect the potential impact of any mergers, acquisitions, or other business combinations or divestitures, that have not been completed. ...more »

Corporate Finance & Taxation
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Takeover Chatter - Corporate finance press digest
Takeover ChatterSeptember 2, 2011

The following corporate finance-related stories were reported by media on Friday: * GlaxoSmithKline has taken a group of private equity funds and strategic bidders through to a second round of the sale of its non-core over-the-counter products, ...more »

Mortgages & Foreclosures
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Free foreclosure prevention workshop today
WKYC-TVSeptember 22, 2011

The aim is to arm homeowners with the information they need to protect themselves from the many troubling aspects of foreclosure situations. The workshop features free legal advice about the most common loan document problems, explanations of the laws...more »

Creditor's Rights
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Solyndra Bankruptcy: Economic and Sustainable Business Lessons
Triple PunditSeptember 2, 2011

The once highly touted clean tech start up, Solyndra, has filed for bankruptcy.Solyndra was hoped to be a key mover and player in the clean tech and solar industry. The United States Federal ...more »

Non-Profit Corporations
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City Is Subpoenaed for Files on Minority Company
New York TimesSeptember 2, 2011

in the city government's contracting set-aside program for businesses owned by minorities and women. During the long tenure of former Mayor Richard M. Daley, which ended with his retirement in May, the minority-business program was a frequent source of ...more »

Customs Disputes
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Is regional integration mere rhetoric?
Mmegi OnlineSeptember 2, 2011

He said SADC has done much towards regional integration, such as establishing the Southern African Customs Union (SACU), and abolishing the need for visas among countries such as South Africa, Zambia and Mozambique. The nations in the region, however, ...more »

Professional Corporations
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Corporate lawyer takes life-changing risk
Cincinnati.comSeptember 6, 2011

For nearly a decade he had advised clients on tax matters related to corporate mergers and acquisitions. He was good at his job - and well qualified for it, what with a finance degree from Miami University, and MBA and law degrees from the University ...more »

Debt Collection
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Feds sue big banks over large losses
Northwest HeraldSeptember 3, 2011

But the lawsuits also raised questions about the toll they might have on the health of the already struggling banking sector and the prospects for a housing market recovery. The federal action also underscored the often contradictory relationship ...more »

Public Offerings
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Attorney general: Wyoming agency heads cannot change employment status
Billings GazetteSeptember 2, 2011

The top official at the Wyoming Department of Education cannot change employee status without approval from the state's Department of Administration and Information, according to the state attorney general's office. State Superintendent of Public...more »

Debt Settlement
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When a Bankruptcy 'Event' Doesn't Mean Bankruptcy
New York TimesSeptember 1, 2011

In finance and law, bankruptcy is understood to mean a process for resolving financial distress, like those under the United States Bankruptcy Code or the Companies' Creditors Arrangement Act in Canada. State law assignments for ...more »

Reorganizations & Restructuring
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McMillan markets Montreal connection
Montreal Gazette (blog)September 22, 2011

The law firm built up a strong niche representing financial institutions and developed an insolvency and restructuring practice that has seen it participate in many of Canada's big corporate reorganizations. Mendelsohn GP, an outgrowth of the original ...more »

Directors' & Officers' Liability
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Troubled Craig County agency gets new director
Roanoke TimesSeptember 2, 2011

... and disorganized staff and work areas [that] puts customers at risk of harm and the agency at liability." The quality management review found that then-director Bill Wilcher, who retired earlier this year, and his staffers were "well-intentioned" ...more »

State & Minicipal Bonds
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Rich List: What the country's rich have in common
BusinessLIVESeptember 4, 2011

Motsepe's law degree has helped him in his career as a mining mogul - he specialised in mining and business law while working at the law firm Bowman Gilfillan in the early '90s. Shoprite chairman Christo Wiese, the fourth richest man in SA, ...more »

False Advertising
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Portable toilets serve as new advertising medium
WBIR-TVSeptember 2, 2011

Arguably, advertising can be seen nearly everywhere you go. Those who go to this year's UT season opener, will see messages appear in the most unlikely of places, on the portable toilet. "What people are paying for in advertising are impressions," said ...more »

Trade Associations
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Drawing the Wrong Lessons -- as Usual -- for Labor Day
Huffington Post (blog)September 3, 2011

And if it's outright subsidies that get Chinese solar panels into the US (which evidence suggests is at least part of the story), then why not enforce our trade laws? (I know, law and order is so... Nineties.) But the reality is that solar power is not ...more »

Federal Contracts
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Needed: Budget reforms to save money into the future
Washington TimesSeptember 2, 2011

Consider federal contracting rules, which include Depression-era rules such as Davis-Bacon, which require federally funded construction projects to pay the so called “prevailing wage,” which really means union wage rates. ...more »

Unfair Competition
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Google's 'Bait & Switch' Deception Exposed at Hearing
ForbesSeptember 22, 2011

Yesterday's Senate antitrust hearing on Google exposed Google's core antitrust vulnerability, that Google has perpetrated what maybe the largest “bait and switch” scheme ever. Simply, Google has baited over a billion users to implicitly trust Google ...more »

Federal Grants
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Curtis Hatch, Author of "When the gods go Astray" Comments on Devastation of ...
San Francisco Chronicle (press release)September 2, 2011

What powers do the US Constitution grant to the Federal Government? Should the government be in the insurance business? Curtis Hatch thinks it should not; these are state responsibilities. It is important to not let emotions override logic in these ...more »

Venture Capital
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Now A Venture Capitalist, Michael Arrington Leaves TechCrunch
Wall Street Journal (blog)September 2, 2011

Michael Arrington, founder of TechCrunch, will move on from the blog he founded to become a venture capitalist full-time. Now the founder of TechCrunch has stepped into an even bigger spotlight, launching a $20 million venture capital fund with backing ...more »


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