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

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Financial-Planning.comSeptember 1, 2011

Thomas believes "most financial planners simply won't address estate tax planning with sufficient vigor [because] there is no incentive to pursue this type of planning. Some planners would love to do really complete plans, but struggle to get clients ...more »

Pixieland Employee Arrested For Having Child Porn
KTVU San FranciscoSeptember 1, 2011

... is related to the park's owners. Police say that about 10:30 am, investigators with the local Internet Crimes Against Children (ICAC) task force arrested 33-year-old Christopher Michael Hull, a Pixieland employee, for possessing child pornography. ...more »

Business Law News and Stories

Advertising
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Boulder seeks restrictions on medical marijuana advertising
Daily CameraSeptember 2, 2011

Deborah Prowell holds up an advertising board for Boulder MM Dispensary along Pearl Street on Oct. 22, 2010. The Boulder City Council will decide Tuesday whether to prohibit advertising that appeals to recreational ...more »

Foreign Investments
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Investment Adviser Sentenced to 14 Years in Prison for $16.7 Million ...
7thSpace Interactive (press release)September 8, 2011

President Obama established the interagency Financial Fraud Enforcement Task Force to wage an aggressive, coordinated, and proactive effort to investigate and prosecute financial crimes. The task force includes representatives from a broad range of ...more »

Antitrust Law, Domestic
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Opinion: Oversight of corporate compliance in health care more important than ever
Michigan Business Review - MLive.comSeptember 1, 2011

... regulatory requirements for some time, requiring directors to pay careful attention to compliance with a number of laws, including federal and state fraud and abuse laws, the physician self-referral, antitrust laws, HIPAA, and tax-exempt standards. ...more »

Franchising
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Office Depot Opens First Caribbean Store; Plans 3 More For 2012
Wall Street JournalSeptember 1, 2011

Office Depot Inc. (ODP) opened its first Caribbean store in Santo Domingo under a franchise agreement with Benmore International and plans to open three more Dominican Republic stores in 2012. Several retailers have expanded internationally to spur ...more »

Gaming Law
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INTERNET LAW - The Current Situation of Online Gambling in the European Union
IBLS INTERNET LAW (subscription)September 5, 2011

The Commission Green Paper is the first step in a series of studies about online gambling in the EU that may culminate with a possible harmonization of gambling laws. There are several preliminary rulings and irreconcilable frameworks that make online ...more »

Banking Law
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Kuwait's Rapid Growth Could Make It A Money-Laundering Risk
Wall Street Journal (blog)September 6, 2011

Rapid growth in Kuwait's banking sector could make the country attractive to money launderers and terrorism financiers, the International Monetary Fund said Monday in a report. The report, which was conducted during an on-site visit ...more »

Government Construction Contracts
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Sinohydro to Sell 3.5 Billion Shares in Shanghai From Sept. 26
BloombergSeptember 19, 2011

The Chinese company has also won construction contracts in Asia, Africa and South America. The funds will also be used for a dam in Cambodia, the company said in July. Sinohydro is in talks to build a hydropower station in Costa Rica, ...more »

Business Formation
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Deutsche Boerse: Legal Review Puts NYSE Merger Into Question
NASDAQSeptember 6, 2011

XE) and NYSE Euronext (NYX) doesn't comply with rules on market supervision and German authorities should forbid it, according to a review by a business law professor at Magdeburg University. Professor Ulrich Burgard presented the study Tuesday ...more »

Institutional Investing
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Azerbaijan interested in creating investment funds
Trend News AgencySeptember 14, 2011

In the near future the process of forming investment funds based on appeals will begin. The law on investment funds was adopted by the Azerbaijani parliament on Oct.22, 2010. Earlier this activity was regulated by a similar law, adopted in 1999. ...more »

Commercial
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Lavery adds four lawyers
Montreal Gazette (blog)September 1, 2011

Beside poaching commercial real estate and financing specialist Louis-Marie Dubé away from Fasken Martineau LLP, Lavery LLP added three other lawyers to its team over the summer. They include: Veteran tax and estate planning specialist Éric Gélinas a ...more »

The Law Firm of Weiss & Lurie Investigates Penn Millers Holding Corp.
MarketWatch (press release)September 8, 2011

Weiss & Lurie is investigating whether PMIC's Board acted in the best interests of its shareholders in approving the transaction. Notably, as of June 30, 2011, PMIC's book value per share was $20.27, indicating that the stock may be undervalued. ...more »

Commercial Bankruptcy
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Maddin, Hauser, Wartell, Roth & Heller, P.C. Names Lindsey R. Johnson as an ...
PR.com (press release)September 1, 2011

Johnson brings six years of litigation experience to Maddin Hauser, representing clients in matters involving bankruptcy, commercial litigation, real property, insurance defense and negligence. The Farmington Hills resident is a member of the Federal ...more »

Internal Investigative Services
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NEPZA Boils As DG Scuttles Tenure Policy — Investigation
Leadership NewspapersSeptember 22, 2011

The Nigeria Export Processing Zones Authority (NEPZA)is facing an internal crisis. Its chief executive officer, Arc. Sina Agboluaje, and the staff are now at daggers-drawn, and the matter appears beyond amicable resolution. Agboluaje was accused of ...more »

Commercial Leasing
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Ind. lawyer: IBM bid to depose Daniels 'meritless'
Wall Street JournalSeptember 7, 2011

AP INDIANAPOLIS — It sounds like an attorney for the state of Indiana will fight a new attempt by IBM Corp. to depose Gov. Mitch Daniels. Armonk, NY-based IBM says in a motion to a lawsuit filed this week that if Daniels can lead a motorcycle tour ...more »

International Transactions
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The Churn: Lateral Moves and Promotions in The Am Law 200
The Am Law DailySeptember 1, 2011

Johnson, formerly with Epstein Becker Green, has a broad labor and employment practice covering litigation and counseling work. Areas of expertise include wage and hour, trade secrets, executive compensation, employment contracts, and invasion of ...more »

Communications & Media
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Clarkson professor edits book named to top 100 in Technical Communication
North Country NowSeptember 2, 2011

A book edited by Clarkson University Professor of Communication & Media Johndan Johnson-Eilola was recently named one of the "Top 100 Books in Technical Communication" by the Society for Technical Communication. An article in the July/August issue of ...more »

Contractor licensing nears implementation
Stuttgart Daily LeaderSeptember 12, 2011

Paxton said city Code enforcement officers would be in charge of enforcing the law as well as state inspectors. More information on the upcoming meeting will be announced as it becomes available. For more information on the licensing, ...more »

Construction & Development
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Practicing law a family business for Davises
Salisbury PostSeptember 1, 2011

Attorney James A. Davis II took the oath Tuesday morning which allows him to practice law in North Carolina. He will do so out of the same office as his father, James A. Davis, who stood next to his son during the swearing-in at the Rowan County ...more »

Locating Funds
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SECP amends law to boost mutual funds
Pakistan TimesSeptember 7, 2011

After the amendments the minimum required capital (MRC) for the mutual funds has come down to Rs100 million. Moreover the fee given by the fund manager to the broker has also been reduced from a maximum 30 percent to 15 percent per annum.more »

Contracts Involving State & Minicipality
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Council weighs library increase
Centre Daily TimesSeptember 2, 2011

Ferguson also has proposed a separate, three-year contract with the library, outlining its contribution. Ferguson paid about $319000 in 2011, more than 28 percent. Some College Township officials took issue with Ferguson's position, particularly in ...more »

Mortgages & Foreclosures
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Nevada AG puts Bank of America on notice over foreclosures
VEGAS INCSeptember 19, 2011

Hey, big bank: Bring it on. The impetus for this legislation and previous legislation we worked on in 2007 and 2009 is based on complaints that came into my office as well as our investigations. In 2007, we had some great legislation that made mortgage ...more »

Corporate Finance & Taxation
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Viebrock obliged to lead on law enforcement issues
Springfield News-LeaderSeptember 1, 2011

Letting the deadline pass without putting a new law enforcement sales tax on the November ballot is a missed opportunity -- one that will not come around again for three months at the earliest. Greene County Presiding Commissioner Jim Viebrock has said ...more »

Non-Profit Corporations
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New rule would expand tight Obama lobbying rules to all federal workers
The HillSeptember 16, 2011

Gross heads the firm's political law practice and advises clients on campaign finance and ethics law. OGE proposed the regulation because Obama's executive order tasked the agency with expanding the lobbyist gift ban across the entire federal ...more »

Creditor's Rights
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Banks, AT&T, BP-Halliburton, DuPont, Roger Clemens in Court News
BloombergSeptember 6, 2011

Picard, who appealed the ruling, said bankruptcy law gives him the powers necessary to bring his suit. “The bankruptcy code allows the trustee to stand in the shoes of a judgment creditor and assert common-law claims against JPMC,” he said in a court ...more »

Professional Corporations
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Taylor Wessing sets up Brazil unit to target BRIC work
The LawyerSeptember 5, 2011

Corporate lawyer Daniel Coelho Moreira, who joined from Pinheiro Neto Advogados, will run the group alongside competition and disputes partner Jan Curschmann. The firm had already appointed 'territory partners' to explore options in the Bric ...more »

Customs Disputes
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New Rules of Origin a boost to trans-Tasman trade
Fibre2fashion.comSeptember 3, 2011

Changes to the Rules of Origin under the Australia New Zealand Closer Economic Relations Trade Agreement (CER), will reduce costs for exporters Customs Minister Maurice Williamson and Trade Minister Tim Groser say. The Rules of Origin determine which ...more »

Public Offerings
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IN THE INTEREST OF M.H.
Leagle.comSeptember 5, 2011

Yvonne Smith Segars, Public Defender, attorney for appellant (Susan Brody, Assistant Deputy Public Defender, of counsel and on the brief). Marlene Lynch Ford, Ocean County Prosecutor, attorney for respondent (Samuel Marzarella, Assistant Prosecutor, ...more »

Debt Collection
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Power-preaching author has new role at American Apparel: Calming influence
Kansas City StarSeptember 6, 2011

Greene's outsider perspective has been especially valuable in the last year as the company has confronted speculation that it would file for bankruptcy protection. Despite the cunning tone Greene adopts in his books, in person he's calm and ...more »

Reorganizations & Restructuring
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Perkins & Marie Callender's Wins Approval to Seek Creditor Vote on Plan
BloombergSeptember 8, 2011

Gross said he was “satisfied” that the disclosure statement provided creditors with enough information to make a decision about whether to support the restructuring proposal. The company will seek court approval of its reorganization plan at a hearing ...more »

Debt Settlement
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Lender: Even 9th Circuit knows its cramdown ruling creates a conflict
Thomson Reuters News & InsightSeptember 1, 2011

Penrod argued in her opposition brief that because the Bankruptcy Code does not define “purchase-money security interest,” the lower courts properly turned to California state law to conclude that funds advanced to pay off negative equity do not ...more »

State & Minicipal Bonds
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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 »

Directors' & Officers' Liability
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British insurance giant comes to town
Montreal GazetteSeptember 2, 2011

Nicholl Paskell-Mede LLP (NPM), the professional liability insurance boutique law firm founded in Montreal 19 years ago, is now formally part of London-based Clyde & Co. LLP - itself in the middle ...more »

Trade Associations
[read all news]
ITC reviewing Apple patent victory over HTC
Apple InsiderSeptember 17, 2011

The US International Trade Commission announced this week its intention to review a judge's ruling that Taiwanese handset maker HTC had infringed on two of Apple's patents, with a final decision scheduled to arrive by Dec. 6. ...more »

False Advertising
[read all news]
22squared adds Jackson Hewitt to the fold
Bizjournals.comSeptember 1, 2011

The Atlanta-based advertising agency will be Jackson Hewitt's (NYSE: JTX) agency of record for brand planning, creative, media buying/planning and design responsibilities. The first creative work from 22squared will launch in January 2012 and will ...more »

Unfair Competition
[read all news]
6 die of punishment in schools since June
IBNLive.comSeptember 5, 2011

He said that there are many reasons for the growing cases of abuse. “Due to unfair competition that students are subjected to, many parents enrol them in hostels where the children cannot defend themselves against physical abuse. ...more »

Federal Contracts
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Federal Contracts Awarded to Companies in Michigan (Sept. 2)
Targeted News Service (subscription)September 2, 2011

2 -- The following federal contracts were announced by federal agencies as having been awarded to companies operating in Michigan. WASHINGTON, Sept. 3 -- GHSP Inc., Grand Haven, Mich., won a $480611.60 federal contract from the Defense Logistics ...more »

Venture Capital
[read all news]
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 »

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 »

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