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

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Grand America audit turns up undocumented workers
Salt Lake TribuneSeptember 1, 2011

“Such businesses gain a competitive edge by paying illegal alien workers low wages or otherwise exploiting them. These inspections are one of the most powerful tools the federal government has to ensure that businesses are complying with US employment ...more »

Harrisburg City Council Rejects Fiscal Plan to Rescue Pennsylvania Capital
BloombergSeptember 1, 2011

The capital is barred from declaring bankruptcy before July, according to a Pennsylvania law that also calls for the city to lose state funds if it does. Councilman Kelvin Summerford, who supported the mayor's plan, said its defeat further clouds the ...more »

Business Law News and Stories

Advertising
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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 »

Foreign Investments
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Japan Government-Backed Fund Eyes Foreign Investors
Wall Street JournalSeptember 1, 2011

And some of that money might go to companies outside Japan, with the INCJ teaming up with foreign investors, including sovereign-wealth funds. "All industries have responded to globalization, so we can't limit our investments to domestic companies only ...more »

Antitrust Law, Domestic
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STERLING MERCHANDISING, INC. v. NESTLÉ, S.A.
Leagle.comSeptember 2, 2011

The suit alleges various federal Clayton Act, 15 USC §§ 12-27, and Sherman Act, 15 USC §§ 1-7, antitrust violations and pendent Puerto Rico law claims stemming from Nestlé PR's 2003 merger with Payco and later activities. Payco had been both Sterling's ...more »

Franchising
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Welch: Country Barn's updates ongoing after fire; ex-teacher to open toddlers ...
Amarillo.comSeptember 4, 2011

The franchise opportunity comes from 1-800 Home Services Group Ltd., which sells franchises in a number of residential and commercial contractor service fields. Regional vendors can obtain information about how to do business with state and federal ...more »

Gaming Law
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Point Molate Indian Gaming Application Denied
Berkeley Daily PlanetSeptember 2, 2011

“Our responsibility under the Indian Gaming Regulatory Act is clear: we must review each application on a case by case basis and determine whether it meets the standards outlined in law and regulation,” said Echo Hawk. “Following a careful and thorough ...more »

Banking Law
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Goldman, two firms agree to end robo-signing: report
ReutersSeptember 1, 2011

(Reuters) - Goldman Sachs and two other firms have agreed with the New York banking regulator to end the practice known as robo-signing, in which bank employees signed foreclosure documents without reviewing case files as required by law, ...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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GraphOn Corp. Announces Completion of $7.1 Million Equity Financing
MarketWatch (press release)September 2, 2011

In connection with the offering, GraphOn entered into a registration rights agreement with investors that requires the company to register the securities issued in the financing. Founded in 1996, GraphOn Corporation is a publicly traded company...more »

Institutional Investing
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Tetragon Financial Group Limited (TFG) Announces Update on its Share ...
MarketWatch (press release)September 23, 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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Peter S. Reinhart Joins Giordano, Halleran & Ciesla as Of Counsel
PR Web (press release)September 1, 2011

Mr. Reinhart currently teaches courses in real estate law, real estate development, lease negotiations, redevelopment, and business law at Monmouth University. A graduate of Franklin and Marshall College and an honors graduate of Rutgers Law School in ...more »

Squatters are 'not criminals' says judge
The Economic VoiceSeptember 6, 2011

The Judge though said that squatting was not law breaking and that the public interest was served by 'putting empty properties back into use'. The council must now comply with a freedom of information request from Yiannis Voyias of the Advisory Service ...more »

Commercial Bankruptcy
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Officials appoint 7 to serve on new board
Youngstown VindicatorSeptember 1, 2011

Floyd, of Warren, has worked as an attorney for 39 years, specializing in banking, finance and real estate, commercial litigation and bankruptcy. He has also assisted Youngstown in its negotiations with the management companies at the Covelli Centre ...more »

Internal Investigative Services
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CIA Probing Ties To NYPD's 'Mosque Crawlers' Investigations
TPMMuckrakerSeptember 13, 2011

The CIA has launched an internal investigation into whether the agency broke any laws by closely cooperating with the NYPD's antiterrorism operations in Muslim communities after September 11. David Petraeus, the new director of the CIA, ...more »

Commercial Leasing
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Wanger to bolster Fresno firm's enviro practice
Fresno Business JournalSeptember 1, 2011

Established in Fresno in 1994, Jones Helsley PC has nine attorneys serving notable clients in the areas of employment and commercial litigation, environmental, real estate and land use law, white collar crime and others.more »

International Transactions
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After the Financial Crisis, These 4 Stocks Now Look Better Than Ever
StreetAuthoritySeptember 21, 2011

Last quarter's 22% increase in revenue was sparked by a 17% increase in transactions, and international expansion. MasterCard is hardly alone in its amazing success, though. Competitor Visa Inc. (NYSE: V) is also having no problem reaching record ...more »

Communications & Media
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O'Shell: Publish all court cases unless there's a written order from judge
Yorkdispatch.comSeptember 2, 2011

He was able to find another nine people, but out of that 59, about half had heard about the case, he said. "Had there been a big Sunday news article, we think that number would have been a lot greater," he said. Melissa Melewsky, media law counsel for ...more »

House members want FCC to license more low power FM stations
The Hill (blog)September 8, 2011

The Local Community Radio Act was designed to ease those restrictions and increase the number of local stations available, particularly in urban areas. The FCC voted at its July meeting to move forward in hopes of licensing new stations next summer. ...more »

Construction & Development
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Noblesville roundabout project could pay dividends
Indianapolis StarSeptember 3, 2011

Construction continues at Ind. 32 and Promise Road, but once it's complete in October, economic development could follow, Noblesville officials say. / Matt Detrich / The Star A new roundabout in Noblesville -- one of the first in Indiana to be built ...more »

Locating Funds
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Ionia Law Enforcement Torch Fun Run and Fire Truck Pull
Sentinel-StandardSeptember 3, 2011

The first Ionia 5K Law Enforcement Torch Fun Run, Walk and Fire Truck Pull will be held at the Ionia Free Fair grounds Sept. 17. Deadline to register for the events is Sept. 10. The event is based on the statewide Law Enforcement Torch Run. ...more »

Contracts Involving State & Minicipality
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Audit Finds Wisconsin Not Following Contract Disclosure Law
WatchdogSeptember 1, 2011

[Madison, Wisconsin] The state of Wisconsin is not following state law regarding contract transparency according to a new audit released today. “Although some had expected the Contract Sunshine Web site to serve as an “open checkbook” showing how state ...more »

Mergers, Acquisitions & Divestitures
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Equable Ascent Financial Hires New Chief Investment Officer
MarketWatch (press release)September 7, 2011

Trish brings with her a strong background in business development, corporate finance, mergers and acquisitions, divestitures, SEC reporting and compliance, corporate governance and human resources responsibility. She is a Certified Public Accountant in ...more »

Corporate Finance & Taxation
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Guest Post: Tax Reform
ForbesSeptember 2, 2011

Years ago, I found myself sitting in law school in Moot Court wearing an oversized itchy blue suit. It was a horrible experience. In a desperate attempt to avoid anything like that in the future I enrolled in a tax course. I loved it. ...more »

Non-Profit Corporations
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Rapid Fire Marketing: Medical Cannabis Management's First Non-Profit Client in ...
MarketWatch (press release)September 15, 2011

The non-profit organization is strictly following the guidelines set by the State of California to provide medical cannabis to the collective associated with the non-profit. The Company is in negotiations with additional non-profits and is near an ...more »

Creditor's Rights
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Raising your credit score: A low credit score is a red flag to lenders and ...
Pacific Daily NewsSeptember 4, 2011

Here are the details about your rights under the FCRA and the Fair and Accurate Credit Transactions Act, which established the free annual credit report program. Q: How do I order my free report? A: The three nationwide consumer reporting companies ...more »

Professional Corporations
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Quote of the Day: Making It Rain Makes No Common Cents
Above the LawSeptember 2, 2011

Description: Lateral Link's client is seeking to hire a corporate associate with 1-4 years of venture capital, private equity, or fund formation experience at a premier law firm. This is a great opportunity to get hands-on experience in a vibrant and ...more »

Customs Disputes
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Safety and security in the supply chain
Malta Business WeeklySeptember 1, 2011

AEO certification is one of the elements of the security amendment of the Community Customs Code Regulation (EC) 648/2005. Article 5a of the security amendments empowers member states to grant AEO status to any economic operator meeting a set of common ...more »

Public Offerings
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Alleged Savannah teenage pizza bandit heads to Superior Court
Savannah Morning NewsSeptember 2, 2011

Assistant Public Defense Attorney Jennifer Burns waived the charges to trial court, meaning the case will now go to the Chatham County grand jury for indictment at a later date. Pridgen, who is on probation for simple battery, was arrested after he ...more »

Debt Collection
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Could Central Falls' bankruptcy petition be rejected à la Boise?
WPRI-TV 12 (blog)September 3, 2011

The city is arguing that its personnel and pension costs are the problem, not its bonds – in fact, Rhode Island's new state law explicitly protects bondholders from taking a haircut as part of the bankruptcy process, which no other state has tried to ...more »

Reorganizations & Restructuring
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Duane Morris Philadelphia Office Adds Trial Partners Jonathan M. Petrakis and ...
PR Newswire (press release)September 21, 2011

Federer represents secured and unsecured creditors in a variety of bankruptcy and collection matters. She graduated in 2005 from Notre Dame Law School. Federer earned her BA in 2002 from the University of Scranton, magna cum laude. ...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 http://www.CenturyNI.com.more »

State & Minicipal Bonds
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New fraud scams for lawyers popping up constantly
Lawyers WeeklySeptember 12, 2011

The partner at business law firm Miller Thomson LLP has received the emails from would-be “clients' overseas that need to collect an unpaid debt or spousal support payment and hope the lawyer can help them to collect, for a nice fee. ...more »

Directors' & Officers' Liability
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Study on CEO Pay Disputed By Some Companies Identified in Report
BloombergSeptember 2, 2011

New York-based Verizon acknowledged the negative tax liability. The company, in a statement, said in 2010 “we also incurred $2.9 billion in federal tax liabilities. These are taxes that must be paid, but at a later date. ...more »

Trade Associations
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Lehman, Venue, Innkeepers, Thornburg, Sbarro: Bankruptcy
BusinessWeekSeptember 12, 2011

King was the country's leading authority on bankruptcy law and a principal author of the Collier bankruptcy treatise. The present system wasn't without supporters. David A. Skeel of the University of Pennsylvania Law School testified that “removing the ...more »

False Advertising
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Google Homepage Features "Daily Deal"
Mediapost.comSeptember 1, 2011

It was "a rare instance of the Internet giant using its prized online real estate for advertising," Reuters writes. Dubbed Google Offers, the search giant debuted its Groupon rival in select cities earlier this year. What does the premier plug mean? ...more »

Unfair Competition
[read all news]
Google emerges victorious in antitrust case
MediaMughalsSeptember 2, 2011

The allegations were made by myTriggers.com who also accused Google of making unfair agreements with other sites to exert control over search advertising. The Federal Trade Commission is currently investigating a similar case against Google. ...more »

Federal Contracts
[read all news]
Ethics panel launches investigation of former prison administrator
Statesman JournalSeptember 1, 2011

The Oregon Government Ethics Commission is moving forward with a full investigation into whether a former state prison administrator violated the law by going to work for a company he helped choose for a multi-million-dollar state contract. ...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 »

Federal Grants
[read all news]
Don't get sandbagged by flood of repair scams
Albany Times UnionSeptember 1, 2011

"Free" government grant offers with strings attached, such as up-front application fees. Contact your local or state economic development, social services or other well-established agencies to discuss legitimate grants that may be available. ...more »

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