Business Law News. Crime Stories, Law on News and Legal Publications in February, 2012

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Judge says Occupy DC demonstrators must get notice before any eviction; feds ...
Washington PostFebruary 1, 2012

Mayor Vincent Gray and DC health officials have expressed concern about a rat infestation at McPherson Square and other sanitation problems, with the mayor suggesting that the demonstrators relocate to Freedom Plaza, another federal space that's been ...more »

Man charged with homicide in death of baby sitter
Bloomington PantagraphFebruary 1, 2012

Prosecutors charged a Utah man Tuesday with child abuse homicide in the overdose death of his teenage baby sitter whose body was found in a shallow grave more than a month after she was reported missing. Suspect Eric Millerberg also faces charges of ...more »

Business Law News and Stories

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The 21 Rules of Surviving a Super Bowl Party
Wall Street JournalFebruary 3, 2012

Whether you're a guest or a host, here are some rules to make it a success: You have to decide right away if this is going to be a "shushing" or "nonshushing" Super Bowl Party. 1. The two teams in this year's Super Bowl are the New England Patriots and ...more »

Foreign Investments
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IP: is MegaUpload the most important case you've never heard of?
ChiefOfficers.NetFebruary 1, 2012

If for nothing else, the Megaupload case is important for establishing the use of public officials to protect private, commercial, rights. The film, music and software industries are so vital to the USA's otherwise flagging economy that it has used ...more »

Antitrust Law, Domestic
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Kohl blasts Express Scripts purchase of Medco
The Deal PipelineFebruary 2, 2012

Kohl was careful not to conclude that the deal would break antitrust laws, but it's clear that he believes it will be bad for a lot of people. "Without reaching any final judgment as to the legality of this proposed merger under the antitrust laws, ...more »

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Dickey's Barbecue Pit Coming Soon to Sanford
MarketWatch (press release)February 4, 2012

They have signed a franchise agreement with Dickey's Barbecue Pit for Sanford. "Dickey's is going to be a great addition to the community of Sanford," said local franchise owner Gloria Perez. "Sanford is a small bedroom community and I know we are ...more »

Gaming Law
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Ohio casino rules govern chip color, size, more
CBS NewsFebruary 3, 2012

The rules make it clear who's not welcome in the casino employee ranks. The commission must consider factors including connections to mobsters and "other persons of disreputable character," those with a bankruptcy in the last 10 years and those with ...more »

Banking Law
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Ex-Credit Suisse traders charged in subprime case
Reuters UKFebruary 1, 2012

By Grant McCool | NEW YORK (Reuters) - Several former Credit Suisse traders manipulated the books on mortgage-backed securities when the US real estate market slumped in 2007 and 2008, two of the former traders at the investment bank said in court on ...more »

Government Construction Contracts
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Sterling Construction Company, Inc. Announces an Expected After-Tax Loss for ...
MarketWatch (press release)February 2, 2012

Under the percentage-of-completion method of accounting, we evaluate estimated revenues and costs for our construction contracts in each reporting period based on available information and experience. Actual amounts can differ materially from those ...more »

Business Formation
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Navistar Faces EPA Fines of Up To $2000 Per Heavy-Duty Engine
BusinessWeekFebruary 1, 2012

The Environmental Protection Agency issued an emergency rule yesterday on fines for truck-engine makers that don't meet federal nitrogen oxides standards, without naming the company. Transport Topics reported that the regulation applied to Navistar.more »

Institutional Investing
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Private equity investor takes £200m stake in Parabis
Law GazetteFebruary 6, 2012

The investor has been expected to move into the legal market since 2007 when the Legal Services Act was passed. It expects revenues of around £160m in the first full financial year from a group that has grown revenues by 25% in the past four years.more »

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Kan. plan: Allow illegal immigrants to stay, work
Fox NewsFebruary 1, 2012

The Kansas proposal also is notable because it complicates the debate over immigration issues in the home state of Kris Kobach, a former law professor who helped draft tough laws against illegal immigration in Alabama and Arizona.more »

Inßuence Game: Big donors and what they want
Daily HeraldFebruary 4, 2012

Some are pressing for new laws or regulations that would benefit their interests in energy, mining and high finance. The Associated Press reviewed financial reports, regulatory filings, court records, public statements and more to identify favors that ...more »

Commercial Bankruptcy
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Lawmakers refute immigration law cost
News CourierFebruary 1, 2012

The cost-benefit analysis, written by Dr. Samuel Addy of the University of Alabama's Culverhouse College of Commerce and Business Administration, found the law could mean Gross Domestic Product losses of $2.3 billion to $10.8 billion, income and sales ...more »

Internal Investigative Services
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Seward & Kissel Nabs Pair Of Prominent Ex-Prosecutors
Law360 (subscription)February 1, 2012

By Ian Thoms Law360, New York (February 01, 2012, 1:21 PM ET) -- Hedge fund law firm Seward & Kissel LLP has hired two former federal prosecutors to lead its new government enforcement and internal investigations group in New York, the firm said ...more »

Commercial Leasing
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Branham Law Group Announces New Dallas Office
Sacramento BeeFebruary 1, 2012

Dallas-based Branham Law Group represents corporate clients in a variety of commercial litigation matters, as well as helping individuals in catastrophic personal injury claims. Led by noted courtroom lawyer Trey Branham, the firm provides extensive ...more »

International Transactions
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Japan's Dilemma Over Iran Sanctions
The AtlanticFebruary 1, 2012

Prime Minister Yoshihiko Noda's government has indicated its desire to cooperate, and last December the Ministry of Foreign Affairs announced new restrictions on the operations of 106 entities as well as one individual with potential links to ...more »

Communications & Media
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Think TeleVisual Network, a Dramatic Reinvention of Television News, to be ...
MarketWatch (press release)February 1, 2012

He also created the first interactive music service, "1-800-MUSICNOW," acquired by MCI Telecommunications in 1995. Before forming SJS, Steve served as Director of Special Programming for NBC; previously, he served as Director of Marketing for Group W ...more »

Barber dream comes closer, but still not yet
Morning SentinelFebruary 5, 2012

"They got a bill introduced that changed the barbering law so people like myself could get a license. I was overwhelmed by such a quick response." It was signed into law the end of June. The bill, LD 1560, allows licensed cosmetology schools such as ...more »

Construction & Development
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Skanska wins construction contract in Indiana for USD 120 M, about SEK 820 M
Business Wire (press release)February 1, 2012

Skanska USA is one of the leading development and construction companies in the country, consisting of four business units: Skanska USA Building, which specializes in building construction; Skanska USA Civil, specialized in civil infrastructure; ...more »

Locating Funds
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Egypt's "war on democracy" threatens US-ties
ReutersFebruary 1, 2012

But for the authorities, it is a matter of law; the non-governmental organizations broke it by receiving foreign funding without government approval. For Hughes, the first casualty has been NDI's work with Egypt's budding new political class.more »

Contracts Involving State & Minicipality
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Southaven investigation halts city business
WMC-TVFebruary 1, 2012

SOUTHAVEN, MS- (WMC-TV) – After saying he would not step down, Southaven Mayor Gregg Davis was at work Tuesday while the investigation into his spending has put all city business on hold. When state and federal law enforcement agencies honed in on ...more »

Mergers, Acquisitions & Divestitures
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Law Firms Announce Investigation into Pep Boys Acquisition (AMN)February 1, 2012

By Amy Antenora PHILADELPHIA – At least three law firms – Brower Piven, Tripp Levy PLLC and the law offices of James C. Kelly – have announced investigations into the acquisition of Pep Boys by the Gores Group, announced earlier this week.more »

Corporate Finance & Taxation
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Shared Sacrifice, Shared Reward
Patheos (blog)February 2, 2012

A long-term, highly-organized, massively-funded political effort to cut progressive taxation on the wealthy and eliminate regulation on the financial industry has compounded the assets of the very richest of the rich. “Why has Washington made the rich ...more »

Mortgages & Foreclosures
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State of the State | Vital signs improve
Columbus DispatchFebruary 6, 2012

It's unusual for a public body to be found in violation of Ohio's open-meetings laws. It's not that violations are unheard of, but more the fact that few are willing to foot the legal bill to go to court to challenge secretive meetings.more »

Creditor's Rights
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Europe's Bank Faces Pressures
Wall Street JournalFebruary 1, 2012

BY BRIAN BLACKSTONE FRANKFURT—The European Central Bank, Greece's biggest creditor, is finding it hard to stay on the sidelines as Greece negotiates a debt-restructuring deal with its private-sector bondholders. The ECB isn't part of the talks, ...more »

Non-Profit Corporations
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What is a 501(c)(3) Exempt Purpose?
ReutersFebruary 1, 2012

Many non-profits will fall under the 501(c)(3) tax-exempt organization umbrella. But to get there you will need a proper purpose. It's mandated under the IRS code. There are specific "purposes" outlined in section 501(c)(3).more »

Customs Disputes
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Law limits 'wind-up' profits
Financial TimesFebruary 3, 2012

By Jonathan Moules Thousands of business owners are to lose the ability to extract profits from winding-up companies without paying income tax on distributions, following a change to the law. The Enactment of Extra-Statutory Concessions Order 2012, ...more »

Professional Corporations
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Corporate lawlessness
Stabroek NewsFebruary 5, 2012

Alas, in a number of cases, companies simply ignore the law, failing for several years to file what the Companies Act refers to as the Annual Return. Section 153 of the Act says that every company, at least once in every year, must file such a return ...more »

Debt Collection
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Legal Industry Struggled in Fourth Quarter of 2011
JDJournal.comFebruary 1, 2012

Those scary signs included a sagging demand for the industry, rising expenses as law firms increased their staffing, and weak collections. “The market fell sharply out of balance between demand and capacity in the fourth quarter, as demand turned ...more »

Public Offerings
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Political Firestorm in Mexico over 1.9M in Cash Found in Suitcase
Fox NewsFebruary 1, 2012

28, 2012 image released by Mexico's Attorney General's Office (PGR) on Jan. 31, 2012, an official counts money that was seized at the Mexico state airport in Toluca, Mexico. Industry groups, political parties and analysts in Mexico are questioning the ...more »

Debt Settlement
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550 seeking restitution from Milwaukee Archdiocese
CBS NewsFebruary 2, 2012

The Milwaukee Archdiocese filed for bankruptcy protection last year, saying pending sex-abuse lawsuits could leave it with debts it couldn't afford. The archdiocese has paid more than $30 million in settlements and other court costs related to ...more »

Reorganizations & Restructuring
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The Estee Lauder Companies Reports Strong Second-Quarter Results
MarketWatch (press release)February 3, 2012

The fiscal 2012 second quarter results included returns and charges associated with restructuring activities of $6.1 million ($4.4 million after tax), equal to $.01 per diluted common share. The fiscal 2011 second quarter results included returns and ...more »

Directors' & Officers' Liability
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Tips for Planning a Super Bowl Party: Serve Alcohol Responsibly; Review Your ...
MarketWatch (press release)February 1, 2012

Hosting your party at a restaurant or bar with a liquor license, rather than at your home, will help minimize liquor liability risks. Hire a professional bartender. Most bartenders are trained to recognize signs of intoxication and are better able to ...more »

State & Minicipal Bonds
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Study: Immigration Law Costing Alabama Billions
WHNTFebruary 2, 2012

Is Alabama's new immigration law costing the state billions of dollars? One new study claims the answer is yes, but lawmakers say the math has political motives. The University of Alabama's Center For Business and Economic Research commissioned the ...more »

False Advertising
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Sarah Palin: Mitt Romney's Negative Advertising 'Hurts The Electorate'
MediaiteFebruary 1, 2012

Fox News anchor Megyn Kelly asked Palin about whether Romney's ads led to Gingrich's downfall in the state. “I think again with $17 million purchasing ads in some respects in false narratives, it was very difficult for the other candidates to counter ...more »

Trade Associations
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EU publishes 10 Myths about ACTA
Infosecurity Magazine (US)February 3, 2012

In a surprising move, the European Data Protection Supervisor (EDPS) has criticised the the Anti-Counterfeiting Trade Agreement (ACTA), saying that the agreement may be unworkable under current European Union data protection laws.more »

Federal Contracts
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U.S. Law Enforcement in Izhmash Deal
The Moscow TimesFebruary 1, 2012

Weapons maker Izhmash has signed a contract to supply its latest shotgun to US law enforcement agencies. The manufacturer closed the deal earlier this month during a trade show in Las Vegas, Nevada, and announced it Monday on its website.more »

Unfair Competition
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Explained: Apple's not-so-secret favorite patent argument
CNETFebruary 3, 2012

said Mark Kesslen, a partner at Lowenstein Sandler, who heads up the law firm's intellectual-property practice. Though all of this cooperation between different companies might smack of a monopoly, the frand principle is deeply rooted in preventing the ...more »

Federal Grants
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Rajat Gupta, JC Flowers, Muni Bonds, Full Tilt Poker: Compliance
BloombergFebruary 1, 2012

The government also said yesterday that the insider-trading conspiracy continued beyond when Gutpa's lawyer has said his client's friendship with Rajaratnam deteriorated. Gupta still faces the same charges, five counts of securities fraud and one count ...more »

Venture Capital
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BASF Venture Capital Invests $5 Million in US-Based Solidia Technologies
Sacramento BeeFebruary 1, 2012

1, 2012 -- /PRNewswire/ -- BASF Venture Capital GmbH is investing $5 million in Solidia Technologies, Inc. as part of a $27 million financing round. The current round of financing also included Kleiner Perkins Caufield and Byers, BP Ventures and Bright ...more »


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