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

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Letter: Strict gun laws make citizens safer
Knoxville News SentinelFebruary 1, 2012

If the writer is interested in facts, then he would have to admit that New York City's strict gun laws have actually kept the city's residents safer than in places with laxer regulations. New York and neighboring New Jersey have among the lowest rates ...more »

The net closes on cyber-snoopers
The IndependentFebruary 1, 2012

Many internet users find these digital devices, which are used by websites to create personal profiles based on use of the Internet, intrusive. The data is used for Online Behavioural Advertising, allowing companies to direct their display adverts at ...more »

Business Law News and Stories

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Eldridge: Democracy isn't for sale
MetroWest Daily NewsFebruary 1, 2012

The decision struck down bipartisan legislation that had limited corporations from spending their general treasury funds on political advertisements. Now, for-profit corporations may spend unlimited amounts of their general treasury funds to influence ...more »

Foreign Investments
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APNewsBreak: SLED probes pension influence report
Daily CometFebruary 2, 2012

By JIM DAVENPORT AP COLUMBIA, SC - The head of South Carolina's State Law Enforcement Division has confirmed to The Associated Press his agency is investigating a report that investment companies were told they could improve their chances of handling ...more »

Antitrust Law, Domestic
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Indiana University law, business students providing free tax assistance to low ...
The RepublicFebruary 1, 2012

AP BLOOMINGTON, Ind. — Indiana University law and business school students are providing free tax assistance to low-income, elderly and disabled residents. The students are participating in the Internal Revenue Service's Volunteer Income Tax ...more »

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ZNCC to hold a “Franchising Unpacked” seminar
The ZimbabweanFebruary 2, 2012

The Zimbabwe National Chamber of Commerce will hold a “Franchising Unpacked” event at the Crowne Plaza on Tomorrow starting at 9.00am. The will be facilitated by a Franchise Expert from South Africa and will also feature a banker and insurer to explain ...more »

Gaming Law
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Senate Committee Hearing Focuses on What Wire Act Opinion Means for Indian Tribes
PokerNews.comFebruary 10, 2012

Witnesses for the hearing were broken into three groups (written testimony linked): representing the Indian tribes, Robert Odawi Porter, president of the Seneca Nation of Indians; scholars Kevin Washburn, dean of the School of Law Administration at the ...more »

Banking Law
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Consumer Bureau Faces Critics Over Rules
Wall Street JournalFebruary 1, 2012

By MAYA JACKSON RANDALL WASHINGTON—The top Republican on the Senate Banking Committee Tuesday pressed the Consumer Financial Protection Bureau to gather more input from the financial industry before writing new rules. Sen. Richard Shelby (R., Ala.) ...more »

Government Construction Contracts
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County expects legal battle with courthouse builder
phillyBurbs.comFebruary 1, 2012

But on Wednesday, the commissioners voted to postpone action on a contract dispute with the Philadelphia-based construction management firm over the cost to install terracotta walls. The two sides are arguing over a $174000 disparity in the estimated ...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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Bacterin Retains Hayden IR to Develop Strategic Investor Relations Program
PR Newswire (press release)February 1, 2012

Accordingly, we believe it is an ideal time to retain a national investor relations firm to help us target an expanding investor audience and ensure we are communicating effectively with current and potential shareholders. We look forward to working ...more »

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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 »

China-based hackers target law firms for secret deal data
The News JournalFebruary 1, 2012

The investigation linked the intrusions to a Chinese effort to scuttle the takeover of Potash Corp. of Saskatchewan Inc. by BHP Billiton Ltd. as part of the global competition for natural resources, Tobok said. Such stolen data can be worth tens of ...more »

Commercial Bankruptcy
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British airways key to US merger mania
The IndependentFebruary 2, 2012

In a decade at the paper, he has covered personal finance, the UK stock market and the pharmaceuticals industry, and been the Business section's share tipster. And since arriving with three suitcases in Manhattan in January 2006, he has witnessed and ...more »

Internal Investigative Services
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Neil Eggleston Jumps from Debevoise to Kirkland
Corporate Crime ReporterFebruary 1, 2012

Famed white collar criminal defense attorney W. Neil Eggleston has jumped from Debevoise to Kirkland & Ellis. “Neil Eggleston has an impeccable reputation in the white collar bar as an exceptionally talented lawyer, with a depth of experience that is ...more »

Commercial Leasing
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A fixed deal for fixed share partners
The LawyerFebruary 1, 2012

Today's decision is great news for law firms, particularly given the march of alternative business structures. Law firms will be run more like corporate entities when accepting outside capital and non-lawyers play a key role in law firm management ...more »

International Transactions
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European Commission Prohibits Merger Between Deutsche Börse And NYSE Euronext
RFPConnect.comFebruary 1, 2012

As one of the world's leading exchange groups with an integrated business model that sets us apart from many competitors, we are outstandingly positioned – including in the international arena – and are well received on the capital market.more »

Communications & Media
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US lawmakers take next step on new Iran sanctions
Kipp ReportFebruary 1, 2012

“Iran's continuing defiance of its international legal obligations and refusal to come clean on its nuclear program underscore the need to further isolate Iran and its leaders,” said Tim Johnson, the Democratic chairman of the committee.more »

For trademark licensors, quality-control provisions can prove risky
The National Law JournalFebruary 1, 2012

On the other hand, quality-control provisions that are too onerous or detailed present the risk that the trademark licensor will suffer a tort/products liability exposure for defective goods or services offered by their licensee.more »

Construction & Development
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Austin Car Accident Lawyer Says Texas Needs To Crack Down On Drunk Driving And ...
PR Web (press release)February 1, 2012

Texas personal injury attorney Bob Richardson of The Bob Richardson Law Firm points to recently released statistics showing that the state's drunk-driving fatalities have increased while the country's overall figures have gone down.more »

Locating Funds
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Lieberman, Cantor defend Capitol Hill's inside traders
SalonFebruary 2, 2012

A spokesperson for the Chamber said that the group has not taken a position on the STOCK Act. The Managed Funds Association lists influential investment firms and banks, such as Goldman Sachs, Bank of America, Citigroup, JP Morgan Chase, ...more »

Contracts Involving State & Minicipality
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Netflix says Congress can help bring Facebook app to US
Chicago TribuneFebruary 1, 2012

It's also to Netflix business partners and it's also potentially to law enforcement," Rotenberg said of the House bill's broader implications. Lawmakers also took issue with how the House bill would amend the Video Privacy Protection Act. Senator ...more »

Mergers, Acquisitions & Divestitures
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Gentiva® Health Services Reports Fourth Quarter and Full-Year 2011 Results
MarketWatch (press release)February 7, 2012

... legal settlements and merger and acquisition activities, the results of discontinued operations and the impact of any future acquisitions or divestitures, which can fluctuate significantly and may have a significant impact on net income.more »

Corporate Finance & Taxation
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Support for Palestinian Authority Erodes as Prices and Taxes Rise
New York TimesFebruary 1, 2012

The new tax laws are intended to increase the Palestinian Authority's revenues and reduce tax evasion, and are being coupled with austerity measures aimed at reducing expenditure, said Ghassan Khatib, a government spokesman.more »

Mortgages & Foreclosures
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Credit Suisse, JPMorgan, Barclays, Wal-Mart in Court News
BusinessWeekFebruary 3, 2012

“The practices that NTC used were a key contributor to the mortgage crisis by undermining the integrity and accuracy of the mortgage servicing and foreclosure process,” Madigan said yesterday in a statement. Nationwide Title Clearing prepares documents ...more »

Creditor's Rights
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Thompson & Knight Names Emily Parker as Managing Partner
PR Newswire (press release)February 1, 2012

From 2002 to 2004, Parker was Deputy Chief Counsel and later Acting Chief Counsel of the Internal Revenue Service, where she was ultimately responsible for all legal matters within the IRS and leadership of the agency's more than 1500 attorneys.more »

Non-Profit Corporations
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Vanishing Act: Activist Groups Say Donations Disappeared with Fiscal Sponsor
The Nonprofit Quarterly (blog)February 3, 2012

NPQ is the Harvard Business Review for the nonprofit sector. Subscribe today to receive our print magazine, highly anticipated by nonprofit professionals across the sector. I agree with Susan McMahon. Planned Parenthood deals in death and not in life.more »

Customs Disputes
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Mitt Romney to get Secret Service protection
Washington Post (blog)February 1, 2012

(Linda Davidson - THE WASHINGTON POST) begin receiving US Secret Service protection beginning Wednesday evening, according to a senior campaign official and a senior law enforcement official familiar with the plans. The protection is not a reaction to ...more »

Professional Corporations
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Marley Coffee Takes Flight with Golden Krust at Newark Liberty International ...
MarketWatch (press release)February 3, 2012

Golden Krust, in Terminal A between Gates A20-28 and A30-39 prior to security, is among the busiest Golden Krust franchise locations. Marley Coffee is now being served to Golden Krust customers from branded brewers and dispensers in a bright and sunny ...more »

Debt Collection
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Hospices Dump Patients While Escaping Multimillion-Dollar Taxpayer Refunds
BloombergFebruary 3, 2012

CMS has suspended such collections, pending changes to the formula for setting the caps that are expected this spring. At least seven hospices that owed more than $35 million in repayments have sought bankruptcy protection since 2008.more »

Public Offerings
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Attorney General investigating Central School District
Belleville News DemocratFebruary 2, 2012

Central refused the request claiming the information is exempt from the public because it falls under attorney-client privilege. The Progress has asked the Attorney General's Office to review the case in an effort to report to taxpayers how their tax ...more »

Debt Settlement
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Casino rules govern chip color, size, much more
Canton RepositoryFebruary 2, 2012

Rules adopted by the commission must go before a legislative committee with veto power. The rules span the array of casino gambling, licensing and oversight, some in exhaustive detail. For example, the rules will make it hard for gamblers to confuse a ...more »

Reorganizations & Restructuring
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Global Aviation Holdings Inc. Commences Restructuring To Achieve Industry ...
Sacramento BeeFebruary 5, 2012

During the restructuring, the Company and its subsidiaries will continue to operate as normal, without interruption. The Company's Board of Directors determined that a Chapter 11 reorganization provides the most effective and efficient means to ...more »

Directors' & Officers' Liability
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4-traders (press release)February 1, 2012

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever ...more »

State & Minicipal Bonds
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How to Hire Independent Contractors (Without Getting in Trouble)
New York TimesFebruary 1, 2012

What I'm doing is trying to keep a smaller in-house contingent and supplement it with contractors based on the ebbs and flows of how much business we have.” For both legal and practical reasons, Scale Computing does not use contractors in areas like ...more »

False Advertising
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UK agency tells TripAdvisor not to claim all reviews are by independent ...
Washington PostFebruary 1, 2012

The Advertising Standards Authority said the claims on, including “reviews you can trust” and “more than 50 million honest travel reviews and opinions from real travelers”, were misleading. The agency said it was possible that some ...more »

Trade Associations
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Poland halts ratification of international Internet copyright law under mass ...
Washington PostFebruary 3, 2012

The government signed the Anti-Counterfeiting Trade Agreement, or ACTA, late last month but it must still be approved. Tusk says Parliament may not do so if it conflicts with Polish law. The US, Japan and others say the treaty is needed to fight trade...more »

Federal Contracts
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Reps threaten to revoke Lagos-Ibadan Expressway contract
VanguardFebruary 1, 2012

By Favour Nnabugwu House of Representatives has threatened to revoke the concession contract between Federal Government and Bi-Courtney, following the slow pace of work on the reconstruction of Lagos-Ibadan expressway. Chief Ogbuefi Ozomgbachi, member ...more »

Unfair Competition
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Business Briefs
The Doings Oak BrookFebruary 7, 2012

Also, for the 8th consecutive year, Kroll was selected as an Illinois Super Lawyer in the practice area of Plaintiff's Personal Injury Litigation. James R. Sobieraj, a Hinsdale resident and a shareholder at intellectual property law firm Brinks Hofer ...more »

Federal Grants
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Supreme Court to rule on 2G scam case Thursday
Moneycontrol.comFebruary 1, 2012

REUTERS - The Supreme Court will give its verdict on Thursday whether 2G spectrum licences granted to several companies in 2008 should be revoked, in the latest judgement in one of the country's biggest-ever corruption scandals.more »

Venture Capital
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Big VC Biotech Spending on the Rise for 2012
MarketWatch (press release)February 8, 2012

/quotes/zigman/4510149 RBCC -18.92% , continues to vet investment banks to assist with its capital raise, investors remain optimistic on the returns that new biotech firms can bring. A recent report indicates that venture capital investments in biotech ...more »


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