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

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'Misleadingly exaggerated': Rachel Weisz advert banned after L'Oreal admits to ...
Daily MailFebruary 1, 2012

The British actress is not the first renowned beauty to have her image digitally enhanced to give a false impression of the benefits of using popular beauty products. An advertisement for an Olay anti-aging product featuring Twiggy was banned in 2009.more »

DADT is Over But Military Still Excludes Same-Sex Partner Benefits
SheWiredFebruary 1, 2012

Defense Secretary Leon Panetta is being urged to start expanding all benefits and recognition to the families, partners, and spouses of gay members of the military. Aubrey Sarvis of the Servicemembers Legal Defense Network wrote an open letter to ...more »

Business Law News and Stories

Advertising
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Official rules and regulations for Oh, Say Can You Sing? contest
OCRegisterFebruary 1, 2012

LIMITATION OF LIABILITY; NO WARRANTIES AND RELEASE. By entering into this Contest, you accept and agree that (a) Contest Entities and their respective affiliates, officers, directors, employees and agents do not have and will not have any liability...more »

Federal Grants
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18 Not-for-Profit Organizations to Receive Free Media Monitoring Service from ...
MarketWatch (press release)February 1, 2012

STRATFORD, Conn., Feb 01, 2012 (BUSINESS WIRE) -- CyberAlert, Inc., the worldwide online news monitoring, press clipping, broadcast monitoring and social media monitoring service, today announced the award of 18 public relations (PR) grants for 2012 to ...more »

Antitrust Law, Domestic
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Law Offices of Howard G. Smith Announces Class Action Lawsuit Against K12, Inc.
MarketWatch (press release)February 1, 2012

BENSALEM, Pa., Jan 31, 2012 (BUSINESS WIRE) -- Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of purchasers of the common stock of K12 Inc. ("K12" or the "Company") /quotes/zigman/477398/quotes/nls/lrn LRN ...more »

Foreign Investments
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Iraq's Energy Law May Be Delayed for Rest of Year, Ghadhban Says
BusinessWeekFebruary 2, 2012

2 (Bloomberg) -- Iraq's proposed energy law, intended to spur foreign investment in the world's fifth-largest oil producer, will be delayed for the rest of this year due to political divisions, the prime minister's top adviser said.more »

Franchising
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SBIA: Correcting course starts with accountability
San Bernardino SunFebruary 1, 2012

Could it be the owner of the local franchise of Million Air, an upscale refueling facility for private aircraft at San Bernardino International Airport, worried he might not be in business once allegations of fraud were made public?more »

Banking Law
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Trusteer Helps Huntington Bank Protect Customers from Cybercrime
EON: Enhanced Online News (press release)February 1, 2012

“Trusteer Rapport protects our customers from account takeover and financial fraud and makes it extremely difficult for criminals to compromise online banking sessions, yet does not change the user experience for our customers.more »

Gaming Law
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Fine Point Group Files Motion to Enforce Tribal Court Judgment Against ...
PR Newswire (press release)February 1, 2012

1, 2012 /PRNewswire/ -- The Fine Point Group yesterday filed a motion in Pojoaque Tribal Court to enforce the decision of that same court in the face of continued interference by the Pueblo of Pojoaque Gaming Commission, whose conduct was previously ...more »

Business Formation
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World businesses have power to curb corruption – UNODC Boss
Ghana Business NewsFebruary 1, 2012

The Executive Director of the UN Office on Drugs and Crime (UNODC) Mr. Yury Fedotov, has called on world business leaders to intensify their public-private partnerships in order to curb the activities of corruption. Mr. Fedotov, who delivered a keynote ...more »

Government Construction Contracts
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At a press conference about transparency, Speaker Quinn puts on a poker face
Capital New YorkFebruary 1, 2012

By Dana Rubinstein At a press conference to announce two bills that would make city government more transparent, City Council Speaker Christine Quinn obfuscated. To be precise, Quinn declined to take a position on a proposed reform of the state pension ...more »

Business Law
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Alabama Business Law: Spotlight on Mergers
JD Supra (press release)February 4, 2012

With all of the talk about Martin Marietta Materials Inc.'s proposed hostile takeover of Birmingham-based Vulcan Material's Co., we want to give our readers a brief overview of the federal laws regarding mergers and acquisitions. Alabama Business Law: ...more »

Institutional Investing
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BUSINESS INTELLIGENCE FOR EXECUTIVES
JD Supra (press release)February 2, 2012

Issued the very same day that the SEC charged an investment adviser with offering to sell more than $500 billion of fictitious securities via LinkedIn (see SEC Accuses Adviser of Using LinkedIn to Perpetrate Investment Scam by The Law Offices of Debra ...more »

Commercial
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Assets International Opens Oklahoma Office to Expand Mineral Rights Owners ...
MarketWatch (press release)February 1, 2012

Our team of legal professionals, trained genealogical researchers and private investigators has successfully reunited over 1000 individuals and companies with cash assets that were due them but may not realize belongs to them.more »

'Gay' marriage trial videos to remain sealed
WND.comFebruary 2, 2012

“He is either a direct beneficiary of his ruling in the case, or a person with a close-enough personal interest in the case that his impartiality might reasonably have been questioned,” wrote John C. Eastman, the Henry Salvatori Professor of Law...more »

Commercial Bankruptcy
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The Warren Effect
AdvisorOneFebruary 1, 2012

Starting as an advisor to the National Bankruptcy Review Commission in the mid-1990s, Warren became involved in a protracted conflict over revamping federal bankruptcy laws. She opposed a law passed in 2005 that increased hurdles for consumers to get ...more »

Internal Investigative Services
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SIPTU refers HSE account issues to gardaí
RTE.ieFebruary 3, 2012

For over two years, HSE internal auditors have been investigating how around €5 million from the SKILL training fund for lower grades of health staff was used to pay for lavish foreign travel and other expenditure for government, HSE and trade union ...more »

Commercial Leasing
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Bounty hunters need not apply here
Philadelphia InquirerFebruary 1, 2012

So it's hard to see how saddling crime suspects and their families with the cost of a commercial bond will be an improvement. Instead, the city needs to move quickly to update guidelines for who's a flight risk or poses a criminal threat. The Jan.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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Credit Suisse, Standard, BAA, Glaxo, AIG, Apple in Court News
BloombergFebruary 2, 2012

Standard Life Wins $157 Million Insurance Suit Over Lehman Loss Standard Life Plc (SL/) won a 100 million pound ($157 million) case over whether insurers, including ACE European Group Ltd., had to pay for losses on asset-backed securities after the ...more »

Legal experts say order to blight investment climate
mydigitalfc.comFebruary 2, 2012

Asim Abbas, senior partner with Khaitan, a Delhi-based law firm, said the whole spectrum licensing issue had two aspects one which had a policy implication and the other about criminal culpability. “The decision has now made it clear that now the first ...more »

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

“At a time when the nation as a whole is seeing drunk-driving fatalities decrease, Texas is bucking that trend with more and more traffic accident deaths caused by impaired motorists,” said Richardson, the founder of The Bob Richardson Law Firm.more »

Locating Funds
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Madoff Feeder Funds Still Awaiting Distribution Approval
BusinessWeekFebruary 1, 2012

Investors including prominent charities entrusted their funds to Merkin. Institutions that have alleged they lost money in Merkin's investments with Madoff include New York University, Yeshiva University and New York Law School.more »

Contracts Involving State & Minicipality
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Indiana Right-To-Work Bill Poised To Become Law
Huffington PostFebruary 1, 2012

Indiana would be the first state in a decade to enact a right-to-work law prohibiting labor contracts that require workers to pay union representation fees. The Indiana victory is expected to embolden national right-to-work advocates, ...more »

Mortgages & Foreclosures
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NY Attorney General Slaps Fresh Mortgage Lawsuits On BofA, JPMorgan, Wells Fargo
ForbesFebruary 3, 2012

Once the mortgages went sour, these same banks brought foreclosure proceedings en masse based on deceptive and fraudulent court submissions, seeking to take homes away from people with little regard for basic legal requirements or the rule of law,” ...more »

Corporate Finance & Taxation
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Aide to state Sen. Jim Norman accused of not filing tax returns for five years
Tampabay.comFebruary 1, 2012

Jim Norman accused of not filing tax returns for five years By Bill Varian, Times Staff Writer TAMPA -- The chief of staff for state Sen. Jim Norman was indicted Wednesday on charges that he failed to file federal income tax returns for five years.more »

Non-Profit Corporations
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Boston Film Forum: Putting Human Trafficking in the Spotlight
NEWS JUNKIE POSTFebruary 2, 2012

As a crime against basic human rights, human trafficking must be abolished, and BITAHR can be viewed as one of the major instigator of the abolitionist movement. BITAHR is a non-profit organization which ambitious goal is to eliminate commercial sexual ...more »

Creditor's Rights
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N.J. to receive compensation from General Motors for Superfund sites
The Star-Ledger - NJ.comFebruary 1, 2012

General Motors' bankruptcy unit has agreed to pay nearly $24 million to resolve environmental liabilities at Superfund sites in New Jersey, Maryland and Missouri, according to the US Department of Justice. From that settlement, $19.5 million is ...more »

Professional Corporations
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Outdoor Channel Holdings Announces Senior Legal Appointments
MarketWatch (press release)February 1, 2012

During his tenure with Outdoor Channel, Mr. Bolls has been responsible for overseeing and negotiating network contracts, licensing agreements, intellectual property matters, and litigation, as well as the development of a wide range of entertainment...more »

Customs Disputes
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Archdiocese backs bill to ensure more humane policy on deportations
Catholic San FranciscoFebruary 1, 2012

Some 2000 people, many of them Latinos who feel disproportionately targeted by what is known as the “Secure Communities” program of US Immigration and Customs Enforcement, attended an interfaith rally at St. Mary's Cathedral Jan. 28 to ask Gov.more »

Public Offerings
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Should Courthouse Security Go Easy on Attorneys? 2 State Representatives Say ...
ABA JournalFebruary 1, 2012

Should Courthouse Security Go Easy on Attorneys? 2 State Representatives Say There Ought to Be a Law By Martha Neil Few lawyers are overjoyed about the security line at the St. Louis County courthouse, which operates more like an airport security ...more »

Debt Collection
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New York bankruptcy court taps new chief judge
Thomson Reuters News & InsightFebruary 2, 2012

Morris made headlines last year by rejecting a US trustee's motion to dismiss a joint bankruptcy filing by a same-sex couple in New York who had married in Vermont. She did so, she wrote, because it was "clear from the case law . . . that the debtors, ...more »

Reorganizations & Restructuring
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Over the Horizon: The Case for a National Security Reformation Act
World Politics ReviewFebruary 1, 2012

By Robert Farley | 01 Feb 2012 Immediately following World War II, the United States undertook a complete restructuring of its foreign policy apparatus. The 1947 National Security Act redesigned the national security bureaucracy of the United States, ...more »

Debt Settlement
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GLOBAL MARKETS: European Stocks Rise; Debt Auctions In Focus
Wall Street JournalFebruary 1, 2012

By Michele Maatouk & Andrea Tryphonides LONDON (Dow Jones)--European stocks were up and the euro warmed against the dollar Wednesday, following well-received German and Portuguese debt auctions, and after data showed the contraction in euro-zone ...more »

State & Minicipal Bonds
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Make My Day law for business gets hearing in Colo
NewsdayFebruary 2, 2012

Nation Newsday > News > Nation Make My Day law for business gets hearing in Colo Published: February 2, 2012 6:13 PM By The Associated Press IVAN MORENO (Associated Press) DENVER - (AP) -- Colorado takes pride in its Western entrepreneurial spirit ...more »

Directors' & Officers' Liability
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Brooke Goldstein Speaking at the Philadelphia Chapter of the Freedom Center ...
FrontPage MagazineFebruary 1, 2012

Media insurance can cost you around $1500 a year, depending on your risk-liability, but it's super-important and an expense well-spent. Number two, always have a second pair of eyes, preferably an attorney, read over your article with the goal of ...more »

Trade Associations
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House To Vote On Congressional Insider-Trading Ban
NPRFebruary 9, 2012

OK, the House of Representatives voted overwhelmingly this morning, to improve what is known as the STOCK Act. That's a bill that would make it illegal for members of Congress and other government officials to trade on insider information.more »

False Advertising
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Don't Trust, Verify
CFO.com MagazineFebruary 1, 2012

For the most part, executives understand the point of the 34-year-old law and have designed compliance programs to minimize the risk of their company or business partners violating the FCPA. Yet, straightforward as such compliance may sound, ...more »

Unfair Competition
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BASE METALS - European Opening View - Metals on a back footing following mixed ...
FXstreet.comFebruary 1, 2012

2.1 We do not guarantee that access to this Website will be continuously available and will not be liable if for any reason (including but not limited to) the Website being suspended temporarily and without notice in the case of system failure, ...more »

Federal Contracts
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Bill would address small business contracting fraud, force agency rationale ...
Washington Business Journal (blog)February 2, 2012

A new House bill introduced Thursday would address a slew of issues associated with small business contracting rules, including cracking down on loopholes that enable small business dollars to filter to larger companies and offering small businesses an ...more »

Venture Capital
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BASF Venture Capital Invests $5 Million in US-Based Solidia Technologies
MarketWatch (press release)February 1, 2012

1, 2012 /PRNewswire via COMTEX/ -- 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 ...more »

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Bankruptcy, Cases, Problems, and Materials, 4th, 2014 Supplement (University Casebook Series) (English and English Edition)Bankruptcy, Cases, Problems, and Materials, 4th, 2014 Supplement (University Casebook Series) (English and English Edition)
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