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

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Full City: order restored?
International Law OfficeFebruary 1, 2012

The district court had convicted the third officer for violation of the Pollution Act, but acquitted him of the charges under the Ship Safety Act. The prosecution did not appeal the acquittal; consequently, the appeal court considered only whether the ...more »

'Business Connection' features Title Boxing Club
Chicago Sun-TimesFebruary 1, 2012

The Naperville location is one of 19 franchises across the country. TITLE Boxing Club specializes in boxing, kickboxing and mixed martial arts. Pete Gilfillan came on set to promote his business FranChoice. Want to start your own franchise but don't ...more »

Business Law News and Stories

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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 »

Foreign Investments
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To invest more in India: Japan envoy
Times of IndiaFebruary 1, 2012

Saiki said this at the Gujarat National Law University (GNLU) while speaking at a lecture series at the university's Centre for Foreign Policy and Security Studies. "The investment trend is going to go upward in the next few years," said Saiki talking ...more »

Antitrust Law, Domestic
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Cohen & Grigsby's Florida Office Relocates to Mercato in Naples
MarketWatch (press release)February 1, 2012

The firm's practice areas include Business & Tax, Labor & Employment, Immigration/International Business, Real Estate & Public Finance, Litigation, Estates & Trust, Intellectual Property, Bankruptcy & Creditors Rights, and Public Affairs.more »

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WSI Helps Foundation Repair Company Reduce Reliance On 3rd Party Advertising
Daily MarketsFebruary 1, 2012

WSI is the world's #1 franchise offering Internet marketing services to suit the needs of multiple industries. The company has the world's largest Internet Consultants' network and a strong head office in Toronto, Canada.more »

Gaming Law
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Briefly at the Utah Legislature
Deseret NewsFebruary 1, 2012

Stephen Sandstrom , R-Orem, said he introduced HB108 as a pre-emptive strike against federal legislation that would legalize online gaming and gambling with handheld devices. The federal bill would legalize Internet gambling unless the state ...more »

Banking Law
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Florida Lawmakers Tackle Cash Checking Ties to Workers' Comp Fraud
Insurance JournalFebruary 1, 2012

Daniel Davis (R-Jacksonville), which is designed to rein-in the use of checking cashing companies by individuals seeking to avoid paying workers' compensation premiums. Among other things, the bill eliminates a current law that requires state ...more »

Government Construction Contracts
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Government spending might be consolidated under 1 official
The OlympianFebruary 4, 2012

Chris Gregoire's administration would give new authority to oversee contracts and discipline contractors to the head of the four-month-old Department of Enterprise Services. It is moving through the Legislature. No opposition surfaced at a hearing ...more »

Business Formation
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Ex-worker was concerned about origins of millions Texas financier Stanford ...
Washington PostFebruary 1, 2012

Arnold Knoche, who worked 16 years in Stanford's real estate development company, testified Tuesday at the financier's fraud trial that his former boss spared no expense on such projects as a private airport hangar, cricket grounds, an athletic club, ...more »

Institutional Investing
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The Uninvited Guest: Dodd-Frank And The Family Office
Mondaq News Alerts (registration)February 1, 2012

The Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank") significantly changed the law regarding required registration as an investment adviser pursuant to the provisions of the Investment Advisers Act of 1940 (the "Act").more »

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Prominent Former Federal Prosecutors Rita Glavin and Michael Considine Join ...
MarketWatch (press release)February 1, 2012

NEW YORK, Feb 01, 2012 (BUSINESS WIRE) -- The former head of the Department of Justice's Criminal Division, and the longtime chair of the white-collar practice at a leading national law firm have joined Seward & Kissel LLP, the firm announced.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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Regency Window fate still unclear
Plain DealerFebruary 1, 2012

Forty-three people have filed complaints against Regency with the Ohio attorney general's office since reports that it had closed without explanation. Emails sent from the Akron Better Business Bureau to Regency's vice president of operations and legal ...more »

Internal Investigative Services
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OLAF launches new organisation to sharpen its focus and cut the duration of ...
IEWY NewsFebruary 1, 2012

These changes are the result of an internal review launched in March 2011 by OLAF Director-General Giovanni Kessler who took office on 14 February 2011. The new organisational structure and investigative procedures aim at focusing resources on ...more »

Commercial Leasing
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Economic Outlook: Ebb and flow of business in 2011
Conway Daily SunFebruary 2, 2012

1, 2011,” is how broker/owner Bayard Kennett of RE/MAX Presidential put it this week when asked about the local commercial real estate market. Kennett has been trying to lease the former home of LL Bean at the White Mountain Plaza along the Route 16 ...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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NLRB on social media: Facebook firing didn't break law
Business Management DailyFebruary 1, 2012

by David B. Ritter on February 1, 2012 11:00am While the law concerning acceptable employee use of social media remains uncertain, the National Labor Relations Board (NLRB) is starting to shed more light on what conduct is acceptable under the National ...more »

Aurora group targeting underage smoking wants to license some tobacco sales
Denver PostFebruary 5, 2012

But other tobacco products are free to be licensed without penalty. By licensing the noncigarette products, including chewing tobacco and cigars, cities may better track who is selling those items and can enforce laws, similar to the way communities ...more »

Construction & Development
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Ask-A-Lawyer Day bringing free legal advice to Burlington
Burlington Times NewsFebruary 1, 2012

The goal is to offer legal consultation to segments of the public that often can't afford to consult with attorneys, Bakatsias said. Attorneys specializing in different areas of legal practice — including criminal, civil, marriage and business law...more »

Locating Funds
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Sports Artists Battling Big Money, Trademark Lawsuits (and Winning!)
Huffington PostFebruary 1, 2012

Artists are open to all sorts of renown (commercial success, succès de scandale, their art and faces in books and magazines, their names known far and wide), but Rick Rush and Daniel Moore may be as famous in the annals of law as in the field of sports...more »

Contracts Involving State & Minicipality
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Indiana poised to approve anti-union law
ReutersFebruary 1, 2012

By Susan Guyett | INDIANAPOLIS (Reuters) - The Indiana state Senate was expected on Wednesday to give final approval to a new law allowing workers at unionized businesses to avoid paying union dues, the last major legislative hurdle to making Indiana ...more »

Mergers, Acquisitions & Divestitures
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International Paper's acquisition of Temple-Inland hinges on mill divestitures
Central Valley Business TimesFebruary 13, 2012

If International Paper Company hopes to get the green light from the US Justice Department to buy rival Temple-Inland Inc., some of the combined company's containerboard mills will have to be sold or otherwise divested, the government says.more »

Corporate Finance & Taxation
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Tax and Customs Board to Hire Auditors and Debt Collectors
ERR NewsFebruary 1, 2012

The Tax and Customs Board is in the process of hiring 70 auditors and 10 debt collectors to step up efforts to fight tax evasion. According to Postimees, one area to be tackled is entrepreneurs who set up a company and then abandon it - about 350 such ...more »

Mortgages & Foreclosures
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State AG Calls Foreclosure Settlement a Down Payment
WNEDFebruary 12, 2012

It also preserves the right to pursue criminal prosecutions of the banks, including a lawsuit already filed by the AG against MERS, an electronic mortgage company that he says was used to evade local mortgage recording laws, and in some cases, ...more »

Creditor's Rights
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Judge approves settlement in WaMu bankruptcy
BusinessWeekFebruary 2, 2012

By RANDALL CHASE A Delaware bankruptcy judge on Wednesday said she would approve a settlement between bank holding company Washington Mutual Inc. and a group of investors who had argued unsuccessfully that they held claims against it worth more than ...more »

Non-Profit Corporations
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U-T San DiegoFebruary 4, 2012

The Law Library Justice Foundation, the nonprofit corporation associated with the library, is planning another fundraiser, a black-tie gala to celebrate the reopening on Feb. 25. Donors include the family of former Superior Court Judge Edgar B. Hervey, ...more »

Customs Disputes
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High court seeks reply on tax tribunal functioning
Times of IndiaFebruary 2, 2012

PATNA: A division bench of the Patna high court comprising Justice T Meena Kumari and Justice Gopal Prasad, while hearing a PIL filed by the Commercial Tax Bar Association on Thursday directed the state government to file a reply with regard to filing ...more »

Professional Corporations
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The STOCK Act's Muzzle — How “Insider Trading” Bill Could Shut Down ...
OpenMarket.orgFebruary 6, 2012

At the time, you didn't think the law would affect you since the only trading you do is indirect, through your mutual funds and pension. You were surprised to learn, however, that you now have a broad “duty of confidentiality” that encompasses not just ...more »

Debt Collection
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Banking glitch resolved in aid to landlord Thanh Kim Le's family
HollandSentinel.comFebruary 2, 2012

Wanting to help the family pay Le's outstanding funeral and medical bills, her friends from EBW collected $400 and set up an account at Chase Bank in Holland in the name of Le's daughter-in-law, Tiara Gwynn. Gwynn has been handling Le's bills and other ...more »

Public Offerings
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Florida attorney general's attempt to subpoena foreclosure mills stalls
Palm Beach PostFebruary 3, 2012

This week, an attempt to have the Florida Supreme Court weigh in on whether the state has the authority to subpoena the Law Offices of David J. Stern was denied by the 4th District Court of Appeal. The decision effectively ends the investigations into ...more »

Debt Settlement
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Can bankruptcy tap surprise inheritance?
CreditCards.comFebruary 3, 2012

The fact that you filed for Chapter 13 is also a game changer. In a Chapter 7 bankruptcy, most debts are wiped away or paid with pennies on the dollar, and the debtor walks away with a fresh start. A person who files for Chapter 7 bankruptcy could win ...more »

Reorganizations & Restructuring
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DLA Piper Opens Office in Mexico City
Citybizlist (press release)February 15, 2012

... who will also be a member of DLA Piper's Dallas office, focuses his practice on international tax, real estate, finance and business transactions related to operations, expansion, mergers, acquisitions and divestitures worldwide.more »

Directors' & Officers' Liability
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New Jersey Legal Malpractice Lawyers Now Offer Helpful Information on the Web
PR Web (press release)February 1, 2012

As the Web page notes, Wasserman is one of the most widely recognized and highly respected legal malpractice authorities and attorneys in the country, with more than three decades of experience in this unique area of the law.more »

State & Minicipal Bonds
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Caldeira: Franchises Offer a Valuable Avenue to Job Creation
Roll Call (subscription)February 1, 2012

For every $1 million lent to franchise businesses, 34 new jobs are created. Regarding regulations, the House has already passed bills addressing the overreach of the National Labor Relations Board and the health care law. A recent Hudson Institute ...more »

False Advertising
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Ninth Circuit Opinion Could Limit Nationwide Consumer Class Actions
Mondaq News Alerts (registration)February 1, 2012

The Ninth Circuit decertified a class of automobile buyers in a false advertising lawsuit, holding that (i) differences in state laws precluded certification of a nationwide class and (ii) individual factual issues regarding plaintiffs' reliance on the ...more »

Trade Associations
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Trade union laws must be overhauled
Nation on SundayFebruary 3, 2012

Although the law recognises the right to strike, it is not a weapon that should be used lightly particular in the public sector since these enterprises are invariably providing an essential service to the public. We inherited the Trade Union laws from ...more »

Federal Contracts
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States will get socked with new Medicaid tax under health law
Bellingham HeraldFebruary 1, 2012

The law calls for a new tax on health insurers' premium revenue — intended to help pay for expansion of coverage to 32 million uninsured Americans. But the tax will be paid by all insurers, including those that contract with states to provide coverage ...more »

Unfair Competition
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The double-edged sword facing competitors of the iPad
ZDNet (blog)February 1, 2012

It is almost unfair that even with iPad pricing at such a competitive level, Apple is able to make a huge profit. It is a double-edged sword that cuts competitors down, and it isn't going to change any time soon. Apple's current gross profit margin is ...more »

Federal Grants
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Only 20% of restitution money is collected from county criminals
Mail TribuneFebruary 1, 2012

"This is all the way from stealing cigarettes in a store to multimillion-dollar security fraud," said Jackson County Court Administrator Bob Kleker. The grant would pay for a probation officer and restitution specialist who would ensure offenders ...more »

Venture Capital
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Q&A with venture capitalist Mark Fasciano
NewsdayFebruary 4, 2012

Click here Q&A with venture capitalist Mark Fasciano Published: February 3, 2012 9:15 PM By JAMES BERNSTEIN Mark Fasciano, managing director of Jericho-based Canrock Ventures, a venture capital firm, has become a leader in ...more »


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