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

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SC Treasurer Sounds Alarm About State Investments
News Channel 7February 1, 2012

He says the legislature doesn't need to pass any new laws regarding the state's investments; the current laws just need to be enforced. So who enforces those laws? "In some cases it's the treasurer; some cases the Budget and Control Board; ...more »

Whistleblowers Sue FDA, Claim Emails Monitored
MedPage TodayFebruary 1, 2012

The FDA staffers are accusing the FDA of violating their Fourth Amendment rights, which protect against illegal searches and seizures, and their Fifth Amendment rights, which protect against abuse of government authority. Collecting emails to use ...more »

Business Law News and Stories

Advertising
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Group mulls hedge fund advertising, crowdsourcing capital
Ct PostFebruary 1, 2012

A government advisory panel is considering moves that would allow startups to raise money online and permit hedge funds to advertise. On Wednesday, the US Securities and Exchange Commission's Advisory Committee on Small and Emerging Companies will meet ...more »

Foreign Investments
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Study Finds Local Online Ad Outlook Strong; Call for Mobile Regulation
Street FightFebruary 1, 2012

Marketers are becoming bullish about their current and future investment in local advertising, particularly in local online media, according to a study released this week by GMSLocal. However, members of Congress such as Rep. Edward Markey (D-Mass.) ...more »

Antitrust Law, Domestic
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MasterCard Profit Slumps on Charge
Wall Street JournalFebruary 2, 2012

MasterCard and Visa are already adjusting to new federal rules that cap how much their bank partners can charge merchants to accept debit cards. The fees, known as interchange, are set by Visa and MasterCard but collected by the banks as revenue.more »

Franchising
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Home Based Businesses - Best Franchise Opportunity
Caribbean Media VisionFebruary 1, 2012

If you would like to learn about why home-based businesses are the best franchise opportunities available, then you'll want to read this article. Specifically, we will discuss the profit potentials that home-based business franchise opportunities hold, ...more »

Gaming Law
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Expansion of gambling in the cards
Stockton RecordFebruary 2, 2012

The Planning Commission approved the proposal despite a Christian group's protests contending that gambling is unsavory and leads to higher crime rates in areas where they exist. Those voices of opposition were not present Wednesday night.more »

Banking Law
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The man who shaped Obama's drive to hold banks accountable
Washington PostFebruary 1, 2012

Indeed, with no agency of government able to bring legal action, there would be no serious investigation of whether and how the banks broke the law. When Schneiderman learned of the proposed settlement, he said no. He was not willing to let the banks...more »

Government Construction Contracts
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Council to vote on Citizens Square elevator contract
Fort Wayne Journal GazetteFebruary 1, 2012

The contract to repair the elevators at Citizens Square will come before the City Council for approval. The council on Tuesday discussed cost overruns at the new home to city and county government, specifically the need to spend nearly $1 million ...more »

Business Formation
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City leaders meet with shop owners over crime
WFMZ AllentownFebruary 1, 2012

Worried business owners in Reading are asking the police for help to keep them safe amid a rash of armed robberies. Dozens of store owners and community leaders met with Reading city officials Tuesday to map out some strategies to fight crime.more »

Institutional Investing
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Ban on US Congressional Insider Trading Advances
Voice of AmericaFebruary 3, 2012

If signed into law, legislators would face criminal penalties for buying or selling stocks based on non-public information given to lawmakers. Our correspondent reports the bill also mandates that members promptly disclose their stock trades in excess ...more »

Commercial
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BP, Cabot, JPMorgan, Commerzbank, Morgan Stanley in Court News
BloombergFebruary 1, 2012

Stuart Smith, a New Orleans-based plaintiffs' attorney, said the number of cases will increase as fracking expands into more populated areas and complaints grow. More drilling may also create new routes for the chemicals to migrate, he said.more »

A Law School Love Story: Prominent Professor Marries Columbia 3L
Above the LawFebruary 2, 2012

“She has very natural gifts for language; she's just great with them. Maya seems to pick up languages the way I pick up lint. For me, there's no language that I have not butchered! I once told a French couple in Paris that I was an avocado.more »

Commercial Bankruptcy
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Alabama immigration law sponsor disagrees with study that finds 2011 bill ...
al.com (blog)February 1, 2012

Kerry Rich, R-Albertville, and Micky Hammon, R-Decatur, after signing into law what critics and supporters are calling the strongest bill in the nation cracking down on illegal immigration, on Thursday June 9, 2011 at the state Capitol in Montgomery.more »

Internal Investigative Services
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H. David Kotz, Former SEC Inspector General, Joins Gryphon Strategies as a ...
MarketWatch (press release)February 7, 2012

Kotz will head Gryphon's new Washington, DC office, where he will use his experience in leading complex internal investigations and audits to focus on corporate fraud cases, litigation support and a variety of other investigative matters.more »

Commercial Leasing
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The Am Law 100, the Early Numbers: Revenue Up, Profits Down Slightly at Cadwalader
The American LawyerFebruary 1, 2012

Cadwalader Wickersham & Taft enjoyed a modest uptick in revenue in 2011, the firm's first burst of top-line growth since 2007, according to The American Lawyer's reporting. The firm's gross revenue increased 4.4 percent to $448.5 million and revenue ...more »

International Transactions
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Peace Now wants Baker removed from outpost committee
Jerusalem PostFebruary 2, 2012

By JOANNA PARASZCZUK AND TOVAH LAZAROFF 02/02/2012 04:51 Group takes issue with former Foreign Ministry legal adviser's connection with a pro-settler group. By REUTERS/Ronen Zvulun Peace Now on Tuesday asked Attorney-General Yehuda Weinstein to bar ...more »

Communications & Media
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LA judge orders Juvenile Court opened to news media
Los Angeles TimesFebruary 1, 2012

It does not apply to the delinquency side, which handles crimes committed by children. (Gina Ferazzi, Los Angeles Times / June 6, 2005) By Garrett Therolf, Los Angeles Times Los Angeles County Juvenile Court will be opened to media coverage regularly, ...more »

From the Experts: Head In(to) the Cloud?
Corporate CounselFebruary 1, 2012

Traditionally, business software vendors have licensed and priced their products in one of three ways: (1) per user; (2) per device or processor (CPU); or (3) per enterprise, covering all users and devices within an organization.more »

Construction & Development
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New law to curb glass-walled buildings in city
EastDay.comFebruary 1, 2012

Under The Shanghai Glass Wall Management Act, future buildings constructed next to crossings cannot include glass walls. The legislation also prohibits them from hospital, school, kindergarten seniors' home and residential buildings of two or more ...more »

Locating Funds
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Groups seek to help stressed homeowners
Rochester Democrat and ChronicleFebruary 1, 2012

Statewide, nearly 250000 homeowners are in foreclosure or serious delinquency, according to the Empire Justice Center, a statewide public interest law firm. That includes about 14600 in the Finger Lakes region. Cuomo did not include money for the ...more »

Contracts Involving State & Minicipality
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House approves changes to laws on lawsuits
Minneapolis Star TribuneFebruary 2, 2012

Republicans say tort law changes will make businesses more competitive. DFLers say they'll burden plaintiffs. Republicans in the Minnesota House pushed through a package of bills Wednesday to limit the costs of lawsuits, which they view as a necessity ...more »

Mergers, Acquisitions & Divestitures
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Platinum Equity Completes Sale of 3B
MarketWatch (press release)February 1, 2012

About Platinum Equity Platinum Equity ( www.platinumequity.com ) is a global M&A&O(R) firm specializing in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, ...more »

Corporate Finance & Taxation
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Humansville Convenience Store Raided for K2, Investigation Turns to Tax Evasion
KSPRFebruary 1, 2012

The investigation is now centered around tax evasion but there's something else. Circle K also sold glass pipes, which alone, aren't a crime, but in conjunction with the K2 alternatives it's a class D felony. "I believe they did remove them today," ...more »

Mortgages & Foreclosures
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Details Ad Id 1312305
Jacksonville Daily NewsFebruary 16, 2012

Should the property be purchased by a third party, that party must pay the excise tax, as well as the court costs of Forty-Five Cents ($0.45) per One Hundred Dollars ($100.00) required by NCGS §7A-308(a)(1). The property to be offered pursuant to this ...more »

Creditor's Rights
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MF Global Holdings Judge Rejects Customer Bid for Chapter 7
BusinessWeekFebruary 1, 2012

1 (Bloomberg) -- MF Global Inc.'s brokerage customers can't have the bankruptcy of the company's parent converted to a Chapter 7 liquidation or conduct their own probe into its collapse, a judge ruled US Bankruptcy Judge Martin Glenn denied a request ...more »

Non-Profit Corporations
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Muslim Brotherhood backs crackdown on US NGOs
CBS NewsFebruary 2, 2012

The law requires nonprofit groups to register with the ministry of social solidarity, exposing them to monitoring by domestic intelligence agencies. "If the travel ban is based on the law to ensure the employees [of these organizations] were not ...more »

Customs Disputes
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Safer seas for boaties
Bundaberg News MailFebruary 1, 2012

Different organisations including Volunteer Marine Rescue (VMR), the Water Police, Customs, Boating and Fisheries Bundaberg and Marine Parks will come together to educate boaties on safety, rules and regulations on the water.more »

Professional Corporations
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Law Schools Sued for Lying About Lawyering
New York MagazineFebruary 1, 2012

The saga began last year, when Strauss and Anziska, both veterans of corporate legal work, filed lawsuits against New York Law School and Thomas M. Cooley Law School, in Michigan. The allegation: That Cooley and NYLS, by allegedly inflating ...more »

Debt Collection
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New Study Shows Third-Party Debt Collection Substantially Impacts ...
MarketWatch (press release)February 1, 2012

1, 2012 /PRNewswire via COMTEX/ -- Third-party debt collection has an important impact on America's and Massachusetts' economies, according to a new study by ACA International and global advisory firm Ernst and Young ( www.acainternational.org/impact ) ...more »

Public Offerings
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Ohio Makes Move to Become Right-to-Work State
NewsMax.comFebruary 2, 2012

By Sandy Fitzgerald Ohio Attorney General Mike DeWine Wednesday certified a petition for a constitutional amendment that would make Ohio a right-to-work state, the Columbus Dispatch reported. Amendment supporters gathered 1000 signatures and submitted ...more »

Debt Settlement
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Deutsche Boerse-NYSE, Gupta, Muni Bonds: Compliance
BusinessWeekFebruary 1, 2012

The stolen numbers are used to file false tax returns for refunds, he said. In the fiscal year that ended Sept. 30, the IRS stopped 260000 fraudulent returns related to identity theft, protecting $1.4 billion in refunds, Miller said.more »

Reorganizations & Restructuring
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FIRST ON 3 UPDATE: Leland Police Chief Tim Jayne fired
WWAY NewsChannel 3February 1, 2012

Several positions were eliminated as a part of the restructuring, and several new positions will be advertised in the coming weeks. "The reorganization includes the elimination of three administrative positions and one position within the Building ...more »

Directors' & Officers' Liability
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CICA Honors 2012 Recipients of Prestigious Industry Awards
PR Web (press release)February 2, 2012

In addition, ADM uses Agrinational to provide a wide variety of insurance coverages, including property insurance, general liability and products liability, automobile liability, workers' compensation, products recall, marine cargo, directors and ...more »

State & Minicipal Bonds
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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 »

False Advertising
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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 »

Trade Associations
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Why an International Trade Agreement Could Be as Bad as SOPA
The AtlanticFebruary 6, 2012

A few weeks ago a sleeping giant woke up, when the Internet -- average users and Silicon Valley companies -- united in protest against two bills before Congress, the Stop Online Piracy Act (SOPA) and the Protect Intellectual Property Act (PIPA), ...more »

Federal Contracts
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OB council to contract out for legal services
Sayreville SuburbanFebruary 1, 2012

Assistant Township Attorney Carol Berlen said that all documents produced for the township would be subject to OPRA law and that the attorney would be bound by the professional code of conduct in managing conflicts on interest.more »

Unfair Competition
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EU Blocks NY-Frankfurt Stock Exchange Merger
Voice of AmericaFebruary 1, 2012

The EU's Competition Commissioner, Joaquin Almunia, said Wednesday the proposed deal between the owners of the New York Stock Exchange and the Deutsche Boerse exchange in Frankfurt was rejected because it would have created an unfair, near-monopoly in ...more »

Federal Grants
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Former Penn State Researcher Faces Felony Counts Related to Federal Grants
Chronicle of Higher Education (subscription) (blog)February 1, 2012

A former professor at Pennsylvania State University is accused of felony crimes related to two federal research grants worth a total of more than $3-million, according to a statement released on Tuesday by the US attorney's office in Harrisburg, Pa.more »

Venture Capital
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Venture Capitalist Shalev on Israeli Startups
Washington PostFebruary 2, 2012

2 (Bloomberg) -- Eddy Shalev, managing partner at Genesis Partners, talks about the Israeli venture-capital culture and investment strategy in startups. Shalev speaks with Courtney Donohoe on Bloomberg Television's "Money Moves.more »

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