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

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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 »

Reportage: Looking to liability
Insurance AgeFebruary 1, 2012

Arguably, what the wide vista of liability reveals is that a broker's learning does not cease with their product knowledge. For Neil Grimshaw, director at Ravenhall Risk Solutions, educating clients on risks and building a long-term partnership is a ...more »

Business Law News and Stories

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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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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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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 »

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Lionsgate, Starz Entertainment Strike Multi-Year Film Licensing Deal
Hollywood ReporterFebruary 2, 2012

"The Expendables," Tyler Perry movies and the "Saw" franchise are among the more than 500 movies that will come to Starz's premium channels and services. NEW YORK - Lionsgate and Starz Entertainment on Thursday announced a multi-year film licensing ...more »

Gaming Law
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Fine Point Group Files Motion to Enforce Tribal Court Judgment Against ...
Sacramento BeeFebruary 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 »

Banking Law
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Baker Donelson acquires another Houston law firm (blog)February 1, 2012

The Memphis-based law firm acquired Drucker, Rutledge & Smith LLP, a seven-lawyer civil litigation firm with experience in the areas of business, tort defense, insurance, construction, baking and employment. Texas was the first new state for ...more »

Government Construction Contracts
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United States DoD contracts for February 1, 2012
defproFebruary 2, 2012

(6 percent); and various locations within the United States (23.7 percent). The work is expected to be completed in March 2013. Contract funds will not expire at the end of the current fiscal year. This contract was not competitively procured pursuant ...more »

Business Formation
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Apple, Google Poaching Case Will Go Forward, US Judge Says
BusinessWeekFebruary 1, 2012

“They still have an antitrust claim that's going forward so I don't want to see any obstruction on discovery,” she told lawyers during a hearing. The case is a private lawsuit brought on behalf of employees that mirrors claims the companies settled ...more »

Institutional Investing
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Wells Fargo, Greenberg Traurig Aided and Abetted Ponzi Scam, Investor Says
Courthouse News ServiceFebruary 1, 2012

In one transaction orchestrated by the managers, Greenberg, and Wells Fargo, the plaintiff and RE Loans members lost all the rights they previously held and enjoyed as equity shareholders in RE Loans and were relegated to second-tier creditors with ...more »

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Governor Martin O'Malley's State of the State - 2012
Annapolis CapitalFebruary 1, 2012

Thank you to the men and women of law enforcement, correctional officers, parole, probation, and juvenile service agents, and committed US Attorneys and States Attorneys throughout our State, whose hard work has driven violent crime down to the lowest ...more »

Carried interest – a heavy burden to bear?
Thomson Reuters News & InsightFebruary 1, 2012

In fact, the majority of a private equity manager's compensation will come in the form of carried interest. Under US law, the entry into a partnership by a carried interest holder receives a zero capital account. The same is true when entering into a ...more »

Commercial Bankruptcy
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Montville's top taxpayer AES Thames files for bankruptcy
Norwich BulletinFebruary 1, 2012

On Jan. 20, AES Thames filed for Chapter 7 bankruptcy, which means the company will be dissolved completely. Charles Foreman, an attorney with Foreman, Holt, Eliades and Raven LLC, has been appointed the trustee of the company, McDaniel said.more »

Internal Investigative Services
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Retired sheriff's commander is at center of internal investigation
Los Angeles TimesFebruary 6, 2012

... Leonard and Robert Faturechi, Los Angeles Times A retired Los Angeles County Sheriff's Department commander who publicly accused department brass last year of ignoring his warnings about jail abuse is now at the center of an internal investigation.more »

Commercial Leasing
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US to Open Wind-Lease Areas
Wall Street JournalFebruary 2, 2012

By RYAN TRACY WASHINGTON—The US will make areas off the Atlantic coast available for wind leases this year, Interior Secretary Ken Salazar said Thursday. Mr. Salazar said the Department of Interior has found there would be "no significant impact" on ...more »

International Transactions
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Thomson Reuters Reports Full-Year and Fourth-Quarter 2011 Results
MarketWatch (press release)February 9, 2012

Unless otherwise noted, all revenue growth comparisons in this news release are before the impact of foreign currency as Thomson Reuters believes this provides the best basis to measure the performance of its business. Results discussed in this news ...more »

Communications & Media
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LTA Introduces IGMS
AllAfrica.comFebruary 1, 2012

The Liberia Telecommunications Authority or LTA, the country's network service regulator said the new measure, the International Gateway Measuring System or IGMS will help strengthen its capacity to also seal revenue leakages and boost government ...more »

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 »

Construction & Development
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Federal judge hears would-be casino developer's legal challenge
SouthCoastToday.comFebruary 1, 2012

By Steve Decosta KG Urban Enterpise's legal challenge of the state's casino-enabling legislation got its first airing in US District Court Tuesday, with Judge Nathaniel M. Gorton peppering both parties with specific questions on points of law.more »

Locating Funds
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Stanford used CD funds for cricket, jets -witness
Stabroek NewsFebruary 2, 2012

Also today, the receiver for Allen Stanford's money management firm filed a $1.8 billion lawsuit against two prominent New York law firms and an attorney who worked at both, alleging they played roles in a massive Ponzi scheme run by Stanford.more »

Contracts Involving State & Minicipality
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Law Offices of Howard G. Smith Announces Class Action Lawsuit Against K12, Inc.
Business Wire (press release)February 1, 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”) (NYSE:LRN) between September 9, 2009 and December 16, 2011, ...more »

Mergers, Acquisitions & Divestitures
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Top 5 Causes of Software License Non-Compliance
Enterprise License Optimization Blog (blog)February 6, 2012

Events like mergers & acquisitions and divestitures complicate this further. Many companies lack the processes and systems to truly manage their software assets and find that after one of these events they are immediately in a non-compliance situation.more »

Controlled Substances Law
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False prescription alleged ringleader held without bail
Worcester TelegramFebruary 29, 2012

Also arrested Friday was Paul M. Sizemore, 21, 83 West Boylston St., on a warrant for eight counts of violating a controlled substances law, uttering a false prescription and attempting to commit a crime of uttering a false document.more »

Mortgages & Foreclosures
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$25B foreclosure deal done as Delaware, big states sign on
The News Journal (blog)February 9, 2012

"With California and New York signing on, it's a huge deal," said Kurt Eggert, a professor at Chapman University School of Law in California who has been following the talks. US Attorney General Eric Holder announced the settlement today.more »

Corporate Finance & Taxation
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Soldiers could have property taxes waived
Salt Lake TribuneFebruary 2, 2012

By Lee Davidson Members of the military who deploy out-of-state would have their property taxes waived temporarily under a proposal in the Legislature. The Senate Revenue and Taxation Committee on Wednesday unanimously approved both SJR8 and SB116 and ...more »

Non-Profit Corporations
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The Aldridge Company and Rafte & Company Merge Services
MarketWatch (press release)February 1, 2012

"With combined IT support services, Rafte & Company and The Aldridge Company offer easy availability of cloud services as well as a full complement of technology and business consulting services for small businesses, law firms and other professional ...more »

Creditor's Rights
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Mitt Romney, 'welfare queen'
Aljazeera.comFebruary 1, 2012

But making the law more creditor friendly to protect against asset-stripping should also be considered, Baker said. "The original leveraged buyout firms saw that there were no laws against companies taking out loans to finance their own sales, ...more »

Professional Corporations
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TEXT-Fitch:Turkish commercial code likely to enhance corporate governance overall
ReutersFebruary 7, 2012

(The following statement was released by the rating agency) Feb 07 - Fitch Ratings says the new Turkish Commercial Code (CC), to be initiated in July 2012, will be a milestone that aims to improve corporate governance practices and financial reporting ...more »

Customs Disputes
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Immigration holds at jail raise questions
Santa Fe New Mexican.comFebruary 1, 2012

Santa Fe County jail officials cooperate with immigration and customs agents to the extent required by law, no more, no less, according to Santa Fe County Attorney Steve Ross. At a hearing Thursday, he acknowledged that Santa Fe has been classified by ...more »

Public Offerings
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Harold Meyerson: Holding banks accountable
The News JournalFebruary 2, 2012

Not only did he refuse to endorse the deal, he formed a team of 15 attorneys to look into possible financial fraud. Without the signature of the attorney general from the state that's home to Wall Street, there was no deal. And over the course of 2011, ...more »

Debt Collection
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Rocket Lawyer Survey Reveals Top Issues for Small Businesses Are Legal and ...
MarketWatch (press release)February 1, 2012

As SMBs enter into new business contracts, hire new employees, and upgrade to new office spaces, entrepreneurs face a wider range of legal issues, like signing contracts, staying compliant with HR laws, and signing commercial leases.more »

Reorganizations & Restructuring
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Grace Reports Fourth Quarter Adjusted EPS of $0.89 and Provides 2012 Outlook
MarketWatch (press release)February 1, 2012

Grace is unable to make a reasonable estimate of the income effects of the consummation of the Joint Plan of Reorganization (the "Plan") because the value of certain consideration payable to the asbestos trusts under the Plan (primarily the deferred ...more »

Debt Settlement
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Cadence Reports Fourth Quarter and Fiscal Year 2011 Financial Results
MarketWatch (press release)February 1, 2012

Cadence's management also believes it is useful to exclude costs and charges related to shareholder litigation because these costs and charges are not related to Cadence's core business operations. Cadence's management also believes that it is useful ...more »

State & Minicipal Bonds
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Liberals Highlight Romney Ties To Ariz. Law Author Kobach
Investor's Business DailyFebruary 3, 2012

By SEAN HIGGINS, INVESTOR'S BUSINESS DAILY Posted 08:05 AM ET Mitt Romney campaigns at the Hispanic Leadership Network's conference in Miami on Jan. 27, 2012. Romney handily carried Florida's Hispanics in... View Enlarged Image Liberal groups have a ...more »

Directors' & Officers' Liability
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Candace Dick named new county attorney
York News-TimesFebruary 1, 2012

She practiced in Nevada in the area of product liability and insurance defense. She relocated to Nebraska in 2006, became licensed in this state and opened her own firm in 2008. Dick became the Deputy York County Attorney in April, 2010, ...more »

Trade Associations
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Restaurant lobby seeks to put ignition interlock provision on ice
Fox NewsFebruary 3, 2012

One of Washington's top trade groups for adult beverages is seeking to put on ice a provision within a House transportation bill that would require states to mandate ignition interlock devices for convicted drunk drivers.more »

False Advertising
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We're Not in Beta Anymore: The Tapjoy Mobile Advertising Platform is Now Open
Sacramento BeeFebruary 1, 2012

31, 2012 -- /PRNewswire/ -- The mobile advertising and publishing platform Tapjoy, Inc. ( has reached 70 million Monthly Active Users and is in a unique position to connect advertisers large and small with targeted consumers on their ...more »

Unfair Competition
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WTO rules against China's rare earths stockpiling (blog)February 1, 2012

The European Union, Mexico, and the United States brought a WTO case against China in 2009 on the basis that it was limiting its rare earth exports while reducing prices on the Chinese market. A ruling favoring the complainants was upheld yesterday.more »

Federal Contracts
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Walker's Union Law Saves Wisconsin Money as Teachers Quit School
BusinessWeekFebruary 1, 2012

Turner said the law's impact varies with the availability of federal stimulus money, student enrollment, the overall financial health of districts and the status of their contracts -- the higher employee contributions don't begin until labor deals ...more »

Venture Capital
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Venture Capitalists' Confidence Declines for Third Consecutive Quarter
MarketWatch (press release)February 1, 2012

SAN FRANCISCO, Feb 01, 2012 (BUSINESS WIRE) -- The Silicon Valley Venture Capitalist Confidence Index(R) for the fourth quarter of 2011, based on a December 2011 survey of 30 San Francisco Bay Area venture capitalists, registered 3.27 on a 5 point ...more »

Federal Grants
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11 NY groups splitting $18K in parks-trails grants
Wall Street JournalFebruary 1, 2012

AP ALBANY, NY — Eleven not-for-profit park and trail organizations from Long Island to the Adirondacks are splitting nearly $20000 in grants from an Albany-based preservation group. Parks and Trails New York says it is awarding more than $18000 to the ...more »


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