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

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Bill to require more transparency in ballot measure advertising moves forward
Northwest Progressive Institute Official Blog (blog)February 1, 2012

HB 2499 would require advertising for or against ballot measures in Washington to include the name and address of the entity paying for the advertising; entities that are political committees would also have to disclose the names of their top five ...more »

Judge in the dock to defend himself over Franco investigation
The IndependentFebruary 1, 2012

"When people disappear, it is a permanent crime, which no amnesty law can affect." Outside the court hundreds of supporters of the judge, including British historian Ian Gibson – who has investigated the murder of poet Federico Garcia Lorca by Franco's ...more »

Business Law News and Stories

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Anti-gay-marriage group loses Maine list appeal
Boston.comFebruary 1, 2012

... and represents a second defeat for the National Organization for Marriage, which previously lost a challenge to the state's political action committee laws and laws governing independent expenditures and advertising attribution and disclaimers.more »

Foreign Investments
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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 »

Antitrust Law, Domestic
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Kosmos Energy Securities Fraud Class Action Lawsuit Announced by Gilman Law...
MarketWatch (press release)February 1, 2012

Gilman Law specializes in cases involving stock manipulation, securities fraud, investments fraud, shareholder rights violations, and securities arbitration. Gilman Law, LLP Kenneth G. Gilman, Esq., 239-221-8301 ...more »

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'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 »

Gaming Law
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Voters approve slot machines in two rural counties, but legal battle looms
MiamiHerald.comFebruary 1, 2012

The state agency that regulates pari-mutuel gambling has said it will not approve the games in the North Florida counties, citing a non-binding opinion from the attorney general, who has ruled that the state has no authority to authorize slot machines ...more »

Banking Law
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Ex-Credit Suisse CDO Head Charged in Bonus Scam Says He Helped Prosecutors
BloombergFebruary 2, 2012

A lawyer for Kareem Serageldin, the ex-global head of Credit Suisse Group AG (CSGN)'s CDO business charged in a bonus-boosting fraud tied to a $5.35 billion trading book, said his client was surprised by the US indictment since he has been cooperating ...more »

Government Construction Contracts
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Quinn pitches tax relief for families, businesses that hire vets; more college aid
Chicago Sun-TimesFebruary 1, 2012

Pat Quinn pushed modest tax relief, Medicaid and pension reforms, more college grant spending and an end to the state's natural gas tax in a State of the State speech Wednesday overshadowed by Illinois' gloomy financial condition.more »

Business Formation
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Arm yourself with knowledge before you become the next scam victim — NADINE ...
Sault StarFebruary 1, 2012

They have a warning about this scam, several pages down. "The calls seem to target seniors and other consumers who may not be as technologically savvy ... Never share personal information, such as bank account and credit card numbers, with anyone you ...more »

Institutional Investing
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Tetragon Financial Group Limited (TFG) Hosts Investor Call on March 9th, 2012
MarketWatch (press release)February 1, 2012

In addition, TFG has not been and will not be registered under the US Investment Company Act of 1940, and investors will not be entitled to the benefits of such Act. TFG is registered in the public register of the Netherlands Authority for the ...more »

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Is Dog Law violating the dog law?
Philadelphia Inquirer (blog)February 1, 2012

Approved after a grueling two year battle the legislation set forth sweeping changes in the way commercial kennels operate in the state once known as the puppy mill Capital of the East. In the first major overhaul of the existing dog law in 25 years, ...more »

Stephen Colbert targeted in new Pelosi Web ad on DISCLOSE Act
Washington Post (blog)February 10, 2012

Join me in stopping Colbert and creating a new politics free of special interest money. The first step is passing the DISCLOSE Act. Learn more at” The DISCLOSE Act is not new – the original version of the legislation passed ...more »

Commercial Bankruptcy
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Despite extension, Orchestra expects early spring exit from bankruptcy
Philadelphia Inquirer (blog)February 1, 2012

Despite the extension, Lawrence G. McMichael, the Association's lead bankruptcy lawyer, says he still expects a plan of reorganization to be filed with the court in February, with an exit from bankruptcy in late April or early May.more »

Internal Investigative Services
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Aide: Arpaio accepts blame for botched sex cases
Arizona Capitol TimesFebruary 1, 2012

By AP Maricopa County Sheriff Joe Arpaio's top aide said Tuesday that the sheriff accepts responsibility for hundreds of sex-crimes investigations that were inadequately investigated and Arpaio started working to clear up the backlog once the problem ...more »

Commercial Leasing
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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 »

International Transactions
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Gupta, JPMorgan, Commerzbank, Morgan Stanley in Court News
BusinessWeekFebruary 1, 2012

Judge James Kleinberg also rejected bids by both companies to seal documents in the case that they argued contain sensitive business information that that might harm them or their customers. HP said yesterday in an e-mailed statement that the fraud...more »

Communications & Media
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Marin Telecom Agency Battles Comcast Over Fees
Patch.comFebruary 1, 2012

In Marin, those agreements are reached collectively with MTA representing all the Marin towns except Novato and passing on the franchise fees directly to the towns. Under state law, Comcast also has an obligation to pay the PEG fees for public, ...more »

Law Society Regulatory Proceedings for January 2012
MarketWatch (press release)February 3, 2012

The Law Society of Upper Canada regulates the lawyers and paralegals of Ontario in the public interest. The Law Society ensures that all lawyers and licensed paralegals in Ontario meet standards of learning, professional competence and professional ...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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Mo. AG Koster urges lawmakers to end 'loophole' in escrow law for cigarette makers
The RepublicFebruary 2, 2012

Missouri Attorney General Chris Koster is renewing a call for lawmakers to change a state law related to a 1998 settlement with big tobacco companies. But Koster says Missouri 's law contains a loophole that allows much of the escrow money to be ...more »

Contracts Involving State & Minicipality
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EDITORIAL: Resolve Allentown NIZ questions
Lehighvalleylive.comFebruary 1, 2012

State Sen. Pat Browne, who put together the NIZ bill and helped get it passed, says it is projected that only new earned income tax generated in the NIZ will go to Allentown; other municipalities will still continue to collect the earned income taxes ...more »

Mergers, Acquisitions & Divestitures
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RAE Systems Announces Record Financial Results for 2011
MarketWatch (press release)February 16, 2012

Of equal importance, the merger enabled the company to solidify its business fundamentals that support the initiative to enhance its competitiveness in the marketplace through both organic growth and strategic acquisitions. The 2011 divestiture of the ...more »

Corporate Finance & Taxation
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County lawyer choice called 'insult'
Albany Times UnionFebruary 1, 2012

( Skip Dickstein/Times Union) Ross D. Levi, executive director of the Pride Agenda, center, speaks about their objection to the nomination of Tom Marcelle to the position of Albany County Attorney at their offices in Albany, NY Jan. 31, 2012.more »

Mortgages & Foreclosures
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Foreclosure Battle: DeLauro Pitches Reform
Patch.comFebruary 1, 2012

In an effort to curb the rate of foreclosed homes, new legislation proposed by Congresswoman Rosa DeLauro aims to make good communication between distressed homeowners and lenders the law. Under the Democrat's proposal, if lenders don't follow the ...more »

Creditor's Rights
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CIT Planning Bond Offering to Help Redeem $2.5 Billion of 'High-Cost Debt'
BloombergFebruary 2, 2012

CIT Group Inc. (CIT) is marketing bonds for the second time since emerging from bankruptcy in December 2009 as the small-business lender led by John Thain pays back $2.5 billion of “high-cost debt” this quarter. CIT may issue Series C second-priority ...more »

Non-Profit Corporations
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Law students find inspiration in the Big Easy
University of Wisconsin-MadisonFebruary 1, 2012

Students from the UW Law School headed to New Orleans during winter break to help provide legal assistance to victims of hurricanes. Here are some of their stories, told by the student volunteers: We've all seen the pictures on TV: trees crashing onto ...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 »

Professional Corporations
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How to Break Up the Banks
Barron'sFebruary 4, 2012

Roberta Karmel, a onetime Securities and Exchange Commissioner who's now one of just two Centennial Professors at Brooklyn Law School, sees problems with reforms in the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 -- the ...more »

Debt Collection
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Donations helping DeWine pay down campaign loan
Springfield News SunFebruary 2, 2012

Locally, Flanagan, Hoffman, Lieberman & Swaim contributed $4950 to the DeWine campaign, and two of the firm's lawyers, Candi Rambo and Brent Rambo, chipped in an additional $1750. The firm performs debt collection and other work for the attorney...more »

Public Offerings
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Attorney: 'Mr. Sandusky Is Innocent'
WGAL LancasterFebruary 2, 2012

The Carlisle attorney questioned whether it would help guarantee a fair trial, considering there's practically a Penn State satellite campus in every county. "Listen, he's entitled to be tried in the counties in which he's accused, just like anybody ...more »

Debt Settlement
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Credit Corp Group: Good momentum, but still a risky proposition
The Motley FoolFebruary 3, 2012

Settlement of a shareholder class action (with majority of costs being paid by the company's insurer). This was due to the company failing to promptly disclose certain matters regarding its profitability and breaching continuous disclosure obligations ...more »

Reorganizations & Restructuring
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Santa Fe Alliance restructuring after director leaves
Bizjournals.comFebruary 7, 2012

In a news release, Roy Wroth, president of the Alliance's board of directors, said the organization began a process of reorganizing and restructuring this winter. “Nonprofit organizations must continuously evolve to meet changing community needs,” ...more »

Directors' & Officers' Liability
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Three States to Require Insurers to Disclose Climate-Change Response Plans
New York TimesFebruary 2, 2012

Andrew Logan, the director of Ceres's insurance program, said Wednesday that the insurance industry “is distinguished by poor disclosure on this issue.” He added, “To me it is a continuing surprise that an industry that is so obviously affected by this ...more »

State & Minicipal Bonds
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Ask a business expert: Accept plastic? Beware of new law
Florida TodayFebruary 2, 2012

There is a new reporting requirement which affects businesses that accept credit or debit cards. / FLORIDA TODAY/file QUESTION: Are there any tax law changes that my small business needs to be particularly aware of this year?more »

False Advertising
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Dubious Android apps may not be malware--just ads
CNETFebruary 1, 2012

by Elinor Mills February 1, 2012 1:21 PM PST Follow @elinormills This is one of the Android apps that Symantec labeled as "malware" but which ICSA Labs says is really just an ad-based app. It's an easy mistake to make, according to Roger Thompson, ...more »

Trade Associations
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China Accused of Unfair Trade in Auto Parts
Youngstown Business JournalFebruary 1, 2012

"But, we're at risk of this progress being undercut if we allow China to continue cheating trade laws." Brown, along with Democratic US Sens. Robert Casey of Pennsylvania and Debbie Stabenow of Michigan, joined members of the trade group and ...more »

Federal Contracts
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Federal jury deals setback to large Justice Department sting operation
Washington PostFebruary 1, 2012

A federal jury in the District this week acquitted two men and were unable to reach a verdict against three others on charges that they tried to bribe foreign officials to win business — the latest courtroom setback for the Justice Department in its ...more »

Unfair Competition
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Judge Rules Stubhub Did Not Inflate Ticket Prices
Courthouse News ServiceFebruary 17, 2012

By CHRIS MARSHALL SAN FRANCISCO (CN) - A federal judge dismissed a case accusing Stubhub of inflating ticket prices to Philadelphia Phillies' games. Joseph Faboozi sued Stubhub under Pennsylvania's ticket statute and California's unfair competition law ...more »

Federal Grants
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Several assistance options now available for those affected by tornadoes
Clanton AdvertiserFebruary 2, 2012

The Federal Emergency Management Agency will provide assistance in the form of grants for temporary housing, basic home repairs and other serious disaster-related needs. Registration is the first step toward receiving assistance and can be done online ...more »

Venture Capital
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Venture capital investments in Midwest health care companies rose in 2011 vs. 2010
Crain's Cleveland BusinessFebruary 1, 2012

Venture capital investments in health care companies in the Midwest were up in 2011 from 2010, but still lagged a pre-recession peak set in 2007. So reports Cleveland-based biomedical assistance group BioEnterprise Corp. in its latest Midwest Health ...more »


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