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

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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 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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Proposal from Kan. business groups goes against immigration guru's national ...
Washington PostFebruary 1, 2012

An architect of state and local laws cracking down on illegal immigration is a leading Republican officeholder in Kansas, but business groups in his home state are asking legislators to move in the opposite direction by starting an unusual program ...more »

Foreign Investments
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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 »

Antitrust Law, Domestic
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Rising regulatory risk squashing M&A deals, say advisers
ReutersFebruary 2, 2012

Lawyers and bankers expect deal-making in the UK to be hit even harder by this aspect in future. "I would not be surprised if in 2012 that percentage comes out even higher," said Ajal Notowicz, head of M&A at UK-based law firm Dickson Minto.more »

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Roethlisberger, not Manning might have started Super Bowl 46
USA TODAYFebruary 1, 2012

... might have been starting Super Bowl XLVI against Tom Brady and the Patriots, if then-Giants GM Ernie Accorsi hadn't kept his cool and stuck to his conviction in eventually landing the franchise's face in a blockbuster, April 2004 trade.more »

Gaming Law
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Casino developer seeks injunction over preference for Indian tribe
Boston GlobeFebruary 1, 2012

The law “is not keeping KG Urban from being able to apply,'' said Kenneth Salinger, assistant attorney general, representing the state. “Nobody can apply.'' At issue in the case is language in the casino law that forestalls open bidding for a ...more »

Banking Law
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Feinstein begins to replenish campaign account
San Francisco ChronicleFebruary 1, 2012

Durkee is facing a federal mail-fraud charge. Feinstein, who is a heavy favorite to win her fourth full term in the Senate, quickly replenished her campaign, loaning it $5 million. In all, her campaign has about $6.6 million in the bank, ...more »

Government Construction Contracts
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More than 90 projects worth billions to be farmed out by April
Malaysia StarFebruary 4, 2012

By RISEN JAYASEELAN and SHARIDAN M. ALI After some dithering, the construction of the My Rapid Transit (MRT) project is moving into higher gear. The two major contracts awarded by MRT Co last week that totalled some RMl.6bil is proof that things are ...more »

Business Formation
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USDA Withdraws Rule Requiring Proof of Labor-Law Compliance
BusinessWeekFebruary 1, 2012

31 (Bloomberg) -- The US Department of Agriculture has withdrawn a plan requiring companies doing business with the agency to certify that their subcontractors are meeting labor laws, after groups including the Chamber of Commerce complained.more »

Institutional Investing
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The Carlyle IPO
Point of LawFebruary 6, 2012

By Ted Frank on February 6, 2012 8:33 AM Years ago, Harvard Law professor Hal Scott suggested that New York financial markets could regain competitiveness by permitting securities issuers to opt out of the enormously wasteful securities litigation scam ...more »

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2 get probation in kickback scheme
Roanoke TimesFebruary 1, 2012

By Laurence Hammack A father- and son-in-law were placed on probation Tuesday for paying kickbacks to assure their plumbing business got work at nursing homes owned by Roanoke-based Medical Facilities of America. Donald R. Holland, 75, ...more »

Making the law an 'ass' in Kogi
BusinessDayFebruary 1, 2012

Following the Supreme Court ruling last Friday sacking five governors, various shades of interests had moved swiftly to make a huge capital out of the legal pronouncement. Although five states (Adamawa, Cross River, Sokoto, Bayelsa and Kogi) lost their ...more »

Commercial Bankruptcy
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Chrysler Posts First Full-Year Profit, Raises Revenue Forecast
Wall Street JournalFebruary 1, 2012

By JEFF BENNETT DETROIT—Chrysler Group LLC reported a fourth-quarter and full-year profit for the first time since emerging from bankruptcy in 2009 as the auto maker increased its world-wide shipments of new vehicles and nabbed a bigger piece of the ...more »

Internal Investigative Services
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Franklin Co. official appears in court in Pasco
TheNewsTribune.comFebruary 4, 2012

In addition to investigations being conducted by state offices, a separate internal county investigation also is being conducted. On Thursday, Pasco police searched Huston's home in Pasco and served search warrants at the county's Public Works building ...more »

Commercial Leasing
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In South Jersey, some optimism in commercial real estate market
Cherry Hill Courier PostFebruary 1, 2012

The closure of the Syms store in Cherry Hill is among the changes in the commercial real estate landscape in the township. / Jose F. Moreno Courier-Post file VOORHEES — After four tough years, the commercial real estate market in South Jersey is ...more »

International Transactions
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US Senators weigh further measures on Iran sanctions
Emirates 24/7February 1, 2012

The broad package of measures were aimed at further constricting oil revenues that lawmakers say Tehran was using to develop nuclear weapons, and were designed to build on tough banking sanctions that became law on Dec 31. Top US intelligence chiefs ...more »

Communications & Media
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Investor relations in the age of social media: Communication, PR & private ...
Stockopedia (blog)February 1, 2012

Much is written and commented on by Private Investors and industry journalists about what is the right balance of communication for small caps. Some believe that fundamentals will pull through and that companies should be left alone to deliver results.more »

Are You Compliant? State Regulators Release SAFE Act Examination Guidelines
Reverse Mortgage DailyFebruary 8, 2012

Mortgage regulators now have SAFE Act Examination Guidelines (SEGs) with which to monitor and ensure mortgage loan originators are properly licensed and registered in the states where they are doing business. The Multi-State Mortgage Committee under ...more »

Construction & Development
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Lawyers spar over CJ loan
Philippine StarFebruary 1, 2012

Defense lawyer Ramon Esguerra said they have established that Corona's wife Cristina was a recipient of a check worth P34.703 million put in trust under Basa Guidote Enterprises Inc. (BGEI), which is owned by her family. “It would appear that in the ...more »

Locating Funds
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Pennsylvania's Largest Charter School May Close as Nearby School District ...
Big GovernmentFebruary 3, 2012

From those funds, the school district is legally obligated to pass along the per-pupil amount it owes to the local charter schools, as determined by the number of students attending each charter. The traditional school districts act as the middle man ...more »

Contracts Involving State & Minicipality
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Vernon Verjinsky column: Are we being misled by governor?
Wisconsin Rapids TribuneFebruary 1, 2012

Furthermore, if no change takes place in the make-up of the state Assembly, Senate or governor's office, I see a bill being introduced that would prohibit a county from doing any road-building work for any municipality regardless of population size.more »

Mergers, Acquisitions & Divestitures
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Department of Justice signs off on International Paper's purchase of Temple-Inland
Lufkin Daily NewsFebruary 10, 2012

After rejecting a bid in June, Temple-Inland stockholders overwhelmingly approved a $4.3 billion merger agreement with Memphis-based International Paper during a December meeting. Posted: Friday, February 10, 2012 1:29 pm | Updated: 1:46 pm, ...more »

Corporate Finance & Taxation
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Saratoga Springs contractor charged with tax fraud
Glens Falls Post-StarFebruary 1, 2012

He was charged with four counts of offering a false instrument for filing, three counts of third-degree tax fraud and one count each of fourth-degree tax fraud and violating tax laws, according to State Police. All are felonies.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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Demise of Metcalf Paving tied to unproven claims of 'dishonest actions' by ...
Waterbury Republican AmericanFebruary 6, 2012

After filing for bankruptcy court protection while attempting to reorganize under Chapter 11 of the US bankruptcy code in October 2009, the company saw its case converted to a Chapter 7 liquidation in February 2011, leaving creditors to fight over the ...more »

Non-Profit Corporations
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North Carolina group's lawsuit eyes America's Cup bid
Bellingham HeraldFebruary 1, 2012

If that isn't enough, the nonprofit African Diaspora Maritime Corp. wants to do it all while teaching about and promoting yacht racing - a notoriously white sport - to black youth as a catalyst to spur interest in technology, science and math, ...more »

Customs Disputes
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Acta goes too far, says MEP
The GuardianFebruary 1, 2012

In an exclusive interview with the Guardian, Kader Arif – a member of the European Parliament's international trade group, who was the lead negotiator over Acta – said that despite talks over the agreement having begun in 2007, "the European Parliament ...more »

Professional Corporations
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Marley Coffee Takes Flight with Golden Krust at Newark Liberty International ...
MarketWatch (press release)February 3, 2012

Golden Krust, in Terminal A between Gates A20-28 and A30-39 prior to security, is among the busiest Golden Krust franchise locations. Marley Coffee is now being served to Golden Krust customers from branded brewers and dispensers in a bright and sunny ...more »

Debt Collection
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Persolvo Data Systems Experiences Record Growth in 2011
MarketWatch (press release)February 2, 2012

IRVINE, Calif., Feb 02, 2012 (BUSINESS WIRE) -- Persolvo Data Systems, a leading provider of web-based settlement software and analytics tools designed to locate, identify and settle accounts enrolled in debt settlement programs, announced today that ...more »

Public Offerings
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APNewsBreak: DA warns Kansas lawmakers to keep records as he investigates ...
Washington PostFebruary 3, 2012

Sam Brownback to preserve records and electronic files about gatherings at his official residence as “potentially relevant evidence” in an investigation into a newspaper's complaints that the sessions violated the state's open meetings act.more »

Debt Settlement
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Duffuor Fights Betty
Modern GhanaFebruary 1, 2012

'By a letter dated 31 st March, 2010, the Honourable Attorney-General informed this ministry that a settlement had been reached with Mr Woyome and requested the ministry to pay two percent of the amount claimed (€1106470587.00).more »

Reorganizations & Restructuring
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The Estee Lauder Companies Reports Strong Second-Quarter Results
MarketWatch (press release)February 3, 2012

The fiscal 2012 second quarter results included returns and charges associated with restructuring activities of $6.1 million ($4.4 million after tax), equal to $.01 per diluted common share. The fiscal 2011 second quarter results included returns and ...more »

Directors' & Officers' Liability
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Council, public weigh in on new police contract
Pleasanton WeeklyFebruary 1, 2012

by Jeb Bing The Pleasanton City Council moved forward last night toward approving a new contract with the Pleasanton Police Officers' Association that requires members for the first time in a decade to contribute directly to their own retirement plan.more »

State & Minicipal Bonds
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Gov. Sam Brownback says lawmakers were warned about open meetings law
Dodge City Daily GlobeFebruary 1, 2012

Sam Brownback's official residence did not violate the state's open meetings law because he was careful to admonish those attending to avoid discussing legislative business, Brownback's chief counsel said. Brownback invited Republicans from 13 ...more »

False Advertising
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Advertising Standards Agency upholds TripAdvisor complaint
Caterer and HotelkeeperFebruary 1, 2012

The Advertising Standards Agency (ASA) has this week announced that it is upholding the complaint that TripAdvisor's advertising messages about the trustworthiness of its reviews were misleading. Online reputation management firm Kwikchex, ...more »

Trade Associations
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Congressional Insider Trading Ban Exempts Lobbyists
Kansas City infoZineFebruary 1, 2012

Washington, DC - infoZine - The Washington Post reports: "Congress' low approval ratings have sparked a rare instance of bipartisanship, as both parties are rushing to pass a bill that would make it clear that insider trading laws apply to lawmakers.more »

Federal Contracts
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50000 state workers still without a contract
Albany Times UnionFebruary 2, 2012

Thanks to a state law known as the Triborough Amendment, many of the existing conditions in public employee labor contracts remain in place when the old agreement expires. Thus workers can still get the same health insurance and other benefits such as ...more »

Unfair Competition
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JPMorgan, Smith & Nephew, Dresdner, GE Capital, Fidelity in Court News
BloombergFebruary 7, 2012

In her lawsuit, filed in 2009, Luquetta claimed JPMorgan engaged in “unfair, deceptive and unconscionable” assessment and collection of overdraft fees. Her complaint also refers to the practices of Washington Mutual Inc., which JPMorgan bought in 2008.more »

Federal Grants
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Rahall talks grant opportunities for firefighters
Parkersburg NewsFebruary 1, 2012

PARKERSBURG - The Federal Emergency Management Agency under the Department of Homeland Security is taking applications for grants supporting local fire departments' to improve emergency response. FEMA will award $380 million from the Staffing for ...more »

Venture Capital
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Valley VCs continue to worry
The Deal PipelineFebruary 2, 2012

by Olaf de Senerpont Domis | Published February 1, 2012 at 4:36 PM Confidence among Silicon Valley venture capitalists declined for the third quarter in a row, revealing continued concerns among private investors for the near-term future of startups in ...more »


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