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

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The US Treasury is Aiming to Lower the Foreign Account Tax Compliance Act ...
San Francisco Chronicle (press release)February 1, 2012

Ideal Tax Solution is amongst these companies broadening their horizons to assists all Americans tax problems. The US Treasury discussed a few months ago, possibly working with the FATCA (Foreign Account Tax Compliance Act) to lower the standards on it ...more »

Dallas-based Breast Cancer Group Drops Support of Planned Parenthood
KUT NewsFebruary 1, 2012

Planned Parenthood clinical assistant Nicki Bailey discusses the new abortion laws with a patient in Austin. Photo by Eric Schlegel, Texas Tribune by Emily Ramshaw, The Texas Tribune The Dallas-based breast cancer prevention group Susan G. Komen for ...more »

Business Law News and Stories

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31 (Bloomberg) -- The US Department of Agriculture has withdrawn a plan requiring companies doing business with the agency to certify that their subcontractors are meeting labor laws, after groups including the Chamber of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

Foreign Investments
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IP: is MegaUpload the most important case you've never heard of?
ChiefOfficers.NetFebruary 1, 2012

If for nothing else, the Megaupload case is important for establishing the use of public officials to protect private, commercial, rights. The film, music and software industries are so vital to the USA's otherwise flagging economy that it has used ...more »

Antitrust Law, Domestic
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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 »

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Electric bills start to reflect hike
Pueblo ChieftainFebruary 1, 2012

The changes also affect franchise fees and sales taxes. Excluding franchise fees and taxes, the typical residential bill (using 600 kilowatt hours a month) will increase to $104.64 a month from $87.22 in December. Starting in November, the bill will ...more »

Gaming Law
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John Goodman's adoption ploy bends law's intent
Palm Beach PostFebruary 4, 2012

"It's not the intent of the law," said Charlotte Danciu, a Boca Raton adoption attorney. "Adoption is to create a legal parent-child relationship, not to create a legal relationship." That Goodman adopted Heather Hutchins, his girlfriend of three years ...more »

Banking Law
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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 »

Government Construction Contracts
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Southern Nears Reactor Approvals
Wall Street JournalFebruary 8, 2012

The approval is expected to kick off a new construction cycle that could lead to at least four new reactors going up over the next several years. US nuclear construction has been stalled by safety concerns and cost overruns that followed the Three Mile ...more »

Business Formation
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Netflix says Congress can help bring Facebook app to US
Chicago TribuneFebruary 1, 2012

It's also to Netflix business partners and it's also potentially to law enforcement," Rotenberg said of the House bill's broader implications. Lawmakers also took issue with how the House bill would amend the Video Privacy Protection Act. Senator ...more »

Institutional Investing
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PennantPark Investment Corporation Announces Financial Results for the Quarter ...
MarketWatch (press release)February 8, 2012

All callers should reference PennantPark Investment Corporation. An archived replay of the call will be available through February 23, 2012 by calling (888) 203-1112. International callers please dial (719) 457-0820. For all phone replays, ...more »

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SAS Daniels recruits head of litigation
Manchester Evening NewsFebruary 2, 2012

He specialises in commercial litigation, in particular property, construction and professional negligence claims. His arrival is the latest in a line of hires for SAS Daniels, which aims to become a top 100 UK law firm within five years.more »

Law Offices of Howard G. Smith Announces Class Action Lawsuit Against K12, Inc.
SunHerald.comFebruary 1, 2012

If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, ...more »

Commercial Bankruptcy
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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 »

Internal Investigative Services
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OLAF reorganisation aims to speed up investigations
Europolitics.infoFebruary 1, 2012

By Gaspard Sebag | Wednesday 01 February 2012 The EU's Anti-Fraud Office (OLAF) is looking to reduce the duration of its investigations. To do so, it began to implement, on 1 February, a zero growth internal reorganisation, which seeks to increase the ...more »

Commercial Leasing
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Community Bulletin and Business Briefs
Winter Park/Maitland ObserverFebruary 1, 2012

NAI Realvest negotiated a new lease agreement for 1991 square feet of office space in suite 104 at 1015 Maitland Center Commons Blvd. O,R&L welcomes Trey Vick, executive vice president of Commercial Real Estate Services. Altamonte Springs-based general ...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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Complaint regulations out mid-year
The NationFebruary 2, 2012

The National Broadcasting and Telecommunications Commission is expected to announce in the middle of the year regulations on receiving and considering consumers' complaints regarding radio and TV broadcasting. Its broadcasting consumer protection ...more »

Alice alcohol laws surprise tourist
ABC OnlineFebruary 1, 2012

When the group went to purchase the bottles, Benny's son-in-law offered his driver's licence, but a staff member told him he could not buy the alcohol for the group. "As we were a group, we had to show our passports," says Benny.more »

Construction & Development
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'Stalking horse' emerges in Isaacson bankruptcy
New Hampshire Business ReviewFebruary 1, 2012

While Isaacson has talked to other interested parties, one company has made an oral offer for the operating license and the right to lease the property from the city, according to Monday's filing in US Bankruptcy Court in Manchester.more »

Locating Funds
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New gambling law to help non-profit groups, clubs raise funds
FOX43.comFebruary 3, 2012

A new state law set to go into effect in March gives a boost to area organizations, like volunteer fire departments, American Legion posts and VFW halls, that rely on small games of chance to raise funds. "It's just going to give us more of an ...more »

Contracts Involving State & Minicipality
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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 »

Mergers, Acquisitions & Divestitures
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2012 M&As? Uncertainty ahead.
Washington TechnologyFebruary 1, 2012

By Jean Stack Government services mergers and acquisitions in 2011 started off with a bang but ended with a whimper. Uncertainty in the growth outlook was furthered by the failure of the supercommittee to reach consensus.more »

Corporate Finance & Taxation
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Thompson & Knight Names Emily Parker as Managing Partner
MarketWatch (press release)February 1, 2012

In response to the Tax Court's decision in that case and because of concerns about the potential loss of revenue resulting from the ruling, the US Congress amended the underlying law. "I'm honored to serve the clients and attorneys of Thompson & Knight ...more »

Mortgages & Foreclosures
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Suspect sought in IE foreclosure bank scam
abc7.comFebruary 4, 2012

"Although the laws are getting better and better with regards to real estate fraud, suspects are attempting to find loopholes in the system," said Maurice Landrum, a senior investigator in the Real Estate Fraud Division of the San Bernardino County ...more »

Creditor's Rights
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MF Global customers lose another round
Futures MagazineFebruary 1, 2012

Today, US Bankruptcy JudgeMartin Glenn ruled against the “Sapere Motion” in the MF Global Holdings Ltd. (MFGH) bankruptcy proceeding, which would have administered the case pursuant to Commodity Exchange Act bankruptcy rules and given MF Global Inc.more »

Non-Profit Corporations
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Jack McElroy: Public Records Law is a secret to success
Knoxville News SentinelFebruary 5, 2012

It's a nonprofit organization that is paid from the hotel-motel tax to do work for the city and county. Courts have ruled, though, that if an organization is the "functional equivalent" of a government agency, it is covered by the law.more »

Customs Disputes
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Holder should require Cook County to follow immigration law
Washington ExaminerFebruary 1, 2012

For this reason, federal Immigration and Customs Enforcement officials place detainers on illegal immigrants convicted of crimes. When state and local governments release them from custody, they are placed in the hands of federal officials, ...more »

Professional Corporations
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Mitsubishi Electric Reports Tax Costs Following Revised Corporate Tax Law
MarketWatch (press release)February 2, 2012

Deferred tax assets and liabilities for the first 9 months of fiscal 2012 have been re-evaluated for the reduction of corporate tax rates to be effective as of April 2012, which follows the promulgation in December 2011 of the "Act for Partial Revision ...more »

Debt Collection
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High Tide: From A Whistleblower Crackdown To Toy Laundering
Wall Street Journal (blog)February 1, 2012

(Reuters, LA Times, AP) Hong Kong's banking and markets regulators issued new anti-money laundering regulations after discussing them with industry participants. (Thomson Reuters Accelus Compliance Complete sub req) Saudi Arabia's King Abdullah ...more »

Public Offerings
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Pasadena attorney rethinks public school funding
Pasadena SunFebruary 1, 2012

Molly Munger is an attorney and Pasadena native who for decades has engaged in civil rights campaigns centered on improvement of public schools. She is a sponsor of the Our Schools, Our Future initiative, which would raise taxes – mostly on people ...more »

Debt Settlement
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California Senate approves stricter rules on debt collection
Los Angeles TimesFebruary 1, 2012

Senators approved tougher regulations on the debt collection industry on Tuesday, a move hailed by consumer advocates as an important step toward protecting California residents from unscrupulous collectors. Under the proposal, companies that buy up ...more »

Reorganizations & Restructuring
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International Paper Reports Fourth-Quarter and 2011 Earnings
MarketWatch (press release)February 2, 2012

Special items in the fourth quarter of 2011 included a pre-tax charge of $18 million ($13 million after taxes) for restructuring and other charges, a pre-tax gain of $4 million ($3 million after taxes) for an adjustment to the loss on the sale of our ...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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Kansas Immigration Hardliner Fights Plan to Allow Undocumented Workers
Fox NewsFebruary 1, 2012

The proposal, by business groups, calls for undocumented immigrants to be able to remain in Kansas if they work in jobs in agriculture and other industries that are struggling through labor shortages. Kobach, a former law professor who helped draft ...more »

False Advertising
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Sarah Palin: Mitt Romney's Negative Advertising 'Hurts The Electorate'
MediaiteFebruary 1, 2012

Fox News anchor Megyn Kelly asked Palin about whether Romney's ads led to Gingrich's downfall in the state. “I think again with $17 million purchasing ads in some respects in false narratives, it was very difficult for the other candidates to counter ...more »

Trade Associations
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New legal team joins our improved Car Dealer Club for 2012
Car Dealer MagazineFebruary 7, 2012

No dealer wants to turn away a customer without help, but we all know many can be extremely unreasonable. and it's those unreasonable and demanding customers who quote Sales of Goods act this and trading standards that at you, which our Car Dealer Club ...more »

Federal Contracts
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Court of appeals rules on ship construction contract dispute
International Law OfficeFebruary 1, 2012

"in the Brazilian legal framework there is no legal rule determining that the registration of the vessel construction contract with the respective Maritime Registration Office is a requirement for the validity thereof. The effect of its registration is ...more »

Unfair Competition
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Angry Ryanair spokesperson goes ape at Swedish
JOEFebruary 1, 2012

McNamara: In all cases Ryanair follows the law. There are 27 different countries that we fly to so we're not going to observe the local bureaucrats desire for the way think the world should work. SVT reporter: But, isn't it unfair competition that you ...more »

Federal Grants
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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 »

Venture Capital
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Venture capital exec lists Piney Point Village 6BD
Ultimate MemorialFebruary 3, 2012

Preetish Nijhawan is the managing director at Cervin Ventures, a venture capital firm. Previously, he was the chief financial officer to various software companies such as JME Software, Scalable Software and Neon Enterprise Software.more »


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