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

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Huckster Propaganda: Voice of San Diego gets a taste of its own fact check
San Diego CityBEATFebruary 1, 2012

If in certain contexts it characterizes (and trumpets) advertising as a form of support, it should not turn around and deny that advertising is support. The claim is false. The question, however, is whether there are aggravating factors.more »

Gay marriage critics, supporters argue religious liberties, equal rights at ...
Washington PostFebruary 1, 2012

The Judicial Proceedings Committee hearing marked this year's first public debate on legislation to legalize same-sex unions, a measure introduced by Gov. Martin O'Malley last week. O'Malley, a Democrat, argued that the bill will grant necessary legal...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31 (Bloomberg) -- The US Department of Agriculture has withdrawn a plan requiring companies doing business with the agency to certify that their subcontractors are meeting labor laws, after groups including the Chamber of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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APNewsBreak: SLED probes pension influence report
Daily CometFebruary 2, 2012

By JIM DAVENPORT AP COLUMBIA, SC - The head of South Carolina's State Law Enforcement Division has confirmed to The Associated Press his agency is investigating a report that investment companies were told they could improve their chances of handling ...more »

Antitrust Law, Domestic
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People & Achievements in the greater Ann Arbor area, including Logic Solutions ...
AnnArbor.comFebruary 2, 2012

Suzanne L. Wahl and Jessica Sprovtsoff, both previously associates with Miller Canfield in Ann Arbor, joined Schiff Hardin as associates in the Antitrust and Trade Regulation Group. Four paralegals and two administrative assistants also joined Schiff ...more »

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Court date approaches for notorious Call of Duty lawsuit
Globe and Mail (blog)February 1, 2012

At the beginning of March 2010 the big story on most gamers' minds was the sudden departure of founders Vince Zampella and Jason West from Infinity Ward, the studio that gave birth to the blockbuster Call of Duty franchise. Activision, the company that ...more »

Gaming Law
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Mohawk Elected Government and Traditional Longhouse Council in Casino Rift
Indian Country Today Media Network.comFebruary 2, 2012

The St. Regis Mohawk Tribe's chiefs posted a statement on the tribe's website January 27 announcing that the St. Regis Tribal Gaming Commission issued a cease and desist order to the Three Feathers Casino on January 20, ordering the facility to stop ...more »

Banking Law
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Fighting to prevent ID theft
St. George Daily SpectrumFebruary 1, 2012

One way a person can protect themselves from these kinds of online crimes is to carefully review your emails. The bank or credit card company email address will be legitimate, Hanson said. In addition, many of these emails also contain spelling and ...more »

Government Construction Contracts
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At a press conference about transparency, Speaker Quinn puts on a poker face
Capital New YorkFebruary 1, 2012

By Dana Rubinstein At a press conference to announce two bills that would make city government more transparent, City Council Speaker Christine Quinn obfuscated. To be precise, Quinn declined to take a position on a proposed reform of the state pension ...more »

Business Formation
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Navistar Faces EPA Fines of Up To $2000 Per Heavy-Duty Engine
BusinessWeekFebruary 1, 2012

The Environmental Protection Agency issued an emergency rule yesterday on fines for truck-engine makers that don't meet federal nitrogen oxides standards, without naming the company. Transport Topics reported that the regulation applied to Navistar.more »

Institutional Investing
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APNewsBreak: SLED probes pension influence report
Daily CometFebruary 2, 2012

By JIM DAVENPORT AP COLUMBIA, SC - The head of South Carolina's State Law Enforcement Division has confirmed to The Associated Press his agency is investigating a report that investment companies were told they could improve their chances of handling ...more »

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Kan. plan: Allow illegal immigrants to stay, work
Boston.comFebruary 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 »

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 »

Commercial Bankruptcy
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Kan. plan: Allow illegal immigrants to stay, work
Boston.comFebruary 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 »

Internal Investigative Services
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Prominent Former Federal Prosecutors Rita Glavin and Michael Considine Join ...
MarketWatch (press release)February 1, 2012

NEW YORK, Feb 01, 2012 (BUSINESS WIRE) -- The former head of the Department of Justice's Criminal Division, and the longtime chair of the white-collar practice at a leading national law firm have joined Seward & Kissel LLP, the firm announced.more »

Commercial Leasing
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13% decrease reported in Tyler crime
KETKFebruary 1, 2012

Two types of crimes were tracked by the department. Part 1 Crimes described by Uniform Crime Reporting as Homicides, Sexual Assaults, Robberies, Aggravated Assaults, Burglaries (commercial & residential), Thefts and Stolen Vehicles.more »

International Transactions
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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 »

Communications & Media
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Ramsay Reaches Settlement With Father-in-Law, Dropping Claims
BusinessWeekFebruary 1, 2012

“We can confirm that Gordon Ramsay and Gordon Ramsay Holdings have reached a settlement with Chris Hutcheson and other members of the Hutcheson family,” Gordon Ramsay Holdings said today in an e-mailed statement via Freud Communications.more »

Newton store seeks beer, wine license
Boston.comFebruary 19, 2012

As Star Market attempts to take advantage of the new state law, it is encountering resistance. Earlier this month, the Marshfield Board of Selectmen voted to deny the supermarket chain a beer and wine license. Under the law, signed by Governor Deval ...more »

Construction & Development
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Austin Car Accident Lawyer Says Texas Needs To Crack Down On Drunk Driving And ... (press release)February 1, 2012

“At a time when the nation as a whole is seeing drunk-driving fatalities decrease, Texas is bucking that trend with more and more traffic accident deaths caused by impaired motorists,” said Richardson, the founder of The Bob Richardson Law Firm.more »

Locating Funds
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Lieberman, Cantor defend Capitol Hill's inside traders
SalonFebruary 2, 2012

A spokesperson for the Chamber said that the group has not taken a position on the STOCK Act. The Managed Funds Association lists influential investment firms and banks, such as Goldman Sachs, Bank of America, Citigroup, JP Morgan Chase, ...more »

Contracts Involving State & Minicipality
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FSA issues guidance on how businesses can avoid using unfair contract terms
Out-Law.comFebruary 1, 2012

The financial services regulator said that businesses that specify "a valid reason" within contracts for why they have the right to alter those terms are "less likely" to be drafting unfair contractual provisions. Similarly, if a contract stipulates ...more »

Mergers, Acquisitions & Divestitures
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Carolinas Corporate Update
JD Supra (press release)February 14, 2012

Colville Capital and its portfolio company McCoy Holdings, an industrial distributor of fluid connectors, fluid power equipment and related products, in the add-on acquisition of Fluid Connector Products. • Copeley Capital in its divestiture of ...more »

Corporate Finance & Taxation
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Europe's CFOs Try to Ride Currency Winds
Wall Street Journal (blog)February 1, 2012

The CFO Report provides original real-time reporting, analysis and commentary on news and trends of critical importance to chief financial officers and other senior corporate finance executives: accounting, tax, regulation, capital markets, banking, ...more »

Mortgages & Foreclosures
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Missouri's Top Ten Scams for 2011
Kansas City infoZineFebruary 1, 2012

“Federal laws limit how far debt collectors can go to pursue debt,” Koster said. “Your best protection against harassing and abusive calls from debt collectors is to know your rights. The Federal Trade Commission provides a debt collection guide for ...more »

Creditor's Rights
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Greenberg Traurig Hit With Suit Alleging Fraud, Breach of Fiduciary Duty
The American LawyerFebruary 2, 2012

An investor in a now-bankrupt California private mortgage broker and real estate loan provider claims in a potential class action brought against Greenberg Traurig that the firm, acting as the broker's counsel, helped hatch a fraudulent scheme that ...more »

Non-Profit Corporations
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ANN ARBOR: Bethany Steffke Sweeny named to board at SafeHouse Center
Heritage NewspapersFebruary 4, 2012

Sweeny also provides employers with general advice regarding employment law issues and litigation avoidance. Sweeny currently serves as corporate counsel for the Detroit Parent Network, a Detroit nonprofit organization whose mission is to strengthen ...more »

Customs Disputes
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Attorney says immigration status not an issue
Salina.comFebruary 1, 2012

Attorney Roger Falk, who represents Birger Draget, said he contacted officials at US Immigration and Customs Enforcement to determine what the consequences would be of an expired visa for Draget, a Norwegian citizen who has lived in the United States ...more »

Professional Corporations
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Pomerantz Law Firm Has Filed a Class Action Against Columbia Laboratories Inc ...
MarketWatch (press release)February 1, 2012

The class action, filed in United States District Court, District of New Jersey, is on behalf of a class consisting of all persons or entities who purchased Columbia securities between December 6, 2010 and January 20, 2012, inclusive (the "Class ...more »

Debt Collection
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AMR Poised to Start Labor Talks With 10000 Job Cuts Possible
BusinessWeekFebruary 1, 2012

s American Airlines is preparing to offer union employees contracts today that probably will eliminate more than 10 percent of jobs and freeze pensions as the third-largest US carrier pares spending in bankruptcy. As many as 15000 jobs may be cut, ...more »

Public Offerings
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State says Marlborough City Council violated Open Meeting Law
MetroWest Daily NewsFebruary 2, 2012

City Councilors say the move wasn't one to skirt public scrutiny — the Finance Committee posted the meeting, which was televised on cable access. The Attorney General's office found that the misstep wasn'ta deliberate violation of the Open Meeting Law ...more »

Debt Settlement
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Leagle.comFebruary 1, 2012

Harold Boosahda appeals the district court's award of summary judgment to Providence Dane LLC ("Providence"), on his claims brought under the Fair Debt Collection Practices Act (the "FDCPA"), 15 USC § 1692, et seq. See Boosahda v.more »

Reorganizations & Restructuring
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DSP Group, Inc. Reports Fourth Quarter 2011 Results
MarketWatch (press release)February 1, 2012

... of acquired intangible assets of $2495000 associated with the acquisition of NXP's CIPT business; equity-based compensation expenses of $2211000; and restructuring expenses of $69000 associated with the reorganization of our operations.more »

Directors' & Officers' Liability
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Benson, Bertoldo, Baker & Carter Now Offering Legal Consultations Free of ...
PR Web (press release)February 1, 2012

... the law firm Benson, Bertoldo, Baker & Carter have announced that they will now be offering free legal consultations for victims of auto accidents and their family members in Las Vegas and surrounding areas following fatal car accident in Mesquite, ...more »

State & Minicipal Bonds
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Sloan, Bagley, Hatcher & Perry Law Firm Expands Houston Focus with New Office ...
Business Wire (press release)February 1, 2012

HOUSTON--(BUSINESS WIRE)--Sloan, Bagley, Hatcher & Perry Law Firm (The Sloan Firm, has expanded its Houston presence with the relocation of associate J. Ryan Fowler from Longview, Texas, and the lease of larger offices at 3000 Smith ...more »

False Advertising
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Indiana poised to enter right-to-work era as unions prep protest amid Super ...
Washington PostFebruary 1, 2012

INDIANAPOLIS — State lawmakers were poised Wednesday to pass legislation that would make Indiana the Rust Belt's first right-to-work state and prohibit labor contracts requiring workers to pay union representation fees. Meanwhile, union protesters ...more »

Trade Associations
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CME Misses Estimates,Sets Customer Protection Fund
Advanced TradingFebruary 2, 2012

The tax break allows CME to count less than a third of its trading income as taxable under state law, versus 100 percent previously. Excluding that benefit, and $30 million in losses related to the MF Global bankruptcy, CME earned $3.55 per share in ...more »

Federal Contracts
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OutSystems Brings Platform as a Service Capability to the US Army
MarketWatch (press release)February 1, 2012

SAN RAMON, Calif., Feb 01, 2012 (BUSINESS WIRE) -- OutSystems, provider of the industry-leading Agile Platform application development environment, announced today a contract with the United States Department of Defense to aid the Army's pursuit of ...more »

Unfair Competition
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EU's Almunia wants to target aided energy firms, telcos
Reuters UKFebruary 2, 2012

| BRUSSELS (Reuters) - EU competition regulators will simplify state aid rules allowing them to better target telecoms, energy and transport companies that enjoy unfair subsidies and tax advantages, the EU antitrust chief said on Thursday.more »

Federal Grants
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US says Credit Suisse traders falsified subprime books
Reuters UKFebruary 1, 2012

By Grant McCool | NEW YORK (Reuters) - Several former Credit Suisse traders manipulated the books on mortgage-backed securities when the US real estate market slumped in 2007 and 2008, a former London-based trader at the investment bank admitted in ...more »

Venture Capital
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Life Sciences Venture Funding Jumps 21% in 2011 but Quarterly Performance ...
MarketWatch (press release)February 2, 2012

2, 2012 /PRNewswire via COMTEX/ -- Venture capital (VC) funding in the Life Sciences sector, which includes the Biotechnology and Medical Device industries, increased 21% during 2011, according to a new PwC US report, "Zigzagging Upward," that includes ...more »


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