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

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Full City: order restored?
International Law OfficeFebruary 1, 2012

The district court had convicted the third officer for violation of the Pollution Act, but acquitted him of the charges under the Ship Safety Act. The prosecution did not appeal the acquittal; consequently, the appeal court considered only whether the ...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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Presidential Campaign Finances
WCTVFebruary 1, 2012

Friends of candidates set up these groups and by law, can raise unlimited dollars to typically run ads blasting an opponent. It includes this ad run by a group supporting former Massachusetts governor Mitt Romney called, "restore our future".more »

Foreign Investments
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California, insurance companies settle suits over investments in Iran
IFAwebnews.comFebruary 1, 2012

“The settlement preserves the department's ability to collect and publish information about insurer investments in companies doing business in Iran, while addressing issues raised about alleged conflicts with federal and state law.more »

Antitrust Law, Domestic
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EU probes Samsung, Germany blocks its tablets
Albany Times UnionFebruary 1, 2012

31, 2012, that neither the South Korean company's Galaxy Tab 10.1 nor the Galaxy Tab 8.9 could be sold in Germany because they were in violation of unfair competition laws. A German appeals court has upheld a decision prohibiting Samsung Electronics ...more »

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Trustwave Simplifies PCI Compliance for Small Merchants
MarketWatch (press release)February 2, 2012

TrustKeeper PCI Manager helps merchants, from local shipping stores to franchise restaurants, protect their customers from theft and fraud and avoid fines and penalties. For acquirers, the financial institutions that process merchant card payments, ...more »

Gaming Law
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Unusual Super Bowl stats and gambling guidelines
KVOA Tucson NewsFebruary 3, 2012

"Our intention is not to make criminals out of law-abiding people. If two people are sitting around their house or apartment and want to bet $10 on a game and no one else is benefiting from that, that's okay." Federal and state laws prohibit gambling.more »

Banking Law
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Man pleads guilty to scamming Navy Federal Credit Union
The Virginian-PilotFebruary 1, 2012

Jady M. Brooks, 39, of Atlanta, pleaded guilty in US District Court to bank fraud and filing a false tax return. He remains free on bond pending sentencing May 7. In 2008 and 2009, Brooks obtained 38 car loans totaling $1.5 million for cars that were ...more »

Government Construction Contracts
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Salt Lake County veteran picked to run purchasing division
Salt Lake TribuneFebruary 2, 2012

By Mike Gorrell In just one day last week, Salt Lake County's purchasing team signed contracts for survival body armor for law enforcement, catering services for the soon-to-open Millcreek community center and furniture for a West Jordan library.more »

Business Formation
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Dunn strove to instill ethical behaviour at Nortel, lawyer tells court
Globe and MailFebruary 1, 2012

Former Nortel Networks Corp. chief executive officer Frank Dunn strove to create a culture of ethical behaviour at the telecommunications company, his lawyer suggested Wednesday. Lawyer David Porter, who is representing Mr. Dunn at his fraud trial in ...more »

Institutional Investing
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Duke Street takes stake in legal market
CITY A.M.February 7, 2012

Duke Street's investment, which means it owns just over 50 per cent of Parabis, values the company at £150m-£200m. Parabis, which trades through companies including Cogent Law and Plexus Law, applied for alternative business structure (ABS) status when ...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 »

ATP Closes $25 Million Overriding Royalty Interest Sale, Updates Telemark ...
MarketWatch (press release)February 2, 2012

Similar to previous overriding royalty interests sold by ATP, the purchaser will receive a designated portion of the revenues produced at the Gomez Hub in the Gulf of Mexico until obtaining the amount of their investment plus a designated return.more »

Commercial Bankruptcy
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Alabama immigration law sponsor disagrees with study that finds 2011 bill ... (blog)February 1, 2012

Kerry Rich, R-Albertville, and Micky Hammon, R-Decatur, after signing into law what critics and supporters are calling the strongest bill in the nation cracking down on illegal immigration, on Thursday June 9, 2011 at the state Capitol in Montgomery.more »

Internal Investigative Services
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Detectives' mistakes lead to reassignment, internal reviews
Colorado Springs GazetteFebruary 3, 2012

Whether Losasso faces official discipline depends on an internal-affairs investigation initiated last month. Maketa will also determine whether action is warranted against Jaworski. While pledging to hold his deputies to account, Maketa praised ...more »

Commercial Leasing
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Commercial burglaries, robberies up last year
Forest Park ReviewFebruary 1, 2012

Overall, comparing the past ten years of Illinois State Police statistics, the incidences of reported crime in Forest Park seem to have dipped in 2010 and then floated back up in 2011. Specifically, ten commercial burglaries took place in 2011, ...more »

International Transactions
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Peace Now wants Baker removed from outpost committee
Jerusalem PostFebruary 2, 2012

By JOANNA PARASZCZUK AND TOVAH LAZAROFF 02/02/2012 04:51 Group takes issue with former Foreign Ministry legal adviser's connection with a pro-settler group. By REUTERS/Ronen Zvulun Peace Now on Tuesday asked Attorney-General Yehuda Weinstein to bar ...more »

Communications & Media
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Why Al Franken's Senate subcommittee should give Netflix a hard time about ...
Capital New YorkFebruary 1, 2012

By William McGeveran When should the law allow providers of books, periodicals, movies, and music to post information about your media diet in social networks such as Facebook? Should Netflix ask you about each particular movie?more »

For trademark licensors, quality-control provisions can prove risky
The National Law JournalFebruary 1, 2012

On the other hand, quality-control provisions that are too onerous or detailed present the risk that the trademark licensor will suffer a tort/products liability exposure for defective goods or services offered by their licensee.more »

Construction & Development
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ESCONDIDO: City wants labor union removed from voting-rights lawsuit
North County TimesFebruary 1, 2012

Attorneys for Escondido have filed a motion seeking to remove a construction labor union as a plaintiff in a voting-rights lawsuit that says city elections discriminate against Latinos. The motion doesn't challenge the main thrust of the case ---- that ...more »

Locating Funds
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Connecticut Set to Boost Charter Funds
Wall Street JournalFebruary 6, 2012

The state Legislature's session is expected to focus heavily on education. Charter schools have been a particularly thorny issue in Connecticut because of state laws that limit how many students can attend them and gave the schools less funding than ...more »

Contracts Involving State & Minicipality
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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 »

Mergers, Acquisitions & Divestitures
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Canadian Mid-Market M&A Firm Receives Prestigious Awards (press release)February 12, 2012

Oakville, Canada, February 12, 2012 --( Corporate Finance Associates (CFA), a leading middle market mergers and acquisitions (M&A) firm, announced today that Office of the Year is awarded to CFA Oakville (Toronto), Ontario.more »

Corporate Finance & Taxation
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New business tax on the cards 1, 2012

SA businesses, operating in a difficult economic environment with already stifling costs of doing business have “their backs to the wall” and can ill-afford an additional administrative and financial cost, says the opposition.more »

Mortgages & Foreclosures
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Homeowners' Associations: Hold Banks Responsible
Orlando Sentinel (blog)February 3, 2012

Legislators create laws that force private folks buying property at foreclosure to be liable for every penny owed to associations, including legal fees and late fees. But a bank taking over property at foreclosure is only liable for the lesser of 12 ...more »

Creditor's Rights
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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 »

Non-Profit Corporations
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Legislature revises tourism plan;'the legislators heard the public'
The River ReporterFebruary 3, 2012

Over the past 12 years, the SCVA has built up the membership of the organization from 100 to 300 members, and one concern about the proposed RFP was whether the members would automatically sign up with the new nonprofit organization, ...more »

Customs Disputes
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Deportation Factory
Salt Lake City WeeklyFebruary 1, 2012

Before Immigration and Customs Enforcement came knocking at 6 am on Sept. 29, 2010, the Oseguera family was the embodiment of the immigrant American dream. Ramiro Oseguera Sr. had brought his wife and five children, including Ramiro Jr., then 5, ...more »

Professional Corporations
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American Tower Corporation Announces 2012 Annual Meeting Date
Business Wire (press release)February 1, 2012

Further, under American Tower's advance notice provisions in its Amended and Restated By-Laws, if a stockholder wants to submit a proposal for the 2012 Annual Meeting for presentation at the meeting pursuant to Delaware corporate law (as opposed to ...more »

Debt Collection
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RI gov seeks $400K more for Central Falls receiver
Atlanta Journal ConstitutionFebruary 1, 2012

By ERIKA NIEDOWSKI AP PROVIDENCE, RI — The cost of the state-appointed receiver and legal fees related to bankruptcy proceedings in the Rhode Island city of Central Falls is nearly $400000 more this fiscal year than budgeted, and the total spent on ...more »

Public Offerings
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Kitzhaber names 2 judges to Marion County Circuit Court
Statesman JournalFebruary 1, 2012

As associate attorney general, he is the third-ranking official in the agency and part of the executive team for Attorney General John Kroger. He also is chief counsel for the General Counsel Division, whose lawyers provide advice to state agencies.more »

Debt Settlement
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Northrop Grumman Reports Strong Fourth Quarter and 2011 Financial Results
MarketWatch (press release)February 1, 2012

(2) Adjustment to 2010 EPS for 1) $298 million tax benefit for IRS settlement in Q2 2010 and 2) $229 million pre-tax charge for debt redemption in Q4 2010. Fourth quarter 2011 operating income increased $124 million or 18 percent, and as a percent of ...more »

Reorganizations & Restructuring
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American Airlines to lay out cuts to unions, may send jobs overseas
Gant DailyFebruary 1, 2012

While reportedly saying that American did not want to close any of its hubs and that it wants to remain an independent airline instead of being merged into another airline during the ongoing reorganization process stemming from its Nov.more »

Directors' & Officers' Liability
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Jury: CHP was at fault
Stockton RecordFebruary 1, 2012

A civil jury found the CHP liable for battery and wrongful death Tuesday after deliberating for four days. "I'm ecstatic. Now it will let everybody know that Joey wasn't some hoodlum these officers shot," said Pinasco's aunt, Sandy Pinasco, ...more »

State & Minicipal Bonds
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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 »

False Advertising
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Scarlett Johansson dating advertising executive
stv.tvFebruary 1, 2012

Scarlett Johansson is reportedly dating advertising executive Nate Naylor, with them spotted getting close to each other in New York at the weekend. Scarlett Johansson is reportedly dating advertising executive Nate Naylor. 'The Avengers' star is said ...more »

Trade Associations
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Official: 10 states given waiver on No Child Left Behind learning laws
msnbc.comFebruary 9, 2012

By BEN FELLER, KIMBERLY HEFLING WASHINGTON — President Barack Obama on Thursday will free 10 states from the strict and sweeping requirements of the No Child Left Behind law, giving leeway to states that promise to improve how they prepare and ...more »

Federal Contracts
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DPS teacher and former accountant indicted on money laundering and program ...
Detroit Free PressFebruary 1, 2012

The case was investigated by numerous federal agencies, including the FBI, IRS, and the Department of Education. The DPS Office of Inspector General “developed and investigated dozens of leads, which led to collaboration with the FBI and US Attorney's...more »

Unfair Competition
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Drawing the line in the vines
McMinnville News-RegisterFebruary 4, 2012

But he agrees that limits must be set to prevent unfair competition with restaurants, which have to bear much higher infrastructure and operating costs. "You're mission is to sell wine by presenting food, not vice versa," Lett said.more »

Federal Grants
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Rahall announces grant opportunities for local fire departments
Williamson Daily NewsFebruary 1, 2012

By CHAD ABSHIRE Local fire departments can now apply for grants to help support themselves through the US government. US Rep. Nick Rahall (DW.Va.) announced on Tuesday that the US Department of Homeland Security's Federal Emergency Management Agency ...more »

Venture Capital
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Heidi Roizen Joins Draper Fisher Jurvetson as Venture Partner
MarketWatch (press release)February 1, 2012

MENLO PARK, Calif., Feb 01, 2012 (BUSINESS WIRE) -- Global venture capital firm Draper Fisher Jurvetson (DFJ) announced today that Silicon Valley veteran Heidi Roizen has joined the firm as a venture partner. Ms. Roizen will work closely with DFJ's ...more »


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