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

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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 »

Aide: Arpaio accepts blame for botched sex cases (KNXV-TV)February 1, 2012

"It's really hurting us as a law enforcement agency," Sheridan said of the sex-crimes cases. Two hundred people attended the oversight meeting. Dozens of Arpaio critics stormed out of the auditorium when they weren't allowed to speak immediately after ...more »

Business Law News and Stories

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Health reform law saves $2.1 billion for 3.6 million Americans with Medicare
Business Wire (press release)February 2, 2012

WASHINGTON--(BUSINESS WIRE)--Nearly 3.6 million people with Medicare saved $2.1 billion on their prescription drugs in 2011 thanks to the Affordable Care Act according to data issued today by the Department of Health and Human Services (HHS).more »

Foreign Investments
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Visas for foreign investors
BusinessWorld Online EditionFebruary 1, 2012

The current flexibility of the Bureau of Immigration in granting visa documents is proving to be effective in attracting a different set of investors in the Philippines. Apart from the inflow of new capital, there is also an inflow of a foreign...more »

Antitrust Law, Domestic
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House approves changes to laws on lawsuits
Minneapolis Star TribuneFebruary 2, 2012

Republicans say tort law changes will make businesses more competitive. DFLers say they'll burden plaintiffs. Republicans in the Minnesota House pushed through a package of bills Wednesday to limit the costs of lawsuits, which they view as a necessity ...more »

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Aer Arann announces new franchise routes for summer
Irish ExaminerFebruary 1, 2012

The two new Aer Lingus Regional routes which will be operated by Aer Arann under its franchise agreement with Aer Lingus are Dublin-Bournemouth effective from May 1 and Shannon-Rennes effective from June 9. The new Dublin-Bournemouth service will ...more »

Gaming Law
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Federal judge hears would-be casino developer's legal challenge
SouthCoastToday.comFebruary 1, 2012

By Steve Decosta KG Urban Enterpise's legal challenge of the state's casino-enabling legislation got its first airing in US District Court Tuesday, with Judge Nathaniel M. Gorton peppering both parties with specific questions on points of law.more »

Banking Law
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Gupta, Commerzbank, Morgan Stanley in Court News
BusinessWeekFebruary 1, 2012

(Adds Gupta in Lawsuits section, Stanford in Trials, Facebook in Litigation Departments and Foreign Bribe Case in Verdicts. Updates BP and EchoStar in Lawsuits, JPMorgan in New Suits and JC Flowers in Verdicts. Corrects gender of HSBC spokesman in ...more »

Government Construction Contracts
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From relief to despair: Varying views of jobs data
Lake County News SunFebruary 7, 2012

In Buffalo, NY, Rosanne DiPizio, vice president of her family's DiPizio Construction, says there isn't enough work for her company to justify hiring right now. It relies mostly on government road-construction contracts. And governments have been ...more »

Business Formation
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BusinessWeekFebruary 1, 2012

Urbanet Corporation Co., Ltd engages in real estate business. The company develops apartment houses and detached houses, as well as studio apartment for investments. It also involves in the resale of apartments and condominiums; and leasing of the real ...more »

Institutional Investing
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Pension fund made whole after investment suspension
GovExec.comFebruary 1, 2012

The fund was made whole Monday, including the $16944892 that accrued during suspension, as required by law, according to Tom Trabucco, director of external affairs for the Federal Retirement Thrift Investment Board. Federal law (Sections 8348 and 8438 ...more »

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Jefferson Bancshares, Inc. Announces Earnings for the Quarter Ended December ...
MarketWatch (press release)February 1, 2012

MORRISTOWN, Tenn., Feb 01, 2012 (BUSINESS WIRE) -- Jefferson Bancshares, Inc. /quotes/zigman/90692/quotes/nls/jfbi JFBI 0.00% , the holding company for Jefferson Federal Bank, announced a net loss for the quarter ended December 31, 2011 of $3.7 million ...more »

Koch Industries GC on Politics and the Keystone Pipeline
Corporate CounselFebruary 6, 2012

As House Republicans are pushing for a committee vote on a bill to move the Keystone XL pipeline project forward, opponents keep dragging Koch Industries, Inc., into the controversy—even though it claims no interest in the bill. “It's political ...more »

Commercial Bankruptcy
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The European Reality Avoidance Scheme (and How the United States Colludes)
Huffington PostFebruary 1, 2012

Drug crime in Mexico. Oil security. Don't get me wrong. Those things are all important. If the frigid stand-off between Iran and its enemies flickers into outright conflict, the economic consequences -- forget the strategic ones, for a moment -- could ...more »

Internal Investigative Services
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Faruqi & Faruqi, LLP is Investigating Parametric Technology Corporation on ...
MarketWatch (press release)February 18, 2012

18, 2012 /PRNewswire via COMTEX/ -- Faruqi & Faruqi, LLP, a national law firm concentrating on investor rights, consumer rights and enforcement of federal antitrust laws, is investigating potential wrongdoing at Parametric Technology Corporation ...more »

Commercial Leasing
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Rockville doubles contract with law firm to $1M
Gazette.Net: Maryland Community News OnlineFebruary 1, 2012

16, for legal services involving the city's bonds, employment and benefits, code enforcement, Rockville Town Square operations and the Town Square garage lease and litigation. Rockville City Attorney Debra Yerg Daniel said the contract with Venable is ...more »

International Transactions
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PSALM picks legal counsel for Lehman Brothers suit
BusinessWorld Online EditionFebruary 1, 2012

The law firm will thus represent the state agency at the United States Bankruptcy Court for the Southern District of New York. PSALM had entered into a principal swap contract with Lehman Brothers in July 2007 to hedge its loans against fluctuations in ...more »

Communications & Media
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Glenn Mulcaire ordered to reveal phone hacking details by appeal court
The GuardianFebruary 1, 2012

The case hinged on a section of the law that allows privilege against self-incrimination, but not if the information is commercial or involves intellectual property. In his judgment, Neuberger said Coogan argued that 70% of his voicemails were business...more »

From the Experts: Head In(to) the Cloud?
Corporate CounselFebruary 1, 2012

Traditionally, business software vendors have licensed and priced their products in one of three ways: (1) per user; (2) per device or processor (CPU); or (3) per enterprise, covering all users and devices within an organization.more »

Construction & Development
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New law to curb glass-walled buildings in city
EastDay.comFebruary 1, 2012

Under The Shanghai Glass Wall Management Act, future buildings constructed next to crossings cannot include glass walls. The legislation also prohibits them from hospital, school, kindergarten seniors' home and residential buildings of two or more ...more »

Locating Funds
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Legal maneuverings continue over failed New River
Jefferson PostFebruary 2, 2012

“We instructed our attorney (Bruce Kaplan), to search for a legal firm with expertise in liability issues,” said Ashe County Manager Pat Mitchell. “Bruce came back to us with McGuire Woods. He'll now send them an engagement letter and a $5000 retainer ...more »

Contracts Involving State & Minicipality
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Gupta, Commerzbank, Morgan Stanley in Court News
BusinessWeekFebruary 1, 2012

(Adds Gupta in Lawsuits section, Stanford in Trials, Facebook in Litigation Departments and Foreign Bribe Case in Verdicts. Updates BP and EchoStar in Lawsuits, JPMorgan in New Suits and JC Flowers in Verdicts. Corrects gender of HSBC spokesman in ...more »

Mergers, Acquisitions & Divestitures
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Research and Markets: Medical Device Companies Analysis - 50+ Major Companies ...
Business Wire (press release)February 1, 2012

Each report provides a full review of the company's activities, from its origins to its latest corporate activity, including mergers and acquisitions, agreements, divestitures, major purchasing contracts and litigation. Sections are included on ...more »

Corporate Finance & Taxation
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Tax Trivia Giveaway #3: High Income Taxpayers
ForbesFebruary 1, 2012

While at law school, I interned at the estates attorney division of the IRS. At IRS, I participated in the review and audit of federal estate tax returns. I even took the lead on a successful audit. At audit, opposing counsel read my report, ...more »

Mortgages & Foreclosures
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Mortgage settlement is great — for politicians and banks
Los Angeles TimesFebruary 11, 2012

The settlement mostly requires mortgage lenders and servicers to comply with what I would have thought was already the law, which prohibits, you know, criminal fraud. California Atty. Gen. Kamala D. Harris retains the right to pursue the banks under ...more »

Creditor's Rights
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550 people seeking restitution for sex abuse in Archdiocese of Milwaukee ...
Washington PostFebruary 2, 2012

MILWAUKEE — About 550 people are asking for restitution for alleged sexual abuse by clergy in the Archdiocese of Milwaukee — more than in any of the other US dioceses that have filed for bankruptcy protection, according a lawyer involved in the ...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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Customs exemptions in 2011 reach BD64 million
Bahrain News AgencyFebruary 1, 2012

1 (BNA) – Customs Affairs announced that the total value of exemptions given to national factories during the last year was BD64 million. The exemptions were given as implementation of the decision of the GCC Supreme Council regarding the GCC Customs...more »

Professional Corporations
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Prosecutor in Insider Crackdown Is Leaving US Attorney's Office
New York Times (blog)February 7, 2012

Mr. Garcia joins a firm that is perhaps best known for its bankruptcy practice, having represented, for example, Enron and WorldCom in their Chapter 11 cases last decade. Some of that bankruptcy work flows through to Weil's white-collar criminal...more »

Debt Collection
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Leagle.comFebruary 1, 2012

Before the court is a Motion to Dismiss Complaint for Lack of Subject Matter Jurisdiction pursuant to Rule 12(b)(1) of the Federal Rules of Civil Procedure and Rule 7012 of the Federal Rules of Bankruptcy Procedure filed by defendants George Faris, ...more »

Public Offerings
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State Attorney Generals Are the New Bank Regulators
US BankerFebruary 2, 2012

Spurred by the financial crisis and its impact on their constituents, state attorneys general appear to be carving out a new role as de facto bank regulators. This trend, an unexpected fall out of the financial crisis and the passage of Dodd-Frank, ...more »

Debt Settlement
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Commerce pulls license of collections firm in stolen-laptop case
Pioneer PressFebruary 4, 2012

Commerce decided to act on Accretive Health's license after learning of allegations that the company allowed unregistered employees to act as debt collectors and disguised its role as a collection agency from consumers, according to a news release ...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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Terminated Franchisee Liable for Counterfeiting Marks
Blue MauMauFebruary 1, 2012

In highlighting last week's decision, franchisor attorneys Wiley Rein, LLP cautions that most franchisors are aware of federal and state laws that can be invoked in protecting trademark infringement, but they may not be familiar with counterfeiting ...more »

State & Minicipal Bonds
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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 »

False Advertising
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Law Offices of Howard G. Smith Announces Class Action Lawsuit Against K12, Inc.
Business Wire (press release)February 1, 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”) (NYSE:LRN) between September 9, 2009 and December 16, 2011, ...more »

Trade Associations
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We should still be worried about Internet freedom
Daily AthenaeumFebruary 2, 2012

Demonstrators gather in front of the Presidential Palace in Warsaw, Poland, to protest the Anti-Counterfeiting Trade Agreement. With the dirt still fresh on the grave of the Stop Online Privacy Act and PROTECT IP Act (SOPA/PIPA), another onslaught ...more »

Federal Contracts
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Golden Globes Trial: Les Moonves Says CBS Might Have Bid $25 Million for Show
Hollywood ReporterFebruary 1, 2012

If it did, say the lawyers for DCP, then the group did not need to vote in 2010 when it extended its contract once again with NBC. Or at least that is the theory the group is pushing before Judge A. Howard Matz in a downtown Los Angeles courtroom.more »

Unfair Competition
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Samsung Being Investigated by the European Union
Sell My MobileFebruary 1, 2012

It seems the EU Commission has decided to open an anti-trust case against the Korean giant, as they feel Samsung may have broken rules on unfair competition. A spokesperson for the EU Commission said “The opening of proceedings means that the ...more »

Federal Grants
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Professor faces felony charges for grant fraud
Centre Daily TimesFebruary 1, 2012

Craig Grimes, 55, who now lives in Raleigh, NC, has been charged with wire fraud, making false statements and money laundering tied to $3 million in federal research grant money. The US Attorney's Office for the Middle District of Pennsylvania charged ...more »

Venture Capital
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€85m Business Angel Funds available to businesses in 2012
Insideireland.ieFebruary 6, 2012

Speaking at the launch of the InterTradeIreland Venture Capital Conference, Ms Hearty said with a total of €50 million investment in funding partnerships since the Halo networks were set up, there is an even greater opportunity for companies and ...more »


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Katherine H DempsAttorney at LawPRACTICE AREA: Personal Injury, Family Law, Elder Law, Administrative Law, Real Estate Law, Landlord & Tenant Law, Criminal Defense, Wills & Probate, Constitutional Law & Civil Rights, Trusts & Estate Planning, Aviation, Workers Compensation, Military Law & Military Benefits
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