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

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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 »

Letters: Put air travel hassles into perspective
USA TODAYFebruary 1, 2012

He defends Mitt Romney by asking whether commentator Bob Beckel is suggesting the former Massachusetts governor should pay more taxes than required by law. Then Thomas rails about the percentage of people who pay no federal income tax.more »

Business Law News and Stories

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Faruqi & Faruqi, LLP Files Securities Class Action Suit Against K12, Inc. and ...
Sacramento BeeFebruary 1, 2012

Plaintiff is represented by Faruqi & Faruqi, LLP, a national securities law firm with extensive experience in prosecuting class actions involving corporate fraud. If you wish to serve as lead plaintiff for the proposed class in this action, ...more »

Foreign Investments
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REFILE-China boosts foreign capital investment quota in Jan
ReutersFebruary 1, 2012

(Refiles to fix typo in headline) SHANGHAI, Feb 1 (Reuters) - China granted $600 million in quotas to foreign institutional investors in January, nearly a third of the amount awarded in 2011, reflecting Beijing's desire to boost foreign participation ...more »

Antitrust Law, Domestic
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Indiana joins right-to-work ranks, gov. signs bill
BusinessWeekFebruary 2, 2012

"Seven years of evidence and experience ultimately demonstrated that Indiana did need a right-to-work law to capture jobs for which, despite our highly rated business climate, we are not currently being considered," Daniels said in a statement.more »

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Lionsgate and Funtactix Announce THE HUNGER GAMES ADVENTURES
MarketWatch (press release)February 1, 2012, today announced that THE HUNGER GAMES ADVENTURES will launch day and date with the highly anticipated film adaptation of Suzanne Collins' runaway bestselling novel on March 23rd, 2012. The perfect companion for fans of the franchise, ...more »

Gaming Law
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E-Gaming Giant Applies For Jersey License
Tax-news.comFebruary 2, 2012

by Jason Gorringe,, London The Jersey Gambling Commission has welcomed the application of Playtech, one of the world's leading eGaming software and content specialists, for a Remote Gambling licence. The application is a significant step ...more »

Banking Law
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New development in post-transaction banking fraud
Infosecurity Magazine (US)February 2, 2012

The Zeus/SpyEye trojan is well known for its ability to steal money from bank accounts. Now it also being used to hide card-not-present fraud. Banks should take a number of steps to counter the latest cybercrime scam that teams distributed denial of ...more »

Government Construction Contracts
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Anti-corruption law in Chicago seen as good example for Quebec
Montreal GazetteFebruary 3, 2012

MONTREAL - The Quebec government calls Bill 35, its new anti-corruption legislation, the toughest law governing public-sector construction contracts in North America. Yet, the legislation in at least one other jurisdiction appears to place tighter ...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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Law School Student Debt Is Just Tip of the Iceberg
U.S. News & World Report (blog)February 1, 2012

It is the highly visible tip of a growing iceberg of student debt that threatens all of higher education. It's not a surprise to regular readers of the Student Loan Ranger that most law students borrow to finance their legal education (88.6 percent ...more »

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The Am Law 100, the Early Numbers: Revenue Up, Profits Down Slightly at Cadwalader
The American LawyerFebruary 1, 2012

Cadwalader Wickersham & Taft enjoyed a modest uptick in revenue in 2011, the firm's first burst of top-line growth since 2007, according to The American Lawyer's reporting. The firm's gross revenue increased 4.4 percent to $448.5 million and revenue ...more »

'Occupy The Super Bowl' Will Protest Indiana's Right-To-Work Law
Huffington PostFebruary 3, 2012

The demonstrations are centered on Indiana's new right-to-work law, which critics say will hamstring unions and leave the state's workers in a vulnerable position. The Indiana chapter of the AFL-CIO, one of the largest union federations in the country, ...more »

Commercial Bankruptcy
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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 »

Internal Investigative Services
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Issa tells AG that House panel will do what is necessary to get Justice ...
Washington PostFebruary 2, 2012

A month after Terry's death, Congress began hearing of problems with the probe. Under pressure from lawmakers, Holder has shaken up the leadership of ATF, and the Justice Department's inspector general is conducting an internal investigation of the ...more »

Commercial Leasing
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GTA Commercial REALTORS(R) Report Commercial Market Figures
MarketWatch (press release)February 3, 2012

TORONTO, ONTARIO, Feb 03, 2012 (MARKETWIRE via COMTEX) -- Toronto Real Estate Board Commercial Division Members reported 464008 square feet of total leased commercial space in January 2012. This result was down by 41 per cent in comparison to January ...more »

International Transactions
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Romney stock trades clash with divestment pledge
Fox NewsFebruary 2, 2012

WASHINGTON – During his presidential campaign in 2007, Republican candidate Mitt Romney promised that a trust overseeing his financial portfolio would shed any investments that conflicted with GOP positions toward Iran, China, stem cell research and ...more »

Communications & Media
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ICT Infrastructure Protection Bill Will Be Ready By December - Minister
Leadership NewspapersFebruary 1, 2012

Mrs. Omobola Johnson, Minister of Communications Technology, said the time was ripe to declare ICT infrastructure a national resource which should be protected just like railway and electricity infrastructure are protected by law.more »

Pub licence blunder made in 1988 costs Copeland council £6000
News & StarFebruary 3, 2012

Cap'n Senny's, in Whitehaven, had asked the council to change its planning conditions so it could open until 2am on Thursdays, Fridays and Saturdays – as allowed under licensing laws. But the council refused, saying the venue was too noisy and was ...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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Groups seek to help stressed homeowners
Rochester Democrat and ChronicleFebruary 1, 2012

Statewide, nearly 250000 homeowners are in foreclosure or serious delinquency, according to the Empire Justice Center, a statewide public interest law firm. That includes about 14600 in the Finger Lakes region. Cuomo did not include money for the ...more »

Contracts Involving State & Minicipality
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Firm of lawyer who represented Guard gets Washougal contract
The ColumbianFebruary 1, 2012

By Ray Legendre Starting Wednesday, Washougal criminal defendants who cannot afford an attorney will be represented by a Vancouver-based firm whose principal attorney represented Washougal's mayor during his recent legal imbroglio.more »

Mergers, Acquisitions & Divestitures
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West Isle Signs Engagement Agreement and Updates Operations
Marketwire (press release)February 21, 2012

This agreement is to provide corporate services regarding West Isles' Colombian project-including and without limitation, assistance and advice on financing, financial and business development strategies, corporate structure, acquisitions, mergers, ...more »

Corporate Finance & Taxation
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Taxing Football Players
Ghana Broadcasting CorporationFebruary 1, 2012

The main source of revenue for governments the world over, is through direct and indirect taxes from both the working and the unemployed. Unemployed people pay taxes through the goods and services offered on the open market. It is common knowledge that ...more »

Mortgages & Foreclosures
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Squatter lives in luxury home for months, now evicted
AGBeatFebruary 6, 2012

According to the Dallas Observer, Robinson has been served eviction papers and must move by Valentine's Day as the foreclosure process of the defunct bank was finally completed last month and Bank of America who now owns the note, says it is time for ...more »

Creditor's Rights
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Few negatives seen in digital photo boom
Timaru HeraldFebruary 2, 2012

Kodak ceased production of its slide and motion picture film Kodachrome in 2009 and announced on its website that Eastman Kodak Company and its United States subsidiaries had "filed to reorganise its US business under Chapter 11 in the US Bankruptcy...more »

Non-Profit Corporations
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Navistar Hosts Analyst Day to Detail Strategy Driving Shareholder Value
MarketWatch (press release)February 1, 2012

The financial measures presented below of adjusted income and adjusted diluted earnings per share attributable to Navistar International Corporation, manufacturing segment profit, and adjusted manufacturing segment profit are unaudited and not in ...more »

Customs Disputes
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CBP Officers Arrest Delaware Fugitive in Arizona
MyFox PhoenixFebruary 1, 2012

PHOENIX (AP) — US Customs and Border Protection officers assigned to Phoenix Sky Harbor International Airport say they've arrested a Mexican man wanted in Delaware on assault charges. During a records check by CBP officers Monday, they found that a ...more »

Professional Corporations
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Franklin Resources, Inc. Announces First Quarter Results
MarketWatch (press release)February 1, 2012

Our inability to successfully recover should we experience a disaster or other business continuity problem could cause material financial loss, loss of human capital, regulatory actions, reputational harm, or legal liability.more »

Debt Collection
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Casino rules govern chip color, size, much more
Canton RepositoryFebruary 2, 2012

Rules adopted by the commission must go before a legislative committee with veto power. The rules span the array of casino gambling, licensing and oversight, some in exhaustive detail. For example, the rules will make it hard for gamblers to confuse a ...more »

Public Offerings
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Chief State Attorney's wife received GHS 400000 from Woyome - EOCO
Myjoyonline.comFebruary 3, 2012

The Economic and Organised Crime Office has indicted some officials at the Attorney General's office and the Ministry of Finance and Economic Planning for their shady roles in the controversial payment of judgement debts to Alfred Agbesi Woyome.more »

Debt Settlement
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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 »

Reorganizations & Restructuring
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Carl Marks Promotes Two Investment Bankers
Sacramento BeeFebruary 9, 2012

Flynn, who joined Carl Marks as a vice president in 2008, has more than 10 years of financial restructuring and investment banking experience. He serves as an advisor to both public and private corporations and their creditors, providing financial ...more »

Directors' & Officers' Liability
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Muchadeyi Masunda's corporate incest stinks
The Zimbabwe GuardianFebruary 1, 2012

BULAWAYO-born Harare Mayor, Muchadeyi 'Muchie” Masunda is a Chairman of nine private sector boards and director in three others. The man's unbridled appetite for appointments in several entities that have contesting interest stinks!more »

State & Minicipal Bonds
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Indiana liquor law could squeeze Super Bowl party hosts who don't plan ahead
Washington PostFebruary 2, 2012

There was never much chance of getting Indiana's “blue law” suspended, just this once. A spokeswoman for Gov. Mitch Daniels, Jane Jankowski, said the issue was never raised and some of the city's business owners say they understand why.more »

False Advertising
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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 »

Trade Associations
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U.S. auto-parts sector under seige
Toledo BladeFebruary 2, 2012

Miss Kaptur said China doesn't play by the rules and that was why she opposed normalized trade relations with China in 1998. "China is cheating. They're cheating in autos, in auto parts, and steel, and they're not abiding by world trade laws.more »

Federal Contracts
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No Injunction on Rite Aid's Fujifilm Contract
Courthouse News ServiceFebruary 1, 2012

The last straw, however was when Fujifilm took over a contract RIMG had with Rite Aid drug stores. RIMG charges that Fujifilm wrongly secured the contract by offering Rite Aid service at below cost. In a federal complaint, RIMG says the loss of revenue ...more »

Unfair Competition
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France Finds Google Maps Is Unfair Competition [VIDEO]
MashableFebruary 1, 2012

A French court has found Google's Maps application guilty of unfair competition and ordered the search giant to pay damages and a fine. Bottin Cartographes, a French company that provides essentially the same services as Google Maps, but for a fee, ...more »

Federal Grants
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Ex-Credit Suisse traders admit cooking subprime books
ReutersFebruary 2, 2012

Serageldin had been managing director/global head of structured credit at Credit Suisse in charge of Higgs and other traders. "While the housing market was collapsing, the defendants profited, not by correctly predicting the trend, but by cooking the ...more »

Venture Capital
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Venture capital down 11.5%
Irish TimesFebruary 4, 2012

THE AMOUNT of venture capital funding raised by Irish technology companies fell by 11.5 per cent last year, though the number of companies who succeeded in attracting funding increased. Figures released by the Irish Venture Capital Association (IVCA) ...more »


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