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

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Local charity drops Catholic affiliation, will place kids with couples in ...
WPSD Local 6February 1, 2012

In June, Illinois lawmakers made it legal for same-sex couples to enter into civil unions, meaning they have the same rights as married couples. That includes the ability to become foster parents. With the new law came the stipulation that any ...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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Bill to require more transparency in ballot measure advertising moves forward
Northwest Progressive Institute Official Blog (blog)February 1, 2012

HB 2499 would require advertising for or against ballot measures in Washington to include the name and address of the entity paying for the advertising; entities that are political committees would also have to disclose the names of their top five ...more »

Foreign Investments
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Turning the 'Buffett Rule' Into Law
New York TimesFebruary 1, 2012

It would operate like the alternative minimum tax, superseding all brackets and the lower rates for investment income, though it would preserve the incentive for charitable donations. Those taxpayers who earn most of their high incomes from salaries ...more »

Antitrust Law, Domestic
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Alabama's Immigration Law May Get A Second Look
NPRFebruary 7, 2012

"The problem the governments have run into is the law is very broad in its definition of contractor or subcontractor," say Cindy Crawford, editor of the Birmingham Business Journal. "So to follow the law and cover all their bases, governments have sent ...more »

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Gerhardt and Marcantonio on Allegra's Acquisition of Signs by Tomorrow
What They ThinkFebruary 1, 2012

Both Gerhardt and Marcantonio asserted that if the integrity and intent of the organization is proper, this type of arrangement does not betray the trust of existing franchisees. Gerhardt added, “Our intent is to make us into a stronger company that ...more »

Gaming Law
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Casinos to pay for compulsive gambling help, but will Beacon Hill keep the ...
My Fox BostonFebruary 3, 2012

Just like anti-smoking programs were supposed to be funded with tobacco money, gambling addiction programs are slated to be funded by casino tax money. The state's new casino law includes the creation of a public health trust fund, funded with five ...more »

Banking Law
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Bill Moyers | John Reed on Big Banks' Power and Influence
truthoutFebruary 1, 2012

Just one problem: the merger flew in the face of this law. You're looking at the Banking Act of 1933, also known as Glass-Steagall. Glass Steagall was enacted during the Great Depression to prevent investment banks from ever again gambling with ...more »

Government Construction Contracts
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J. Kevin Kelley takes stand after 'health matter,' testifies about Dimora ...
NewsNet5.comFebruary 2, 2012

AKRON, Ohio - J. Kevin Kelley, the government's star witness against former county commissioner Jimmy Dimora, on Thursday morning resumed testimony about Dimora rigging county contracts and partying on a Vegas casino trip paid for by a private ...more »

Business Formation
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U.S. Silica Holdings, Inc. Announces Pricing of Its Initial Public Offering
MarketWatch (press release)February 1, 2012

Morgan Stanley & Co. LLC, BofA Merrill Lynch and Jefferies & Company, Inc. are acting as joint book-running managers for the offering. Simmons & Company International, Dahlman Rose & Company, LLC, BB&T Capital Markets, a division of Scott ...more »

Institutional Investing
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JD Supra (press release)February 2, 2012

Issued the very same day that the SEC charged an investment adviser with offering to sell more than $500 billion of fictitious securities via LinkedIn (see SEC Accuses Adviser of Using LinkedIn to Perpetrate Investment Scam by The Law Offices of Debra ...more »

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Is Dog Law violating the dog law?
Philadelphia Inquirer (blog)February 1, 2012

Approved after a grueling two year battle the legislation set forth sweeping changes in the way commercial kennels operate in the state once known as the puppy mill Capital of the East. In the first major overhaul of the existing dog law in 25 years, ...more »

Why Broadcasters Have To Air Political Attack Ads Even If They Don't Want To
JD Supra (press release)February 1, 2012

But as the attacks get nastier, and perhaps even go against the interest of the station owners themselves, why do broadcasters keep running these ads? Often, it's because broadcasters have to - under the applicable laws. We've seen two stories this ...more »

Commercial Bankruptcy
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Lawmakers refute immigration law cost
News CourierFebruary 1, 2012

The cost-benefit analysis, written by Dr. Samuel Addy of the University of Alabama's Culverhouse College of Commerce and Business Administration, found the law could mean Gross Domestic Product losses of $2.3 billion to $10.8 billion, income and sales ...more »

Internal Investigative Services
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Hackers eavesdrop on the FBI
Sydney Morning HeraldFebruary 4, 2012

THE international hackers group known as Anonymous has turned the tables on the FBI by listening in on a conference call last month between the bureau, Scotland Yard and other foreign police about their joint investigation of the group and its allies.more »

Commercial Leasing
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Dual Qualified/ Scottish & English Commercial Property Lawyer
STV LocalFebruary 1, 2012

Leading commercial firm in Scotland is seeking a dual-qualified (Scotland/ England & Wales) commercial real estate lawyer, with circa 2-4 PQE to be based in Edinburgh. The commercial real estate team covers all aspects of commercial property and ...more »

International Transactions
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Catching a financial thief
Washington PostFebruary 1, 2012

He previously served as deputy assistant general counsel for enforcement and intelligence at the Treasury Department, worked as senior counsel in the legal service of the Bank for International Settlements in Basel, Switzerland and at the Federal ...more »

Communications & Media
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EU Commission Launches Patent War Against Samsung
French TribuneFebruary 1, 2012

However, the investigation by the European Union antitrust regulators would examine the case thoroughly and then announcement would be made over the infringement of law by the Samsung. But, the investigation over the Samsung was called soon after it ...more »

Proposed cabaret license sparks controversy in Albany
WRGBFebruary 7, 2012

We spoke to the owner there who said when she questioned city officials Friday night they told her "they're working on some type of law to have some kind of license" says Elda Abate. Councilman Richard Conti responded when we asked why this happened to ...more »

Construction & Development
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Exelon Selects Site, Developer and Design Firms for New Baltimore Headquarters ...
MarketWatch (press release)February 1, 2012

Development of the building is expected to create more than 1000 construction and other jobs and provide new tax revenue for the city. Construction of the new building was a commitment made as part of the companies' merger settlement with the State of ...more »

Locating Funds
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Watchdog must stop brokers using their clients' money as a piggy bank
Sydney Morning HeraldFebruary 5, 2012

Photo: Virginia Star THE spectacular collapse of MF Global and the release of a consultation paper by the government flagging options to reform the client money laws for over-the-counter (OTC) derivatives could have profound consequences for the models ...more »

Contracts Involving State & Minicipality
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PBA of NYS approves contract
Albany Times Union (blog)February 1, 2012

the Police Benevolent Association of New York State, the union that inherited the mantle of the law enforcement unit of Council 82, has ratified a proposed contract, 965 to 36. The union was created in part due to deep dissatisfaction with the initial ...more »

Mergers, Acquisitions & Divestitures
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Divestitures gain ground in federal market
Washington TechnologyFebruary 3, 2012

By David Hubler Divestitures in the federal contracting space accounted for about 20 percent of all M&A activity last year, continuing a trend that began heating up in 2009. Experts ascribe the trend to several factors – the federal requirement to ...more »

Corporate Finance & Taxation
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Mandaric: tax charges are an insult to my family
The IndependentFebruary 1, 2012

The former Portsmouth chairman Milan Mandaric claimed that the tax evasion charges against him were an "insult" after 12 years in England in which he has rescued Portsmouth, Leicester City and Sheffield Wednesday from the brink of bankruptcy, ...more »

Mortgages & Foreclosures
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Rajat Gupta, JC Flowers, Muni Bonds, Full Tilt Poker: Compliance
BusinessWeekFebruary 1, 2012

The government also said yesterday that the insider-trading conspiracy continued beyond when Gutpa's lawyer has said his client's friendship with Rajaratnam deteriorated. Gupta still faces the same charges, five counts of securities fraud and one count ...more »

Creditor's Rights
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CIT Plans Bonds to Help Redeem $2.5 Billion of 'High-Cost Debt'
BusinessWeekFebruary 2, 2012

2 (Bloomberg) -- CIT Group Inc. is marketing bonds for the second time since emerging from bankruptcy in December 2009 as the small-business lender led by John Thain pays back $2.5 billion of “high-cost debt” this quarter.more »

Non-Profit Corporations
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Law students given practical experience through national volunteer program
UW Badger HeraldFebruary 2, 2012

By Julia Skulstad A group of University of Wisconsin law students is preparing to travel across the United States as part of a nationwide effort to provide legal assistance to non-profit groups. Since 2005, UW law students have joined with the national ...more »

Customs Disputes
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Rajat Gupta, JC Flowers, Muni Bonds, Full Tilt Poker: Compliance
BloombergFebruary 1, 2012

The government also said yesterday that the insider-trading conspiracy continued beyond when Gutpa's lawyer has said his client's friendship with Rajaratnam deteriorated. Gupta still faces the same charges, five counts of securities fraud and one count ...more »

Professional Corporations
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Companies Bill: Moily stresses on CSR
indiabloomsFebruary 6, 2012

Kolkata, Feb 6 (IBNS): Union Minister of Corporate Affairs M Veerappa Moily on Monday said here that the Companies Bill 2011 seeks to update the 50-year-old Companies Act, 1956, and the laws related to raising money from the public, insider trading, ...more »

Debt Collection
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Pressure grows for more action to strip bankers of knighthoods
Daily MailFebruary 2, 2012

Some Tories want to tackle him about his pension in the expectation that he would challenge such a move using the Human Rights Act. This would boost public opposition to the Act which they want to replace with a British Bill of Rights.more »

Public Offerings
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Attorney general Bill Schuette asks that hearing on grad student unions be halted
Detroit Free PressFebruary 1, 2012

By David Jesse Michigan Attorney General Bill Schuette has filed a request with the state Supreme Court, asking it to stop a hearing scheduled for today to decide whether University of Michigan graduate student research assistants can unionize.more »

Debt Settlement
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Goldman Fund Plans Fight Over Hancock
Wall Street JournalFebruary 1, 2012

9 some $400 million in debt that they put on the John Hancock Center after they purchased the 100-story tower in 2007. But a default is likely because the owners haven't been able to sell or refinance for that amount.more »

Reorganizations & Restructuring
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U.S. Troop Transporter Global Aviation Files for Bankruptcy in New York
BloombergFebruary 6, 2012

Chapter 11 allows companies to keep operating and either reorganize or sell assets through a court-supervised auction. “The company needs to complete its comprehensive restructuring due to having too large a fleet, labor costs that exceed industry ...more »

Directors' & Officers' Liability
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Post SOPA, What Is the Next Frontier for Internet Copyright Protection?
Knowledge@WhartonFebruary 1, 2012

The Act protects Internet service providers and others with so-called "safe harbor" provisions that essentially limit a party's liability on the premise that it acted in good faith or in compliance with standards. When the DMCA was enacted, ...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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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 »

Trade Associations
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Hammerle Finley Law Firm Says Denton Texas Jury Finds In Favor Of Medical ...
PR Web (press release)February 2, 2012

We address a broad range of legal issues, from business entity formation to guardianship, divorce & family law to oil & gas law, collections to criminal defense. We strive to represent our clients in all types of legal matters, whether they be complex, ...more »

Federal Contracts
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CACI Reports Record Results for Its Fiscal 2012 Second Quarter and Raises ...
Business Wire (press release)February 2, 2012

(BUSINESS WIRE)--CACI International Inc (NYSE: CACI), a leading professional services and information technology solutions provider to the federal government, announced results today for its second fiscal quarter ended December 31, 2011.more »

Unfair Competition
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Google Fined $660000 For Making Google Maps Free
Tom's GuideFebruary 3, 2012

Honestly, it's surprising Google isn't facing additional anti-competitive lawsuits both locally and abroad. Case in point: a Verizon customer who purchases an Xperia PLAY smartphone has two options: use Google Maps, which is free, or use Verizon's VZ ...more »

Federal Grants
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Police quiz possible murder accomplice in Bashara case
The Detroit NewsFebruary 1, 2012

Griem, who gained notice for representing Stephen Grant in 2007 when Grant was a person of interest in the disappearance of his wife, carried a briefcase to and from his visit, but declined to say if he was taking over representation of Bashara.more »

Venture Capital
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Falcone's Harbinger Capital Lost 47% Last Year on LightSquared Venture Bet
BloombergFebruary 3, 2012

Phil Falcone's Harbinger Capital Partners LLC lost 47 percent for investors in his main hedge fund last year as he was forced to slash the value of his troubled wireless venture by more than half, according to a person familiar with the results.more »


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