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 »

During Super Bowl week "Tackle Domestic Violence"
KXII-TVFebruary 1, 2012

DURANT, OK-- The Crisis Center is holding its 2nd Annual "Tackle Domestic Violence," fundraiser. During Super Bowl week last year, they raised about $5000 for Texoma Counties.This year, they hope to score even more. In 2011, the Crisis Control Center, ...more »

Business Law News and Stories

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Study: Immigration Law Costing Alabama Billions
WHNTFebruary 2, 2012

Is Alabama's new immigration law costing the state billions of dollars? One new study claims the answer is yes, but lawmakers say the math has political motives. The University of Alabama's Center For Business and Economic Research commissioned the ...more »

Foreign Investments
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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 »

Antitrust Law, Domestic
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Jones Day's Munich chief relocates for Düsseldorf launch
The LawyerFebruary 2, 2012

Remp will initially be joined in Düsseldorf by Munich litigation partner Tom Mahlich and Frankfurt competition specialist Johannes Zöttl. Zöttl will lead the antitrust practice in Düsseldorf. The office will focus on corporate law, M&A, private equity, ...more »

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Snap-on Announces Fourth Quarter and Full Year 2011 Results
MarketWatch (press release)February 2, 2012

KENOSHA, Wis., Feb 02, 2012 (BUSINESS WIRE) -- Snap-on Incorporated /quotes/zigman/241124/quotes/nls/sna SNA +0.97% , a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for ...more »

Gaming Law
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Sweepstakes company wants to test state law
Anniston StarFebruary 2, 2012

by Patrick McCreless A Birmingham sweepstakes company is eyeing Calhoun County as the place to test the boundaries of the state's gambling law. Jack Draper, a local attorney who represents Birmingham-based Phone Sweep Promotions LLC, said his client ...more »

Banking Law
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Class action against banks grows
The AustralianFebruary 1, 2012

THE nation's largest ever class action against Australia's major banks has been extended, with $216 million worth of exception fees now under question. Law firm Maurice Blackburn filed a new claim in the Federal Court yesterday against St George and ...more »

Government Construction Contracts
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Council to vote on Citizens Square elevator contract
Fort Wayne Journal GazetteFebruary 1, 2012

The contract to repair the elevators at Citizens Square will come before the City Council for approval. The council on Tuesday discussed cost overruns at the new home to city and county government, specifically the need to spend nearly $1 million ...more »

Business Formation
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US Pension Agency Pressures American Airlines
New York TimesFebruary 1, 2012

Last month, American's parent company, AMR Corporation, said that it was contributing just $6.5 million to the pension plans, far short of the $97 million contribution that it would need to make if it were outside bankruptcy.more »

Institutional Investing
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Valentin Georgiev: US companies invest more than USD 3 billion in Bulgaria ...
Focus NewsFebruary 5, 2012

There is also a need of guaranteed supremacy of the law. The companies should be sure that their investments here are protected by the law. In cooperation with other chambers of commerce in Bulgaria a letter was sent to the Ministry of Finance about ...more »

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PSALM hires int'l law firm for $3.4M claim suit vs Lehman
ABS CBN NewsFebruary 1, 2012

PSALM earlier disclosed that six interested local and international law firms submitted their proposals to represent the agency in the case last month. Pinsent Masons submitted the lowest financial bid of P18.63 million. The amount was reduced to ...more »

Texas Trails: Frederick Law Olmsted
Sulphur Springs Country World NewsFebruary 6, 2012

He took a scientific approach to the pursuit and combined his interest in farming with interests in travel and writing in his book "Walks and Talks of an American Farmer in England." By the time he was through, he determined that he preferred traveling ...more »

Commercial Bankruptcy
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NewPage Seeks to Shield Officials from Investor Grilling
Wall Street Journal (blog)February 1, 2012

A bankruptcy judge has scheduled an emergency hearing Wednesday on the company's bid to protect executives from being grilled by the investors. The bonuses are linked to a turnaround business plan for NewPage, a preliminary proposal to the company's ...more »

Internal Investigative Services
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Sandwich officer is back to work after probe
Cape Cod Times (subscription)February 1, 2012

He referred questions to Town Manager George "Bud" Dunham, who refused comment and in an email rejected a Times request for the police department's internal investigation, citing the privacy and investigatory exemptions of the state's public records ...more »

Commercial Leasing
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State launching loan fund for fishermen
Wicked LocalFebruary 1, 2012

By State House News Service Massachusetts is creating a $1 million loan fund to help commercial fishermen transitioning from a days-at-sea groundfish management program to a market-based program that enables fishermen to sell and lease fishing quotas.more »

International Transactions
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PSALM hires int'l law firm for $3.4M claim suit vs Lehman
ABS CBN NewsFebruary 1, 2012

PSALM earlier disclosed that six interested local and international law firms submitted their proposals to represent the agency in the case last month. Pinsent Masons submitted the lowest financial bid of P18.63 million. The amount was reduced to ...more »

Communications & Media
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Nuance Introduces eCopy Legal Solution Pack, Streamlining Paper
ECM Connection (press release)February 1, 2012

Nuance Communications, Inc., a leading provider of speech and imaging solutions, recently announced the eCopy Legal Solution Pack, a document scanning and workflow solution that enables law firms to automate their paper-to-digital workflows.more »

Outdoor Channel Holdings Announces Senior Legal Appointments
Sacramento BeeFebruary 2, 2012

In addition to his passion for protecting and developing our network, he has been instrumental in discovering and developing strong relationships with the best talent and production companies in our industry. In his expanded role, he will continue to ...more »

Construction & Development
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University of Denver Law Students Sue To Block Christo's 'Over The River ...
Huffington PostFebruary 1, 2012

Law students in the Environmental Law Clinic at the University of Denver Sturm College of Law plan to file a lawsuit on Wednesday in attempt to block fabric-artist Christo's latest "Over the River" project which proposes to hang 5.9 miles of aluminum ...more »

Locating Funds
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Florida House moves to decline child-abuse-prevention grant due to health-care ...
The American IndependentFebruary 2, 2012

Hudson has been against accepting the money since it was brought to the Legislature for approval. The state was awarded $3.4 million from the federal government — through the Affordable Care Act — to give to groups that provide home visiting programs.more »

Contracts Involving State & Minicipality
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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 »

Mergers, Acquisitions & Divestitures
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Analog Devices Announces First Quarter Fiscal Year 2012 Results; Increases ...
MarketWatch (press release)February 22, 2012

... uncertainties, and assumptions that are difficult to predict, and do not give effect to the potential impact of any mergers, acquisitions, divestitures, or business combinations that may be announced or closed after the date hereof.more »

Corporate Finance & Taxation
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Identity Thieves Target Tax Returns
KZTV Action 10 NewsFebruary 1, 2012

For millions of Americans each year having a tax return rejected is the first indication that someone has stolen their identity. In Corpus Christi, police are already seeing a big increase in identity theft reports. It is a crime that can continue to ...more »

Mortgages & Foreclosures
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New Bern Sun JournalFebruary 2, 2012

AMENDED NOTICE OF FORECLOSURE SALE 11 SP 53 Under and by virtue of the power of sale contained in a certain Deed of Trust made by Alvah B. Dickerson, III to Joan H. Anderson, Trustee(s), dated the 31st day of October, 2007, and recorded in Book 2661, ...more »

Creditor's Rights
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CIT Sells $3.25 Billion in Biggest Bond Sale Since Bankruptcy
BusinessWeekFebruary 3, 2012

2 (Bloomberg) -- CIT Group Inc. sold $3.25 billion of debt in its second and biggest bond sale since emerging from bankruptcy in December 2009 as the small-business lender led by John Thain pays back “high-cost debt” this quarter.more »

Non-Profit Corporations
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Occupy protestors assemble at Oregon capitol, plan to protest idea of ...
OregonLive.comFebruary 1, 2012

SALEM – About 80 Occupy demonstrators from Portland, Eugene, Corvallis and other towns converged at the Oregon state capitol this morning, hoping to send a message to legislators: Pass laws on behalf of people, not corporations.more »

Customs Disputes
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Editorial Roundup: Excerpts From Recent Editorials
NECNFebruary 1, 2012

Mexican and US law enforcement agencies worked together to identify and capture Zapata Espinoza for the slaying last year of US Immigration and Customs Enforcement special agent Jaime Zapata of Brownsville. The Mexican government extradited him to the ...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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Bankruptcy for Tax Debt: Can Back Taxes Be Discharged in Los Angeles? (press release)February 1, 2012

February 01, 2012 /24-7PressRelease/ -- Most people associate bankruptcy with credit card, loan and mortgage debt. What they may not realize is that bankruptcy can also be used to eliminate liability for unpaid taxes. The US Bankruptcy Code permits ...more »

Public Offerings
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Attorney for Amy Senser files motion to dismiss charges
Minnesota Public RadioFebruary 4, 2012

by Brandt Williams, Minnesota Public Radio St. Paul, Minn. — Amy Senser's attorney filed a motion Friday in Hennepin County District Court asking the court to dismiss two felony charges of criminal vehicular homicide against her.more »

Debt Settlement
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Bankruptcy for Tax Debt: Can Back Taxes Be Discharged in Los Angeles? (press release)February 1, 2012

February 01, 2012 /24-7PressRelease/ -- Most people associate bankruptcy with credit card, loan and mortgage debt. What they may not realize is that bankruptcy can also be used to eliminate liability for unpaid taxes. The US Bankruptcy Code permits ...more »

Reorganizations & Restructuring
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Equity Committee Nominates Four Board Members for Reorganized Washington ...
MarketWatch (press release)February 3, 2012

Prior to that, Mr. Graham was a principal in an investment fund focused on distressed and turnaround investments, as well as a partner in a New York based national law firm specializing primarily on international corporate transactions, reorganizations ...more »

Directors' & Officers' Liability
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Why We Can't Get National Malpractice Reform
California HealthlineFebruary 1, 2012

The law helps keep "doctors' medical liability premiums -- and thus health care costs -- in check ... [and] helps ensure patients have access to their doctors," according to CMA. Advocates for tort reform often argue that California's cap, ...more »

State & Minicipal Bonds
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Ask a business expert: Accept plastic? Beware of new law
Florida TodayFebruary 2, 2012

There is a new reporting requirement which affects businesses that accept credit or debit cards. / FLORIDA TODAY/file QUESTION: Are there any tax law changes that my small business needs to be particularly aware of this year?more »

False Advertising
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Meet David Calabro, Patch's Advertising Manager
Patch.comFebruary 1, 2012

David is Patch's advertising manager for Montrose, La Canada Flintridge and Arcadia. He was born at Verdugo Hills Hospital, raised in Montrose and attended Crescenta Valley High School - you could say he knows the foothills area.more »

Trade Associations
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Reports: 1.6M auto parts jobs at risk because of Chinese trade practices
The Detroit NewsFebruary 1, 2012

Two of the reports come from the liberal-leaning Economic Policy Institute, and the third from Stewart and Stewart, a law firm that has won cases challenging China's trade practices. "These three reports show beyond a shadow of a doubt that China's ...more »

Federal Contracts
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Senate bars FG from awarding contracts to Julius Berger, others
VanguardFebruary 1, 2012

By Henry Umoru & Inalegwu Shaibu ABUJA—Senate Committee on Works has asked the Federal Government not to award road contracts to Julius Berger Nigeria Limited and other multinational construction companies unless they take part in government road ...more »

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

BRUSSELS Feb 2 (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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Homes in flood-prone area to be purchased with $9 million grant
Louisville Courier-JournalFebruary 1, 2012

That changed Tuesday, when the Metropolitan Sewer District announced it will use about $9 million in federal and state grants to purchase and demolish 128 flood-prone properties surrounding Maple Street so the agency can turn the area into a green ...more »

Venture Capital
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Don't put venture capital at risk
Financial TimesFebruary 8, 2012

By John Gapper Who wouldn't want to be a venture capitalist right now? Investment bankers may be reviled and private equity executives hammered but Silicon Valley's billionaire elite can do no wrong. Stephen Hester, chief executive of Royal Bank of ...more »


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