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

Top Picks in News

Labor Dispute Troubles Southwest (revised) - Analyst Blog
NASDAQFebruary 29, 2012

The trade union dispute has again sparked integration problems for Southwest Airlines ( LUV ). The carrier has been trying to integrate operations with subsidiary AirTran Airways, but even after a year it continues to see setbacks with its labor...more »

New Rules Sled Dogs: Whistler, B.C. Cull Sparks Reforms
Huffington Post CanadaFebruary 21, 2012

This is the second major change to animal cruelty laws since the bodies of the dogs were dug up. BC now has the toughest animal cruelty penalties in Canada and other changes ensure that sled dog companies operating on Crown land are inspected annually ...more »

Business Law News and Stories

Advertising
[read all news]
Kan. plan: Allow illegal immigrants to stay, work
Fox NewsFebruary 1, 2012

The Kansas proposal also is notable because it complicates the debate over immigration issues in the home state of Kris Kobach, a former law professor who helped draft tough laws against illegal immigration in Alabama and Arizona.more »

Foreign Investments
[read all news]
Posco's mega project remains stuck
RediffFebruary 1, 2012

Urging the state government and central government to expedite matters, Sharan said, "Although Posco has been billed as the biggest FDI (foreign direct investment) in the country, its progress has been very slow and frustrating.more »

Antitrust Law, Domestic
[read all news]
Class Certification Granted In International Cartel Antitrust Litigation In ...
Mondaq News Alerts (registration)February 2, 2012

We have previously posted on this interesting example of international litigation ( here). The case is captioned In re Vitamin C Antitrust Litigation, 05-CV-0453 (EDNY), and is pending in the United States District Court for the Eastern District of New ...more »

Franchising
[read all news]
Lionsgate and Funtactix Announce THE HUNGER GAMES ADVENTURES
MarketWatch (press release)February 1, 2012

...company, 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
[read all news]
Revved up crowd helps open Hollywood Casino at Kansas Speedway
Basehor SentinelFebruary 3, 2012

Janet Bimer took the opportunity to get a good look at the lights, games and layout. “If you've ever been to Vegas, it looks like Vegas,” she said, nodding her head in approval. Mary Summers of Tonganoxie said she begged her daughter-in-law, ...more »

Banking Law
[read all news]
IMF urges Qatar to strengthen bank governance
Gulf TimesFebruary 2, 2012

This would be particularly useful since the QCB is rewriting the central bank law - which addresses among others corporate governance issues - to make it more consistent with the single regulatory regime. The guidelines issued by the QCB in 2008 ...more »

Government Construction Contracts
[read all news]
Reps threaten to revoke Lagos-Ibadan Expressway contract
VanguardFebruary 1, 2012

By Favour Nnabugwu House of Representatives has threatened to revoke the concession contract between Federal Government and Bi-Courtney, following the slow pace of work on the reconstruction of Lagos-Ibadan expressway. Chief Ogbuefi Ozomgbachi, member ...more »

Business Formation
[read all news]
Crime lab official to address Shreveport business group
Shreveport TimesFebruary 1, 2012

North Louisiana Criminalistics Laboratory's system director will address the North Shreveport Business Association's membership luncheon Feb. 14. Jimmy Barnhill will be guest speaker at the gathering in the auditorium (Building E) at Northwest Lousiana ...more »

Institutional Investing
[read all news]
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 »

Commercial
[read all news]
Lawyers in NY Facebook suit spar over fee amount
Wall Street JournalFebruary 1, 2012

AP BUFFALO, NY — Lawyers for Facebook are looking for $84000 in legal fees from a New York man after a judge ruled he caused delays in his lawsuit seeking part ownership in the $50 billion social networking site. The attorney for Paul Ceglia, ...more »

INFLUENCE GAME: Big donors and what they want
Ventura County StarFebruary 6, 2012

Some are pressing for new laws or regulations that would benefit their interests in energy, mining and high finance. The Associated Press reviewed financial reports, regulatory filings, court records, public statements and more to identify favors that ...more »

Commercial Bankruptcy
[read all news]
Bankruptcy deal may help Libby victims
Daily Inter LakeFebruary 1, 2012

Libby asbestos victims got some long-awaited good news on Tuesday with the announcement of a proposed $19.5 million settlement of bankruptcy court litigation between WR Grace & Co. and those sickened by exposure from Grace's former vermiculite plant ...more »

Internal Investigative Services
[read all news]
Franklin county investigating fraud
KNDO/KNDUFebruary 3, 2012

Nine county employees are on administrative leave, and a criminal investigation is underway. Pasco police started an internal fraud investigation at the request of the state attorney general's office. Police locked down the public works office and ...more »

Commercial Leasing
[read all news]
Scott's Real Estate Investment Trust announces financing and leasing update
Canada NewsWire (press release)February 1, 2012

To find out more about Scott's Real Estate Investment Trust (TSX: SRQ.UN), visit our website at www.scottsreit.com. This document contains certain information that may constitute forward-looking information within the meaning of securities laws.more »

International Transactions
[read all news]
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
[read all news]
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 »

Pennsylvania Governor Corbett Signs Eight Bills into Law
MarketWatch (press release)February 2, 2012

... into law the following eight bills: House Bill 169 - This bill amends the Local Option Small Games of Chance Act to create new definitions, increase prize limits, and provide for additional rules and regulations for licensing of organizations.more »

Construction & Development
[read all news]
Greenfire announces downtown construction plans
Durham Herald SunFebruary 2, 2012

BY LAURA OLENIACZ DURHAM – Greenfire Development, a real estate development company that hit some turbulence last year following the partial collapse of the roof of one of its properties, announced Wednesday that it has new plans for construction...more »

Locating Funds
[read all news]
Congressman Pascrell's FIRE Act Delivers $265950 To The Nutley Fire Department
ParamusPost.comFebruary 2, 2012

“The FIRE Act was written here in northern New Jersey with the purpose of helping communities like Nutley support their first responders. For too long, the federal government turned a deaf ear to the pressing needs of fire departments. This grant...more »

Contracts Involving State & Minicipality
[read all news]
Quebec law allows for contracting loophole
Vancouver SunFebruary 2, 2012

The person also cannot be a director or officer of the company getting public contracts and cannot be personally convicted of specific tax-related criminal offences. That means there's a way for businesspeople who are in the crosshairs of Quebec's ...more »

Mergers, Acquisitions & Divestitures
[read all news]
M&A -- Including in IT -- Could Get Boost from Xstrata Deal with Glencore
CFOworldFebruary 8, 2012

Glencore's proposed takeover, the biggest mining transaction ever, is the latest sign executives are becoming bolder after mergers and acquisitions in January slumped to the lowest level since August 2009, the slowest start to a year in almost a decade ...more »

Corporate Finance & Taxation
[read all news]
Credit unions benefit from tax laws over banks
Bradenton HeraldFebruary 1, 2012

LaPine says Chapter S-chartered community banks, like credit unions, are exempt from paying corporate income taxes. The truth is that for Chapter S, which is a benefit allowed by law for many small businesses, the owners pay state and federal taxes ...more »

Mortgages & Foreclosures
[read all news]
Changing Rules of Engagement
Business InsiderFebruary 2, 2012

Investors need to be aware of the changing rules of engagement. The Bank of Italy, for example, issued new regulations in recent days regarding bank buyback rules of hybrid securities. The apparent technical adjustment is worth about 25 bp of Tier 1 ...more »

Creditor's Rights
[read all news]
AMR Aims for $2 Billion in Cost Savings
Wall Street JournalFebruary 1, 2012

s American Airlines will seek to save $2 billion through bankruptcy protection by cutting labor costs, grounding planes, reworking supplier contracts and restructuring its debt and aircraft leases, Chief Executive Tom Horton said.more »

Non-Profit Corporations
[read all news]
Legal services programs for poor facing cuts
Baltimore Sun (blog)February 7, 2012

By Andrea F. Siegel, The Baltimore Sun A major funder of legal services for the poor will shave its grants by at least 5 percent across Maryland — even after dipping into its reserves. The 34 agencies that receive money from the Maryland Legal...more »

Customs Disputes
[read all news]
Tax and Customs Board to Hire Auditors and Debt Collectors
ERR NewsFebruary 1, 2012

The Tax and Customs Board is in the process of hiring 70 auditors and 10 debt collectors to step up efforts to fight tax evasion. According to Postimees, one area to be tackled is entrepreneurs who set up a company and then abandon it - about 350 such ...more »

Professional Corporations
[read all news]
PSS World Medical Announces Proposed Offering of $250 Million of Senior Notes
MarketWatch (press release)February 10, 2012

... and for general corporate purposes, including potential repurchases of common stock and acquisitions. The notes are being offered inside the United States to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, ...more »

Debt Collection
[read all news]
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 »

Public Offerings
[read all news]
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
[read all news]
Mortgage holders thrown lifeline
Offaly ExpressFebruary 1, 2012

For people with debts of less than €20000, it is proposed to issue Debt Relief Certificates, while Debt Settlement Arrangements can be reached for larger mortgage loans. There is also a provision for the reform of the bankruptcy laws, from 12 years to ...more »

Reorganizations & Restructuring
[read all news]
Lucky Cruise Launched on Facebook as First Social Game Collaboration Between ...
MarketWatch (press release)February 14, 2012

... the anticipated savings and expense reductions from restructuring and lower staffing; (9) adverse affects on product development, innovation and the ability to retain and attract key personnel following the restructuring and reorganization actions; ...more »

Directors' & Officers' Liability
[read all news]
Bill proposed to pay down OPEB
Parkersburg NewsFebruary 2, 2012

By JEFFREY SAULTON (jsaulton@newsandsentinel.com) , Parkersburg News and Sentinel PARKERSBURG - A bill passed Wednesday by the Senate to pay down the state's liability for future health care benefits for retired state and public school employees, ...more »

State & Minicipal Bonds
[read all news]
Liberals Stress Romney Ties To Ariz. Law Author Kobach
Investor's Business DailyFebruary 3, 2012

But to liberals he is notorious as the brains behind Arizona's tough anti-immigration law. They are betting that his endorsement of Romney will make the presidential candidate toxic to Latino voters. "He can't walk back his fondness of Kris Kobach, ...more »

False Advertising
[read all news]
Alabama immigration law sponsor disagrees with study that finds 2011 bill ...
al.com (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 »

Trade Associations
[read all news]
US Congress to oppose EU law on aircraft emissions
ReutersFebruary 1, 2012

| WASHINGTON (Reuters) - The US Congress will formally express its opposition to a European law aimed at reducing pollution from jetliners, a thorny diplomatic issue that has threatened to escalate transatlantic trade tensions.more »

Federal Contracts
[read all news]
The Only Man in America that Obama Has Not Fooled Speaks Out
Huffington Post (blog)February 1, 2012

In February 2008, he released a statement saying: "It is time to end the diversion of federal small business contracts to corporate giants." Yet he has failed to prevent large corporations from hijacking federal small business contracts.more »

Unfair Competition
[read all news]
The big projects equation
The Sun DailyFebruary 5, 2012

There have been cases in the past where unsolicited toll road and highway projects have been awarded to those who conceived it without going through the competitive process. It appears unfair to the government and the decision makers if the originators ...more »

Federal Grants
[read all news]
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 »

Venture Capital
[read all news]
JB Pritzker may get substantial payday from Facebook IPO
Chicago TribuneFebruary 1, 2012

The expected initial public offering of social media juggernaut Facebook could result in a substantial payday for at least one Chicago investor: local venture capitalist JB Pritzker. Pritzker's operations were part of a group that purchased $100 ...more »

Archive

Legal and Criminal News in 2013
Legal and Criminal News in 2012
Legal and Criminal News in 2011
Book of the Day in our Store
Share it on TwitterFacebook
Money, Politics, and the Constitution: Beyond Citizens UnitedMoney, Politics, and the Constitution: Beyond Citizens United
by
  • List Price: $19.95
  • Price: $17.73
  • You Save: $2.22 (11%)
from $10.00
View
Michael J GabovitchAttorney at LawPRACTICE AREA: Administrative Law, Real Estate Law, Business Law, Industrial Development Law
Chip AlexanderAttorney at LawPRACTICE AREA: Real Estate Law, Bankruptcy Law, Wills & Probate, Trusts & Estate Planning, Industrial Development Law