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 »

Congress manifesto stresses on development
Times of IndiaFebruary 1, 2012

If voted to power, Congress would lay emphasis on improving the poor law and order situation in the state by making police stations accessible to every citizen and setting up one mahila police station in each district, she added.more »

Business Law News and Stories

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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 »

Foreign Investments
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Gilman Law LLP Announces A Securities Fraud Class Action Lawsuit Against ...
PR Web (press release)February 1, 2012

Shareholders file a securities fraud class action lawsuit against Health Management Associates, Inc. for alleged violations of securities laws. Gilman Law LLP, a leading national securities law firm located in Naples, Florida, announces a class action ...more »

Antitrust Law, Domestic
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Netflix says Congress can help bring Facebook app to US
Chicago TribuneFebruary 1, 2012

It's also to Netflix business partners and it's also potentially to law enforcement," Rotenberg said of the House bill's broader implications. Lawmakers also took issue with how the House bill would amend the Video Privacy Protection Act. Senator ...more »

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Baker Relocates Cadillac Dealership
Patch.comFebruary 1, 2012

“Combining the Buick GMC and Cadillac franchises together make a powerful combination,” Baker said in a news release. “Having three out of the four GM franchises under one roof is a great opportunity for Baker Motor Company.more »

Gaming Law
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Casino developer seeks injunction over preference for Indian tribe
Boston GlobeFebruary 1, 2012

The law “is not keeping KG Urban from being able to apply,'' said Kenneth Salinger, assistant attorney general, representing the state. “Nobody can apply.'' At issue in the case is language in the casino law that forestalls open bidding for a ...more »

Banking Law
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02/02/2012 - Don't let your business be a victim of Payment Divert Fraud.
Lincolnshire PoliceFebruary 2, 2012

Payment divert Fraud is a term given to the criminal practise of fraudulently changing the bank account details of contractors causing the payment of legitimate invoices to be paid to an alternative bank account. The practice often involves a business ...more »

Government Construction Contracts
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STX Canada Marine to design Canada's polar icebreaker
Marine LogFebruary 3, 2012

The Canadian Government today named the firm that will design the Canadian Coast Guard's future flagship, the Polar Icebreaker, CCGS John G. Diefenbaker. "I am pleased to announce that the team at STX Canada Marine Inc. of Vancouver is taking on this ...more »

Business Formation
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Questions remain as panel winds up Sino-Forest probe
Baltimore SunFebruary 1, 2012

(Reuters) - Bankruptcy threatened plantation operator Sino-Forest Corp said an independent committee had wound up its probe into allegations the firm had exaggerated its assets, but its report is unlikely to pacify investors as it left key questions...more »

Institutional Investing
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Law would let sunshine into Iowa's governments
DesMoinesRegister.comFebruary 5, 2012

Had the rulings gone the other way, the citizens and their lawyer would have had to forfeit their investment in the legal battles. That would not have to happen if the Public Information Board becomes a reality. The board would have the power to ...more »

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Kosmos Energy Securities Fraud Class Action Lawsuit Announced by Gilman Law...
Business Wire (press release)February 1, 2012

BOSTON--(BUSINESS WIRE)--Gilman Law LLP, a national securities law firm, announces class action securities fraud suit against Kosmos Energy, Ltd. (“Kosmos Energy”) (NYSE: KOS) and certain of its officers and directors for allegedly violating Federal ...more »

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 »

Commercial Bankruptcy
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Sale of Crystal Cathedral delayed
Los Angeles TimesFebruary 1, 2012

One reason is a purported 99-year lease brought to the Bankruptcy Court's attention days before the deal with the Roman Catholic Diocese of Orange was to close. The Crystal Cathedral in Garden Grove is being sold to the Roman Catholic Diocese of Orange ...more »

Internal Investigative Services
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FBI may be investigating drug ring cover-up
Danbury News TimesFebruary 5, 2012

In March 2011, Duda, a 25-year department veteran, was fired as the result of an internal investigation that determined he authorized and participated in the destruction of department computer equipment. Boyne and Murphy said Duda's conduct was unfit ...more »

Commercial Leasing
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High court overturns theft conviction of ex-credit union executive
phillyBurbs.comFebruary 2, 2012

A three-member judicial panel ruled that Anne L. Clyburn, 45, of Chester County, must receive a new trial because she did not "knowingly" waive her right to be represented by a lawyer at her three-day jury trial in July 2010.more »

International Transactions
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Turkish alight
The LawyerFebruary 6, 2012

Despite these dark spots, Turkey has in the past couple of years become a country of significant interest to international law firms. 2011 alone saw the arrival of Allen & Overy (A&O), Baker & McKenzie, Clifford Chance and Chadbourne & Parke, ...more »

Communications & Media
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RFID Journal Names Spectrum Marketing & Communications Preferred Partner for ...
PR Web (press release)February 1, 2012

The agreement provides exhibitors with support services to improve brand awareness, media exposure and lead-generation capabilities. RFID Journal has designated Spectrum Marketing & Communications as the Preferred Marketing and Communications Partner ...more »

In new strategy, ObjectVideo agrees to license its video analytic software to ...
Government Security NewsFebruary 1, 2012

After the ITC announced on July 27, 2011 that it would, indeed, launch an investigation of the alleged violations of section 337 of the Tariff Act of 1930, the US District Court temporarily set aside its case, pending the outcome of the ITC's action, ...more »

Construction & Development
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Austin Car Accident Lawyer Says Texas Needs To Crack Down On Drunk Driving And ...
PR Web (press release)February 1, 2012

Texas personal injury attorney Bob Richardson of The Bob Richardson Law Firm points to recently released statistics showing that the state's drunk-driving fatalities have increased while the country's overall figures have gone down.more »

Locating Funds
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Kansas governor's sweeping school proposal to keep legislators attention in ...
The RepublicFebruary 4, 2012

There is some hope among the administration and legislators that changes to the law could render a case pending in Shawnee County moot. Schodorf said she thinks even if there isn't a change in the formula that the state should put more money in public ...more »

Contracts Involving State & Minicipality
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Rutherford sets decision date on police director's retirement
NorthJersey.comFebruary 1, 2012

BY DEON J. HAMPTON RUTHERFORD – Police Director John Thompson must wait until midmonth to find out whether the Borough Council will allow him to break his contract and retire, officials said Tuesday. Thompson notified the municipality last month that ...more »

Mergers, Acquisitions & Divestitures
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Proposals of the Board of Directors of Ahlstrom Corporation to the Annual ...
ReutersFebruary 1, 2012

Previously, she has held several international expert and managerial positions at Pöyry Consulting Oy in the areas of strategy as well as mergers and acquisitions serving the specialty paper and packaging industry. She resides in Singapore.more »

Corporate Finance & Taxation
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2nd half real estate taxes due date may change
Mechanicsville LocalFebruary 1, 2012

By Jim Fields The Hanover County Board of Supervisors has instructed the Finance Committee to examine the effect of moving the due date for second half real estate taxes from Oct. 5 to Dec. 5, a move that could cost the county more than $400000.more »

Mortgages & Foreclosures
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Foreclosure Deal Would Give States Future Authority To Punish Firms
Huffington PostFebruary 1, 2012

For decades, big banks fought state efforts to enforce consumer protection laws by arguing that national banking laws pre-empted their authority. Under the settlement, the banks will set up internal quality control groups to assess their mortgage ...more »

Creditor's Rights
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Summary Box: Greece, IMF expect crucial deals on debt swap, bailout to be ...
Washington PostFebruary 1, 2012

TALKS INTENSIFY: A Greek government spokesman said two sets of talks, one with private creditors to take losses on bonds they hold and the other with the international community for new bailout loans, must be completed within days to beat a March 20 ...more »

Non-Profit Corporations
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About the National Center for Missing & Exploited Children
Virtual Press Office (press release)February 2, 2012

The National Center for Missing & Exploited Children is a 501(c)(3) nonprofit organization established in 1984. Designated by Congress to serve as the nation's clearinghouse, the organization has operated the toll-free 24-hour national missing ...more »

Customs Disputes
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Cleared Broward cigarette smuggling defendant: 'My life has been turned upside ...
Sun-SentinelFebruary 1, 2012

One day after his uncommon victory, Marrero said he believes the US attorney's office and Immigration and Customs Enforcement tried to railroad him. "How the government assumed that I was a co-conspirator is beyond me," Marrero, 48, of Davie, ...more »

Professional Corporations
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Prosecution, defense tackle CJ's P11M advance
ABS CBN NewsFebruary 1, 2012

Defense lawyer Serafin Cuevas asked, “How far did your examination go in connection with [your subpoena?] Did you take pains to dig deeper into the affairs of the company?” Cataran answered: “No, because it's license was already revoked in 2003.more »

Debt Collection
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Swiss Bank Wegelin Indicted on US Tax Charges
Wall Street JournalFebruary 3, 2012

"Wegelin Bank aided and abetted US taxpayers who were in flagrant violation of the tax code," said Preet Bharara, the US attorney in Manhattan. "And they were undeterred by the crystal-clear warning they got when they learned that UBS was under ...more »

Public Offerings
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Bergen County native is tapped to lead division of state Attorney General's Office
NorthJersey.comFebruary 1, 2012

He most recently specialized in white collar criminal defense and complex business litigation, according to Lowenstein's website. “Chris Porrino is an outstanding attorney who has established a track record as an excellent litigator, a leader, ...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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Letter: Council Republicans Defend Fire Dept. Restructuring
Patch.comFebruary 6, 2012

This is an open letter to the taxpayers of North Kingstown to clarify the facts regarding fire negations and the reorganization of the fire department by ordinance. As explicitly stated in section 14-26-c and 14-26-d of the ordinance, the salary and ...more »

Directors' & Officers' Liability
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Bluefly Announces Management Changes
MarketWatch (press release)February 2, 2012

Most recently, Mr. Park was SVP of Consumer Digital Products at HarperCollins where he co-founded, a group buying e-commerce website for avid book readers and spearheaded their overall consumer digital and monetization strategy.more »

State & Minicipal Bonds
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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 »

False Advertising
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A screen grab from The Hindu's advertisement
Wall Street Journal (blog)February 1, 2012

A battle of brands between two of India's leading English dailies is brewing, with The Hindu newspaper launching an advertisement campaign suggesting that The Times of India contains trivial news that leaves its readers unenlightened on issues that ...more »

Trade Associations
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STOCK Act passes in the Senate
CBS NewsFebruary 2, 2012

Members of Congress are already subject to insider trading laws. But it is currently within the law for a lawmaker to buy a company's stock after learning, for example, that an upcoming bill will grant that company a large government contract.more »

Federal Contracts
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Indiana right-to-work law: Gov. Mitch Daniels makes it done deal
Los Angeles TimesFebruary 1, 2012

Unions dislike such a law because, they say, it creates free riders: people who benefit from union-negotiated contracts without having to pay for the cost of bargaining or maintaining the contract. Conservatives argue that forcing someone to pay dues ...more »

Unfair Competition
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Inside-Trading 'Club,' Citigroup, Total in Court News
BusinessWeekFebruary 15, 2012

By Elizabeth Amon (Law firm corrects figure in second paragraph of Raymond James-Towry item in Verdicts section.) Feb. 15 (Bloomberg) -- Four men arrested last month for allegedly participating in a “criminal club” that made almost $62 million using ...more »

Federal Grants
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Federal Smart Grid Grant Recipients Lack Cybersecurity Plans
Renew GridFebruary 1, 2012

In addition to cybersecurity issues, problems cited in the report include improper use of $1.8 million in federal funds to meet grant cost-share obligations and overpayment of more than $300000. Grant recipients were obligated to submit security plans ...more »

Venture Capital
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Deloitte: Facebook IPO could help local start-ups
Jerusalem PostFebruary 5, 2012

The excitement surrounding the expected sale of the social network and publication of its vital statistics should trigger fresh global interest in venture-capital investment in Internet and new-media start-ups, the firm said in its quarterly VC ...more »


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