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

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Arbitration at Arm's Length: Are US Firms Missing an Opportunity in Asia?
The American LawyerFebruary 1, 2012

Four years ago, Paul Mitchard QC's firm, Skadden, Arps, Slate, Meagher & Flom, put him in charge of building an international dispute resolution practice in Asia. After trying -- and failing -- to find a suitable lawyer to head up an ...more »

Questions Arise Concerning Suspected Aiken Public Safety Officer Killer's ...
WJBF-TVFebruary 1, 2012

... Monday by 26-year-old Joshua Tremaine Jones, many people are wondering if the behavior of the man accused of shooting and killing Aiken Department of Public Safety Master Corporal Sandra Rogers was the result of a mental condition, or an act.more »

Business Law News and Stories

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Indiana University law, business students providing free tax assistance to low ...
The RepublicFebruary 1, 2012

AP BLOOMINGTON, Ind. — Indiana University law and business school students are providing free tax assistance to low-income, elderly and disabled residents. The students are participating in the Internal Revenue Service's Volunteer Income Tax ...more »

Foreign Investments
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Investing in Secondary Markets
Investment UFebruary 2, 2012

by Mike Kapsch, Investment U Research As Facebook joins the roughly 5100 public companies trading on major exchanges in the United States, only a week ago shares were swapping hands on a completely different market… the secondary market.more »

Antitrust Law, Domestic
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Businesses finding ways around anti-corruption law
Montreal GazetteFebruary 2, 2012

MONTREAL - Quebec's new anti-corruption legislation contains a loophole that allows businesspeople connected to companies that have been convicted of a criminal offence to own a stake in companies that obtain public sector construction contracts, ...more »

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Electric bills start to reflect hike
Pueblo ChieftainFebruary 1, 2012

The changes also affect franchise fees and sales taxes. Excluding franchise fees and taxes, the typical residential bill (using 600 kilowatt hours a month) will increase to $104.64 a month from $87.22 in December. Starting in November, the bill will ...more »

Gaming Law
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Gambling a College's Reputation on Climbing the Rankings
New York Times (blog)February 1, 2012

Also last year, the law schools of Villanova University and the University of Illinois acknowledged that they had misreported some statistics; Villanova conceded that its deception was intentional, while Illinois did not say.more »

Banking Law
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The man who shaped Obama's drive to hold banks accountable
Washington PostFebruary 1, 2012

Indeed, with no agency of government able to bring legal action, there would be no serious investigation of whether and how the banks broke the law. When Schneiderman learned of the proposed settlement, he said no. He was not willing to let the banks...more »

Government Construction Contracts
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Did Jim Graham try to undermine a Metro project?
Washington PostFebruary 4, 2012

The general construction and contract management firm had beaten rival companies in an open procurement process for the retail and residential project. But when the proposal came before Metro on April 24, Jim Graham (D), the District's representative ...more »

Business Formation
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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 »

Institutional Investing
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Tetragon Financial Group Limited (TFG) Announces Update on its Share ...
MarketWatch (press release)February 3, 2012

In addition, TFG has not been and will not be registered under the US Investment Company Act of 1940, and investors will not be entitled to the benefits of such Act. TFG is registered in the public register of the Netherlands Authority for the ...more »

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Collateral Consequences: Why Bar Sex Offenders From Business Loans?
Palisades Hudson Financial GroupFebruary 2, 2012

They probably do not expect to be asked whether they are former sex offenders. But those with businesses that want to take advantage of the Small Business Lending Fund (SBLF), created last year as part of the Small Business Jobs Act, had better be ...more »

CNB Financial Corporation Reports 2011 Earnings of $15.1 Million, a 33 ...
MarketWatch (press release)February 2, 2012

More information about CNB and CNB Bank may be found on the internet at . This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the ...more »

Commercial Bankruptcy
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Tribune's Bankruptcy Legal Bill Almost $231 Million So Far
All Access Music GroupFebruary 1, 2012

s three year bankruptcy and related litigation has reached almost $231 million and counting, according to the company's DECEMBER monthly operating report filed with Bankruptcy Court, reports CRAIN'S CHICAGO BUSINESS. The large figure was attributed by ...more »

Internal Investigative Services
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New allegations against police officer accused of coercing women to expose ...
Las Vegas Review-JournalFebruary 15, 2012

Metropolitan Police Department Assistant Sheriff Ray Flynn said Tuesday the new allegations against John Norman were investigated, but did not rise to the level of crimes. He added that separate internal investigations on each allegation of misconduct ...more »

Commercial Leasing
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Bills hire Frandina to oversee stadium renovations
Wall Street JournalFebruary 1, 2012

The study is expected to be completed in the next few months, and play a key role in lease negotiations with Erie County. The Bills' lease expires in the summer of 2013. Frandina is very familiar with the facility and also has an engineering background ...more »

International Transactions
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Interest-Rate Probe Widens
Wall Street JournalFebruary 4, 2012

By DEBORAH BALL, GORAN MIJUK and JOHN REVILL ZURICH—Regulators in Switzerland and the UK stepped up pressure on several Swiss and foreign banks, extending a probe into alleged manipulation of key interest rates and disclosing possible enforcement ...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 »

Anti-nuke groups plan court action to block Georgia plant (blog)February 8, 2012

But anti-nuclear activists are asking the commission to delay the vote as they prepare to file a federal suit next week against the proposed licensing. The groups contend the NRC will violate federal law if it issues the license, because, they contend, ...more »

Construction & Development
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(Click image for larger view.)
WKSU NewsFebruary 1, 2012

His execution scheduled for this month was halted by a federal court judge who says the state has failed to follow its own execution procedures. Pit bulls in Ohio would no longer be labeled as "vicious" dogs under a bill that has cleared the Ohio ...more »

Locating Funds
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Government 'broke law' on NGO funds
Times of MaltaFebruary 1, 2012

NGO Commissioner Kenneth Wain has accused the government of breaking the law by awarding unregistered organisations public funds as part of its overseas development aid programme. But the government denied it, citing a clause within the NGO Act that ...more »

Contracts Involving State & Minicipality
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Don't Trust, Verify MagazineFebruary 1, 2012

For the most part, executives understand the point of the 34-year-old law and have designed compliance programs to minimize the risk of their company or business partners violating the FCPA. Yet, straightforward as such compliance may sound, ...more »

Mergers, Acquisitions & Divestitures
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Spectra Energy Partners Reports Year End and Fourth Quarter 2011 Results ...
MarketWatch (press release)February 3, 2012

Distributions per limited partner unit for 2011 were $1.87, compared with $1.74 per limited partner unit for 2010, up 7.5 percent. The increase in net income and cash available for distribution reflects the acquisitions of an additional 24.5 percent ...more »

Corporate Finance & Taxation
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Beeman gets reprieve, but only for a week
GoErie.comFebruary 1, 2012

McLaughlin asked Ari Kunofsky, the tax attorney for the US Department of Justice. McLaughlin on Tuesday granted Beeman one last chance to roll back his tax case, first filed in 2010. The Internal Revenue Service is poised to auction off Beeman's four ...more »

Mortgages & Foreclosures
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Powers of HOAs in Texas reduced
San Antonio ExpressFebruary 3, 2012

The changes also make it harder for HOAs to foreclose because of unpaid fees. The regulations, passed by the Legislature last year, are considered the most sweeping reforms yet for property owner groups. Now, HOAs won't be able to keep you from ...more »

Creditor's Rights
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Correction: BC-CB--Turks and Caicos-Private Island story
Washington PostFebruary 6, 2012

The story also said Blixseth had filed for bankruptcy, but it was the business he co-founded, the Yellowstone Club, that filed for bankruptcy. The story noted that authorities and creditors claimed Blixseth diverted corporate funds for his own use, ...more »

Non-Profit Corporations
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Opinion: DEP Water Quality Management Rules -- An Opportunity, Not a Battle
Patch.comFebruary 3, 2012

By Lucy Vandenberg [Lucy Vandenberg is the executive director of PlanSmart NJ, a statewide nonprofit research and advocacy organization that advances the quality of community life through sound land use planning and regional cooperation.] ...more »

Customs Disputes
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New draft HMRC guidance suggests advice process will be VAT-exempt
Money MarketingFebruary 1, 2012

A revised draft version of HM Revenue & Customs' RDR guidance on VAT liability suggests the entire advice process will be exempt from VAT for most advisers. Draft guidance in October suggested advice becomes VAT-exempt where the client agrees to go ...more »

Professional Corporations
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American Tower Corporation Announces 2012 Annual Meeting Date
Business Wire (press release)February 1, 2012

Further, under American Tower's advance notice provisions in its Amended and Restated By-Laws, if a stockholder wants to submit a proposal for the 2012 Annual Meeting for presentation at the meeting pursuant to Delaware corporate law (as opposed to ...more »

Debt Collection
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UANI Launches SWIFT Campaign
MarketWatch (press release)February 1, 2012

On Monday January 30, based on research and information developed over the past weeks, UANI submitted a detailed legal explanation to SWIFT, international banking and regulatory officials, and US lawmakers, showing how SWIFT is in violation of US and ...more »

Public Offerings
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Ohio Makes Move to Become Right-to-Work State
NewsMax.comFebruary 2, 2012

By Sandy Fitzgerald Ohio Attorney General Mike DeWine Wednesday certified a petition for a constitutional amendment that would make Ohio a right-to-work state, the Columbus Dispatch reported. Amendment supporters gathered 1000 signatures and submitted ...more »

Debt Settlement
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RI gov seeks $400K more for Central Falls receiver
Atlanta Journal ConstitutionFebruary 1, 2012

By ERIKA NIEDOWSKI AP PROVIDENCE, RI — The cost of the state-appointed receiver and legal fees related to bankruptcy proceedings in the Rhode Island city of Central Falls is nearly $400000 more this fiscal year than budgeted, and the total spent on ...more »

Reorganizations & Restructuring
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Catalyst Paper shares suspended on TSX
Proactive Investors USA & CanadaFebruary 1, 2012

...reorganization plans under the Canada Business Corporations Act (CBCA). In early January, the paper maker filed for Chapter 15 creditor protection in the US and agreed a restructuring package in Canada that was supported by many of its bondholders.more »

Directors' & Officers' Liability
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Gwent Police settle with Robert Whatley over car chase
BBC NewsFebruary 2, 2012

The officers were later cleared in a disciplinary hearing and Gwent Police has made no admission of liability. BBC Wales understands the payment is in excess of £20000. Police said they decided to settle on financial grounds.more »

State & Minicipal Bonds
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Strip club tests limits of state law
Kansas City StarFebruary 2, 2012

Bazooka's, an adult entertainment venue in downtown Kansas City, now offers videos of its nude and seminude dancers on large, flat-screen televisions adjacent to the stage. While a dancer performs live with her intimate areas covered, as the law...more »

False Advertising
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Facebook Expects Boost in Brand Advertising
Women's Wear DailyFebruary 2, 2012

By Vicki M. Young Facebook said it expects branded firms to increasingly dedicate a portion of their advertising dollars to the social media site as it revealed plans to raise $5 billion in an initial public offering. The company said branded firms are ...more »

Trade Associations
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SEC: Law amendments needed to stamp out securities crimes
Bangkok PostFebruary 5, 2012

In the past, an investigation into a share-manipulation or insider-trading case could take as long as 2-3 years. Improved technology, better co-ordination among state agencies and greater understanding of the SEC Act have helped shorten the time to 18 ...more »

Federal Contracts
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Court of appeals rules on ship construction contract dispute
International Law OfficeFebruary 1, 2012

"in the Brazilian legal framework there is no legal rule determining that the registration of the vessel construction contract with the respective Maritime Registration Office is a requirement for the validity thereof. The effect of its registration is ...more »

Unfair Competition
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Firm Alleges Defendants Misappropriated Trade Secrets
Law.comFebruary 4, 2012

Houston's Shrader & Associates has been experiencing things lately that seem more like the plot of a legal thriller than reality at a small toxic-tort firm. In 2011, a former office manager at the firm, Tara Robertson Stevens, was charged with and ...more »

Federal Grants
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Swamy names top PMO babus in 2G scam
India TodayFebruary 1, 2012

Subramanian Swamy is not about to keep quiet about "officers in the PMO" who, according to the Supreme Court, "failed" to properly advise Prime Minister Manmohan Singh regarding grant of sanction for prosecution of A. Raja in the 2G case.more »

Venture Capital
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Cambridge Associates to Develop Indian Private Equity and Venture Capital...
MarketWatch (press release)February 1, 2012

BOSTON, MA and NEW DELHI, INDIA, Jan 31, 2012 (MARKETWIRE via COMTEX) -- The Indian Private Equity & Venture Capital Association (IVCA) is partnering with Cambridge Associates to provide extensive, independent Indian private equity and venture capital...more »


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