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

Top Picks in News

Man charged with homicide in death of baby sitter
Bloomington PantagraphFebruary 1, 2012

Prosecutors charged a Utah man Tuesday with child abuse homicide in the overdose death of his teenage baby sitter whose body was found in a shallow grave more than a month after she was reported missing. Suspect Eric Millerberg also faces charges of ...more »

Judge in the dock to defend himself over Franco investigation
The IndependentFebruary 1, 2012

"When people disappear, it is a permanent crime, which no amnesty law can affect." Outside the court hundreds of supporters of the judge, including British historian Ian Gibson – who has investigated the murder of poet Federico Garcia Lorca by Franco's ...more »

Business Law News and Stories

Advertising
[read all news]
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 »

Foreign Investments
[read all news]
Investing In Secondary Markets
Seeking AlphaFebruary 2, 2012

Even more, Congress is looking to pass laws that could push even more liquidity to this market by doubling the amount of shareholders, to 1000, that private companies are allowed before needing to publicly disclose their finances.more »

Antitrust Law, Domestic
[read all news]
Cox Smith Selects Elegrity's LBMS™ Suite for Next-Generation New Business...
San Francisco Chronicle (press release)February 3, 2012

Elegrity's cutting edge software suite ushers in an exciting industry standard for law firm business process improvement and new business intake. Cox Smith Matthews Incorporated, a leading Texas business law and litigation firm, announced today that it ...more »

Franchising
[read all news]
American Franchise Spotlight: Express Employment Professionals
Fox BusinessFebruary 1, 2012

It typically takes about a month between the time a franchisee signs a franchising agreement and the time the franchise's doors open. Jason Carr opened the door to his Gainesville, Fla., office in September 2011. Carr had been an employee at the Ocala, ...more »

Gaming Law
[read all news]
Fine Point Group Files Motion to Enforce Tribal Court Judgment Against ...
PR Newswire (press release)February 1, 2012

1, 2012 /PRNewswire/ -- The Fine Point Group yesterday filed a motion in Pojoaque Tribal Court to enforce the decision of that same court in the face of continued interference by the Pueblo of Pojoaque Gaming Commission, whose conduct was previously ...more »

Banking Law
[read all news]
Credit Suisse Worker Surrenders to FBI as Prosecutors Said to Plan Charges
BloombergFebruary 1, 2012

US District Judge Alison Nathan asked Higgs why he committed the crime and whether there was a monetary benefit. “Yes -- a year-end bonus, your honor,” Higgs responded. Switzerland's second-largest bank said in 2008 it would take writedowns on ...more »

Government Construction Contracts
[read all news]
Sterling Construction Company, Inc. Announces an Expected After-Tax Loss for ...
MarketWatch (press release)February 2, 2012

Under the percentage-of-completion method of accounting, we evaluate estimated revenues and costs for our construction contracts in each reporting period based on available information and experience. Actual amounts can differ materially from those ...more »

Business Formation
[read all news]
Prosecutors in Charlie White's trial say documents prove voter fraud
Indianapolis StarFebruary 1, 2012

Confusion over White's address from late 2009 through 2010 led a grand jury to indict him on seven felony charges, including theft and voter fraud, in March. If convicted of any of those charges, he'll lose his elected position and face prison time.more »

Institutional Investing
[read all news]
Czech NGO mounts legal challenge over 'free' ČEZ emissions
Czech PositionFebruary 1, 2012

Czech NGO Environmental Law Service (EPS) says the challenge could cost ČEZ billions of crowns if it is successful. Basically, EPS is preparing to argue in Brussels that ČEZ's claims to “free” emissions allowances for work carried out on two of its ...more »

Business Law
[read all news]
Lakewood cigar, hookah bars fear law change could destroy their businesses
Denver PostFebruary 6, 2012

The Lakewood City Council will consider strengthening the current smoking law, which is in line with the Colorado Clean Indoor Air Act, which allows certain businesses the smoking option. City staff, along with an ad hoc committee, ...more »

Burma Farmers Fear Land Act
The Irrawaddy News MagazineFebruary 3, 2012

According to a November statement of the AHRC, the new act, “is a law that has been written for the interests of powerful businessmen whose companies are already causing massive hardship and misery to people in various parts of Burma, ...more »

Commercial
[read all news]
Coffee Break: Law firm grows in Houston
Memphis Commercial AppealFebruary 2, 2012

The firm manages investments for state and local government agencies in Western states including Nevada and California. FTN, an investment firm owned by First Tennessee Bank, said Main Street will broaden its services into public funds asset management ...more »

Internal Investigative Services
[read all news]
Report backs allegations of abuses
Toledo BladeFebruary 2, 2012

In one case, two contractors submitted three home-rehab bids that were nearly identical, with the exception of a few differences that gave one contractor an advantage. The losing contractor, Sam Khalaf of CSK Construction, alleged that his sealed bids ...more »

Commercial Bankruptcy
[read all news]
Bankruptcy filings hit 5-year low
Toledo BladeFebruary 2, 2012

BY JON CHAVEZ Bankruptcy filings in January in US Bankruptcy Court in Toledo fell to their lowest monthly total in five years, according to figures released Wednesday. A total of 326 cases was filed for the 21-county region handled by the Toledo court.more »

International Transactions
[read all news]
Japan's Dilemma Over Iran Sanctions
The AtlanticFebruary 1, 2012

Prime Minister Yoshihiko Noda's government has indicated its desire to cooperate, and last December the Ministry of Foreign Affairs announced new restrictions on the operations of 106 entities as well as one individual with potential links to ...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 »

Balochistan questions ICC jurisdiction, says TCC's claim in violation of ...
The News InternationalFebruary 3, 2012

In this instance, if the admitted purpose of the Joint Venture Agreements is to circumvent the licensing regime under the Regulation of Mines and Oil-field and Mineral Development Act 1948 (Mines Act 1948) and the Balochistan Mining Concession Rules ...more »

Communications & Media
[read all news]
India Court Cancels 122 Telecom Licenses
Wall Street JournalFebruary 2, 2012

BY R JAI KRISHNA NEW DELHI -- India's top court Thursday ordered the Department of Telecommunications to cancel all the 122 mobile telecom services licenses it allotted after January 2008. This copy is for your personal, non-commercial use only.more »

Locating Funds
[read all news]
George F. Will: Niggling campaign laws are squeezing the life from free speech
National PostFebruary 2, 2012

A Washington state law is notably protective of the political class: There must be litigation before a campaign to recall a public official can start, and lawyers are essentially forbidden from volunteering their help with that litigation.more »

Construction & Development
[read all news]
Davis Polk Welcomes Senior Federal Prosecutor, Greg D. Andres, to Its White ...
EON: Enhanced Online News (press release)February 1, 2012

From 2007 to 2010, Mr. Andres served as the Chief of the Criminal Division of the US Attorney's Office in the Eastern District of New York. He was an associate in Davis Polk's Litigation Department from 1997 to 1999, when he left the firm to become an ...more »

Mergers, Acquisitions & Divestitures
[read all news]
Canadian Mid-Market M&A Firm Receives Prestigious Awards
PR.com (press release)February 12, 2012

Oakville, Canada, February 12, 2012 --(PR.com)-- Corporate Finance Associates (CFA), a leading middle market mergers and acquisitions (M&A) firm, announced today that Office of the Year is awarded to CFA Oakville (Toronto), Ontario.more »

Contracts Involving State & Minicipality
[read all news]
Caldeira: Franchises Offer a Valuable Avenue to Job Creation
Roll Call (subscription)February 1, 2012

For every $1 million lent to franchise businesses, 34 new jobs are created. Regarding regulations, the House has already passed bills addressing the overreach of the National Labor Relations Board and the health care law. A recent Hudson Institute ...more »

Mortgages & Foreclosures
[read all news]
Foreclosure Battle: DeLauro Pitches Reform
Patch.comFebruary 1, 2012

In an effort to curb the rate of foreclosed homes, new legislation proposed by Congresswoman Rosa DeLauro aims to make good communication between distressed homeowners and lenders the law. Under the Democrat's proposal, if lenders don't follow the ...more »

Corporate Finance & Taxation
[read all news]
New business tax on the cards
Moneyweb.co.zaFebruary 1, 2012

SA businesses, operating in a difficult economic environment with already stifling costs of doing business have “their backs to the wall” and can ill-afford an additional administrative and financial cost, says the opposition.more »

Non-Profit Corporations
[read all news]
New York Rolls Out New Kind of Corporation
CSRwire.com (press release)February 10, 2012

“The creation of benefit corporations in New York is a testament to the strength of this global movement to redefine success in business” said Andrew Kassoy, Co-Founder of B Lab, a non-profit organization that supported the legislation.more »

Creditor's Rights
[read all news]
AMR wants to cut 13000 jobs, pensions
Bangladesh News 24 hoursFebruary 2, 2012

WASHINGTON, Feb 2 (bdnews24.com/Reuters) - AMR Corp, the parent of bankrupt American Airlines, wants to slash 13000 jobs and terminate employee pension plans as part of a cost-cutting strategy the carrier says is necessary to compete with rivals.more »

Professional Corporations
[read all news]
Complete Discovery Source Expands Into San Francisco and Chicago
MarketWatch (press release)February 2, 2012

The company partners with law firms and corporate legal departments to provide electronic discovery services for litigation and investigations. The addition of these offices is a direct response to client demand and will allow CDS to better support ...more »

Customs Disputes
[read all news]
Acta goes too far, says MEP
The GuardianFebruary 1, 2012

In an exclusive interview with the Guardian, Kader Arif – a member of the European Parliament's international trade group, who was the lead negotiator over Acta – said that despite talks over the agreement having begun in 2007, "the European Parliament ...more »

Public Offerings
[read all news]
State says Marlborough City Council violated Open Meeting Law
MetroWest Daily NewsFebruary 2, 2012

City Councilors say the move wasn't one to skirt public scrutiny — the Finance Committee posted the meeting, which was televised on cable access. The Attorney General's office found that the misstep wasn'ta deliberate violation of the Open Meeting Law ...more »

Debt Collection
[read all news]
AMR Poised to Open Labor Talks With 10000 Job Cuts Possible
BusinessWeekFebruary 1, 2012

29 Chapter 11 filing to chip away at what the company says is a disadvantage in labor spending to competitors that relied on court protection to shed costs and boost productivity in the past decade. If AMR can't get unions to go along, the airline can ...more »

Reorganizations & Restructuring
[read all news]
North Texas officials and local leaders react to American's restructuring plans
Fort Worth Star Telegram (blog)February 2, 2012

The unions and management need to work together in a constructive way to make sure American comes out of this reorganization as a strong and successful company." US Rep. Michael Burgess, R-Lewisville: “I think it was a given whenthey filed for ...more »

Debt Settlement
[read all news]
Judge approves settlement in WaMu bankruptcy
BusinessWeekFebruary 2, 2012

By RANDALL CHASE A Delaware bankruptcy judge on Wednesday said she would approve a settlement between bank holding company Washington Mutual Inc. and a group of investors who had argued unsuccessfully that they held claims against it worth more than ...more »

State & Minicipal Bonds
[read all news]
Kansas Immigration Law: Kansas's Business Owners Ask Legislators To Start ...
Huffington PostFebruary 1, 2012

Businesses hiring the immigrants would have to follow federal labor laws. The Washington-based Pew Hispanic Center estimates that Kansas had 45000 illegal immigrant workers in 2010, accounting for about 3 percent of its workforce.more »

Directors' & Officers' Liability
[read all news]
Muchadeyi Masunda's corporate incest stinks
The Zimbabwe GuardianFebruary 1, 2012

BULAWAYO-born Harare Mayor, Muchadeyi 'Muchie” Masunda is a Chairman of nine private sector boards and director in three others. The man's unbridled appetite for appointments in several entities that have contesting interest stinks!more »

Trade Associations
[read all news]
Caught in the ACTA
Sofia EchoFebruary 3, 2012

Protest rallies against the international treaty, which many online freedom groups and lawyers say opens the door for strict policing of online space, are planned for February 11 in major Bulgarian cities. The date has been chosen to coincide with ...more »

False Advertising
[read all news]
Indiana Senate vote puts state on verge of being first in decade to enact ...
CanadianBusiness.comFebruary 1, 2012

Indiana will be the first state in a decade to enact a right-to-work law prohibiting labour contracts that require workers to pay union representation fees. Indiana's move is expected to embolden national right-to-work advocates, ...more »

Unfair Competition
[read all news]
BASE METALS - European Opening View - Metals on a back footing following mixed ...
FXstreet.comFebruary 1, 2012

2.1 We do not guarantee that access to this Website will be continuously available and will not be liable if for any reason (including but not limited to) the Website being suspended temporarily and without notice in the case of system failure, ...more »

Federal Contracts
[read all news]
50000 state workers still without a contract
Albany Times UnionFebruary 2, 2012

Thanks to a state law known as the Triborough Amendment, many of the existing conditions in public employee labor contracts remain in place when the old agreement expires. Thus workers can still get the same health insurance and other benefits such as ...more »

Venture Capital
[read all news]
Facebook Math: $1 Invested Can Earn You $800
Daily BeastFebruary 3, 2012

The world of venture capital is rich with tales of colossal payoffs. The partners at Benchmark Capital invested $6.7 million in eBay in 1997—and saw their stake mushroom to $400 million when the company went public one year later.more »

Federal Grants
[read all news]
Senator Halts 9/11 Funding
Wall Street JournalFebruary 2, 2012

Coburn argued in a letter to Senate Minority Leader Mitch McConnell that the museum doesn't need its own, separate federal funding stream because it can already apply for— and has received—various federal grants. The move was first reported by ...more »

Archive

Legal and Criminal News in 2014
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
Assessment of Earning Capacity, Third EditionAssessment of Earning Capacity, Third Edition
by Michael S. Shahnasarian
  • List Price: $85.00
  • Price: $63.69
  • You Save: $21.31 (25%)
from $62.48
View
Patrick J DevineAttorney at LawPRACTICE AREA: Personal Injury, Professional Malpractice, Family Law, Criminal Defense, Business Law, Labor & Employment Law, Animal Law, Military Law & Military Benefits
Adam E ToremAttorney at LawPRACTICE AREA: Administrative Law, Environmental Law, Alternate Dispute Resolution, Military Law & Military Benefits