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

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Local charity drops Catholic affiliation, will place kids with couples in ...
WPSD Local 6February 1, 2012

In June, Illinois lawmakers made it legal for same-sex couples to enter into civil unions, meaning they have the same rights as married couples. That includes the ability to become foster parents. With the new law came the stipulation that any ...more »

Victory For Landmark WWII Veterans Memorial: Jesus Statue To Remain On Big ...
MarketWatch (press release)February 1, 2012

31, 2012 /PRNewswire via COMTEX/ -- US Forest Service's Renewal of Jesus Statue Permit Seen as Triumph Over Attempted Government Religious Viewpoint Discrimination Today, Liberty Institute announces a great victory for veterans, the Knights of Columbus ...more »

Business Law News and Stories

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Group mulls hedge fund advertising, crowdsourcing capital
Ct PostFebruary 1, 2012

A government advisory panel is considering moves that would allow startups to raise money online and permit hedge funds to advertise. On Wednesday, the US Securities and Exchange Commission's Advisory Committee on Small and Emerging Companies will meet ...more »

Foreign Investments
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Basra's Investment Commission scores 47 visas for foreign investors
Aswat Al IraqFebruary 1, 2012

"The forthcoming period shall witness the entrance of foreign investors into Basra to study its investment map and get acquainted with the facilities, along with understanding the Iraq's Investment Law, along with guarantees and facilities, ...more »

Antitrust Law, Domestic
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America is due a strong president, if recent history holds true
Washington TimesFebruary 1, 2012

He forced the Northwest railroad combination to dissolve and other “trust busting” endeavors through the Sherman Antitrust Act. He placed thousands of acres into federal hands and paved the way for presidents after him to do the same.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 rules govern chip color, size, more
Zanesville Times RecorderFebruary 3, 2012

The rules make it clear who's not welcome in the casino employee ranks. The commission must consider factors including connections to mobsters and "other persons of disreputable character," people with a bankruptcy in the last 10 years and people with ...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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United States DoD contracts for January 31, 2012
defproFebruary 1, 2012

Hensel Phelps Construction Co., Irvine, Calif., is being awarded a $56463304 fixed-price modification under a previously awarded firm-fixed-price contract (N62473-12-C-1406) to exercise option 0001 which provides for the construction of a helicopter ...more »

Business Formation
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FedFirst Financial Corporation Announces Fourth Quarter and Year-to-Date 2011 ...
Business Wire (press release)February 1, 2012

(BUSINESS WIRE)--FedFirst Financial Corporation (NASDAQ Capital: FFCO; the “Company”), the parent company of First Federal Savings Bank (the “Bank”), today announced net income of $55000 for the three months ended December 31, 2011 compared to a net ...more »

Institutional Investing
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Bacterin Retains Hayden IR to Develop Strategic Investor Relations Program
Sacramento BeeFebruary 2, 2012

Important Cautions Regarding Forward-looking StatementsThis news release contains certain disclosures that may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to ...more »

Business Law
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Unpaid legal bills trail presidential campaigns, sometimes for years
Washington PostFebruary 5, 2012

... risk — a few hundred thousand dollars is negligible for big law firms — is often eclipsed by the prestige associated with a major campaign, and the prospect that an early connection with the right candidate can forge a path to future business.more »

'Gay' marriage trial videos to remain sealed
WND.comFebruary 2, 2012

“He is either a direct beneficiary of his ruling in the case, or a person with a close-enough personal interest in the case that his impartiality might reasonably have been questioned,” wrote John C. Eastman, the Henry Salvatori Professor of Law...more »

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Gov. Sam Brownback says lawmakers were warned about open meetings law
Dodge City Daily GlobeFebruary 1, 2012

Sam Brownback's official residence did not violate the state's open meetings law because he was careful to admonish those attending to avoid discussing legislative business, Brownback's chief counsel said. Brownback invited Republicans from 13 ...more »

Internal Investigative Services
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Issa tells AG that House panel will do what is necessary to get Justice ...
Washington PostFebruary 2, 2012

A month after Terry's death, Congress began hearing of problems with the probe. Under pressure from lawmakers, Holder has shaken up the leadership of ATF, and the Justice Department's inspector general is conducting an internal investigation of the ...more »

Commercial Bankruptcy
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American Airlines Seeks 13000 Job Cuts
New York TimesFebruary 1, 2012

American Airlines said Wednesday that it wanted to cut 13000 jobs and terminate its workers' pension plans as it seeks to cut its employee costs by 20 percent while operating in bankruptcy court. The company said its proposal would reduce overall costs ...more »

International Transactions
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New International British Virgin Islands Law Firm Launched
Law Firm Newswire (press release)February 1, 2012

In outlining the ethos behind Hempel and Boyd, Clinton explains: “We understand the support role played by the offshore lawyer in international transactions. We will not un-necessarily crowd the boardroom, or conference calls, or complicate ...more »

Commercial Leasing
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Community Bulletin and Business Briefs
Winter Park/Maitland ObserverFebruary 1, 2012

NAI Realvest negotiated a new lease agreement for 1991 square feet of office space in suite 104 at 1015 Maitland Center Commons Blvd. O,R&L welcomes Trey Vick, executive vice president of Commercial Real Estate Services. Altamonte Springs-based general ...more »

With Approval, Malaysia Refinery Expects to Open This Year
New York TimesFebruary 1, 2012

HONG KONG – Malaysian regulators granted an initial operating license late Wednesday for a giant rare earth metals refinery that has been at the center of a dispute over radioactive waste management. The refinery is expected to open in this year's ...more »

Communications & Media
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People heat up Congress on Internet bills
Clovis News JournalFebruary 1, 2012

The main threat of damage from SOPA and PIPA was to the vast social networking going on across the Internet, said Steven Titch, a telecommunications and media policy analyst at the Los Angeles-based Reason Foundation. The laws could have shut down ...more »

Locating Funds
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Teacher Fight Heating Up in Connecticut
Wall Street JournalFebruary 1, 2012

By SHELLY BANJO For years, Connecticut didn't adequately respond to a carrot held out by the federal government, failing to pass and implement strong enough laws to win hundreds of millions of dollars in Race to the Top education funding.more »

Construction & Development
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Sansom businesses rejoice end of Law School construction
The Daily PennsylvanianFebruary 1, 2012

By Huizhong Wu · January 31, 2012, 8:23 pm Some business owners on Sansom Street will heave a sigh of relief when the construction trucks drive away from Golkin Hall for the final time. The Law School's Golkin Hall — which opened Jan.more »

Mergers, Acquisitions & Divestitures
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Manufacturing Merger and Acquisition Activity Increases in 2011
IndustryWeekFebruary 2, 2012

Companies take a cautious approach with smaller deals; divestitures also increase as manufacturers shed less-profitable units. By Jonathan Katz The heavy industrial and metals sectors were the most active manufacturing segments engaged in merger and ...more »

Contracts Involving State & Minicipality
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Indiana Right-To-Work Bill Poised To Become Law
Huffington PostFebruary 1, 2012

Indiana would be the first state in a decade to enact a right-to-work law prohibiting labor contracts that require workers to pay union representation fees. The Indiana victory is expected to embolden national right-to-work advocates, ...more »

Mortgages & Foreclosures
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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 »

Corporate Finance & Taxation
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A Golden Headache
Financial-Planning.comFebruary 1, 2012

Investors who benefit from rising gold prices may find unexpected pitfalls in the tax code. By Donald Jay Korn Given the billions of dollars poured into gold investments over the past decade, most financial planners have clients with exposure to the ...more »

Non-Profit Corporations
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Navistar Hosts Analyst Day to Detail Strategy Driving Shareholder Value
MarketWatch (press release)February 1, 2012

The financial measures presented below of adjusted income and adjusted diluted earnings per share attributable to Navistar International Corporation, manufacturing segment profit, and adjusted manufacturing segment profit are unaudited and not in ...more »

Creditor's Rights
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Ronnie W. Whitlock, Sr. and Brenda Whitlock, foreclosure
Fergus Falls Daily JournalFebruary 1, 2012


Professional Corporations
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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 »

Customs Disputes
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Archdiocese backs bill to ensure more humane policy on deportations
Catholic San FranciscoFebruary 1, 2012

Some 2000 people, many of them Latinos who feel disproportionately targeted by what is known as the “Secure Communities” program of US Immigration and Customs Enforcement, attended an interfaith rally at St. Mary's Cathedral Jan. 28 to ask Gov.more »

Public Offerings
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Prosecutors study Cedar Crest dinners
Kansas City StarFebruary 4, 2012

By BRAD COOPER TOPEKA -- Shawnee County prosecutors have begun an investigation into whether legislators violated the state's open meetings law when they attended dinners at the governor's mansion. Shawnee County District Attorney Chad Taylor and his ...more »

Debt Collection
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US Regulators Weigh Volcker Exemption for Sovereign Debt
BusinessWeekFebruary 1, 2012

... will all be saying something similar -- which is the Volcker rule's extraterritorial reach will hinder these countries' sovereign debt markets,” said Douglas Landy, a Washington partner in law firm Allen & Overy LLP who represents Canadian banks.more »

Reorganizations & Restructuring
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DALPHIS Emerges from Chapter 11 as DALPHIS AMERICA
MarketWatch (press release)February 6, 2012

"Our financial and operational restructuring has placed Dalphis in a better position than we have ever been before," said Charles F. Duffley, president of Dalphis. "Upon emerging from reorganization, we have received solid financial support from a ...more »

Debt Settlement
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Leagle.comFebruary 1, 2012

Before the court is a Motion to Dismiss Complaint for Lack of Subject Matter Jurisdiction pursuant to Rule 12(b)(1) of the Federal Rules of Civil Procedure and Rule 7012 of the Federal Rules of Bankruptcy Procedure filed by defendants George Faris, ...more »

State & Minicipal Bonds
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Minnesota Plans For Exchange, Even Without New Law
Gant DailyFebruary 8, 2012

And prospects for a law's passage are not much better in the current session. The exchanges are online marketplaces, established by the federal health law, that will allow consumers and small businesses in a given state to buy health insurance based on ...more »

Directors' & Officers' Liability
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Big 'I' and Swiss Re Corporate Solutions Launch New Web Resource
Insurance News Net (press release)February 1, 2012

31 -- Independent Insurance Agents and Brokers of America issued the following news release: The Independent Agents & Brokers of America Big "I" Professional Liability Program and Swiss Re Corporate Solutions recently launched a new and improved risk ...more »

Trade Associations
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Former WTO lawyer to join US auditor watchdog
Thomson Reuters News & InsightFebruary 1, 2012

Wilson negotiated international agreements while serving more than 16 years in the Office of the US Trade Representative, including a commercial space launch agreement with China, the PCAOB said. He was recently in the international trade group of law...more »

False Advertising
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Sarah Palin: Mitt Romney's Negative Advertising 'Hurts The Electorate'
MediaiteFebruary 1, 2012

Fox News anchor Megyn Kelly asked Palin about whether Romney's ads led to Gingrich's downfall in the state. “I think again with $17 million purchasing ads in some respects in false narratives, it was very difficult for the other candidates to counter ...more »

Unfair Competition
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Sens Urge Congressional Leadership To Expedite Legislation To Help Protect ... (press release)February 13, 2012

“Congress should work to ensure that Ohio workers and families have protection against unfair trade practices from countries such as China,” said Portman, who initiated the first-ever legal case to be litigated and won against China before the World ...more »

Federal Contracts
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Golden Globes Trial: Les Moonves Says CBS Might Have Bid $25 Million for Show
Hollywood ReporterFebruary 1, 2012

If it did, say the lawyers for DCP, then the group did not need to vote in 2010 when it extended its contract once again with NBC. Or at least that is the theory the group is pushing before Judge A. Howard Matz in a downtown Los Angeles courtroom.more »

Venture Capital
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Clean-Tech Industry Facing Lean Times After Solyndra
NPRFebruary 2, 2012

Three years ago, venture capitalists were pouring billions of dollars into technologies like solar power, wind power, biofuels and fuel cells. The federal government followed, directing some $44.5 billion into clean technology from late 2009 to late ...more »

Federal Grants
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Ex-Penn State professor charged with grant fraud
Lebanon Daily NewsFebruary 1, 2012

A former Penn State professor has been charged with defrauding the federal government of a $3 million in research grants, the US attorney's office said Tuesday. In one grant application, Craig Grimes, 55, Raleigh, NC, represented to the National ...more »


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