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

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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 »

Medicare program's enrollment up, premiums down
USA TODAYFebruary 1, 2012

That continues a trend for the Medicare Advantage program that counters the negative predictions of opponents of the 2010 health care law, who said enrollment would drop and premiums would rise. "Premiums are down on average, enrollment is up, ...more »

Business Law News and Stories

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Editorial: Finally, Ed Martin chooses a race befitting his unique skills
STLtoday.comFebruary 1, 2012

Republican Ed Martin hasn't yet asked for our endorsement as he seeks the Republican nomination for Missouri attorney general, but, as he begins his reconnoitered campaign, we suggest an aggressive advertising strategy. Who among potential candidates ...more »

Foreign Investments
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To invest more in India: Japan envoy
Times of IndiaFebruary 1, 2012

Saiki said this at the Gujarat National Law University (GNLU) while speaking at a lecture series at the university's Centre for Foreign Policy and Security Studies. "The investment trend is going to go upward in the next few years," said Saiki talking ...more »

Antitrust Law, Domestic
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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 »

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World Micro Signs Franchise Distribution Agreement With Battery Giant, ZEUS ...
Sacramento BeeFebruary 1, 2012

1, 2012 /PRNewswire/ -- World Micro, a global distributor of electronic components serving the electronics, commercial, military, medical, and aerospace markets, announced today that it has signed a franchise distribution agreement with ZEUS Battery ...more »

Gaming Law
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Tribes: Conn. has unregulated online gambling
CBS NewsFebruary 2, 2012

Representatives from both the Mashantucket Pequot and Mohegan Tribes said if the state ultimately decides to pass legislation legalizing online gambling, their two successful casinos in southeastern Connecticut could run a regulated system that would ...more »

Banking Law
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Taxes Are Forever (but tax laws may well be changing)
BankInvestmentConsultant.comFebruary 1, 2012

In addition, a 3.8% surtax on investment income in excess of $200000 will take effect in 2013. For clients with substantial investment income, the effects will feel Draconian. Worst-case scenario: The marginal tax rate on qualified dividends-those paid ...more »

Government Construction Contracts
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Iran Gasoline Imports Fall as Nation Adapts to Tighter Sanctions, GAO Says
BloombergFebruary 1, 2012

The sanctions made 10 firms ineligible to receive US government contracts, and the administration is in the process of listing the remaining three, the second report said. Fewer Sellers None of the 13 firms sanctioned by the State Department held US ...more »

Business Formation
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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 »

Institutional Investing
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Ex-Credit Suisse traders charged in subprime case
Reuters UKFebruary 1, 2012

By Grant McCool | NEW YORK (Reuters) - Several former Credit Suisse traders manipulated the books on mortgage-backed securities when the US real estate market slumped in 2007 and 2008, two of the former traders at the investment bank said in court on ...more »

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Cohen & Grigsby's Florida Office Relocates to Mercato in Naples
MarketWatch (press release)February 1, 2012

The firm's practice areas include Business & Tax, Labor & Employment, Immigration/International Business, Real Estate & Public Finance, Litigation, Estates & Trust, Intellectual Property, Bankruptcy & Creditors Rights, and Public Affairs.more »

Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the Class ...
MarketWatch (press release)February 7, 2012

BENSALEM, Pa., Feb 06, 2012 (BUSINESS WIRE) -- Law Offices of Howard G. Smith announces that all persons or entities who purchased the securities of TranS1 Inc. ("TranS1" or the "Company") /quotes/zigman/107307/quotes/nls/tson TSON -4.06% between ...more »

Commercial Bankruptcy
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Chrysler Posts First Full-Year Profit, Raises Revenue Forecast
Wall Street JournalFebruary 1, 2012

By JEFF BENNETT DETROIT—Chrysler Group LLC reported a fourth-quarter and full-year profit for the first time since emerging from bankruptcy in 2009 as the auto maker increased its world-wide shipments of new vehicles and nabbed a bigger piece of the ...more »

Internal Investigative Services
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DOJ paying legal fees for prosecutors who botched case
USA TODAYFebruary 2, 2012

Records obtained under the Freedom of Information Act show the department paid about $1.6 million since 2009 to private lawyers representing the six prosecutors targeted by that court investigation. It paid an additional $208000 to defend three ...more »

Commercial Leasing
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Bounty hunters need not apply here
Philadelphia InquirerFebruary 1, 2012

So it's hard to see how saddling crime suspects and their families with the cost of a commercial bond will be an improvement. Instead, the city needs to move quickly to update guidelines for who's a flight risk or poses a criminal threat. The Jan.more »

International Transactions
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Wanted: A law on cyber security
The Nation NewspaperFebruary 1, 2012

He said the risks of cybercrime and other online vices could make many international investors to be wary of transacting businesses online. Ewelukwa said delay in passage of all bills relating to safe online transactions into law may make other African ...more »

Communications & Media
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Gold Rush to Burma as Country Opens Up
Jakarta GlobeFebruary 1, 2012

Investors are scouting for opportunities in a country with much untapped potential across the board, from mining and energy to tourism and telecommunications. “Things are beginning to fall into place in Myanmar,” observed Singapore-based Manu Bhaskaran ...more »

From the Experts: Head In(to) the Cloud?
Corporate CounselFebruary 1, 2012

Traditionally, business software vendors have licensed and priced their products in one of three ways: (1) per user; (2) per device or processor (CPU); or (3) per enterprise, covering all users and devices within an organization.more »

Construction & Development
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Kansas Immigration Hardliner Fights Plan to Allow Undocumented Workers
Fox NewsFebruary 1, 2012

The proposal, by business groups, calls for undocumented immigrants to be able to remain in Kansas if they work in jobs in agriculture and other industries that are struggling through labor shortages. Kobach, a former law professor who helped draft ...more »

Locating Funds
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INFLUENCE GAME: Big donors and what they want
Fox NewsFebruary 3, 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 »

Contracts Involving State & Minicipality
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Rural/Metro gets OK to buy rival Professional Medical Transport
AZ Central.comFebruary 1, 2012

With that precedent, some Valley municipalities may seek to establish their own ambulance companies. "To a large extent, it will depend on whether they have that need and establish that need," Humble said. Scottsdale's contract with PMT Ambulance ...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 »

Controlled Substances Law
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DEA aims big in Cardinal Health painkiller case
USA TODAYFebruary 28, 2012

Under the federal Controlled Substances Act, the DEA regulates every link in the supply chain for controlled substances such as oxycodone and hydrocodone, including manufacturers, distributors, doctors and pharmacies. About 1.4 million entities have ...more »

Mortgages & Foreclosures
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California not among states that OK bank settlement
Los Angeles TimesFebruary 7, 2012

More than 40 states signed onto a proposed $25-billion deal with major mortgage servicers over faulty foreclosure practices. New York, Nevada and Delaware joined California in holding out for better terms. California Atty. Gen.more »

Corporate Finance & Taxation
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Tax Trivia Giveaway #3: High Income Taxpayers
ForbesFebruary 1, 2012

While at law school, I interned at the estates attorney division of the IRS. At IRS, I participated in the review and audit of federal estate tax returns. I even took the lead on a successful audit. At audit, opposing counsel read my report, ...more »

Non-Profit Corporations
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A room of their own
YnetnewsFebruary 5, 2012

N. fled to the "Bat Melech" (Hebrew for “daughter of a king”) shelter, a non- profit organization. "I was non-existent. He paralyzed me," she said. It was only after five hard years of abuse and oppression that N. dared to leave her husband.more »

Creditor's Rights
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American Airlines Layoffs Don't Bode Well For Frequent Flyers
ForbesFebruary 2, 2012

That's terrible news for company employees and their families. It's also bad news for people who have accumulated frequent flyer miles. After AMR Corporation, American's parent company, filed for Chapter 11 bankruptcy protection in November, ...more »

Professional Corporations
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CDW LLC and CDW Finance Corporation Commence Tender Offer and Consent ...
MarketWatch (press release)February 3, 2012

Notes tendered after the Consent Date, but prior to the Expiration Date, may not be withdrawn, except in limited circumstances where withdrawal rights are required by law. Barclays Capital Inc. is acting as the dealer manager and solicitation agent and ...more »

Customs Disputes
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Immigration holds at jail raise questions
Santa Fe New Mexican.comFebruary 1, 2012

Santa Fe County jail officials cooperate with immigration and customs agents to the extent required by law, no more, no less, according to Santa Fe County Attorney Steve Ross. At a hearing Thursday, he acknowledged that Santa Fe has been classified by ...more »

Public Offerings
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BofA, JPMorgan Chase Sued by New York Over Mortgage Registry
BusinessWeekFebruary 3, 2012

3 (Bloomberg) -- Bank of America Corp., Wells Fargo & Co. and JPMorgan Chase & Co. were sued by New York Attorney General Eric Schneiderman over the use of a mortgage database that the state said led to improper foreclosures.more »

Debt Collection
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Prosecutors see battle to open Corona bank records
ABS CBN NewsFebruary 2, 2012

Impeachment spokesman Miro Quimbo said they understand if banks would hesitate to release the accounts but he reminded them that impeachment trials are exempted from the protection of the Bank Secrecy Law. He said prosecutors are prepared for the ...more »

Reorganizations & Restructuring
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American's Views on Restructuring, and Rivals
BusinessWeekFebruary 6, 2012

Horton says the company needs to focus on its reorganization and not a merger, and that American is a potential acquirer after its house is in order. (My colleague Mary Schlangenstein explored this theme today.) “It's not hard to see how we can be a ...more »

Debt Settlement
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Feds collect fine from GM for Superfund cleanup
Legal News LineFebruary 1, 2012

BY MICHAEL P. TREMOGLIE NEW YORK -- The federal government has entered into a an agreement with a successor trust to the Chapter 11 debtor Motors Liquidation Company, formerly known as General Motors Corporation. The settlement involved the bankrupt ...more »

State & Minicipal Bonds
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Businesses Knock New State Law Requiring Employers To Verify Salaries
WGRZ-TVFebruary 2, 2012

Businesses and some state lawmakers are railing against the law and are seeking to change it. "The paperwork is not justified," said Sen. John DeFrancisco, R-Syracuse, who is sponsoring a bill to revoke the yearly reporting standard.more »

Directors' & Officers' Liability
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Brooke Goldstein Speaking at the Philadelphia Chapter of the Freedom Center ...
FrontPage MagazineFebruary 1, 2012

Media insurance can cost you around $1500 a year, depending on your risk-liability, but it's super-important and an expense well-spent. Number two, always have a second pair of eyes, preferably an attorney, read over your article with the goal of ...more »

Trade Associations
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Momentum builds to require feds to disclose stock trades5:01 PM ET
GovExec.comFebruary 3, 2012

The scientists and doctors say the information gathered on them contributed to harassment and wrongful termination, the Post reports. Bill is aimed at fighting unjustified insourcing in federal procurement. Federal pay takes another hit in legislation ...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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Firm Alleges Defendants Misappropriated Trade Secrets, Privileged Info
Texas LawyerFebruary 1, 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 Contracts
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Top Lawyers of Acadiana
My New OrleansFebruary 1, 2012

The three-man team was composed of Block; Charles Aycock, a sole practitioner from Houston; and Campbell Hutchinson, a partner in a large New Orleans law firm. Block remembers that the difficulty of the case came from Texaco's “tremendous political and ...more »

Venture Capital
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Google to the rescue
Boston GlobeFebruary 6, 2012

In November, Google's venture capital arm, Google Ventures, was the lead investor in a $2.1 million round of funding for the company, which has 24 employees. While private venture capital firms and the investment wings of big corporations are staffed ...more »

Federal Grants
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Government Contractors and Grant Recipients: Don't Forget to Renew CCR ...
San Francisco Chronicle (press release)February 2, 2012

Federal regulations such as the Small Business Act and assistance programs like the 8(a) Business Development Program also help create in-roads for small businesses to compete for government contracts. Business owners can get immediate contracting help ...more »


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