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

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SC Treasurer Sounds Alarm About State Investments
News Channel 7February 1, 2012

He says the legislature doesn't need to pass any new laws regarding the state's investments; the current laws just need to be enforced. So who enforces those laws? "In some cases it's the treasurer; some cases the Budget and Control Board; ...more »

The net closes on cyber-snoopers
The IndependentFebruary 1, 2012

Many internet users find these digital devices, which are used by websites to create personal profiles based on use of the Internet, intrusive. The data is used for Online Behavioural Advertising, allowing companies to direct their display adverts at ...more »

Business Law News and Stories

Advertising
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USDA Withdraws Rule Requiring Proof of Labor-Law Compliance
BusinessWeekFebruary 1, 2012

31 (Bloomberg) -- The US Department of Agriculture has withdrawn a plan requiring companies doing business with the agency to certify that their subcontractors are meeting labor laws, after groups including the Chamber of Commerce complained.more »

Foreign Investments
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The Am Law 100, the Early Numbers: Revenue Up, Profits Down Slightly at Cadwalader
The American LawyerFebruary 1, 2012

Cadwalader Wickersham & Taft enjoyed a modest uptick in revenue in 2011, the firm's first burst of top-line growth since 2007, according to The American Lawyer's reporting. The firm's gross revenue increased 4.4 percent to $448.5 million and revenue ...more »

Antitrust Law, Domestic
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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 »

Franchising
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Walt Disney to acquire controlling stake in UTV
Zee NewsFebruary 1, 2012

"In combining the creative capabilities of each company, we will integrate a large stable of vibrant brands and franchises in the branded entertainment space," Screwvala said. The Indian market offers huge potential as the middle class is expected to ...more »

Gaming Law
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Isle of Capri's Cape GM talks about hiring process
Southeast MissourianFebruary 1, 2012

Isle Cape Girardeau general manager Chet Koch told the Cape Girardeau Lions Club on Wednesday about the types of positions the new casino will offer and Missouri Gaming Commission's employee licensing regulations. Koch is speaking to several community ...more »

Banking Law
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McKinney: Laws prohibit online gambling
Ct PostFebruary 2, 2012

McKinney, R-Fairfield, said Wednesday that state and federal laws currently prohibit it and he will push for tougher, felony-level penalties in the upcoming legislative session. During an afternoon news conference, McKinney said Gov.more »

Government Construction Contracts
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GSA Exercises Baker's Option Period; Contract Extended Through 2017
MarketWatch (press release)February 2, 2012

Baker's Consolidated Schedule Contract can be accessed by any federal agency, DC government, various international organizations, and state and local governments (for certain GSA Programs only, such as Disaster Recovery and Cooperative IT Purchasing).more »

Business Formation
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Navistar Faces EPA Fines of Up To $2000 Per Heavy-Duty Engine
BusinessWeekFebruary 1, 2012

The Environmental Protection Agency issued an emergency rule yesterday on fines for truck-engine makers that don't meet federal nitrogen oxides standards, without naming the company. Transport Topics reported that the regulation applied to Navistar.more »

Institutional Investing
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Tufts to host 'Investing in Haiti' Feb. 11
Boston.comFebruary 9, 2012

... annual international business and investment symposium entitled “Investing in Haiti: Challenges, Strategies, and Opportunities”, to take place at Tufts University in the Cabot Auditorium of the Fletcher School of Law and Diplomacy on Saturday, ...more »

Commercial
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King & Spalding Continues Expansion of Its Litigation Practice With the ...
MarketWatch (press release)February 1, 2012

Balser represents Fortune 500 companies, privately held businesses, corporate officers and directors, and law firms in trials, arbitrations and appeals in complex business litigation matters throughout the United States. He represents both plaintiffs ...more »

Cornhusker Marriott changes hands to satisfy debt, documents show
Lincoln Journal StarFebruary 3, 2012

The sale took place in a New York law firm's office. The documents said the creditors reserved their rights to pursue the rest of what Bisaria owes. How a change in ownership would change the operations and franchise affiliation of the hotel at 13th ...more »

Commercial Bankruptcy
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Slavery Museum accountant: no fund discrepancy
MyrtleBeachOnline.comFebruary 1, 2012

The accountant, William Allan Jones, filed in US Bankruptcy Court copies of 22 canceled checks to architects and contractors to support his finding that all the funds were accounted for, contrary to a claim by the city of Fredericksburg.more »

Internal Investigative Services
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FBI vows to find source of leaked internal conference call
The AustralianFebruary 6, 2012

"A criminal investigation is under way to identify and hold accountable those responsible," the FBI said. Along with the audio recording, Anonymous posted online the email invitation from an FBI agent setting up the conference call for January 17.more »

Commercial Leasing
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Boutique firm secures two legal eagles
Legal Business OnlineFebruary 1, 2012

By ALB | Wednesday, 1 February 2012 Commercial lawyer Alan Cornell and commercial litigation and workplace relations specialist Ross Hodgens have joined boutique Melbourne firm Ponte Earl. Cornell has been a special counsel at Gadens Lawyers since 2006 ...more »

International Transactions
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International holding structure and the income tax law: Ramifications of ...
Business Recorder (blog)February 1, 2012

It is a capital gain within the jurisdiction where the property is located, that is India, and hence the transaction is liable to be taxed in India. M/s Vodafone pleaded that being foreign entity having no presence in India, not even a branch office, ...more »

Communications & Media
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Think TeleVisual Network, a Dramatic Reinvention of Television News, to be ...
MarketWatch (press release)February 1, 2012

He also created the first interactive music service, "1-800-MUSICNOW," acquired by MCI Telecommunications in 1995. Before forming SJS, Steve served as Director of Special Programming for NBC; previously, he served as Director of Marketing for Group W ...more »

High Court challenge to gun licence refusal is settled
Irish TimesFebruary 1, 2012

Terms include a fresh consideration of their applications “in accordance with law”. The claimants had alleged that their applications to obtain licences for the firearms in question were being refused on a blanket basis without any adequate reasons.more »

Construction & Development
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Grayson & Grayson Personal Injury Attorneys Announce Free Case Review for ...
PR.com (press release)February 1, 2012

Los Angeles Personal Injury law firm, Grayson & Grayson has announced free case review by top personal injury lawyers for victims of auto accidents including car wrecks, truck accidents, medical malpractice, dog bite injuries, bicycle accidents, ...more »

Locating Funds
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Infrastructure act includes toll credits for Route 219
Daily American OnlineFebruary 1, 2012

The American Energy and Infrastructure Jobs Act filed Tuesday would allow the use of toll credits for Appalachian highway projects such as Route 219. The toll credits would provide funding necessary to finish the highway — a project local, ...more »

Contracts Involving State & Minicipality
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Industry objects to new labor rule, cites extra burden on contractors
Washington TechnologyFebruary 1, 2012

The government also has numerous offices within the Labor Department, such as the Office of Federal Contract Compliance Programs, to ensure companies abide by the complex web of laws. The council said the USDA officials would have to be careful that ...more »

Mergers, Acquisitions & Divestitures
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Rising regulatory risk squashing M&A deals, say advisers
ReutersFebruary 2, 2012

Lawyers and bankers expect deal-making in the UK to be hit even harder by this aspect in future. "I would not be surprised if in 2012 that percentage comes out even higher," said Ajal Notowicz, head of M&A at UK-based law firm Dickson Minto.more »

Corporate Finance & Taxation
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Democrats Applaud Haslam Food Tax Cut — Wish It Was Bigger
Missouri News HorizonFebruary 1, 2012

Turner's bill, HB1529, originally scheduled to be debated in the House Finance Subcommittee Wednesday, was deferred to be debated alongside other sales tax legislation, including Haslam's bill. Turner said that he expects it to be taken back up within ...more »

Mortgages & Foreclosures
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HUD Secretary Donovan: “Large Majority” of Foreclosure Fraud Settlement Paid ...
FiredoglakeFebruary 6, 2012

That's how it works in a foreclosure or a bankruptcy: only after the first lien was paid in full would a second lien get anything. But that isn't what is happening now. This would suggest that by engaging in write-downs of private-label securities, ...more »

Creditor's Rights
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MF Global Holdings Judge Rejects Customer Bid for Chapter 7
BusinessWeekFebruary 1, 2012

1 (Bloomberg) -- MF Global Inc.'s brokerage customers can't have the bankruptcy of the company's parent converted to a Chapter 7 liquidation or conduct their own probe into its collapse, a judge ruled US Bankruptcy Judge Martin Glenn denied a request ...more »

Non-Profit Corporations
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Are Bank Stocks 'Responsible'?
Wall Street JournalFebruary 5, 2012

By CHRIS GAY Mention "socially responsible investing" and most people think of a stock-picking strategy that involves abstinence—that is, avoiding industries or companies whose ethical, environmental or governance practices fall short of certain ...more »

Customs Disputes
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Barnes & Noble's patent-misuse claim v. Microsoft: Not dead yet!
Thomson Reuters News & InsightFebruary 1, 2012

On Tuesday, administrative law judge Theodore Essex of the US International Trade Commission dealt a blow to Barnes & Noble. As the bookseller heads into trial next week on Microsoft's claim that its e-readers infringe four Microsoft patents, ...more »

Professional Corporations
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Mitsubishi Electric Reports Tax Costs Following Revised Corporate Tax Law
Business Wire (press release)February 2, 2012

Deferred tax assets and liabilities for the first 9 months of fiscal 2012 have been re-evaluated for the reduction of corporate tax rates to be effective as of April 2012, which follows the promulgation in December 2011 of the "Act for Partial Revision ...more »

Debt Collection
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Personal Bankruptcy Lawyers Forced to Reduce Rates as National Bankruptcy ...
MarketWatch (press release)February 2, 2012

Quoted in the article Aleman says he's gone through market declines before and that the offices of Macey Bankruptcy Law are "in this for the long term." "I've been doing this for 15 years. There are ups and downs -- bankruptcy is cyclical.more »

Public Offerings
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Lance Armstrong 'Gratified' Dope Probe Over
MyFox PhoenixFebruary 5, 2012

US Attorney Andre Birotte Jr. did not divulge the reasons behind his decision to drop the case against Armstrong, saying only that a "public announcement concerning the closing of the investigation was warranted by numerous reports about the ...more »

Debt Settlement
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The Right Decision Is For Greece To Finally Default
Seeking AlphaFebruary 1, 2012

Greece may soon face a very unsettling choice as it works to negotiate a settlement on its debt. German government officials are now calling for a European commissioner to replace the Greek government in directing its fiscal policy including spending ...more »

Reorganizations & Restructuring
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District Judge in Monterrey Issues Final Ruling Approving Vitro's ...
Sacramento BeeFebruary 8, 2012

7, 2012 -- /PRNewswire/ -- Vitro SAB de CV ("Vitro" or "The Company") (BMV: VITROA) reports that the Judge for the Fourth District Court Civil and Labor Matters in the City of Monterrey issued her final ruling approving the restructuring plan filed by ...more »

Directors' & Officers' Liability
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Exchange the exchange: Obamacare component wrong for NH
The Union LeaderFebruary 1, 2012

In 2010 the Business and Industry Association, New Hampshire's largest business membership group, watched in silence as legislators passed an income tax on owners of limited liability companies. Now the BIA is doing worse: advocating that legislators ...more »

State & Minicipal Bonds
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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 »

False Advertising
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TripAdvisor rebuked over 'trust' claims on review site
BBC NewsFebruary 1, 2012

TripAdvisor has been ordered to rewrite some of its marketing claims by the UK's Advertising Standards Authority. The ruling follows complaints by hotels that the site had said that its holiday reviews could be "trusted". The ASA said it was concerned ...more »

Trade Associations
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Hammerle Finley Law Firm Says Denton Texas Jury Finds In Favor Of Medical ...
PR Web (press release)February 2, 2012

We address a broad range of legal issues, from business entity formation to guardianship, divorce & family law to oil & gas law, collections to criminal defense. We strive to represent our clients in all types of legal matters, whether they be complex, ...more »

Federal Contracts
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Attorneys needed for both sides in real estate deals
Rochester Democrat and ChronicleFebruary 2, 2012

The seller usually hires a lawyer from the get-go to make sure all the paperwork and the title is ready for the home to go on the market. The buyer usually does not need a lawyer until a contract is signed. There is also a bank attorney involved to ...more »

Unfair Competition
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NLRB Report Changes Social Media Landscape
JD Supra (press release)February 15, 2012

Avoid being on the wrong end of an NLRB unfair labor practice charge and possibly a topic in the NLRB's next report. Please let us know if we can be of assistance in helping you address this or any other employment law issue.more »

Federal Grants
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Community Leader and Ex-cop Accused of Misusing Fed Funds
Patch.comFebruary 1, 2012

In 2005, the US Department of Justice gave an "Office of Juvenile Justice and Delinquency Prevention" grant totaling $345325 for WISOMMM's "Boycott Crime Campaign," or BCC, which was slated to provide counseling, tutoring, mentoring, workshops, ...more »

Venture Capital
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U.S. Venture Capital Investment in Cleantech Totals $4.9 Billion in 2011
Smart Energy NewsFebruary 1, 2012

Boston — Venture capital investment by US firms in cleantech companies reached $4.9 billion in 2011, flat in terms of the number of deals and down 4.5% in terms of capital invested compared to 2010, according to a new survey by Ernst & Young, ...more »

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