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

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When entitlement to leave lapses under EU law – a neverending story?
International Law OfficeFebruary 1, 2012

Under German law, the statutory minimum entitlement to leave is four weeks per year. However, six weeks' paid annual leave is often agreed under collective bargaining agreements or in employment contracts. For example, if an employee is unable to work ...more »

Congress manifesto stresses on development
Times of IndiaFebruary 1, 2012

If voted to power, Congress would lay emphasis on improving the poor law and order situation in the state by making police stations accessible to every citizen and setting up one mahila police station in each district, she added.more »

Business Law News and Stories

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Anti-gay-marriage group loses Maine list appeal
Boston.comFebruary 1, 2012

... and represents a second defeat for the National Organization for Marriage, which previously lost a challenge to the state's political action committee laws and laws governing independent expenditures and advertising attribution and disclaimers.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 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 Institutes ...more »

Antitrust Law, Domestic
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Samsung, CSR, NFL, Elsevier, Motorola: Intellectual Property
BloombergFebruary 1, 2012

(601766)'s bullet-train technology have yet appeared in the US Patent and Trademark Office's database of published patent applications, even after the Chinese company announced plans to seek US patent protection. State-owned CSR told Asahi Shimbun in ...more »

Foreign Investments
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Daimler to Invest Over $5 Billion in China, US
Wall Street JournalFebruary 1, 2012

By CHRISTOPH RAUWALD And NICO SCHMIDT FRANKFURT—Daimler AG's Mercedes-Benz Cars division said Wednesday it will invest €2 billion, or $2.63 billion, in China and more than $2.4 billion in the US to boost local production as part of the German auto ...more »

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Kings are ready, says Watson
Business DayFebruary 2, 2012

He also hoped the Super Rugby franchise would tempt players who had left the Eastern Cape for better opportunities to "return home" to ply their trade. Following years of stalling on the inclusion of the Kings in Super Rugby, the South African Rugby ...more »

Banking Law
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Internet bank fraud: Who's to blame?
News24February 1, 2012

Internet bank fraud has reached ridiculous proportions and I would lay the blame for that squarely with the banks. They are trying to force their customers to trade exclusively with debit or credit cards – so they can coin the fees that go with each ...more »

Gaming Law
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US Digital Gaming's Richard Bronson: "It's Game Time" for Online Poker
PokerNews.comFebruary 6, 2012

The US Department of Justice recently reinterpreted the Wire Act, essentially declaring that online gambling could be legalized — if states adopted the appropriate measures. Said differently, it's now “game time.” This explains why 2012 will be known ...more »

Business Formation
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Kan. plan: Allow illegal immigrants to stay, work
Fox NewsFebruary 1, 2012

The Kansas proposal also is notable because it complicates the debate over immigration issues in the home state of Kris Kobach, a former law professor who helped draft tough laws against illegal immigration in Alabama and Arizona.more »

Government Construction Contracts
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B.C. government unveils new energy strategy to boost jobs, revenue
The ProvinceFebruary 3, 2012

At the unveiling of the government's four-pronged natural gas strategy on Friday, Clark said the plants, if fully realized, will create up to 9000 new construction jobs and 800 long-term jobs, and will pull in over a billion dollars of annual revenue.more »

Business Law
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Austrian Law Student Faces Down Facebook
New York TimesFebruary 5, 2012

Both elements have the potential to hamper the data-harvesting engine that is at the heart of Facebook's advertising-driven business, and of its value. Facebook said in a statement that its data practices followed European law and that the company had ...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 »

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Kan. plan: Allow illegal immigrants to stay, work
Fox NewsFebruary 1, 2012

The Kansas proposal also is notable because it complicates the debate over immigration issues in the home state of Kris Kobach, a former law professor who helped draft tough laws against illegal immigration in Alabama and Arizona.more »

Note to Christo: Don't Start Hanging the Fabric Yet
New York TimesFebruary 2, 2012

But on Wednesday, a new battlefield emerged in law and local politics: in Denver, opponents filed a federal lawsuit aiming to block construction, which Christo had hoped to begin this summer. The suit argues that land managers violated federal law in ...more »

Commercial Bankruptcy
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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 »

Internal Investigative Services
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Prominent Former Federal Prosecutors Rita Glavin and Michael Considine Join ...
MarketWatch (press release)February 1, 2012

NEW YORK, Feb 01, 2012 (BUSINESS WIRE) -- The former head of the Department of Justice's Criminal Division, and the longtime chair of the white-collar practice at a leading national law firm have joined Seward & Kissel LLP, the firm announced.more »

Commercial Leasing
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State launching loan fund for fishermen
Wicked LocalFebruary 1, 2012

By State House News Service Massachusetts is creating a $1 million loan fund to help commercial fishermen transitioning from a days-at-sea groundfish management program to a market-based program that enables fishermen to sell and lease fishing quotas.more »

International Transactions
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Stronger anti-money laundering law pushed
Inquirer.netFebruary 1, 2012

The BSP chief said that implementation of the proposed amendments would help the Philippines catch more money launderers and make the country fully compliant with international standards against the crime. Money laundering is the act of making funds ...more »

Communications & Media
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Burma's New Media Law to Bring Press Freedom?
The Irrawaddy News MagazineFebruary 1, 2012

By WAI MOE / THE IRRAWADDY Wednesday, February 1, 2012 Leading Asian journalists participate in the media workshop in Rangoon on Tuesday. (Photo: Burma VJ Network) Burma's Union Parliament will discuss a new media law this month which promises greater ...more »

The Wrong End of Lawsuits
Wall Street JournalFebruary 5, 2012

The vulnerability of law firms to client litigation is climbing as the value of the underlying deals, patents and other work for clients rise, insurance brokers say. And because big law firms carry more insurance than smaller firms, the big practices ...more »

Construction & Development
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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 »

Locating Funds
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Lieberman, Cantor defend Capitol Hill's inside traders
SalonFebruary 2, 2012

A spokesperson for the Chamber said that the group has not taken a position on the STOCK Act. The Managed Funds Association lists influential investment firms and banks, such as Goldman Sachs, Bank of America, Citigroup, JP Morgan Chase, ...more »

Contracts Involving State & Minicipality
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Salamanca Asks State For More Help
Jamestown Post JournalFebruary 1, 2012

By Sharon Turano ( , The Post-Journal SALAMANCA - Salamanca officials will once again look to New York state to help the municipality financially while city officials prepare an austerity budget that keeps 2012-13 spending ...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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Russian Eurobonds should be liable to tax-FinMin
ReutersFebruary 1, 2012

"Yes, according to the law (taxes) may be levied for past periods," Siluanov told the Vedomosti financial daily in an interview that is likely to deepen concern among borrowers and investors. Siluanov did not elaborate, but his comments raise the ...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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United Retail Files Bankruptcy, Plans Sale to Versa Capital
BusinessWeekFebruary 1, 2012

The company, based in Rochelle Park, New Jersey, listed assets of as much as $100 million and debt of as much as $10 million in Chapter 11 documents filed in US Bankruptcy Court in Manhattan. Redcats USA, a division of French retailer PPR, ...more »

Professional Corporations
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SEC is avoiding tough penalties on banks
Bend BulletinFebruary 3, 2012

And the companies continue to use rules that let them instantly raise money publicly, without waiting weeks for government approvals. Without the waivers, the companies could not move as quickly as rivals that had not settled fraud charges to sell ...more »

Customs Disputes
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Lawmakers urge US to press China currency at WTO
ReutersFebruary 1, 2012

| WASHINGTON (Reuters) - Two top lawmakers on Tuesday urged President Barack Obama's administration to broaden efforts to pressure China to change its currency practices by raising the issue at a World Trade Organization symposium in March.more »

Public Offerings
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Bombastic and thoughtful, DeWeese takes the stand
Philadelphia InquirerFebruary 2, 2012

DeWeese, 61, is charged by the state Attorney General's Office with directing, condoning, and even insisting - on pain of being fired - that legislative staff work on political campaigns while taxpayers picked up the tab. Later Wednesday, Senior Deputy ...more »

Debt Collection
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Law to stop Congressional insider trading
FierceFinanceFebruary 1, 2012

FierceFinance is the financial services daily monitor, with news covering the banking industry, asset management, capital markets and SEC regulations. Sign up today! The issue of insider trading by members of Congress has been something of perennial ...more »

Reorganizations & Restructuring
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Global Aviation Holdings Inc. Commences Restructuring To Achieve Industry ...
Sacramento BeeFebruary 5, 2012

During the restructuring, the Company and its subsidiaries will continue to operate as normal, without interruption. The Company's Board of Directors determined that a Chapter 11 reorganization provides the most effective and efficient means to ...more »

Debt Settlement
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Payment of judgement debt - Can Finance Minister be blamed?
Myjoyonline.comFebruary 1, 2012

Base on the judgment obtained by Mr Woyome, the state had no option but to take steps to settle the debt although the Attorney General went to court to set aside the ruling but failed. Again towards the end of 2010, a pre-trial settlement conference ...more »

State & Minicipal Bonds
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Kosmos Energy Securities Fraud Class Action Lawsuit Announced by Gilman Law...
MarketWatch (press release)February 1, 2012

Gilman Law specializes in cases involving stock manipulation, securities fraud, investments fraud, shareholder rights violations, and securities arbitration. Gilman Law, LLP Kenneth G. Gilman, Esq., 239-221-8301 ...more »

Directors' & Officers' Liability
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Change in leadership at malpractice insurer
Parkersburg NewsFebruary 1, 2012

"We had a change in leadership," said Dr. R. Austin Wallace, who has taken over as president and chief executive officer of West Virginia Mutual Insurance Company. "It's been a very great transition." Wallace took over the top positions at the ...more »

Trade Associations
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Trade union laws must be overhauled
Nation on SundayFebruary 3, 2012

Although the law recognises the right to strike, it is not a weapon that should be used lightly particular in the public sector since these enterprises are invariably providing an essential service to the public. We inherited the Trade Union laws from ...more »

False Advertising
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We're Not in Beta Anymore: The Tapjoy Mobile Advertising Platform is Now Open
Sacramento BeeFebruary 1, 2012

31, 2012 -- /PRNewswire/ -- The mobile advertising and publishing platform Tapjoy, Inc. ( has reached 70 million Monthly Active Users and is in a unique position to connect advertisers large and small with targeted consumers on their ...more »

Unfair Competition
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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
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Federal Contracts Awarded by Federal Agencies in New Jersey (Feb. 1)
Targeted News Service (subscription)February 1, 2012

1 -- The following federal contracts were announced by federal agencies based in New Jersey. WASHINGTON, Feb. 1 -- CGI Federal Inc., Fairfax, Va., was awarded a $28206792 federal contract by the US Naval Air Warfare Center Aircraft Division, Lakehurst, ...more »

Venture Capital
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Groupon scoops up Silicon Valley startup Adku
Chicago TribuneFebruary 6, 2012

It specializes in using data to craft personalized shopping experiences on the Web and has financial backing from high-profile venture capital firms such as Greylock Partners and Battery Ventures. The latter firm is also an investor in Groupon.more »


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