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

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Reportage: Looking to liability
Insurance AgeFebruary 1, 2012

Arguably, what the wide vista of liability reveals is that a broker's learning does not cease with their product knowledge. For Neil Grimshaw, director at Ravenhall Risk Solutions, educating clients on risks and building a long-term partnership is a ...more »

PBA of NYS approves contract
Albany Times Union (blog)February 1, 2012

the Police Benevolent Association of New York State, the union that inherited the mantle of the law enforcement unit of Council 82, has ratified a proposed contract, 965 to 36. The union was created in part due to deep dissatisfaction with the initial ...more »

Business Law News and Stories

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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 »

Foreign Investments
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Foreign Direct Investment Up $341 Million in Q1 2011/12
AllAfrica.comFebruary 2, 2012

Foreign Direct Investment (FDI) in Egypt went up 345% in the first quarter of fiscal year 2011/12 by $341 million to reach $440.1 million compared to $99 million in the previous quarter. A report by the Planning Ministry revealed a 72.5% drop in FDI to ...more »

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

Regulators have increased scrutiny of intellectual property rights, with EU antitrust chief Joaquin Almunia saying last month that he wanted to ensure patents weren't used to block rivals' expansion. He is also probing Honeywell International Inc. and ...more »

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End of an era for National Express rail franchise
Norfolk Eastern Daily PressFebruary 1, 2012

And Andrew Chivers has admitted National Express could mount a bid to win it back when the long-term franchise comes up to be awarded in 2014. He said: “Potential franchisees will be starting to bid in 2013. We will be looking at that when the time ...more »

Gaming Law
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No say for some who would be casinos' neighbors
Boston.comFebruary 8, 2012

The state Gaming Commission can bring negotiations between a developer and a neighboring town to conclusion, “in order to allow the applicant to submit a timely and complete application,'' according to the law. This has left some residents near ...more »

Banking Law
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Fred Goodwin stripped of knighthood: reaction - for and against 1, 2012

He proved a huge disservice to the banking industry and I think what people wanted to hear was that this man was held to account. Bizarrely there's been no criminal charges against the man, so he's not going to be in front of a jury, and there was a ...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 Formation
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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 »

Institutional Investing
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Infocast's Commercial Litigation Funding & Investment 2012
MarketWatch (press release)February 7, 2012

LOS ANGELES, CA, Feb 07, 2012 (MARKETWIRE via COMTEX) -- Infocast will hold its Commercial Litigation Funding & Investment 2012 in New York, NY March 14 - 16, 2012. Third party commercial litigation funding is emerging as a multi-billion dollar ...more »

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NYSE Euronext and Deutsche Boerse Terminate Business Combination Agreement
Victoria Times ColonistFebruary 2, 2012

NYSE Euronext (NYSE: NYX) announced today that in light of the decision by the European Commission to block the proposed merger agreement, both companies have agreed to a mutual termination of the business combination agreement originally signed by the ...more »

Are Right-to-Work Laws Actually Good for Corporations?
Minyanville.comFebruary 1, 2012

Today, lawmakers there passed legislation that will make Indiana the first state in over 10 years to enact right-to-work laws. Right-to-work legislation is nothing new – Indiana joins 22 other states in prohibiting labor agreements at private ...more »

Commercial Bankruptcy
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The Aldridge Company and Rafte & Company Merge Services
MarketWatch (press release)February 1, 2012

"With combined IT support services, Rafte & Company and The Aldridge Company offer easy availability of cloud services as well as a full complement of technology and business consulting services for small businesses, law firms and other professional ...more »

Internal Investigative Services
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SIPTU refers HSE account issues to gardaí
RTE.ieFebruary 3, 2012

For over two years, HSE internal auditors have been investigating how around €5 million from the SKILL training fund for lower grades of health staff was used to pay for lavish foreign travel and other expenditure for government, HSE and trade union ...more »

Commercial Leasing
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New Jersey Legal Malpractice Lawyers Now Offer Helpful Information on the Web (press release)February 1, 2012

To meet the growing demand for information about one's legal options after hired counsel has negligently handled a case or commercial transaction, the New Jersey legal malpractice lawyers of Davis, Saperstein & Salomon, PC, have added a new page to ...more »

International Transactions
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The Churn: Lateral Moves and Promotions in The Am Law 200
The American LawyerFebruary 3, 2012

He most recently served as deputy assistant attorney general in the Justice Department's criminal division, where he oversaw the fraud and appellate sections. While in that post, Andres prosecuted ex–Credit Suisse broker Eric Butler, who was convicted ...more »

Communications & Media
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Samsung Selects Spreadtrum's Baseband Platform for Samsung GALAXY Note GT-I9228
Sacramento BeeFebruary 1, 2012

Employing approximately 190500 people in 206 offices across 68 countries, the company operates two separate organizations to coordinate its nine independent business units: Digital Media & Communications, comprising Visual Display, ...more »

Law Society Regulatory Proceedings for January 2012
MarketWatch (press release)February 3, 2012

The Law Society of Upper Canada regulates the lawyers and paralegals of Ontario in the public interest. The Law Society ensures that all lawyers and licensed paralegals in Ontario meet standards of learning, professional competence and professional ...more »

Construction & Development
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New housing developments proposed for seniors, UWSP students
Wisconsin Rapids TribuneFebruary 1, 2012

That's the same amount the city had in total new construction in 2011, including new homes, developments and renovations. The city is working with Development Partners of Neenah to bring nonassisted senior housing to downtown and more student housing ...more »

Locating Funds
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California needs to find $3 billion by March
Los Angeles TimesFebruary 1, 2012

A legislative committee advanced a bill that would expand the state's ability to borrow from dedicated funds to cover daily expenses, while Gov. Jerry Brown's administration planned to tap universities and take other measures to help plug the gap.more »

Contracts Involving State & Minicipality
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Citizens board hires attorney to dispute judgment
KATC Lafayette NewsFebruary 1, 2012

(AP) - The governing board of Louisiana's property insurer of last resort agreed Tuesday to a $500000 contract with a law firm to lodge a challenge with the US Supreme Court of a $93 million judgment against the company. The Louisiana Citizens Property ...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 »

Corporate Finance & Taxation
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Obama's Buffett prop only complicates Americans' tax misery
Chicago Sun-TimesFebruary 1, 2012

The headache-inducing complexity of the tax code is also a major reason for the unfairness Obama decries. Yet the policies he recommends would only make the problem worse. There seem to be two main factors that explain why Bosanek pays a larger share ...more »

Mortgages & Foreclosures
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New York Sues Banks Over Mortgage Registry System
Wall Street JournalFebruary 3, 2012

By CHAD BRAY NEW YORK—New York Attorney General Eric T. Schneiderman sued three of the nation's largest banks over a private national mortgage registry system, contending it has resulted in a wide range of deceptive and fraudulent foreclosure filings.more »

Creditor's Rights
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Looking at a British solution to a mounting Irish debt problem
Irish ExaminerFebruary 2, 2012

They resolutely oppose fundamental change to the present balance of Irish legal rights between creditors and debtors. This legislative landscape might explain why the number of people declared bankrupt here were only 17 in 2009 and 29 in 2010 ...more »

Non-Profit Corporations
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Open government experts to host Amarillo seminars
Amarillo.comFebruary 1, 2012

“We think it's a good opportunity; we haven't been to Amarillo in several years,” said Keith Elkins, executive director of the Freedom of Information Foundation of Texas, a nonprofit organization that focuses on First Amendment issues.more »

Customs Disputes
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Fake tobacco factory gang jailed
Derbyshire TimesFebruary 1, 2012

During the raid in September 2009, at the plant in Tapton Business Park, HM Revenue and Customs investigators seized packaging for 43 million cigarettes, cigarette paper, tipping paper, foil cellophane, glue and cardboard inners for packets of 20 ...more »

Professional Corporations
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American Tower Corporation Announces 2012 Annual Meeting Date
Business Wire (press release)February 1, 2012

Further, under American Tower's advance notice provisions in its Amended and Restated By-Laws, if a stockholder wants to submit a proposal for the 2012 Annual Meeting for presentation at the meeting pursuant to Delaware corporate law (as opposed to ...more »

Debt Collection
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Tribune's Bankruptcy Legal Bill Almost $231 Million So Far
All Access Music GroupFebruary 1, 2012

s three year bankruptcy and related litigation has reached almost $231 million and counting, according to the company's DECEMBER monthly operating report filed with Bankruptcy Court, reports CRAIN'S CHICAGO BUSINESS. The large figure was attributed by ...more »

Public Offerings
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Foreclosure Deal With Banks Said to Ensure Same Terms for All 50 States
BloombergFebruary 4, 2012

State attorneys general and lenders including Bank of America Corp. and JPMorgan Chase & Co. agreed to ensure that states signing a nationwide accord on foreclosures will be entitled to improved terms won later by states that opt out, ...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 »

Reorganizations & Restructuring
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DSP Group, Inc. Reports Fourth Quarter 2011 Results
MarketWatch (press release)February 1, 2012

... of acquired intangible assets of $2495000 associated with the acquisition of NXP's CIPT business; equity-based compensation expenses of $2211000; and restructuring expenses of $69000 associated with the reorganization of our operations.more »

Directors' & Officers' Liability
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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 »

State & Minicipal Bonds
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Rocket Lawyer Survey Reveals Top Issues for Small Businesses Are Legal and ...
MarketWatch (press release)February 1, 2012

As SMBs enter into new business contracts, hire new employees, and upgrade to new office spaces, entrepreneurs face a wider range of legal issues, like signing contracts, staying compliant with HR laws, and signing commercial leases.more »

False Advertising
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TripAdvisor authenticity claims misleading and unsubstantiated, ad watchdog rules
Out-Law.comFebruary 1, 2012

Under advertising rules set out in the UK Code of Non-broadcast Advertising, Sales Promotions and Direct Marketing (CAP Code) marketing communications that "materially mislead" consumers or are "likely to do so" are prohibited.more »

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

As a matter of law, that ruling spelled doom for Barnes & Noble's antitrust case at the ITC. The bookseller's argument, remember, is that Microsoft is using whatever ammunition it can pull from its entire patent portfolio -- and not just the four ...more »

Federal Contracts
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Timeshare Bill Proposed to Reduce Fraud
Housing PredictorFebruary 1, 2012

By Kevin Chiu A state bill proposed to reduce fraud in Timeshare resales has made it through the Florida state senate and could be the first law enacted in the US intended to eliminate one of the oldest lies in real estate.more »

Unfair Competition
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Manwin, ICM in Settlement Talks; Complaint to Be Amended
XBIZFebruary 14, 2012

XXX operator ICM Registry and ICANN, according to a court filing today. In addition, Manwin counsel have asked the court to take motions off the court calendar while it amends its antitrust complaint, which it intends on filing on Friday.more »

Federal Grants
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Former Penn State Researcher Faces Felony Counts Related to Federal Grants
Chronicle of Higher Education (subscription) (blog)February 1, 2012

A former professor at Pennsylvania State University is accused of felony crimes related to two federal research grants worth a total of more than $3-million, according to a statement released on Tuesday by the US attorney's office in Harrisburg, Pa.more »

Venture Capital
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Vc Confidence Wanes But Facebook Could Bring Boost (blog)February 1, 2012

by Kent Bernhard, Jr. Venture capitalists in the San Francisco Bay area lost some confidence in the fourth quarter, but a Facebook IPO might bring the money back, experts say. Despite the presence of potentially the biggest tech initial public offering ...more »


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