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

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Overview (February 2011)
International Law OfficeFebruary 1, 2012

As a result, during 2011 a number of amendments were introduced to the employment framework. Significant legislation affecting employers introduced in 2011 included the following. Enacted on September 19 2011 by the National Council of Employment, ...more »

Rockefeller Supports Blind Trust for Members of Congress
HNN Huntingtonnews.netFebruary 1, 2012

The Stop Trading on Congressional Knowledge Act of 2012 (STOCK Act) says US Representatives and Senators may not use information they gain in their role as Members of Congress. “Elected officials have a duty to our constituents to be above board in ...more »

Business Law News and Stories

Advertising
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Trial set to begin for suspect in 2010 Lynn beating murder
Daily ItemFebruary 1, 2012

The trial had been delayed several months while his attorney Raymond Buso of Salem faced larceny charges for allegedly stealing advertising signs from a Salem business. “I would love to know why (Buso)'s been so intent on getting back on this case,” ...more »

Foreign Investments
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Study Finds Local Online Ad Outlook Strong; Call for Mobile Regulation
Street FightFebruary 1, 2012

Marketers are becoming bullish about their current and future investment in local advertising, particularly in local online media, according to a study released this week by GMSLocal. However, members of Congress such as Rep. Edward Markey (D-Mass.) ...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 »

Franchising
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Lionsgate and Funtactix Announce THE HUNGER GAMES ADVENTURES
MarketWatch (press release)February 1, 2012

...company, today announced that THE HUNGER GAMES ADVENTURES will launch day and date with the highly anticipated film adaptation of Suzanne Collins' runaway bestselling novel on March 23rd, 2012. The perfect companion for fans of the franchise, ...more »

Gaming Law
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Fine Point Group Files Motion to Enforce Tribal Court Judgment Against ...
Sacramento BeeFebruary 1, 2012

1, 2012 -- /PRNewswire/ -- The Fine Point Group yesterday filed a motion in Pojoaque Tribal Court to enforce the decision of that same court in the face of continued interference by the Pueblo of Pojoaque Gaming Commission, whose conduct was previously ...more »

Banking Law
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Bank robbery statistics fall, but colorful bandit nicknames abound
Contra Costa TimesFebruary 2, 2012

Clear bank surveillance photographs, proactive bank security, and continuous media reports also all have helped to reduce that number, said Tim Delaney, a special agent within the criminal division of the FBI. Of the 24 bank robberies in Los Angeles ...more »

Government Construction Contracts
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The Murder of Sister Valsa: the Complete Story
Wall Street Journal (blog)February 5, 2012

It leased out 1152 hectares of agricultural and forest land to PANEM Coal Mines Ltd. a joint venture between the government-run Punjab State Electricity Board and the privately-run Eastern Minerals & Trading Agency of Kolkata.more »

Business Formation
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Don't Trust, Verify
CFO.com 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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Gilman Law LLP Announces A Securities Fraud Class Action Lawsuit Against ...
PR Web (press release)February 1, 2012

Shareholders file a securities fraud class action lawsuit against Health Management Associates, Inc. for alleged violations of securities laws. Gilman Law LLP, a leading national securities law firm located in Naples, Florida, announces a class action ...more »

Business Law
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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 »

Ag secretary seeks waiver for illegal immigrants
High Plains JournalFebruary 3, 2012

The Topeka Capital-Journal reported that the goal is to create a legal, straightforward manner of organizing existing immigrant labor. So far, Homeland Security has neither approved nor closed the door on the idea. "I need a waiver,'' Rodman said.more »

Commercial
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IP: is MegaUpload the most important case you've never heard of?
ChiefOfficers.NetFebruary 1, 2012

If for nothing else, the Megaupload case is important for establishing the use of public officials to protect private, commercial, rights. The film, music and software industries are so vital to the USA's otherwise flagging economy that it has used ...more »

Internal Investigative Services
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MPs to resume oil investigations
New VisionFebruary 1, 2012

The committee on rules, privileges and disciplines which was asked by parliament to investigate whether Premier Amama Mbabazi and two senior ministers Hillary Onek (Internal affairs) and Sam Kutesa (Foreign Affairs) were in contempt of parliament when ...more »

Commercial Bankruptcy
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Corruption in Fascist Business Model
Gold SeekFebruary 1, 2012

Hidden from view was the $138 billion reload of JPMorgan, given cover to handle Lehman private accounts by the Bankruptcy court that convened at 6am on a Saturday morning in Manhattan. The climax badge of dishonor and fraud was the phony bank ...more »

International Transactions
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US Senators weigh further measures on Iran sanctions
Emirates 24/7February 1, 2012

The broad package of measures were aimed at further constricting oil revenues that lawmakers say Tehran was using to develop nuclear weapons, and were designed to build on tough banking sanctions that became law on Dec 31. Top US intelligence chiefs ...more »

Commercial Leasing
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If It Seems Too Good To Be True...
Pocono RecordFebruary 1, 2012

Have you seen the television commercial for LegalZoom.com featuring the OJ Simpson- lawyer, Robert Shapiro? I looked at the Web site and found that you can make a last will and testament for $69 answering questions online and without meeting with an ...more »

Aurora group targeting underage smoking wants to license some tobacco sales
Denver PostFebruary 5, 2012

But other tobacco products are free to be licensed without penalty. By licensing the noncigarette products, including chewing tobacco and cigars, cities may better track who is selling those items and can enforce laws, similar to the way communities ...more »

Communications & Media
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Disney to Take Controlling Stake in India's UTV
Broadcasting & CableFebruary 1, 2012

... their presence in the rapidly growing Indian market, The Walt Disney Company announced that it will acquire, through a subsidiary, a controlling interest in UTV Software Communications Ltd: one of India's top media and entertainment companies.more »

Locating Funds
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CME Turns Down City Money, and the TIF Debate Continues
Chicagomag.comFebruary 1, 2012

According to Terrence Duffy, "the tax law changes approved last year are much more important to our ability to serve as a leading employer in Chicago and Illinois going forward." He added, "It is my hope that formally declining these funds will allow ...more »

Construction & Development
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New York Construction Accident Lawyer from The Perecman Firm Comments on UES ...
PR Web (press release)February 1, 2012

The New York construction accident lawyers at The Perecman Firm have handled all types of construction accident cases over the past 30 years. A scaffold collapse in New York doesn't only put construction workers at risk. A scaffold collapsed on a ...more »

Mergers, Acquisitions & Divestitures
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Protiviti Positioned as a "Leader" in Magic Quadrant for Financial Management ...
MarketWatch (press release)February 6, 2012

Protiviti's services support merger, acquisition and divestiture transactions, including due diligence, merger integration and divestiture transaction support. Protiviti is also a leader in internal audit and financial control services.more »

Contracts Involving State & Minicipality
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OB council to contract out for legal services
Sayreville SuburbanFebruary 1, 2012

Assistant Township Attorney Carol Berlen said that all documents produced for the township would be subject to OPRA law and that the attorney would be bound by the professional code of conduct in managing conflicts on interest.more »

Mortgages & Foreclosures
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Foreclosure postings drop
San Antonio ExpressFebruary 18, 2012

But new rules that limit the ability of homeowner associations to foreclose on homeowners also are playing a small role in the drop. In the first quarter of the year, lenders moved to foreclose on 3535 properties in Bexar County, compared with 4166 in ...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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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 »

Creditor's Rights
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Wells Fargo, Greenberg Traurig Aided and Abetted Ponzi Scam, Investor Says
Courthouse News ServiceFebruary 1, 2012

In one transaction orchestrated by the managers, Greenberg, and Wells Fargo, the plaintiff and RE Loans members lost all the rights they previously held and enjoyed as equity shareholders in RE Loans and were relegated to second-tier creditors with ...more »

Professional Corporations
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Senate Democrats don't like the idea of a Netflix Facebook app
VentureBeatFebruary 1, 2012

Streaming video service Netflix recently appealed to a panel of US senators to update an old law that forbids the company from launching a Facebook application within the country. The antiquated law, the Video Privacy Protection Act (VPPA), ...more »

Customs Disputes
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Signs action call amid fears over road safety
Hawick TodayFebruary 1, 2012

... which is causing disputes due to the road signs. ROAD signs leading onto North Bridge Roundabout are causing “frustration”. A complaint has been received from the Hawick Driving Instructors' Association about the signs leading from Commercial Road, ...more »

Public Offerings
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DeWeese testifies at public corruption trial
Washington ExaminerFebruary 1, 2012

DeWeese was one of the last to be charged out of 25 people connected to the House Democratic and Republican caucuses who have been arrested in a 5-year-old corruption probe by the state attorney general's office. Republican Tom Corbett launched the ...more »

Debt Collection
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Do Not Fear Excessive Bankruptcy Charges
JD Supra (press release)February 1, 2012

But unlike other industries, the legal industry insofar as bankruptcy is concerned has its fees governed by law. The bankruptcy judge has the right to determine the fees charged by bankruptcy attorneys to some extent. Section 329 of the bankruptcy code ...more »

Reorganizations & Restructuring
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General Maritime Files Plan of Reorganization and Disclosure Statement
MarketWatch (press release)February 1, 2012

Under the terms of the Plan, the Company will receive an infusion of $175 million in new capital from funds managed by Oaktree Capital Management, LP ("Oaktree"), less the amount raised in the rights offering described below, will continue to operate ...more »

Debt Settlement
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Deutsche Boerse-NYSE, Gupta, Muni Bonds: Compliance
BusinessWeekFebruary 1, 2012

The stolen numbers are used to file false tax returns for refunds, he said. In the fiscal year that ended Sept. 30, the IRS stopped 260000 fraudulent returns related to identity theft, protecting $1.4 billion in refunds, Miller said.more »

State & Minicipal Bonds
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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 »

Directors' & Officers' Liability
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Pleasanton, police union reach tentative agreement on new contract
San Jose Mercury NewsFebruary 1, 2012

By Robert Jordan In a continuing effort to corral its mounting pension obligation, Pleasanton reached a tentative agreement with its police union that includes all officers paying their share of retirement costs. The city and Pleasanton Police ...more »

Trade Associations
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WSGR Alert - Federal Trade Commission Revises Hart-Scott-Rodino Thresholds
JD Supra (press release)February 2, 2012

As it does every year at this time, the Federal Trade Commission (FTC) has issued revised Hart-Scott-Rodino Act (HSR) jurisdictional thresholds for the upcoming year. The FTC is required by law to revise the filing thresholds based upon changes in the ...more »

False Advertising
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Indiana poised to enter right-to-work era as unions prep protest amid Super ...
Washington PostFebruary 1, 2012

INDIANAPOLIS — State lawmakers were poised Wednesday to pass legislation that would make Indiana the Rust Belt's first right-to-work state and prohibit labor contracts requiring workers to pay union representation fees. Meanwhile, union protesters ...more »

Unfair Competition
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The big projects equation
The Sun DailyFebruary 5, 2012

There have been cases in the past where unsolicited toll road and highway projects have been awarded to those who conceived it without going through the competitive process. It appears unfair to the government and the decision makers if the originators ...more »

Federal Contracts
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Abuja road contracts inflated by N38bn
VanguardFebruary 2, 2012

By Inalegwu Shaibu ABUJA—Senate Committee on Federal Capital Territory, FCT, has discovered that contracts for the construction of Abuja-Airport and Kubwa-Zuba roads were inflated to the tune of N38 billion. The revelation came during the budget ...more »

Venture Capital
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Bing making its pitch to venture capital firms
Tallahassee.comFebruary 1, 2012

By Dave Hodges Bing Energy International is pitching its leading-edge fuel cell technology at the Florida Venture Capital Conference that started Tuesday and concludes today. Tallahassee-based Bing was the only company from Northwest Florida to be ...more »

Federal Grants
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Hialeah, Florida's Neediest Residents Imperiled By Federal Budget Cuts
Huffington PostFebruary 2, 2012

But later this year, one or all of these programs may have to find a way to survive without city support because of a substantial cut to a little-known federal program. The Community Development Block Grant program gives cities and some states money to ...more »

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