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

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Baby boomers – how the wealthy flout China's family planning
Scotland on SundayJanuary 1, 2012

... a violation of Chinese law, and how wealthy Chinese do as they please, with scant regard for the rules that constrain others. The most common reaction, though, has been simple disbelief. “Heavens. To have one family with eight kids ... in an era of ...more »

San Jose police reduce alarm response
San Jose Mercury NewsJanuary 1, 2012

They favor rules that allow for more false-alarm fines but still guarantee a police response. But San Jose police say they're following the lead of other cities including Fremont, Las Vegas and Salt Lake City that have stopped automatic alarm responses ...more »

Business Law News and Stories

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Latest Nevada news, sports, business and entertainment
KLAS-TVJanuary 1, 2012

(AP) - Law enforcement authorities are searching for a man and woman accused of shooting a woman in the head during a carjacking Saturday morning in West Wendover. The Reno Gazette-Journal reports the 35-year-old victim was able to make her way to the ...more »

Foreign Investments
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Dealing directly with farmers is still barred
Business StandardJanuary 1, 2012

States reluctant to adopt model APMC law, as existing structure of controls gives them a lot of revenue, but growers and consumers lose heavily. The Union government has assured industry of building a broad consensus on allowing foreign direct ...more »

Antitrust Law, Domestic
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On the move: People in business
Jackson Clarion LedgerJanuary 1, 2012

•Robert Parrott has joined the law firm as a litigation associate in the firm's Jackson office. He previously interned with the Mississippi Supreme Court under Justice David Chandler and with the US District Court for the Northern District of ...more »

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Jets Gameday: Miami Dolphins host Jets
The Star-Ledger - NJ.comJanuary 1, 2012

2. They're on the verge of an embarrassing record The Dolphins have surrendered 51 sacks this season, which is one shy of the franchise record set in 1969 and tied in 2004. Without starting left tackle and perennial Pro Bowler Jake Long in the fold (he ...more »

Gaming Law
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Online Gambling: Don't Bet The Farmville
SitNewsJanuary 2, 2012

State, The Show-Me The Baby's Milk Money State, The Sooner (Or Later You'll Get Some Wages I Can Garnish) State and The Land Of People Living In A Van Down By The 10000 Lakes. Don't get me started on the revised state mottos, such as New Hampshire's ...more »

Banking Law
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KBC Bank and ING Belgium waive the non respected credit covenants by Renogen ...
Reuters (press release)January 2, 2012

Brussels - 2 January 2012 - 8.50 CET - Regulated Information KBC Bank agreed to waive the possibly non respected credit covenants by Renogen over the year 2011. KBC Bank agreed that Renogen starts the redemption of the long term credit facility related ...more »

Government Construction Contracts
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Construction projects, court cases, vacancy appointments: A busy 2012 is on ...
Daily CameraJanuary 1, 2012

Boulder also starts a new five-year contract with American Medical Response for ambulance service, after having partnered with Pridemark for the last dozen years. The city decided for the first time last year to sign a separate contract from Boulder ...more »

Business Formation
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Hong Kong to retain IPO crown, faces bumpy 2012
ABS CBN NewsJanuary 1, 2012

"Regardless of its ranking, the most important thing is Hong Kong has established itself as one of the world's leading capital formation centres," a spokesman said. Phillip Securities' Mok is optimistic for the coming year, citing several new Hong Kong ...more »

Institutional Investing
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President al-Assad Issues Law on Establishing National Investment Fund
Syrian Arab News AgencyJanuary 4, 2012

DAMASCUS,(SANA)- President Bashar al-Assad on Wednesday issued the law No. 2 for 2012 stipulating for establishing the National Investment Fund with the aim of contributing to supporting the stability and enhancing the confidence in the market through ...more »

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Toledo's top stories of 2011
Toledo BladeJanuary 1, 2012

His conviction and sentence concluded the oldest cold case solved in Toledo history, and authorities said it was among the oldest cases solved with DNA evidence in the state of Ohio. After reviewing the case files and re-examining the evidence, ...more »

Hungary's Reboot
Wall Street JournalJanuary 3, 2012

... which will enable them to choose a government that clearly represents their interests through procedures that are transparent and fair. They will be able to do so because of the changes we have made to Hungary's electoral law. ...more »

Commercial Bankruptcy
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A look back: The top local news of 2011
Monterey County HeraldJanuary 1, 2012

March: Creditors of Cedar Funding, a Monterey mortgage lender that left hundreds of investors in the lurch after they put more than $140 million into real estate loans, approve a bankruptcy liquidation plan. Cedar Funding owner David Nilsen pleads ...more »

Internal Investigative Services
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Government gives Sliema council 10 days to resolve issues
Times of MaltaJanuary 4, 2012

The Director for Local Government in a report and a formal notice to the council mentioned investigations carried out by the Internal Audit and Investigations Directorate (IAID) on various irregularities and noted that most allegations had been ...more »

Commercial Leasing
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£9m police fraud unit opens for business
Post OnlineJanuary 3, 2012

The 34-strong team will act on evidence of motor insurance, commercial and public liability fraud and illegal insurance advisers. Its major priority will be targeting the organised crime group. As exclusively reported in Post last month, the unit will ...more »

International Transactions
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Raven Industries to Acquire Vista Research, Inc.
MarketWatch (press release)January 3, 2012

The transaction is expected to close in January and is subject to customary closing conditions. "Raven is excited to acquire a highly regarded developer of smart radar and sensing processors, including an extremely talented team," said Lon Stroschein, ...more »

Communications & Media
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Panic Street Lawyer: 2012, When all is said and done
Pittsburgh Post GazetteJanuary 1, 2012

In 2010 the Obama administration sued Arizona, arguing that SB 1700 was preempted by federal law on the subject and was therefore unconstitutional. The “substantive” issues associated with the two federalism cases above will no doubt be a factor in how ...more »

Patients in limbo
Record-SearchlightJanuary 1, 2012

Harris has asked state lawmakers to draft legislation to clarify whether patients can legally acquire marijuana at storefront dispensaries or whether collective and cooperative cultivation is the only legal way. "Without a substantive change to ...more »

Construction & Development
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Obama, Congress begin 2012 in oil pipeline dispute
Seattle Post IntelligencerJanuary 2, 2012

A State Department report last summer said the pipeline would create up to 6000 jobs during construction. The payroll tax cut law gives the Obama administration 60 days to decide whether to allow construction of the pipeline. ...more »

Locating Funds
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Ex-Lawyer Says Funds Helped His Fraud Continue
Wall Street JournalJanuary 3, 2012

During two weeks of depositions, Mr. Rothstein testified that pepole at the funds—Platinum Partners Value Arbitrage, Centurion Structured Growth LLC and Level 3 Capital Fund—agreed to give his law firm, in the months before the scheme collapsed, ...more »

Contracts Involving State & Minicipality
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WNY business community's winners and losers of 2011
Buffalo NewsJanuary 1, 2012

Steven J. Baum law firm— Not only did the Amherst law firm collapse because of its shaky practices and bad taste, but its demise also cost the jobs of nearly 600 local workers at the firm that handled much of its legal paperwork. The law firm already ...more »

Mergers, Acquisitions & Divestitures
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SMSC Launches Highly Integrated Wireless Headset Audio Processor With Tri-Band ...
MarketWatch (press release)January 5, 2012

Our forward looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations and may not reflect the potential impact of any future acquisitions, mergers or divestitures. ...more »

Corporate Finance & Taxation
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CNG motor fuel tax decals no longer needed
NewsOK.comJanuary 1, 2012

A law takes effect Sunday that no longer requires those with compressed natural gas vehicles to buy a special fuel tax decal. The decals cost $100 each. House Bill 1472 increases the assessment on a bushel of wheat from 1½ cents to 2 cents that is ...more »

Mortgages & Foreclosures
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Everyone and No One Is In Charge Of Fixing The Housing Crisis
Problem Bank ListJanuary 15, 2012

While US lawmakers and Obama administration officials criticize banks for failing to lend to consumers, he said banks are hamstrung by strict underwriting rules. It's no better in Europe where central bank policy is sometimes at odds with local ...more »

Creditor's Rights
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Business winners
News SentinelJanuary 2, 2012

The firm was recognized for its first-tier ranking in the areas of bankruptcy and creditor rights/insolvency and reorganization law; commercial litigation; corporate law; employee benefits (ERISA) law; insurance law; securities law/capital markets law...more »

Non-Profit Corporations
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Humane Society and vet sue non-profit agency that runs city's animal shelter
The Louisiana RecordJanuary 4, 2012

The Humane Society of New Orleans is suing a non-profit organization that shelters the city's stray animals and its director for violating the Louisiana Unfair Trade Practices Act. Dr. Antoine Saacks filed suit on behalf himself and the Humane Society ...more »

Customs Disputes
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Common Economic Space is launched
CaspionetJanuary 3, 2012

The same rules will apply to our citizens. The Customs Union countries have been planning to form the Common Economic Space within 8 years and now the project has been launched. It means that the policy of the three countries will be more coordinated, ...more »

Professional Corporations
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'Move to Amend' forum planned
Morning StarJanuary 2, 2012

By KRISTINE MORRIS David Cobb, national spokesperson for Move to Amend, a national grassroots movement dedicated to abolishing “corporate personhood” and “money as speech,” will be the speaker at Traverse City's Milliken Auditorium on Jan. 11. The free...more »

Debt Collection
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Birmingham Attorney S. Scott Allums Celebrates 10th Anniversary (press release)January 2, 2012

S. Scott Allums, PC, a Bessemer-based law firm serving clients in Birmingham and throughout Alabama is celebrating its 10th anniversary of offering legal services in the areas of bankruptcy law, family law, and personal injury. ...more »

Public Offerings
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2012 election
Billings GazetteJanuary 3, 2012

1, Deschamps said Republicans will turn up the heat on Bullock on issues such as his Land Board votes against natural-resource development and his refusal to join a number of other state attorneys general challenging the Obama's health insurance reform ...more »

Debt Settlement
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Column: Some stories slighted in 2011
Appleton Post CrescentJanuary 1, 2012

In a move designed to help the struggling golf course shore up its financial future, the council voted to ease course debt payments to the city on a $480000 loan. Essentially, the council stopped charging interest on the loan, requiring the course to ...more »

Reorganizations & Restructuring
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Schulte Roth & Zabel LLP Announces Election of New Partners and Promotion of ...
MarketWatch (press release)January 4, 2012

James Nicoll, a special counsel in the business transactions group, focuses his practice on corporate finance transactions, counseling corporate clients on compliance with the federal securities laws and on general corporate matters, venture capital ...more »

Directors' & Officers' Liability
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The top issues to watch during the 2012 Kentucky General Assembly
Lexington Herald LeaderJanuary 1, 2012

Details: Kentucky is one of only a handful of states that doesn't to extend court protection in domestic-violence cases to unmarried partners, unless they live together or have a child together. Among those ineligible to apply for protective orders are ...more »

State & Minicipal Bonds
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Why our mining laws are ineffective
Inquirer.netJanuary 1, 2012

Second, the belief that the decision makers in the business sector and those in government who are entrusted by the law to serve as guardians of our mineral wealth are knowledgeable and enlightened people whose main concern is to serve the public ...more »

False Advertising
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Judge finds Frank Wefald defamed ex-partner Eric Janis
TheHeraldJanuary 1, 2012

In a 15-page ruling released last month, US Bankruptcy Court Judge Stephani Humrickhouse found that Wefald made false on-air statements about Janis. She described the comments as "reprehensible" and damaging to Janis's reputation. ...more »

Trade Associations
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China airlines won't pay EU carbon tax-association
ReutersJanuary 4, 2012

1, all airlines using EU airports are included in the cap-and-trade scheme. "China will not cooperate with the European Union on the ETS, so Chinese airlines will not impose surcharges on customers relating to the emissions tax," Cai Haibo, ...more »

Federal Contracts
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McCaskill touts watchdog role in re-election bid
Washington ExaminerJanuary 1, 2012

In 2008, she co-sponsored a measure that strengthened the role of inspectors general in federal agencies. In 2009, she became chairman of the new Subcommittee on Contracting Oversight, a perch she has used to target the contracting preferences given to ...more »

Unfair Competition
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Microsoft, Tilaknagar Industries, Macy's: Intellectual Property
BloombergJanuary 4, 2012

Trademark Tilaknagar Industries Defeats Label Trademark-Infringement Claim Bombay's High Court dismissed a trademark-infringement case against Mumbai's Tilaknagar Industries Ltd. (TLNGR) by a Dutch distiller, India's Economic Times reported. ...more »

Federal Grants
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2012 NY budget almost set but deficit remains
Elmira Star-GazetteJanuary 2, 2012

Another $50 million would be for competitive grants, for a total of $20.3 billion. School aid was cut in the current budget and in the 2010-11 fiscal year, and it was frozen the year before that. "School aid is going to be a tussle," state Sen. ...more »

Venture Capital
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Attack ads to blast Mitt Romney's work at Bain Capital
Los Angeles TimesJanuary 8, 2012

A 'super PAC' backing Newt Gingrich is financing a campaign that aims to show Romney destroyed jobs while running a venture capital firm. Mitt Romney at Bain & Co. in 1993. (David L Ryan / Boston Globe via Getty Images / January 7, ...more »


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