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

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CELEBRITY BIG BROTHER 2011: CELEBS FACE A HOUSE OF PAIN
Daily StarJanuary 1, 2012

Show bosses are planning extra surprise evictions – meaning the celebs will constantly be on their guard. A Big Brother source last night revealed: “Producers have ordered more live evictions. They will be dropping like flies after just days in the ...more »

Vancouver teen stabbed in city's 15th homicide of 2011
Vancouver SunJanuary 1, 2012

Vancouver police investigate the city's 15th homicide of the year at an apartment block at 5037 Main St at 35th Ave in Vancouver, BC., on December 31, 2011. A nineteen year-old man is dead of stab wounds and a 48 year-old man is in custody following ...more »

Business Law News and Stories

Advertising
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New traffic laws in effect
Ukiah Daily JournalJanuary 1, 2012

(AB 628, Conway) The city of Santa Monica can now operate 25 city-owned buses with illuminated signs displaying advertising messages. This pilot program is authorized through Jan. 1, 2017. (AB 607, Brownley) Local governments can now regulate ...more »

Foreign Investments
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Chevron Condemns Illegitimate Decision by Ecuador Appellate Court
MarketWatch (press release)January 3, 2012

"Today's decision is another glaring example of the politicization and corruption of Ecuador's judiciary that has plagued this fraudulent case from the start. The Lago Agrio judgment was procured through a corrupt and fraudulent scheme, much of which ...more »

Antitrust Law, Domestic
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Abortion, immigration changes among new 2012 laws
Glens Falls Post-StarJanuary 2, 2012

A federal judge last week blocked parts of the law that would have required police to check the immigration status of criminal suspects or people stopped for traffic violations they think might be in the country illegally, and that would have made it a ...more »

Franchising
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Broncos shouldn't be ashamed of being a gift horse
Mile High sportsJanuary 2, 2012

This time last year the Broncos franchise was in shambles. John Elway was still working primarily as a restaurateur (though rumors of his return to the organization were flurrying like a January afternoon on Vail Pass). The defense was the worst in the ...more »

Gaming Law
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Legal opinion may revive ND Internet poker
BusinessWeekJanuary 6, 2012

But a new agency opinion, made public late last month, says one of the key federal laws wielded against Internet gambling -- called the Wire Act -- applies only to sports betting. Kasper and attorneys sympathetic to his cause made similar arguments six ...more »

Banking Law
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Sloppy seconds: Feds probe million$ in 'double-billing' by banks
New York PostJanuary 1, 2012

Warming trend: Wells Fargo CEO John Stumpf may be feeling the heat as the federal government's US Trustee program, which investigates fraud in bankruptcy courts, has asked lawyers for information on Wells Fargo and other banks double-billing in ...more »

Government Construction Contracts
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The Bulgaria 2011 Review: Business and Trade
Novinite.comJanuary 7, 2012

In May 2011, Bulgaria's Cabinet took steps in order to privatize the freight services of the state railway company BDZ. The country's government also approved the inclusion of additional assets into the concessions of the Varna Airport and the Burgas ...more »

Business Formation
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Credit Suisse, Madoff, Alcoa, GE, Exelon in Court News
BloombergJanuary 3, 2012

The fraud settlement announced Jan. 29 involving the drug Myoview sold by Amersham Health Inc. resolves claims filed under the False Claims Act. The law allows whistle-blowers to pursue fraud claims on behalf of the federal government and then share in ...more »

Institutional Investing
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Japanese medical-equipment maker Olympus sues executives for damages in ...
Washington PostJanuary 10, 2012

TOKYO — Financially battered Olympus Corp. is suing 19 former and current executives for damages that the Japanese camera and medical equipment maker says it has suffered over a massive cover-up of investment losses. The lawsuit, filed Sunday by ...more »

Commercial
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How to win a “bet-the-company” lawsuit
Smart Business NetworkJanuary 1, 2012

A number of years ago, I represented an insurance company which sued a law firm for breach of fiduciary duty. The case was tried by a jury. The defendant was represented by a well-known, highly regarded law firm. I thought that the defendant's lawyers...more »

The biggest threat to Citizens United
SalonJanuary 6, 2012

In the case, which was spearheaded by the state's Democratic Attorney General Steve Bullock, Montana's top court restored Big Sky country's century-old law banning corporations from directly spending on political candidates or committees. ...more »

Commercial Bankruptcy
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Meritor Announces Sale of St. Priest, France, Manufacturing Operation to ...
PR Newswire (press release)January 2, 2012

This release contains statements relating to future results of the company (including certain projections and business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. ...more »

Internal Investigative Services
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Police are investigating private security work of some officers
Austin American-StatesmanJanuary 5, 2012

A spokeswoman for the Internal Revenue Service said in a statement that "the IRS can neither confirm or deny any investigation in progress, completed in the past or contemplated." Five criminal justice officials familiar with the case said the exchange ...more »

Commercial Leasing
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Tax Gift To The Rich
NJ TODAYJanuary 2, 2012

“If the deal goes bust: no money,” Cantor said, defending the carried interest tax break in September. “If the deal is successful there is a return [and] you pay the capital income tax. That is fundamental tax law in partnership tax law in this country ...more »

International Transactions
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Leading Project, Islamic Finance Lawyer Christopher Aylward Joins Middle East ...
Sacramento BeeJanuary 3, 2012

About Baker Botts LLP Baker Botts is an international law firm with over 725 lawyers and a network of 13 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, ...more »

Communications & Media
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2012 brings more than 200 new laws to state
Chicago Sun-TimesJanuary 1, 2012

The new law now in effect makes seat belts mandatory for all passengers in vehicles and allows police to stop any car with an unbelted rider. | Sun-Times Media File More than 200 new laws take effect in Illinois on New Year's Day, dealing with ...more »

Livery By-law could see some change
Portage Daily GraphicJanuary 12, 2012

The Livery by-law was last amended in 2006. Since that time Manitoba Public Insurance has changed driver licensing renewals to every five years. The new by-law allows for licenses and permits from Sept. to Dec. to also meet the requirements for the ...more »

Construction & Development
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Area businesses optimistic about 2012
Green Bay Press GazetteJanuary 1, 2012

... Inc. and convert them to a mixture of apartments and commercial spaces, if it can get Wisconsin Housing and Economic Development Authority tax credits, and a new Veteran's Administration clinic is under construction on the city's far east side. ...more »

Locating Funds
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Scranton OECD to go with council amendments for 2011 federal funding
Scranton Times-TribuneJanuary 2, 2012

The mayor, the letter says, signed one version of the plan without council's amendments and "now wishes to spend grant funds under that version." "While my office does not opine on issues of local and state law, it appears that the legislative ...more »

Contracts Involving State & Minicipality
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Wayne County: Contracts often begin before commission approves them
Detroit Free PressJanuary 2, 2012

Other companies referenced in grand jury subpoenas, including Strategic Staffing Solutions, Henry Ford Health Systems and the Clark Hill law firm, all have received retroactive contracts in recent years. Ficano's spokesman Pat Dostine acknowledges the ...more »

Mergers, Acquisitions & Divestitures
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Mayer Brown | Services Agreements in Merger and Acquisition Transactions
Linex Legal (press release) (registration)January 11, 2012

52 Contract Management | January 2012 53Contract Management | January 2012 service agreements in merger and acquisition services S ervices agreements are becoming more important in mergers and acquisitions (M&A) as companies increasingly rely on ...more »

Corporate Finance & Taxation
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Judging the Judges: Nevada Supreme Court Justices say they take criticism ...
Las Vegas Review-JournalJanuary 1, 2012

But about a third of the rating lawyers called her less than adequate on three traits closely related to knowing the law and using it well -- being prepared for specific cases, applying law and rules properly, and explaining decisions. ...more »

Mortgages & Foreclosures
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California Legislature returns to face more budget woes, new election rules...
Insurance News Net (press release)January 3, 2012

Issues left unresolved from 2011 include whether to ban reusable plastic grocery bags, adopt stronger laws for homeowners threatened with foreclosure, and to regulate the wages and job conditions of housekeepers, nannies and other domestic workers. ...more »

Creditor's Rights
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Farm, ranch clinics planned in Grand Island, Lexington
Kearney HubJanuary 1, 2012

Farmers and ranchers can meet one-on-one and confidentially with an experienced ag law attorney and ag financial counselor on issues such as financial, estate and transition planning; farm loan programs; and debtor-creditor and water laws. ...more »

Non-Profit Corporations
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For Portland's dope king, love and mistrust
Seattle Post IntelligencerJanuary 2, 2012

Sandee Burbank, executive director of the pro-medical marijuana group Mothers Against Misuse and Abuse and one of the original supporters of the medical marijuana law, says Stanford's business defies the medicinal intent of the law and is concerned ...more »

Customs Disputes
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Police nab 7 members of east Jerusalem crime family
Jerusalem PostJanuary 1, 2012

By MELANIE LIDMAN Police arrested seven Arab family members from the east Jerusalem neighborhood of Beit Hanina on the suspicion of blackmailing, stealing, and attacking a number of people in connection with commercial and land disputes. ...more »

Professional Corporations
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Corporate tax cut on schedule, businesses aim to prevent unemployment ...
Boston HeraldJanuary 1, 2012

Deval Patrick signed the reduction into law that year as part of a package of tax code changes aimed at bringing additional revenue to the state from companies with a Massachusetts presence. In a phone interview, the governor's top economic development ...more »

Debt Collection
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NA passed 25 bills, enacted 22 laws in 2011
The News InternationalJanuary 2, 2012

The Petroleum Products (Petroleum Levy) (Amendment) Act, 2011 (November 25, 2011), the Gas Infrastructure Development Cess Act, 2011 (November 25), the Bank (Nationalisation) (Amendment) Act, 2010 (November 23), the Anti-Dumping Duties (Amendment) Act, ...more »

Public Offerings
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Abortion doctors facing murder charges could be extradited to Maryland
Baltimore SunJanuary 3, 2012

Riley's attorney, Stuart Simms, a former Baltimore state's attorney, said he had not yet been briefed by the Utah attorney who handled the case and could not comment. The doctors are charged with aborting a late-term fetus that prosecutors and the ...more »

Debt Settlement
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Washo departs with few regrets
Wilkes Barre Times-LeaderJanuary 1, 2012

I was appalled that we were making contracts with people to do managerial functions at the nursing home that already bankrupted facilities elsewhere…I was appalled when the county commissioners sold Montage Mountain without any requests for proposals ...more »

Reorganizations & Restructuring
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234 positions being cut at WPAFB this year
Springfield News SunJanuary 11, 2012

President Obama's announcement last week of spending cuts and reorganizations across the Defense Department could ultimately have additional impact on Wright-Patterson, said Michael Gessel, a vice president of the Dayton Development Coalition, ...more »

Directors' & Officers' Liability
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Fairgrounds director: Horse racing unlikely to return to Missoula in August
The MissoulianJanuary 1, 2012

“I don't see where it outlines any significant financial or legal liability that any entity would assume that would be relevant to horse racing, which means they would be asking the county to get back into the horse racing business,” Earle said. ...more »

State & Minicipal Bonds
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Proposed Changes to Child Sex Crimes Laws After Penn State Scandal
EIN News (press release)January 1, 2012

Business strategies for the digital age. Free website from the Economist Intelligence Unit. Accounting, Tax & Payroll Services. Enjoy your business, leave the paperwork to us. We are certified accountants. Founded in 1995, EIN News is an international ...more »

False Advertising
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Noting "Nastier" Attacks, Gingrich Will Make Adjustments
RealClearPoliticsJanuary 1, 2012

And asked if he'll respond by doing the same, he said, “We may go to a much more clear contrast, but we're not going to respond in kind. Those ads are dishonest, and [Mitt Romney] knows it. They are factually false, and he knows it. ...more »

Trade Associations
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The 2012 Regulatory and Market Landscape
Wall Street JournalJanuary 2, 2012

Steve Nadel, a hedge-fund lawyer with Seward & Kissel LLP in New York, said "registration issues will continue to dominate" the discussion in hedge funds in early 2012, but he also predicted changes that could lead to more taxation of the industry and ...more »

Federal Contracts
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Joining a gym for New Year's? Know your rights
Allentown Morning Call (blog)January 1, 2012

That law spells out what must be included in the contract, including rules for refunds under certain circumstances, such as if you get sick or move away. If you have a problem with a gym, file a complaint with the attorney general's office, ...more »

Unfair Competition
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Revenue, fairness
Tulsa WorldJanuary 1, 2012

While I wish devoutly that passing a law to create a level playing field for local merchants will help them compete and survive, I have to admit that history suggests that it won't help. Case in point is Oklahoma's Unfair Sales Act. The law, ...more »

Federal Grants
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High Court cancels Srilakshmi's bail
Times of IndiaJanuary 3, 2012

... now for perpetrating a mega mining scam. However, the trial court had granted her bail on December 3, 2011, a day after her three-day police custody ended. The CBI that is probing the case challenged the decision of the CBI court in granting bail. ...more »

Venture Capital
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Venture-Backed Exit Activity Drops in 2011
Sacramento BeeJanuary 3, 2012

Currently, 60 US venture-backed companies are in IPO registration. Thirteen of those companies filed during the fourth quarter. The median amount of venture capital raised prior to an IPO rose 17% to $85 million in 2011. The median amount of time it ...more »

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