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

Top Picks in News

New laws crack down on distracted drivers
Sacramento BeeJanuary 1, 2012

The new law will affect an estimated 4 million commercial drivers, according to the Federal Motor Carrier Safety Administration, which instituted the ban. New automotive laws are taking effect in a variety of states too. In Nevada, those who violate a ...more »

Teen killed in central Toledo
Toledo BladeJanuary 1, 2012

BY IGNAZIO MESSINA Cousin Antoinette Tilman, left, sister Shavone Belcher, and girlfriend Mariah Livingston hug near a memorial on the corner of Tecumseh and Hoag in honor of Deadrick Rocker, the city's 38th homicide victim. ...more »

Business Law News and Stories

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Public asked to watch Sacramento schools during break
Sacramento BeeJanuary 1, 2012

Police say there are increases in crime when campuses are vacant, particularly during the summer, winter and spring breaks. "Most of our schools are surrounded by houses, and we need the residents of those houses to join us in protecting these valuable ...more »

Foreign Investments
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BD wants Supreme Court to rule on Finra suit
InvestmentNewsJanuary 1, 2012

Standard, an investment banking boutique, insists that the proxy used by the NASD in soliciting member approval for the merger was fraudulent. NASD since has been renamed the Financial Industry Regulatory Authority Inc. Government entities, ...more »

Antitrust Law, Domestic
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Photo ID, anti-immigration measures among new Tenn. laws taking effect Jan. 1
The RepublicJanuary 1, 2012

Tennesseans will be required to have photo identification in order to vote and state employers will have to make sure their employees are legally authorized to work in the US under new laws that take effect Jan. 1. The photo ID measure has stirred ...more »

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Business cleans commercial kitchen exhaust systems
nwitimes.comJanuary 1, 2012

"We wanted to start a new business and looked into franchises." Hoodz, which was opened by Belfour International in 2009, is a national leader in the restaurant kitchen exhaust cleaning industry with more than 100 franchises nationwide. ...more »

Gaming Law
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Olszewski Seeks to Exempt Fantasy Football From Gambling Laws
Patch.comJanuary 3, 2012

Courtesy of Del John Olszewski Jr. A state delegate from Dundalk is betting this is the year that his proposed law exempting fantasy football from state gaming laws is passed in the Maryland General Assembly. Del. John Olszewski Jr., a Democrat, ...more »

Banking Law
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New laws start today
Imperial Valley PressJanuary 1, 2012

However, the prohibition against getting or using credit reports does not apply to positions in law enforcement or positions for which the information is required by law. Positions that involve the regular access to bank or credit card information, ...more »

Government Construction Contracts
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Stocks, Commodities Gain as Manufacturing Expands; Dollar Drops
BusinessWeekJanuary 3, 2012

Financial, industrial and commodity shares led the S&P 500's gain as the Institute for Supply Management's factory index topped estimates and government data showed construction spending grew at more than twice the forecast rate. ...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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Lights go down on the 100-watt bulb
Minneapolis Star TribuneJanuary 2, 2012

For consumers, the law is making the purchase of light bulbs more like an investment choice, with a need to balance higher up-front costs against longer-term electricity savings. Some of the newest high-efficiency bulbs cost more than $20 each and are ...more »

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Looking forward 2012: A better place...
Times of IndiaJanuary 1, 2012

In 2011, a special court for NIA cases and 2G spectrum was established. Sources say more special courts may be formed if the number of cases with the National Investigating Agency increases. The year 2012 will mark the end of the 54-year-old MCD ...more »

Supreme Court to Hear Environmental Case From Idaho
Fox NewsJanuary 2, 2012

Six months later, the EPA sent the order that triggered the court case. Mike Sackett says someone must have tipped off the EPA to the work. But the NRDC has produced documents that suggest the Sacketts have left out important parts of the story. ...more »

Commercial Bankruptcy
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The Sale For $4.2 Million Only Had A $125K Down Payment & Other ...
TheDomains.comJanuary 1, 2012

It is the intention of the Payor and of the Holder to conform strictly to applicable usury and similar laws. Accordingly, notwithstanding anything to the contrary in this Note, it is agreed that the aggregate of all charges which constitute interest...more »

Internal Investigative Services
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Daegu police station rejects prosecutors' directive
The Korea HeraldJanuary 3, 2012

On Monday, Suseong Police Station in Daegu refused to carry out directives from the city's prosecutors' office to conduct an internal investigation, becoming the first police station to do so. “With the decree going into effect, the prosecutors can ...more »

Commercial Leasing
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2011 Top Local Stories
Longview Daily NewsJanuary 1, 2012

The Castle Rock City Council struggled with the collective gardens and in late December approved zoning regulations that restrict the gardens to two commercial areas east of Interstate 5. The conflict between state and federal law remains a problem, ...more »

International Transactions
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Swiss Bank Chief Vows Not to Resign Over Currency Trades
New York TimesJanuary 5, 2012

Mr. Hildebrand is vice president of the Financial Stability Board, a group of central bankers and regulators that plays a leading role in recommending bank regulations to the leaders of the Group of 20 nations. Mr. Hildebrand vowed to “continue to ...more »

Communications & Media
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Shurat HaDin warns Twitter over terrorist accounts
Jerusalem PostJanuary 1, 2012

By JOANNA PARASZCZUK Allowing Hezbollah, al-Shabaab to have accounts violates US anti-terror laws, say Israel Law Center. Social media giant Twitter could face legal action in US courts if it continues to allow terrorist organizations al-Shabaab and ...more »

W.Va. drivers react to new licensing law
Charleston GazetteJanuary 4, 2012

Residents who have had a legal name change, such as in a marriage or divorce, must bring in a name-change document, as well. Once the documents are scanned into the DMV system and become a matter of record, residents will not have to take them to the ...more »

Construction & Development
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Taking Stock: Appointments, Promotions, Achievements
Wausau Daily HeraldJanuary 1, 2012

Her practice focuses on claims involving motor vehicle accidents and medical malpractice. Habush Habush & Rottier has served Wisconsin as a personal injury law firm for more than 75 years. The firm handles cases from simple auto accidents to complex ...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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Twelve for '12
Victoria NewsJanuary 1, 2012

The union representing Victoria police officers has warned Esquimalt that if it contracts RCMP services, there could be serious financial, administrative and legal repercussions. Film industry – It's hoped the busy pace of Greater Victoria's film and ...more »

Mergers, Acquisitions & Divestitures
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Morrison Park Advisors Expands Its Presence in the Mining Sector with ... (press release)January 9, 2012

We focus on assisting clients that are undergoing significant strategic events such as equity or debt capital raising, mergers, acquisitions, divestitures and restructurings. We have also been engaged to provide products or services in a number of ...more »

Corporate Finance & Taxation
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Ministry of Finance
Press Information Bureau (press release)January 1, 2012

DP shall be responsible for deduction of applicable tax at source out of the redemption proceeds before making redemption payments to QFIs. · Risk management, margins and taxation on such trades by QFIs may be on lines similar to the facility available ...more »

Mortgages & Foreclosures
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Lakeway man to plead guilty in scheme to delay foreclosures
Austin American-StatesmanJanuary 2, 2012

Frederic Alan Gladle, 53, is in jail awaiting his guilty plea to charges of bankruptcy fraud and aggravated identity theft. That plea is scheduled for Friday . He faces two to seven years in prison. From 2007 until his arrest in October, ...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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Huffman, Leno Wrap Busy 2011
Patch.comJanuary 3, 2012

AB 359 - Groundwater Management Plans: Promotes the management and protection of the state's groundwater supplies by requiring, as a condition of receiving specified state grants or loans, local water agencies to map the recharge areas that ...more »

Customs Disputes
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Bullies like Arpaio must now confront their own prejudices
Austin American-StatesmanJanuary 2, 2012

And he took full advantage of the federal 287(g) program that allows local law enforcement agencies that want to play Border Patrol agent to enter into agreements with Immigration and Customs Enforcement allowing them to do just that. ...more »

Professional Corporations
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Weapon of Choice
Hindu Business LineJanuary 1, 2012

(b) Although this is a minor disadvantage, the law for LLPs is not very developed, since the Act was passed barely three years ago. So unlike Company law which is very rich in court decisions and references, the LLP law is relatively nascent. ...more »

Debt Collection
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Measure would allow Lansing's hand in banks
Livingston DailyJanuary 1, 2012

But critics of the proposal say it would leave banks holding the bag and make mortgages harder to get in the future. Still, the sponsor, State Sen. Bert Johnson, D-Detroit, argues his proposal is needed to assist Michigan homeowners whose tax dollars ...more »

Public Offerings
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ESPN still contends Ohio State violated state public record laws
Gant DailyJanuary 3, 2012

Columbus, OH, United States (AHN Sports) – An attorney for ESPN contends that despite recent actions, Ohio State violated Ohio public record laws over several public records involving the recent scandal in the football program. ...more »

Debt Settlement
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Weather, football top list of stories in 2011
Shreveport TimesJanuary 1, 2012

Needham was arrested in April and charged with three counts of first-degree murder, but when evidence in the Bossier City case implicated another person, Bossier-Webster District Attorney Schuyler Marvin dropped the charges. On the education front, ...more »

Reorganizations & Restructuring
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Alvin Brown's first six months set the table for 2012 focus: Jobs
Florida Times-UnionJanuary 2, 2012

you have to say, 'Wow, look at what he's done in terms of reorganization to get that done so quickly,' " said Hugh Greene, chairman of the chamber in 2011. The reorganization — a City Hall restructuring the mayor signed into law in December ...more »

Directors' & Officers' Liability
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Jackson Health System tries to get out of a messy real estate deal
MiamiHerald.comJanuary 1, 2012

Board Chairman Marcos Lapciuc, an attorney, said, “We have case law on our side.” But Migoya said Jackson might have a hard time in court, he recommended settlement. Board member Stephen Nuell, also an attorney, objected to settling. ...more »

State & Minicipal Bonds
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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 »

False Advertising
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License plates, fireworks on tap for Mich. in 2012
Chicago TribuneJanuary 1, 2012

The law that technically took effect Sunday is designed to keep business in the state that now goes to retailers in Indiana, Ohio or Wisconsin. Businesses will have to pay for the right to sell the fireworks, but that process should be worked out in ...more »

Trade Associations
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FTC asked to probe Google+, search integration
ZDNet (blog)January 13, 2012

By John Fontana | January 12, 2012, 4:36pm PST Summary: The Electronic Privacy Information Center has sent a letter to the Federal Trade Commission asking it to investigate Google's integration of Google+ and Google Search. EPIC cites the FTC's ongoing ...more »

Federal Contracts
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Letter airs harassment claims against HP's ex-CEO
The AustralianJanuary 2, 2012

Picture: Paul Sakuma/AP Source: AP FORMER Hewlett-Packard CEO Mark Hurd's efforts to impress an HP event hostess included showing her his checking-account balance holding over $US1 million, according to a letter detailing the sexual harassment...more »

Unfair Competition
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Ferry fare increase causes concerns
The TelegramJanuary 14, 2012

Newfoundlanders need to jump on the Marine Atlantic ferry increase, says Greer Hunt of Hunt's Transport Ltd. "It's creating an unfair marketplace to keep putting rates up," said Hunt, whose business is based in Mount Pearl. Hunt said it's tougher for ...more »

Federal Grants
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New year brings new laws in California
Middle East North Africa Financial NetworkJanuary 1, 2012

Child actors: streamlines the process for obtaining state permission for minors to work in the entertainment industry by allowing parents to get temporary permits online rather than through the mail. Clemency: requires governors to give prosecutors a ...more »

Venture Capital
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How Facebook will take over the rest of the world in 2012
VentureBeatJanuary 2, 2012

We can expect this to drive a ton of innovation outside of Facebook as vested Facebookers break off to start their own companies and venture capital firms. Innovation will be driven further inside of Facebook as well, thanks to the cash infusion. ...more »


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Mark J RichardsAttorney at LawPRACTICE AREA: Contracts, Sports Law
Mark S DymAttorney at LawPRACTICE AREA: Personal Injury, Litigation, Sports Law