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

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Romney pledges to veto federal DREAM Act for immigrants
Washington Post (blog)January 1, 2012

Mitt Romney signs autographs during a campaign stop at Kinzler Construction in Ames, Iowa on Thursday. (Charlie Riedel - AP) LE MARS, Iowa – Mitt Romney returned to Iowa Saturday night sounding even more sure of his chances at claiming the Republican ...more »

Families celebrate New Year's in Homewood
SouthtownStarJanuary 1, 2012

“This is really a great way for families to celebrate,” Allisa Opyd, events coordinator, said. “Each year it has grown to be a bigger family event.” Homewood resident Christina Petrovic said her mother-in-law, Lynn Petrovic, made sure it was a bigger ...more »

Business Law News and Stories

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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 »

Foreign Investments
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On Guard
Financial-Planning.comJanuary 3, 2012

For additional information, visit This document also contains a brief description of several recent court cases that involved fraudulent investments made through self-directed IRA accounts. ...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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Congress' New Years Resolution: End Piracy
The Spoof (satire)January 1, 2012

No, the Disney franchise isn't being threatened either. Today the biggest and most dangerous center of piracy is none other than the internet. This week not just one but two competing bills are making their way through congress to sharply increase the ...more »

Gaming Law
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Mash-ups to watch in 2012: Potential clashes abound in the Capitol and the ...
Sacramento BeeJanuary 1, 2012

3 CRIMINAL JUSTICE – Are voters ready to reconsider "get-tough-on-crime" statutes? Three measures could end up on the November ballot that would dramatically change California's sentencing laws and realign criminal justice responsibilities. ...more »

Banking Law
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US imposes sanctions on banks dealing with Iran
Reuters IndiaJanuary 1, 2012

By Laura MacInnis | HONOLULU (Reuters) - US President Barack Obama signed into law on Saturday a defense funding bill that imposes sanctions on financial institutions dealing with Iran's central bank, while allowing for exemptions to avoid upsetting ...more »

Government Construction Contracts
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Spain public deficit may even top 8 percent: economy minister
ReutersJanuary 2, 2012

The government must find savings worth more than 35 billion euros in 2012 to meet its deficit goal of 4.4 percent of GDP. "With these measures, we're not very optimistic on the growth prospects for this year. We expect the economy to contract by more ...more »

Business Formation
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PERSPECTIVES: Judge's ruling may unsettle corporate policyholders
Business InsuranceJanuary 1, 2012

In refusing to accept a so-called consent decree, which essentially is a court-approved settlement between a company and government regulators, the judge called into question a legal maneuver that has facilitated numerous settlement agreements. ...more »

Institutional Investing
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Time to Invest in Future Competitiveness
Center For American ProgressJanuary 3, 2012

But some also reflects an economy recovering from shocks earlier in the year and building on the business spending spurred by the American Recovery and Reinvestment Act of 2009. Such business investment fell to a low of 6.4 percent of GDP in the second ...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 »

Their View: Steve Pearce: A jackal in eagle's clothing
Silver City Sun NewsJanuary 8, 2012

The San Francisco River has no Law Department. Trees get paid well below minimum wage for helping maintain an environment we can live in. Environmental groups only get paid for winning lawsuits that make government or industry follow the law. ...more »

Commercial Bankruptcy
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List: Portland's largest bankruptcies of 2011
Portland Business Journal (blog)January 3, 2012

The bankruptcy of Thornburgh Resort Co. tops the list of commercial bankruptcies filed in Portland in 2011. The Redmond-based resort, one of a handful of golf course developments that filed for bankruptcy in 2011, listed debts of between $10 million ...more »

Internal Investigative Services
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Guest columnist DOJ report on Seattle Police Department can provide a basis ...
The Seattle TimesJanuary 2, 2012

But as former civilian auditors of SPD's internal investigations, they think it can provide a path for improvement. By Kate Pflaumer and Terrence Carroll No comments have been posted to this article. THE recent Department of Justice report concerning ...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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Brokerage Firm Sale Runs Afoul of FINRA Private Securities Transaction Rule
ForbesJanuary 3, 2012

Without admitting or denying the findings, prior to a hearing, and without an adjudication of any issue of law or fact, Respondents Syndicated Capital, Inc. (“SCI”), Joseph L. McAdams, Jr., and Faith Li Lee submitted a Letter of Acceptance, ...more »

Communications & Media
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Chinese couple has eight babies, violating nation's one-child law
DigitalJournal.comJanuary 2, 2012

A law passed in 2001, prohibits Chinese medical institutions and personnel from performing gestational surrogacy, in which an embryo from a couple is implanted into another woman who carries the baby to term. But there is a busy underground market as ...more »

House votes again to make NH gun licenses optional
Boston.comJanuary 5, 2012

Supporters of making licenses optional argued law-abiding citizens have a constitutional right to guns and should not be required to get a license. "An armed society is a polite society," said state Rep. Mark Warden, R-Goffstown. ...more »

Construction & Development
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Hudson Harbor Sees Construction Difficulties
The Daily Sleepy HollowJanuary 1, 2012

TARRYTOWN, NY – Height has been an issue for several months for the Phase 2 residences currently in construction at the Hudson Harbor real estate development because it's about two feet too high. Tarrytown trustees and the Planning Board will hold a ...more »

Locating Funds
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Road funds at risk in some states over safety rule
USA TODAYJanuary 2, 2012

Although tougher open-container laws have repeatedly been filibustered in Missouri, the changes needed to comply with federal standards on drunken driving sentences and commercial driver's licenses have not been controversial. ...more »

Contracts Involving State & Minicipality
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Top 10 stories of 2011
Hernando TodayJanuary 1, 2012

10: Brooksville City Council members did another U-turn and once again approved a contract in October to have 20 red light cameras installed within the city — paying a company $4500 a month per cameras that is installed, according to a proposed ...more »

Mergers, Acquisitions & Divestitures
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IBM maintains top spot in global patent rankings, Canon overtakes Microsoft
EngadgetJanuary 11, 2012

Mergers and acquisitions, divestitures and the direct sale and licensing of patents all contribute to a dynamic IP landscape." The automotive industry showed strong gains in both patent grants and published applications. Japan automakers Honda and ...more »

Corporate Finance & Taxation
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Organised crime trumped fears on civil liberties
The AustralianJanuary 1, 2012

... amid concern about the extent of organised crime in Australia, following revelations of the murderous criminal activities of the Painters and Dockers Union and the widespread use of so-called bottom-of-the-harbour company tax avoidance schemes. ...more »

Mortgages & Foreclosures
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Bondi files suit against two foreclosure management firms
South Florida Business JournalJanuary 5, 2012

“The laws that protect Floridians from deceptive practices and homeowners during the course of a residential foreclosure must be abided by, and I am pleased that the Court granted our motion to stop these companies from defrauding Floridians. ...more »

Creditor's Rights
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Morgan Stanley buys Orchard Capital Investment funds
The AustralianJanuary 3, 2012

Shareholders will receive $13m for the funds management business -- representing a deep discount on the $77m conversion of notes to equity that transformed creditors into owners before the global financial crisis. Morgan Stanley will recapitalise ...more »

Non-Profit Corporations
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“Cruelty-Free” Lies Of The Cosmetic Industry
Global AnimalJanuary 1, 2012

We're not saving a life.” As a spokeswoman for the Physicians Committee for Responsible Medicine, a nonprofit health organization whose goals include promoting animal-free testing, Ms. Bauer has a mission: to get more people to use makeup and ...more »

Customs Disputes
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Commission for implementation of women laws demanded
Pakistan ObserverJanuary 1, 2012

The criminal justice system, which is gradually improving, will provide protection to women from negative customs and traditions besides ensuring secure environment for them, Executive Director Women Organization for Rights and Development, ...more »

Professional Corporations
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Glass Lewis Recommends That ChinaCast Education Shareholders Vote "for" the ...
Sacramento BeeJanuary 6, 2012

This press release may contain statements that are forward-looking, as that term is defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements express our current expectations or forecasts of possible future ...more »

Debt Collection
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Essential Mesothelioma Legal Advice & Treatment Option Booklet Now Offered ...
PR Web (press release)January 2, 2012

Clapper Patti Schweizer & Mason, one of the most successful mesothelioma law firms in the nation in getting significant awards for those injured by asbestos, now offers a free booklet that contains all the essential information regarding choosing an ...more »

Public Offerings
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Eavesdropping case in tiny Illinois town makes big waves
Chicago TribuneJanuary 1, 2012

The 42-year-old car buff from Bridgeport, about 250 miles south of Chicago, has repeatedly butted heads with the police chief, the state's attorney and other elected officials. Lawsuits have been filed. The bad blood has been simmering for years. ...more »

Debt Settlement
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Leagle.comJanuary 2, 2012

... Wayne County Sheriff, and Jacob Ghannam, alleging the following: False or Misleading Misrepresentation (Count I), violation of Fair Debt Collection Act (Count II), violation of Racketeer Influenced and Corrupt Organizations Act (RICO) (Count III), ...more »

Reorganizations & Restructuring
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NOT GETTING THEIR WINTER KICK Cosmos reorganization forces postponement of Las ...
Big Apple SoccerJanuary 16, 2012

In December, the Cosmos' new owners initiated a complete organizational restructuring, which included the dismissal of executive officer Joe Fraga. Despite the postponement, Justice Entertainment Group president and COO Daren Libonati said that the ...more »

Directors' & Officers' Liability
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Parents held responsible for underage drinking
Daily CometJanuary 3, 2012

What some may not know is that liability laws can leave Mom and Dad vulnerable to lawsuits, fines and even jail time if underage drinking is found to be going on under their roof. Parents can get in trouble even if they didn't know about the drinking. ...more »

State & Minicipal Bonds
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For Portland's dope king, love and mistrust
Albany Times UnionJanuary 2, 2012

He has filed for bankruptcy at least twice. For at least three years, he paid off his personal bills with money from the foundation, and when the feds found out, he simply gave up the foundation's nonprofit status. When cornered, time and again, ...more »

False Advertising
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US election 2012: the dramatic impact of attack advertising on American politics 2, 2012

Attack advertising funded by secret donations to opaque political groups is having a dramatic impact on American politics, after controversially being made legal by the US Supreme Court in 2010. By Jon Swaine The Iowa campaign of Newt Gingrich, ...more »

Trade Associations
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Reilly says GPs can enter talks without change to Competition Act
Irish TimesJanuary 3, 2012

TRADE UNIONS and professional bodies representing contractors such as general practitioners (GPs) who are providing services to the State will in future be able to discuss terms and conditions for members with the Government without the Competition Act...more »

Federal Contracts
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Laden with baggage, Newt Gingrich marches on
The Boston GlobeJanuary 1, 2012

The Gingrich Group and the health care think tank, citing confidentiality agreements, have declined to release a list of clients. Gingrich's most controversial work has been his consulting contract with Freddie Mac, the quasi-public mortgage giant. ...more »

Unfair Competition
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Medical marijuana timeout: Boulder dispensaries react to ban on new businesses
Daily CameraJanuary 5, 2012

On Wednesday, Pease said he thinks the moratorium is an unfair overreaction to his case. "No, I don't think it's fair to the other people -- not at all," he said. "It seems like, to me, that instead of putting it on hold and stopping the world, ...more »

Federal Grants
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Coachella Valley cities face highs, lows in 2011
The Desert SunJanuary 1, 2012

Jean Cross, who fraudulently landed a $35 million grant for the Indio Youth Task Force, was sentenced Nov. 21 to six years in prison, three years of supervised release and a fine of $60000. She was found guilty in June of mail fraud, document forgery ...more »

Venture Capital
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Kansas Venture Capital buys into methane energy company
Kansas City Business JournalJanuary 5, 2012

Perennial was advised in the transaction by Overland Park-based O'Keeffe & O'Malley Inc. “We're buying out part of the ownership group that wants to exit the company,” Marshall Parker, president of Kansas Venture Capital Inc., said in a Thursday ...more »


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