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 »

State's top court to hear developer's suit over records
New Jersey HeraldJanuary 1, 2012

As part of the trial case decision, the judge said it appears that Chelsea Property Group was "lending aid to assistance to the Law Clinic" but that Sussex Commons "is not entitled to the substance of those communications." Kelly filed an appeal to the ...more »

Business Law News and Stories

Advertising
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Key 2012 legislation at a glance
Sacramento BeeJanuary 2, 2012

Do not use the commenting system for advertising. That's spam and it isn't allowed. • Don't use all capital letters. That's akin to yelling and not appreciated by the audience. • Don't flag other users' comments just because you don't agree with their ...more »

Foreign Investments
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Candidates' job-creation plans
The News-PressJanuary 2, 2012

She wants to simplify the corporate tax code to encourage US companies to invest earnings generated overseas in jobs and growth here. She says she would foster innovation, enforce immigration laws and eliminate corporate taxes and regulation that ...more »

Antitrust Law, Domestic
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Keane's Legal Claimant Services Division Adds Estate Litigation Experts
MarketWatch (press release)January 4, 2012

NEW YORK, Jan 04, 2012 (BUSINESS WIRE) -- Keane, the country's only comprehensive provider of unclaimed property consulting, unclaimed property reporting, and communication solutions, today announced that it is expanding its Legal Claimant Services ...more »

Franchising
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Dav Whatmore quits IPL job
The Nation, PakistanJanuary 2, 2012

LAHORE - Dav Whatmore has resigned as head coach of Kolkata Knight Riders an IPL franchise. His coaching contract was up to May 2012 with Kolkata team but Whatmore opted out just before the start of the fourth edition of the IPL. ...more »

Gaming Law
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DeWine at odds with Internet caf s over regulation
Youngstown VindicatorJanuary 7, 2012

However, state law is not clear enough, the attorney general said, to enable law enforcement to crack down on Internet caf s. “On skill games, they say there's no chance, it's a game of skill, so therefore it's not illegal gambling,” Thomas said. ...more »

Banking Law
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Hospital 'fundraisers' skim bank accounts
North Shore NewsJanuary 1, 2012

Instead, information entered into the terminal - which had been stolen from a store and modified to record data - was reportedly used later to access victims' bank accounts. In one case, a customer lost more than $800 to the scam, according to police. ...more »

Government Construction Contracts
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Global Growth Slows to 3.9% as O'Neill Sees BRICs Diminished by Population
BloombergJanuary 3, 2012

Enlarge image A Construction Worker in India A Construction Worker in India A construction worker pours concrete into molds at a construction site in New Delhi, IndiaPhotographer: Prashanth Vishwanathan/Bloomberg A year ago, Catherine Liu employed more ...more »

Business Formation
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For Portland's dope king, love and mistrust
CBS NewsJanuary 1, 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 »

Institutional Investing
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Vetting pharma M&As out of ambit, says CCI
Times of IndiaJanuary 1, 2012

Officials told TOI that CCI has told the government that the move will be tough to defend in a court of law and can only be implemented if the government amends the Competition Act. Amid demands from domestic industry and the department of industrial...more »

Commercial
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Business People / Hires, promotions and honors [The Buffalo News, N.Y.]
Insurance News Net (press release)January 1, 2012

A Boston College graduate, McKenna received her JD from the University at Buffalo School of Law . Talbot focuses his practice in mergers and acquisitions, corporate law, commercial transactions. He is a Canisius College graduate and earned his JD at ...more »

Stopping airline offer against the law: Expert
Peninsula On-lineJanuary 2, 2012

Qatar is also a member of the World Trade Organization (WTO) and is committed to protecting businesses and investments and encouraging competition. And there is a law (Number 19 of 2006) that seeks to prevent trade monopolies, encourage competition and ...more »

Commercial Bankruptcy
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The Marijuana.com 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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Suspended Connecticut Detective to Resign
Officer.comJanuary 4, 2012

"The retaliation is ongoing ... and includes my being removed from the task force which I have been a part of for 9 years and there existing no basis for my removal, frivolous internal affairs investigations and my being denied overtime I am entitled ...more »

Commercial Leasing
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MENA Hydrocarbons Inc. Announces Expiry of the Agreement to Acquire Offshore ...
DigitalJournal.com (press release)January 3, 2012

3, 2012) - MENA Hydrocarbons Inc. ("MENA" or the "Company") (TSX VENTURE:MNH) announces that the agreement to acquire a 55 percent participating interest in an offshore development lease located 60km off the Mediterranean coast of Egypt expired ...more »

International Transactions
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Best Buy Reports December Revenue of $8.4 Billion
MarketWatch (press release)January 6, 2012

The International segment's fiscal December revenue totaled $1.9 billion, a decrease of 1.7 percent versus the prior-year period. The revenue decline was driven primarily by a comparable store sales decline of 4.3 percent and unfavorable fluctuations ...more »

Communications & Media
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Why Does Big Labor Support the Stop Online Piracy Act?
The New AmericanJanuary 1, 2012

Perhaps they understand that by granting the government the power to pull the plug on any one of these websites at any time without warning, SOPA is a persuasive disincentive to investment and thus to corporate growth and survival. ...more »

More ID to be needed for driver's license
Maui NewsJanuary 9, 2012

The new rules come as the state moves to comply with the stricter requirements of the Real ID federal security law, which requires proof of "legal presence" before people can obtain a driver's license or learner's permits. The federal law was enacted ...more »

Construction & Development
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2011 Year in review: Year marked by storm, Sunday alcohol, new venue
Tuscaloosa NewsJanuary 1, 2012

A spirit to rebuild and return sprung forth almost immediately from the city's residents and business owners, but there was an estimated 1.5 million cubic yards of debris that had to be cleared before any new construction could really begin. ...more »

Locating Funds
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Creative sentences put money back in environment: study
Edmonton JournalJanuary 2, 2012

The Canadian Association of Petroleum Producers had never be-fore received funds directed from an Alberta court's creative sentence. In this case, Norway-based Statoil had broken the rules of its Water Act licence and the contribution to an on-line ...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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WilmerHale Continues Growth in New York With Addition of Richard Andersen and ...
MarketWatch (press release)January 4, 2012

Widely renowned as a leader in corporate and transactional work, WilmerHale was recently ranked by US News/Best Lawyers in the national categories of Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law; Corporate Law; ...more »

Corporate Finance & Taxation
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Tax-to-GDP ratio unlikely to touch double-digit
The News InternationalJanuary 1, 2012

Pakistan is ranked to have one of the lowest tax-to-GDP ratio in the world. The tax-to-GDP ratio was at 9.4 percent in FY11, marginally increased from 9.1 percent a year ago, according to the Ministry of Finance data. The Federal Board of Revenue (FBR) ...more »

Mortgages & Foreclosures
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Chicago Crosses the Line In Trying to Maintain Property Values
Reason OnlineJanuary 5, 2012

Las Vegas recently passed a law requiring banks to register properties with defaulted mortgages at fee of $200 each. Research by the American Financial Services Association has found over 460 city ordinances around the country trying to address the ...more »

Creditor's Rights
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Manufacturing leads way in '11
Toledo BladeJanuary 1, 2012

Bostleman Corp., a six-decade old construction company, shut down in November after filing for bankruptcy liquidation. The company, which had served as construction manager for projects at state universities, public school districts, hospitals, ...more »

Non-Profit Corporations
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Loophole allowed state to pay $235 million to organizations run by lawmakers ...
Bangor Daily NewsJanuary 4, 2012

“I'm perfectly comfortable with including this aspect under the existing law.” The Maine Center for Public Interest Reporting is a nonprofit and nonpartisan journalism organization that provides in-depth reporting as a public service to its Maine media ...more »

Customs Disputes
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New Licensing Regime Jolts Freight Forwarders
THISDAY LiveJanuary 1, 2012

Although the Customs and Excise Management Act provides for self clearing in which an importer is allowed the option of clearing its goods, most of them prefer to use clearing agents because of the bureaucracy involved. Accordingly, government reviews ...more »

Professional Corporations
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Acorn Energy Appoints Heather K. Mallard Vice President, General Counsel and ...
MarketWatch (press release)January 6, 2012

Ms. Mallard is presently a partner in the law firm of Womble Carlyle Sandridge & Rice, LLP, where she has practiced for over 23 years. Ms. Mallard is a seasoned corporate and business lawyer, with a practice that has spanned a variety of industries, ...more »

Debt Collection
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Legal Hiring in Q1 Bright for Legal Industry
JDJournal.comJanuary 3, 2012

“Firms are being smarter about how and when they add personnel.” “General counsel are handling more matters internally in areas such as corporate transactional, labor and employment, intellectual property, litigation and regulatory law,” Volkert said, ...more »

Public Offerings
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This just in from the state Secretary of State's office
SignalJanuary 4, 2012

By Signal news sources SACRAMENTO - Secretary of State Debra Bowen today announced that the proponent of a new initiative may begin collecting petition signatures for his measure. The Attorney General prepares the legal title and summary that is ...more »

Debt Settlement
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Hanging a Shingle: How to Start Your Own Law Practice
ABA JournalJanuary 3, 2012

Stephanie Francis Ward: Janice, how did you know when it was time to hire an associate or perhaps a contract attorney? Janice P. Brown: Early on. I knew that the practice that I started when I left Seltzer Caplan, I had enough business to have the need ...more »

Reorganizations & Restructuring
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Kodak Preparing for Chapter 11 Filing
Wall Street JournalJanuary 4, 2012

By MIKE SPECTOR And DANA MATTIOLI Eastman Kodak Co. is preparing for a Chapter 11 bankruptcy-protection filing in the coming weeks should efforts to sell a trove of digital patents fall through, people familiar with the matter said. ...more »

Directors' & Officers' Liability
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Indo-US mechanism to end nuclear liability stalemate
India TodayJanuary 1, 2012

An India-US joint working group (JWG) will hold its first meeting in January in an attempt to untie the knot created by the civil nuclear liability law and guidelines that have stalled participation of American nuclear firms in India's lucrative market ...more »

State & Minicipal Bonds
[read all news]
Mo. business groups to push for workers' comp, employment law, civil lawsuit ...
The RepublicJanuary 3, 2012

Missouri business groups are listing changes in workers' compensation, employment law and civil lawsuits as their top priorities in the legislative session that starts Wednesday. Representatives of the Missouri Chamber of Commerce and Industry, ...more »

False Advertising
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2nd edition of OOH Advertising Awards announced
exchange4media.comJanuary 2, 2012

By exchange4media News Service The second edition of e4m & n2m OOH Conference and Awards for Outdoor Advertising & Digital Signage has been announced. The Awards, established in 2011, have been highly endorsed by the industry. ...more »

Trade Associations
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ARIAD to Trade on the NASDAQ Global Select Market
MarketWatch (press release)January 3, 2012

We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law. ARIAD Pharmaceuticals, Inc. For Investors Maria ...more »

Federal Contracts
[read all news]
Silicon Valley Politicians Introduce 50 New Laws for 2012
Patch.comJanuary 1, 2012

SB 506: Spurring Investment in California Bonds It updates laws allowing the use of registered warrants to pay an existing tax liability. SB 225: Expanding Small Business Loan Program Through the bill, small trucking companies are able to access the ...more »

Unfair Competition
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TPTCC NY, INC. v. RADIATION THERAPY SERVS., INC.
Leagle.comJanuary 2, 2012

As a general matter, federal district courts have supplemental jurisdiction over state law claims "that are so related to claims in the action within such original jurisdiction that they form part of the same case or controversy under Article III of ...more »

Federal Grants
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Crackdown on council home sublets
BBC NewsJanuary 1, 2012

Housing Minister Grant Shapps said: "For too long this country has turned a blind eye on the multi-billion pound problem of housing tenancy fraud and abuse. "This year the coalition is determined to end that scandal. Why should someone on a six-figure ...more »

Venture Capital
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VoodooVox acquired by Call Genie
Portada MagazineJanuary 3, 2012

Call Genie has raised a ton of venture capital from investors like Apax Partners, Softbank Capital, Steamboat Ventures (Disney), Berkshire Capital Investors and Village Ventures. VoodooVox provides demographic information on phone calls and mobile ad ...more »

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