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 »

Law Office Of Brodsky & Smith To Probe Potential Claims Against Parlux Directors
RTT NewsJanuary 1, 2012

The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Parlux for not acting in Parlux shareholders' best interests in connection with the sale. by RTT Staff Writer.more »

Business Law News and Stories

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How the Economy and Technology Are Changing Our News
Caribbean Media VisionJanuary 1, 2012

Online delivery gives newsrooms a global audience and the ability to increase advertising revenue from the constant demand of online content. The faster the news, the more virally it can spread. New media platforms are speeding up the delivery of news ...more »

Foreign Investments
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Exxon Gets 'Disappointing' $750 Million After Venezuela Seizure
BloombergJanuary 1, 2012

Other Arbitration Cases Chavez, who has nationalized assets in the energy, metals, cement and telecommunications industries, faces about 20 arbitration cases at the ICSID, according to the Washington- based center's website. ...more »

Antitrust Law, Domestic
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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 »

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Hot Lakers get lift from center
Fort Wayne Journal GazetteJanuary 1, 2012

Spencer Hawes had 14 points and 12 rebounds for the 76ers, who have one more stop left on their season-opening, five-game road trip — the longest trip to start a season in franchise history. Stephen Curry, back in the lineup after a one-game absence ...more »

Gaming Law
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NJ seeks winning formula to revive gambling industry
Asbury Park PressJanuary 2, 2012

Sustainability: Indivividuals and organizations are embracing sustainability, say New Jersey's environmental leaders, but but we have yet to institutionalize that commitment in law. Agriculture: High land prices and ubiquitous development combine to ...more »

Banking Law
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Halfway House Was Convenient Stop For Bank Robber
ForbesJanuary 3, 2012

The 23 year-old was arrested just before Christmas and has now been charged with robbing up to 6 banks. Bank robbery is usually handled by federal authorities, who now have Beall in custody. The tip that led to Beall's arrest came from an employee at ...more »

Government Construction Contracts
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Chinese contractors stake out for Sh 287 billion
IPPmediaJanuary 1, 2012

Speaking yesterday to the Guardian on Sunday on behalf of 20 Chinese contractors awarded tenders for road construction in various parts of the country, Chinese contractor Wang Chi said despite being promised by the government in November that their ...more »

Business Formation
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More room for women at the top
Sydney Morning HeraldJanuary 1, 2012

A director for nine years, Mann is on the boards of First State Superannuation Trustee Corporation (with $30 billion under management), Perpetual Superannuation Limited and chairs the Doctors' Health Fund Limited. She joined listed company Ridley Corp...more »

Institutional Investing
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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 »

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Longtime Madison lawyer Ken Hur dies at 87
Wisconsin State JournalJanuary 4, 2012

In his most famous television commercial, the manatee-shaped Hur — born Hurwitz in Syracuse, New York in 1924 — emerged wearing beads and long necklaces and scuba gear from a swimming pool, asking potential bankruptcy customers: "If you're in over ...more »

Alliance for Retired Americans Friday Alert, January 13, 2012
eNews Park ForestJanuary 13, 2012

“The seniors at the picnic were in sharp contrast to the Romney donors, who - by virtue of attending their event - were forwarding the interests of the wealthiest 1% of Americans over the middle class,” said Alliance President Barbara J. Easterling. ...more »

Commercial Bankruptcy
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Lawyers offer free consultations at public libraries in Benicia, Vallejo
Vallejo Times-HeraldJanuary 1, 2012

People who may need help from a private attorney are generally referred through the Solano County Bar Association. "It's only one facet of what a library does," Atkins said. "There are few other public agencies where you can go in and get free legal ...more »

Internal Investigative Services
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NYPD aims to give 'vice' cop the boot
New York Daily NewsJanuary 13, 2012

The Internal Affairs report shows Green has been the subject of nine department investigations. He's been accused since 2007 of associating with criminals, menacing and official misconduct. The reports shows all but two were either unsubstantiated or ...more »

Commercial Leasing
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Legal View
Khaleej TimesJanuary 1, 2012

My limited contract got extended automatically for one year. Is it necessary to complete five years in this case to move to another company? Would I be liable to a labour ban as per the new labour law. What is the notice period I should serve before ...more »

International Transactions
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Asian Economies Look to Keep Iranian Oil Flowing
ABC NewsJanuary 6, 2012

"China opposes the placing of one's domestic law above international law and imposing unilateral sanctions on other countries." US Treasury Secretary Timothy Geithner is due to visit Beijing and Tokyo next week for talks that officials say will include ...more »

Communications & Media
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Doomsday forecasts aside, changes coming in 2012
Richmond Times DispatchJanuary 1, 2012

Consider that four members of the nine-member court are appointees of Democratic Presidents Bill Clinton and Obama. Here's the take from University of Richmond law professor Kevin Walsh: "Predicting the outcome of Supreme Court cases can be a fool's ...more »

Stupid laws
Ventura County StarJanuary 4, 2012

One of the famous new laws is that if you don't have a driver's license, the authorities cannot impound your car. If you do comply with the licensing law, watch out! You could lose your vehicle! Pharmacists can furnish hypodermic needles and syringes ...more »

Construction & Development
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NA passed 25 bills, enacted 22 laws in 2011
The News InternationalJanuary 1, 2012

... the National Defence University Act, 2011 (May 14), the Industrial Development Bank of Pakistan (Reorganization and Conversion) Act, 2011 (May 10), the Election Laws (Amendment) Act, 2011 (May 3), the Pakistan Institute of Fashion and Design Act, ...more »

Locating Funds
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J&G Attorney Disputes Assertions That Protest Over GHURA Award is Subject to ...
Pacific News CenterJanuary 1, 2012

HUD further explains, "Each year, the IRS allocates housing tax credits to designated state agencies - typically state housing finance agencies - which in turn award the credits to developers of qualified projects. ... The state allocating agency must ...more »

Contracts Involving State & Minicipality
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Government messes up, but won't pay up: James Gill
NOLA.comJanuary 1, 2012

This, Heath asserts in his appeal, makes the public records law useless, to which the appeal court retorts it is "no more useless" than "tort or contract suits against the state." True, of course, but that is still pretty useless. ...more »

Mergers, Acquisitions & Divestitures
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Who's What, Where - January 2012
Connecticut Business News JournalJanuary 9, 2012

Schellenberg practices in the firm's Appellate, Land Use & Zoning, and Litigation Groups, representing clients in matters including administrative appeals, securities law, family law, probate law, commercial and contract law, foreclosures and other ...more »

Corporate Finance & Taxation
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Kennewick man triumphs over state law
TheNewsTribune.comJanuary 1, 2012

Buck, who purchased a used car for his son to drive while away at college, challenged a law that allows state agents to charge a sales tax on what they say a car is worth, even if the purchase price was much less. Buck claims he shouldn't be forced to ...more »

Mortgages & Foreclosures
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Mitt Romney listens to Tampa Bay residents at housing roundtable
Tampabay.comJanuary 23, 2012

But that was little comfort to round table participant Candice Tamney, who has been unemployed for three years and was served foreclosure papers in October. "I'm going to be living in my home until I'm kicked out," she said. "This system is not working ...more »

Creditor's Rights
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Ahern to start borrowing on bankruptcy loan to pay debt
KHL GroupJanuary 3, 2012

Following the news that one of North America's largest independent rental companies, Las Vegas-based Ahern Rentals, has filed for Chapter 11 bankruptcy in order to restructure around $500 million in debt. Dow Jones News services has reported that the ...more »

Non-Profit Corporations
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New GAR Foundation president follows familiar footsteps
Akron Beacon JournalJanuary 3, 2012

The foundation has distributed more than $200 million to nonprofit organizations and has assets of about $140 million. The foundation primarily focuses on Summit County, though it also supports Northeast Ohio organizations with a top priority being ...more »

Customs Disputes
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California cracks down on global slave labour
Calgary HeraldJanuary 2, 2012

By Noel Randewich, Reuters January 2, 2012 1:07 AM A new California law will force retailers and manufacturers to disclose how they guard against slavery and human trafficking throughout their supply chains, ratcheting up scrutiny of some of the ...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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Ex-president of Erie's Unicredit takes the Fifth, again
GoErie.comJanuary 1, 2012

Covatto's repeated citing of the Fifth Amendment, which continued at a creditors meeting in US Bankruptcy Court in Erie last week, indicates he has not relented in his belief he is caught up in a federal criminal investigation of Unicredit. ...more »

Public Offerings
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Lacrosse lawyer seeks Duke PR info
Durham Herald SunJanuary 2, 2012

Durham attorney Bob Ekstrand has told federal judges information from the two firms, Burson-Marsteller and Edelman, is important to his clients' civil-rights lawsuit against Duke because public-relations worries were central to the school's response in ...more »

Debt Settlement
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KUNA proceeds broadcasting report on major events in 2011
Kuwait News AgencyJanuary 2, 2012

On August 2, the Senate passed by a solid bipartisan margin, and sent to the President, the Budget Control Act of 2011. The bill raises the debt ceiling, protects the full faith and credit of the United States, and reduces the budget deficit. ...more »

Reorganizations & Restructuring
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Mets Hire Financial Advisory Firm But Deny Rumors Of Impending Bankruptcy
SI.comJanuary 7, 2012

CRG Partners lists financial advisory work, restructuring and reorganization, and turnaround management as its special talents, according to the New York Times. Only 10 percent of its work took place in bankruptcy court last year. ...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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William Polk Carey, donor to Hopkins and UM, dies
Baltimore SunJanuary 2, 2012

In April, he donated $30 million to the University of Maryland School of Law, the largest gift in the institution's history. The philanthropist also made a $50 million bequest in 2006 to found the Johns Hopkins University's Carey School of Business, ...more »

False Advertising
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Of heart surgery and mothers-in-law
Jerusalem PostJanuary 1, 2012

But mothers-in-law and business issues? Bring them on. Issamar Ginzberg is a rabbi, businessman, public speaker and marketer. He travels extensively between New York and Jerusalem and has been published in more than 30 national business publications, ...more »

Trade Associations
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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 »

Federal Contracts
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Mom says baby worth legal fight with church
Coshocton TribuneJanuary 1, 2012

... I wanted a child," said Dias, who declined to let her daughter's name be used or face be photographed. The school's attorneys countered that Dias' choices are why she was fired. "Above all, this is a case about a contract," the school's lawyers wrote.more »

Unfair Competition
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Apple loses bid to seal trade secrets in Psystar suit
Apple InsiderJanuary 4, 2012

Two months later, the company responded with a counterclaim which alleged that Apple had used its "monopoly position" as the manufacturer of Mac computers to cause restraint of trade, unfair competition, and other violations of antitrust law. ...more »

Federal Grants
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Contracts went to criminals
Toledo BladeJanuary 1, 2012

“I work side by side with My Bro Greg Jr., running my fathers construction company!” her Facebook profile says. “Its a great job if you can deal with your parents yelling at you like your still a kid! I don't mind it!” Grecheri Harris, daughter of ...more »

Venture Capital
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Venture capital deals
FortuneJanuary 3, 2012

Kleiner Perkins Caufield & Byers led the round, and was joined by GGV Capital. SoundCloud previously raised capital from Doughty Hanson Technology Ventures, Union Square Ventures and Index Ventures. Renmatix, a King of Prussia, Penn. ...more »


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