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

Top Picks in News

2011 Year in Review, Police & Courts: Diaz, Cazares sentenced; manhunt ends ...
Quincy Herald WhigJanuary 1, 2012

At the same hearing, Marion County Prosecutor Tom Redington presented Blue Ryno checks signed by Oswalt and made payable to criminal defense attorneys representing Oswalt's daughter in Missouri and Illinois drug cases, as well to her daughter's ...more »

Details of £250m pounds tax swindle involving two Welshmen released
WalesOnlineJanuary 1, 2012

Her Majesty's Customs and Revenue described fish and chip shop owner Majid as one of the key players in the scam, which saw pay-as-you-go mobile phones shipped across Europe through a complex network of companies designed to confuse tax officials. ...more »

Business Law News and Stories

Advertising
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Forward with the business of the country
Jamaica ObserverJanuary 1, 2012

According to the national crime statistics, 2010 and 2011 were the first years since 1999 that all crimes were down. This was the result of citizens standing up and refusing to allow their government to be captured by criminals and criminal...more »

Foreign Investments
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Burundi is 'too' business friendly
East AfricanJanuary 1, 2012

So far, there is something to cheer about; foreign direct investment (FDI) into Burundi grew 4 per cent to $104 million in 2011, according to figures released last week. But going by the experience in the region, Burundi now ought to start thinking ...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 »

Franchising
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Is California Dreamin' still a sports reality?
Examiner.comJanuary 1, 2012

It has been nearly three years since MLB Commissioner Bud Selig commissioned a panel to figure out if the Barons of Baseball, the 29 owners who don't own Lewis Wolff's Oakland Athletics franchise, should allow Wolff to relocate his team from Oakland to ...more »

Gaming Law
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Online Gambling Is No Sure Bet For States Even With DOJ Ruling
Huffington PostJanuary 4, 2012

But he added that the lottery would likely be the loser in this scenario, with powerful Indian interests getting a hefty chunk of the action. "The tribes see [online gambling] as inevitable and something that must be shared," he said. ...more »

Banking Law
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Fear and Loathing in Las Vegas
US BankerJanuary 1, 2012

But with new regulations eliminating several billion dollars of debit interchange revenue that banks had gotten used to collecting from merchants, even those banks that are successful in gaining more business from existing customers will still find it ...more »

Government Construction Contracts
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Jacobs Engineering Wins Contract With ISACC In Saudi Arabia - Quick Facts
RTT NewsJanuary 3, 2012

(RTTNews) - Jacobs Engineering Group Inc. (JEC: News ) announced it has been awarded a contract by IDEA Soda Ash and Calcium Chloride Company or ISACC to provide engineering and project management services for the construction of a $300 million soda ...more »

Business Formation
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Corporate drama hits East African Portland Cement
East AfricanJanuary 1, 2012

File | NATION A signpost of East African Portland Cement Company near the entrance to the factory in Athi River. By MWAURA KIMANI (email the author) Thursday January 5 could be the turning point in the future of Kenya's second biggest cement maker, ...more »

Institutional Investing
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Forget Stocks Or Bonds, Invest In A Lobbyist
NPR (blog)January 6, 2012

Getting a regulation gutted or a tax loophole created means extra cash for the corporation. But getting laws changed can be very expensive. How much money does a corporation get back from investing in a good lobbyist? It's a messy, secretive system so ...more »

Commercial
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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 »

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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Developer of Maryland housing office in Prince George's has financial troubles
Washington PostJanuary 1, 2012

The charter of the Carl Williams Group, a development company founded in 2005 in Prince George's, was revoked by the State Department of Assessments and Taxation two years ago for failing to file a 2008 property tax return with the state. ...more »

Internal Investigative Services
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Conflict reemerges over investigative authority
The Korea HeraldJanuary 4, 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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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 »

International Transactions
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Obama DOJ Helping to Facilitate Expansion of Online Gambling
The New AmericanJanuary 3, 2012

Virginia Seitz, the Assistant Attorney General responsible for crafting the DOJ memorandum, explained that the Wire Act's prohibition of interstate communications in gambling endeavors applies only to sporting events or similar contests, meaning that ...more »

Communications & Media
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U.S. Attorney Joseph Hogsett vows to target white-collar crime, political ...
Evansville Courier & PressJanuary 2, 2012

A similar partnership, what Hogsett called a Violent Crime Initiative, was the priority for 20 of the office's 30 attorneys in 2011, and included the elevation of Assistant US Attorney Matt Brookman, who works in the Evansville office, to head of the ...more »

ALM Media Taps LexisNexis Martindale-Hubbell Peer Review Ratings Data to ...
MarketWatch (press release)January 3, 2012

... today announced a multi-year licensing agreement with ALM Media, enabling ALM to leverage data from the LexisNexis(R) Martindale-Hubbell(R) Peer Review Ratings(TM) service to publish special reports of top rated lawyers, law firms and women ...more »

Construction & Development
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BUSINESS NEWSMAKERS
Florida TodayJanuary 1, 2012

The plan celebrates the success of advisers who stay on track in the first four months in business. Lia Sophia is a direct selling opportunity offering fashion jewelry through in-home demonstrations. Three of Florida's Top 100 Lawyers Reside at the ...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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Study: Traffic cameras can be bad deals
Annapolis CapitalJanuary 1, 2012

He said that several counties and municipalities in Maryland have contracts with traffic camera companies that make money based on how many citations are issued. (Ely said that a creative legal interpretation allows this kind of contract, ...more »

Mergers, Acquisitions & Divestitures
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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 »

Corporate Finance & Taxation
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New Year Ushers in New Laws for NY
WNYCJanuary 1, 2012

By Ailsa Chang A couple of the most substantial new laws on the books for this year will mean personal income tax cuts for about 4.4 million people and tax relief for manufacturers. A 2 percent cap on property tax increases levied by school districts ...more »

Mortgages & Foreclosures
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Fed Governor Sarah Bloom Raskin Addresses Foreclosure Crisis and the Rule of Law
Mortgage Rates & Trends (blog)January 10, 2012

The rampant and blatant abuses committed in the processes of mortgage origination, securitization, and foreclosure have only started to be addressed in the past couple of years, and we still have seen a paucity of criminal investigations over what ...more »

Creditor's Rights
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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 »

Non-Profit Corporations
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State bar lifts ban on '.org' for attorney websites
Yuma SunJanuary 3, 2012

At the heart of the issue are two rules which govern the professional conduct of attorneys. One prohibits lawyers from making or permitting false statements about the attorney or his or her services. The other precludes use of a firm name, ...more »

Customs Disputes
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Tax evaders, smugglers getting more sophisticated
ABS CBN NewsJanuary 1, 2012

There are also more sophisticated forms of tax evasion, Sales said. One such scheme is the use of non-existent suppliers. Some businesses use smuggled raw materials for their supplies to save on costs. Sales said that when the BIR asks for receipts or ...more »

Professional Corporations
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Duane Morris Names Six Attorneys of Philadelphia Office to Partnership
Citybizlist (press release)January 3, 2012

Kosta provides counsel in government relations, as well as such litigation alternatives as settlement and mediation. She served as an intern in the US Attorney's Office for the Eastern District of Pennsylvania and as a judicial intern for Chief Justice ...more »

Debt Collection
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Essential Mesothelioma Legal Advice & Treatment Option Booklet Now Offered ...
San Francisco Chronicle (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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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 »

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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GOP rivals turn Romney's jobs record against him
The Associated PressJanuary 9, 2012

Romney's takeover-and-restructuring firm "apparently looted the companies, left people unemployed and walked off with millions of dollars," former House Speaker Newt Gingrich said on NBC's "Today" show. A group friendly to Gingrich is airing TV ads of ...more »

Directors' & Officers' Liability
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Article: First Year Administration Accomplishments Compared
NorthcentralPa.comJanuary 2, 2012

(Act 72) (Campaign promise)-- The Phosphate Ban Act is amended to extend the ban on phosphates in detergent from 1995 to 1998. (Act 78)-- A new law authorizes the transfer of $3 million to provide new funding for local Household Hazardous Waste...more »

State & Minicipal Bonds
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Florida's lien laws could hamper expansion
The News-PressJanuary 1, 2012

... feel confident buying property and building here?” he said. Hutchison said he feels he wasn't properly notified of the initial lien process and hasn't been provided expense documents as required by the law and hopes to head off the foreclosure process.more »

False Advertising
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Small cases are big business in California courtrooms
Los Angeles TimesJanuary 2, 2012

Lawyers often do better financially than their clients. Many other states apply stricter judicial standards. Last month, in a ruling that seemed to draw a line on frivolous actions, the US 9th Circuit Court of Appeals upheld the dismissal of a Los ...more »

Trade Associations
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Tax Relief and Health Care Acts Shape 2011 Returns
Journal of AccountancyJanuary 1, 2012

The Tax Relief Act increased the alternative minimum tax (AMT) exemption amounts for 2010 and 2011 (also known as the AMT patch). For 2011, the amounts are $48450 for unmarried individuals; $74450 for married individuals filing jointly; and $37225 for ...more »

Federal Contracts
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Defending Facebook in ownership claim
Washington PostJanuary 1, 2012

(Boland, Ceglia's attorney, is pushing back with fraud allegations of his own, saying Facebook lawyers are concealing evidence by withholding from the court content from several computers containing electronic communications by Zuckerberg. ...more »

Unfair Competition
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Cleveland Browns Year in Review: Handing out the Best of and Worst of Awards
Bleacher ReportJanuary 4, 2012

The defense, as a group, was the highlight of the season, so it seems unfair to negatively single out any component of it. The worst part is, when forced to make that distinction anyway, the guy who it lands on is not someone anyone would enjoy ...more »

Federal Grants
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Federal Home Loan Bank of Atlanta to Award $2.9 Million for Affordable Housing ...
MarketWatch (press release)January 5, 2012

ATLANTA, Jan 5, 2012 (GlobeNewswire via COMTEX) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it will award $2.9 million to assist in funding three affordable housing developments in South Carolina. The funding is part of ...more »

Venture Capital
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Bloggers: 'Bain bomb' is a dud
PoliticoJanuary 9, 2012

Romney has been taking fire from his fellow presidential candidates for his tenure at a venture capital firm. Earlier Monday, former House speaker Newt Gingrich claimed that Bain Capital under Romney “looted the companies, left people unemployed and ...more »

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