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

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Illinois implements new security laws for 2012
Examiner.comJanuary 1, 2012

Earlier this month, a Florida man posing as a Department of Homeland Security officer was arrested in a Chicago suburb after he tried to open an account at the US Bank on Ogden Ave in Lisle, Illinois using fake identification and a phony check for $3.5 ...more »

Office Rules Death a Homicide, Investigation Continues
OzarksFirst.comJanuary 1, 2012

(Greene County, MO) -- The Greene County Sheriff's Office is investigating the death of Weston T. North, 17, of Republic, as a homicide. A passerby found his body Saturday morning near Republic, in a ditch on the side of a Farm Road 178 off of Highway ...more »

Business Law News and Stories

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10 Social Media Law & Governance Resolutions for 2012
Business 2 CommunityJanuary 3, 2012

Bringing an independent audit into the mix is good idea to help keep monitoring of social business activities as accurate as possible. BONUS: Cleary Define Who Owns Company-Related Social Network Accounts. One of the legal hot potatoes of 2011, ...more »

Foreign Investments
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Weekly Roundup: Upbeat News to Start the New Year?
DowserJanuary 3, 2012

The country has seen a frustrated populace over the government's new plan to subsidize food in order to feed its poor, the government's inability to swiftly pass an anti-corruption bill, and a decline in foreign direct investment (FDI) causing worries ...more »

Antitrust Law, Domestic
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For Portland's dope king, love and mistrust
The Register-GuardJanuary 2, 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 »

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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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Gosper warns of illegal betting being potentially a worse assault to standards ...
The AustralianJanuary 2, 2012

"Law-enforcement authorities are far more concerned about illegal gambling issues than the drug issue." Gosper, chairman of the IOC press commission, was speaking after British Sports Minister Hugh Robertson warned that match-fixing could be the ...more »

Banking Law
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KBC Bank and ING Belgium waive the non respected credit covenants by Renogen ...
Reuters (press release)January 2, 2012

Brussels - 2 January 2012 - 8.50 CET - Regulated Information KBC Bank agreed to waive the possibly non respected credit covenants by Renogen over the year 2011. KBC Bank agreed that Renogen starts the redemption of the long term credit facility related ...more »

Government Construction Contracts
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‪Chinese Power Plant or Antigua's White Elephant‬
Caribarena AntiguaJanuary 3, 2012

In 2008-9, the World Bank urged the government of East Timor to “cancel the contract, absorb the penalty, and re-tender the project.” In 2010, the East Timor government cancelled its contract with the Chinese 22nd Construction Company, ...more »

Business Formation
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Top 10 local news stories of 2011
Traverse City Record EagleJanuary 1, 2012

Investigators determined Carly died from a series of stab wounds, but at trial Schwander's defense attorney attempted to blame those wounds on Michigan State Police who used a long steel device to probe for her body in the sand pile. ...more »

Institutional Investing
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Investors in Ponzi scheme sue Proskauer Rose, Chadbourne & Parke
Thomson Reuters News & InsightJanuary 3, 2012

Jan 3 (Reuters) (UPDATE 1) - A group of investor clients of Stanford Financial Group is suing law firms Proskauer Rose, Chadbourne & Parke and a partner who worked at both firms for millions the plaintiffs say they lost in a bogus investment scheme. ...more »

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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 »

The American Bar Association Thinks That It's Your Own Fault If You're Poor ...
Above the LawJanuary 5, 2012

Certainly not this one if he refuses to admit that year in and year out, law schools have been weaving pipe dreams of near 100% employment rates. Why does he think the law school transparency movement was started? Does he even know that it exists? ...more »

Commercial Bankruptcy
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Main St. under same scrutiny as Wall St.
Minneapolis Star TribuneJanuary 2, 2012

Now the changing legal landscape for corporate America is washing over closely held businesses, too. Many understandably place the blame on Wall Street for the law tightening its grip upon private business. Since the 1980s, when the legal landscape for ...more »

Internal Investigative Services
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Israel Police close internal probe into use of banned 'pretzel hold' method
HaaretzJanuary 3, 2012

By Revital Hovel Overriding criticism by a Hadera court, the police internal investigations unit has closed the file in a case where three policeman used a "pretzel hold" to detain a suspect. The case involves three Hadera policemen who detained a man ...more »

Commercial Leasing
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12 stories coming in 2012
Quad City TimesJanuary 1, 2012

Attorneys for the state agency said he exploited his position and asked the high court to temporarily suspend his law license. His license was suspended in October, pending an opportunity by a three-member hearing board to sort out the commission's ...more »

International Transactions
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Iran currency plummets: A sign US sanctions are taking hold?
Christian Science MonitorJanuary 2, 2012

The bulk of transactions for Iranian oil pass through the country's central bank. But by Monday the bank held an emergency meeting to deal with the tumbling rial, the Iranian Mehr news agency reported. The US and other Western powers are hoping that a ...more »

Communications & Media
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Facebook complicated for public officials
Sarasota Herald-TribuneJanuary 2, 2012

And what can be a typical exchange on a social media site, such as two commissioners posting about a topic that could come up for a vote at a public meeting later, could qualify as a violation of Forida's Government in the Sunshine law. ...more »

Recent developments in US patent law
PhysicsToday.orgJanuary 3, 2012

Perhaps most notable of all, the Leahy–Smith Act does much more than change the US to a first-to-file system; it is the latest step in an effort that began some 130 years ago to harmonize the patent laws of different nations. ...more »

Construction & Development
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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 »

Locating Funds
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BSO donates to proposed teen suicide hot line
Sun-SentinelJanuary 2, 2012

By Linda Trischitta, Sun Sentinel By the end of 2011, the Broward Sheriff's Office had made its second donation with law enforcement trust funds to support youth who are at risk. The $10000 gift is for a teen suicide prevention hotline to be run by ...more »

Contracts Involving State & Minicipality
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The Law Firms of Brown & Crouppen and Richard Schwartz & Associates Respond to ...
MarketWatch (press release)January 1, 2012

LOUIS, Jan 01, 2012 (BUSINESS WIRE) -- The US Food and Drug Administration and the Centers for Disease Control have announced the preliminary laboratory test results of baby formula involved in a recent case where a Cronobacter bacterial infection ...more »

Mortgages & Foreclosures
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Protesters Demand Obama to Investigate Role of Banks in Recession and Housing ...
Patch.comJanuary 20, 2012

Barnes said banks are responsible for the crisis and need to be held fully accountable. "There needs to be regulations in place, otherwise this could happen again," he said. To investigate what happened during the financial crisis. ...more »

Corporate Finance & Taxation
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What Is the Payroll Tax Reduction?
Wall Street JournalJanuary 1, 2012

Lawmakers approved in December a two-month extension of a reduced payroll-tax rate that was in effect for all of 2011. Nearly 160 million workers will benefit from this action, says the Internal Revenue Service. The new law "temporarily extends the ...more »

Non-Profit Corporations
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Petition seeks to deny Asheville public radio station license renewal
Asheville Citizen-TimesJanuary 1, 2012

“We're not trying to drive the station off the air, we're trying to have management that is responsible to the community it serves.” The station's broadcast license, held by its nonprofit owner, Western North Carolina Public Radio, would have been ...more »

Creditor's Rights
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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 »

Professional Corporations
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Palo Alto Attorney Douglas Y. Park Interviewed on Corporate Governance in 2011
San Francisco Chronicle (press release)January 6, 2012

Corporate law attorney Douglas Y. Park was interviewed by Agenda Week on the highs and lows of corporate governance in 2011. Douglas Y. Park, principal of DYP Advisors and a Silicon Valley corporate governance attorney, was recently interviewed by ...more »

Customs Disputes
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Oman traffic accident death rate rises
gulfnews.comJanuary 1, 2012

By Sunil K. Vaidya, Bureau Chief Muscat: Traffic accidents continues to be a big worry with almost a 25 per cent increase in deaths in Oman during 2011, according to Lt General Hassan Bin Mohsin Al Shraiqi, Inspector-General of Police and Customs. ...more »

Public Offerings
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2012 Legislature: Power, agenda in GOP's grip
Jackson Clarion LedgerJanuary 1, 2012

Last year, Gunn sponsored a bill dubbed the "Transparency in Private Attorney Contracts Act," which would have placed restrictions on the attorney general's ability to hire outside lawyers and would limit the amount outside firms could be paid. ...more »

Debt Collection
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Lawyers cautiously optimistic about hiring in Q1; Arent Fox adds health policy ...
Washington PostJanuary 1, 2012

Law firms continue to focus on hiring senior and partner-level lawyers with books of business and expertise in high-demand practice areas, said Robert Half Legal executive director Charles Volkert. He added that corporations also are hiring more legal ...more »

Reorganizations & Restructuring
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WOLF kicks off 2012 with corporate restructuring
Home Channel NewsJanuary 3, 2012

Tom Wolf, WOLF chairman and CEO said: “This reorganization enables us to distribute decision-making authority more broadly throughout the company. The new structure also provides clearer lines of accountability.” It was not immediately clear of the ...more »

Debt Settlement
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New PA Laws Tackle Liquor Code, Sex Offenders, Redistricting & Abortion
Patch.comJanuary 2, 2012

House Bill 715 – This bill amends the Local Tax Collection Law to change definitions and provide for vacancies in tax collectors' offices and agreements between municipalities and counties. House Bill 755 – This bill amends the County Code to increase ...more »

State & Minicipal Bonds
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New Connecticut Laws Go Into Effect for 2012
Patch.comJanuary 2, 2012

1, including ones that make changes in how DUI offenders are treated, increase the fines for drivers caught texting while behind the wheel, several health-related mandates and business-related laws aimed at creating jobs and trying to jump-start the ...more »

Directors' & Officers' Liability
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Wyoming concealed-carry law makes few ripples
Casper Star-Tribune OnlineJanuary 1, 2012

He said insurance companies have raised a liability issue that is persuading some businesses against posting the no firearms allowed signs. According to the Professional Insurance Agents of Wisconsin, a business owner is not liable under state law if ...more »

Trade Associations
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Wildlife smuggling trade nears $10b
ABC OnlineJanuary 2, 2012

ZOE DANIEL: Freeland is an anti-trafficking NGO working on increasing awareness and law enforcement capability to stop the illegal trade in wildlife. Programs officer Onkuri Majumdar says the market is driven by demand for animal parts for traditional ...more »

False Advertising
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IMPACT Annv Spl: How FM Phase III will impact advertisers
exchange4media.comJanuary 3, 2012

Advertisers will have the option of doing a pan-India campaign sans TV as post Phase III implementation almost 90 per cent of India would be covered by FM radio. This will give advertisers a very cost efficient and interactive media vehicle. ...more »

Unfair Competition
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Leagle.comJanuary 10, 2012

San Mateo alleges the same violation of § 1 of the Sherman Act that the direct purchasers alleged (Count I) 1 , but it also alleges violations of various state antitrust laws (Count II) 2 and state unfair competition or consumer protection laws (Count ...more »

Federal Contracts
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United States DoD contracts for December 29, 2011
defproJanuary 2, 2012

Dell Services Federal Government, Inc., Fairfax, Va., is being awarded a $9786225 modification to previously awarded contract (N00024-11-C-6297) for professional support services to Team Submarine in support of the Ohio and Trident submarine classes. ...more »

Venture Capital
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While 2011 cleantech investing grew, later stage dominated
GigaOmJanuary 5, 2012

5, 2012, 12:00pm PT No Comments Cleantech venture capital and corporate investing for the full 2011 year was up in terms of overall dollar amounts compared to 2010, according to the research firm The Cleantech Group, but large follow-on rounds for ...more »

Federal Grants
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Money runs out for federal grant program
The Keene SentinelJanuary 2, 2012

The Keene Sno-Riders snowmobile club planned to apply this month for a federal grant to rebuild three bridges along 54 miles of trail. the same program to pay for trail work on Mount Monadnock next spring. Those applications, along with several others ...more »


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