Today’s Buzz: LIBOR, Gibson Guitar, Burma, Jose Canseco, More

What we learned in law today:

The criminal enforcement action agreed to by Gibson Guitar for its Lacey Act violations is music to the ears of an FCPA lawyer (Thomas Fox) 

The London Interbank Offered Rate (LIBOR) is the provides the basis for more than $350 trillion of financial products ranging from corporate loans to credit cards, mortgages and savings accounts (McDermott Will & Emery) 

U.S. Immigration and Customs Enforcement has fined companies more than $10 million over the past four years for illegal and improper immigration practices – including sloppy paperwork (Warner Norcross & Judd) 

Investing in Burma (Myanmar) offers significant opportunities for Western companies, but it isn’t for the faint-hearted (Foley Hoag LLP) 

Taxpayers who still haven’t disclosed their foreign accounts to the IRS might be able to avoid criminal prosecution if they come clean now (Duane Morris LLP) 

The NLRB wants to teach more workers about protected concerted activity (Poyner Spruill LLP) 

The first real-money gambling app has arrived on Facebook (but it’s not open to players in the US) (Pillsbury) 

Baseball’s 1998 MVP filed for bankruptcy listing debts of more than $1.7 million and  assets of $21,000 (Lawyers.com) 

Cheerleading is not a sport – in the Second Circuit, anyway (Kronick, Moskovitz, Tiedemann & Girard)

Europeans are entitled to extra leave if they get sick while on vacation (Bryan Cave) 

An Olympic gold medal is worth $650 (for tax purposes, anyway) (Davis, Brown, Koehn, Shors & Roberts, P.C.) 

The FBI just changed its rules to allow any copyright owner to use its anti-piracy warning seal (Morgan Lewis)

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