Law

BA, American to Give Up Trans-Atlantic Slots in EU Antitrust Settlement British Airways Plc, AMR Corp.’s American Airlines and Iberia Lineas Aereas de Espana SA offered to give up takeoff and landing slots in the U.S and U.K. to win approval for their proposed trans-Atlantic alliance, the European Commission said today.

Buyout Funds Can't Spend $503 Billion as Venture Capital Deja Vu Threatens Buyout funds sitting on half a trillion dollars committed by investors may need more than a decade to put the money to work if deals continue at the current pace.

Google, Facebook Sued Over Patent for Mobile Social-Networking Software Google Inc., owner of the most-used Internet search engine, and Facebook Inc. were sued by a New York company over an invention related to software that lets people join social networks on their mobile phones.

U.K. Ponzi Schemer Who Held Soccer-Betting Spectacles Convicted, SFO Says A British man convicted of a 34 million-pound ($51 million) Ponzi scheme held “lively spectacles” and spent investors’ cash on cars, “exotic” animals and a Koi fish breeding pool, prosecutors said.

Jury Verdict in Smith & Nephew, Kinectic Concepts Case to Be Read Today A federal jury verdict is scheduled to be announced today in the patent infringement case brought by Kinetic Concepts Inc. against Smith & Nephew Plc.

J&J Pushed Drug's Sale to Elderly After U.S. Warned of False Safety Claims Johnson & Johnson made plans to reach $302 million in geriatric sales for its antipsychotic Risperdal just months after federal regulators said the company falsely claimed the drug was safe and effective with the elderly, according to internal documents.

Bloomberg Law