Law

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.

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.

Dish and EchoStar Seek Approval for TiVo Patent 'Design-Around' for DVRs Dish Network Corp. and EchoStar Corp., which lost an appeals court ruling last week that their digital-recording service infringes a TiVo Inc. patent, have a revised plan to design around the invention.

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