Law

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.

Connecticut Says It Will Sue Moody's, S&P Over Subprime Rating Allegations Connecticut Attorney General Richard Blumenthal said he will sue Moody’s Corp. and Standard & Poor’s over allegations tied to credit ratings for subprime loans, according to an e-mailed statement today.

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.

Boris Berezovsky Wins U.K. Libel Lawsuit Over Russian Spy Murder Report Russian billionaire Boris Berezovsky won a U.K. libel lawsuit against a television station for an interview it aired linking him to the 2006 murder of a former spy.

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.

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 mergers and acquisitions continue at the current pace.

Bloomberg Law