Daily Bafflements

• Today in Billionaires and also Today in Lesser-Known Koch News, from Reuters: “In a long-running campaign against fake vintage wine, billionaire oenophile William Koch has settled a lawsuit worth millions of dollars against New York wine retailer Acker, Merrall & Condit.” Koch alleges that “the retailer sold 216 bottles of counterfeit wine at auction in 2005 and 2006. The suit said Koch paid a total of $2,121,583.” He sought $4.2 million, plus damages; the terms from Tuesday’s settlement have not been disclosed. Says a Koch spokesman, “He does not like to be cheated.”