When Google settled with the U.S. Department of Justice for $500 million over accusations that it allowed Canadian pharmaceutical companies to illegally place ads on its network, it may have thought its troubles with this issue were over. It was wrong.
A shareholder has filed suit against the company, alleging Google breached its fiduciary duty by facilitating illegal imports of prescription drugs. It also maintains that Google filed false annual reports from 2003 to 2009 by not disclosing the revenue from this improper advertising.
Loading ...
Steamed Shareholder Sues Google Over Drug Ads Debacle
Posted by: Erika Morphy August 30, 2011 02:46 PMWhen Google settled with the U.S. Department of Justice for $500 million over accusations that it allowed Canadian pharmaceutical companies to illegally place ads on its network, it may have thought its troubles with this issue were over. It was wrong.
A shareholder has filed suit against the company, alleging Google breached its fiduciary duty by facilitating illegal imports of prescription drugs. It also maintains that Google filed false annual reports from 2003 to 2009 by not disclosing the revenue from this improper advertising.