Del. Judge Stays Google Drug Ad Suit In Favor Of Calif. Case

Law360, Wilmington (January 29, 2013, 8:16 PM EST) -- A Delaware Chancery judge stayed a derivative suit Tuesday that alleged Google Inc.'s directors failed to curtail illegal sales of prescription drugs on its advertising platform, finding the complaint, while well-researched, had no claim to precedence over an older suit proceeding in California federal court.

Chancellor Leo E. Strine Jr. commended the Dekalb County Pension Fund for utilizing Section 220 of the Delaware General Corporation Law to examine Google's internal records before filing its complaint, but said the shareholder's search had uncovered little that was new....
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