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Google Sets Aside Lawsuit Money In YouTube Deal

Law360 (November 15, 2006, 12:00 AM EST) -- No stranger to legal wrangling over copyrights, Google Inc. has preemptively set aside more than $200 million for expenses related to the frequent allegations of copyright violations against its newest acquisition, YouTube Inc.

On Monday, the world’s largest search engine disclosed that it has withheld 12.5% of the stock owed to YouTube for one year “to secure certain indemnification obligations.”

Should YouTube run into any legal troubles or incur losses in the next year, its owners may miss out on a substantial portion of Google’s $1.65...
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