Google Sets Aside $500M For DOJ Ad Services Probe

Law360, Washington (May 11, 2011, 4:41 PM EDT) -- Google Inc. said Tuesday that it has set aside $500 million to take care of a government investigation into its online advertising practices, slashing its net income for the first quarter of 2011 from $2.3 billion to $1.8 billion.

In May 2011, in connection with a potential resolution of a U.S. Department of Justice investigation into the use of Google advertising by “certain advertisers,” the company accrued $500 million for the three-month period ended March 31, Google said in a U.S. Securities and Exchange Commission 10-Q...
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