Google To Pay $500M To End Canadian Drug Ad Probe

Law360, New York (August 24, 2011, 1:07 PM EDT) -- The U.S. Department of Justice on Wednesday unveiled a $500 million settlement with Google Inc. in an investigation into Canadian pharmacies that illegally import prescription drugs and target U.S. customers through the Internet giant's AdWords marketing program.

The payment represents a forfeiture by Google of the gross revenue it received from online Canadian pharmacies that used its AdWords program, in addition to revenue Canadian pharmacies made from sales to U.S. consumers, the DOJ said.

"The Department of Justice will continue to hold accountable companies who in...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.