Google Hit With Investor Suit Over Illegal Drug Ads

Law360, New York (August 30, 2011, 10:03 PM EDT) -- A Google Inc. investor on Monday sued the company and its directors — including CEO Larry Page — alleging they breached their fiduciary duty by facilitating illegal imports of prescription drugs through the advertising program AdWords, leading to a $500 million settlement with the U.S. government.

Shareholder Patricia McKenna filed the suit in California federal court on behalf of the company, claiming the officers had issued misleading and incomplete financial statements between 2003 and 2009 that did not include revenue from the improper advertising, Bloomberg reported....
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Case Information

Case Title

McKenna v. Page et al


Case Number

5:11-cv-04248

Court

California Northern

Nature of Suit

Stockholders Suits

Judge

Howard R. Lloyd

Date Filed

August 29, 2011

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Companies

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