Google Dodges Suit Over $500M Drug Ad Settlement, For Now

Law360, New York (August 13, 2012, 1:20 PM EDT) -- A California federal judge has put the kibosh for the time being on a shareholder derivative suit alleging Google Inc.'s executives cost the company $500 million due to criminal charges over advertising Canadian prescription drugs, ruling the shareholder didn't make a proper demand before suing.

U.S. District Judge Phyllis J. Hamilton chastised shareholder Judy Wang for earlier ignoring Google's request that she prove her stock ownership after she demanded that the search giant look into her claims before she filed suit. Wang asserted that Google had...
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