Google Seeks To Ax Investor Suit Over $500M Drug Ads Deal

Law360, San Francisco (July 3, 2013, 5:10 PM EDT) -- Google Inc. urged a California federal judge on Wednesday to toss a shareholder suit over its $500 million settlement of criminal charges for advertising Canadian prescription drugs, arguing that the plaintiffs' efforts fall short in showing Chairman Eric Schmidt knew about the activity.

Google argued that the shareholder's latest complaint — which was amended last June after U.S. District Court Judge Phyllis Hamilton dismissed it — is weaker because it no longer makes allegations against the search giant's outside directors, instead putting all its attention on Schmidt...
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