Google to spend $500 million revamping compliance in shareholder settlement

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ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/google” target=”_blank”>Google agreed to spend $500 million over 10 years to overhaul its compliance structure, to settle shareholder litigation accusing the search engine company of ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/antitrust-violations” target=”_blank”>antitrust violations, settlement papers show.

The preliminary settlement of so-called derivative litigation against officials at Google parent Alphabet , including Chief Executive data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/panache/panache-people-101/sundar-pichai/profileshow/79665140.cms”>Sundar Pichai and Google co-founders Sergey Brin and Larry Page, was filed late on Friday.

It requires approval by U.S. District Judge Rita Lin in San Francisco.

The changes include creating a standalone board committee…



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Google to spend $500 million revamping compliance in shareholder settlement


ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/google” target=”_blank”>Google agreed to spend $500 million over 10 years to overhaul its compliance structure, to settle shareholder litigation accusing the search engine company of ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/antitrust-violations” target=”_blank”>antitrust violations, settlement papers show.

The preliminary settlement of so-called derivative litigation against officials at Google parent Alphabet , including Chief Executive data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/panache/panache-people-101/sundar-pichai/profileshow/79665140.cms”>Sundar Pichai and Google co-founders Sergey Brin and Larry Page, was filed late on Friday.

It requires approval by U.S. District Judge Rita Lin in San Francisco.

The changes include creating a standalone board committee…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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