Google investors sue Page, Schmidt over $500M settlement with DOJ

'Scope of wrongdoing astonishing,' alleges lawsuit filed over payment for aiding imports of prescription drugs

By , Computerworld |  IT Management, Eric Schmidt, Google

The lawsuits demanded that the directors and executives make good the $500 million, and be required to pay damages to be decided by a jury to "punish defendants and to make an example of defendants."

Besides Page, Brin and Schmidt, the lawsuits also named current board members John Doerr, of venture capital firm Kleiner Perkins Caufield & Byers; John Hennessy, the president of Stanford University; Paul Otellini, the CEO of Intel ; Shirley Tilghman, president of Princeton University; and others.

Gregg Keizer covers Microsoft, security issues, Apple, Web browsers and general technology breaking news for Computerworld. Follow Gregg on Twitter at @gkeizer or subscribe to Gregg's RSS feed . His e-mail address is gkeizer@computerworld.com .

Read more about it leadership in Computerworld's IT Leadership Topic Center.


Originally published on Computerworld |  Click here to read the original story.
Join us:
Facebook

Twitter

Pinterest

Tumblr

LinkedIn

Google+

Answers - Powered by ITworld

ITworld Answers helps you solve problems and share expertise. Ask a question or take a crack at answering the new questions below.

Join us:
Facebook

Twitter

Pinterest

Tumblr

LinkedIn

Google+

Ask a Question