Google May Have Given Out Unregistered Shares
from the another-day,-another-lawsuit dept
Can a single day go by these days without another story about Google getting sued about something? The latest is that the company is admitting they screwed up in giving out millions of shares. They didn't register the shares, and may have broken securities laws in doing so. They're now trying to correct the matter by buying back the non-registered shares, but admit that some people may end up suing them anyway. Plus, it's possible that they may get in trouble with government officials who usually don't look to kindly on securities fraud.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
Reader Comments
Subscribe: RSS
View by: Time | Thread
Shares way too high
It sure turned me off.
I don't want to pay $89 broker fee just to buy 5 shares....!!!
[ link to this | view in thread ]
Wasn't this already disclosed in the original s1?
[ link to this | view in thread ]
Google sucks...
The google stock offering is highly radioactive. Anyone who buys in at anywhere near the asking price deservers their third degree burns.
[ link to this | view in thread ]
You're missing the real story, Mike
[ link to this | view in thread ]