Google Settles CLICK FRAUD CLASS ACTION Suit

[! search-engines-web]

http://googleblog.blogspot.com/2006/...-v-google.html

You may remember that last February, Google was sued in Arkansas over what is commonly called click fraud. We’re very near a resolution in that case, so we thought we’d offer an update.

We’ve been discussing the case with the plaintiffs for some time and have recently come to an agreement with them which we believe is a good outcome for everyone involved. As a result, Google and the plaintiffs are going to ask the judge to approve the settlement, which would resolve the case.

Until the settlement is approved by the judge, it is not final. And the details are confidential, but will become public when it is formally filed for the judge’s consideration. However, we can share the major pieces of our proposed agreement.

[rustybrick]

$90M to be refunded to adwords customers, $90M!

[dazzlindonna]

That oughta make the stock price go down a bit, eh?

[gabs]

$90 million - the $89.999million legal fees..

[wasabinut]

$90 million is a small portion of the click fraud that actualy occurs....
I once came accross an article that put click fraud at a overall value of $500 million and growing.... so if these numbers are true $90 million was a good deal for google, one which won't affect their share price.

[jozzua]

It does make one wonder how they still get away with it.

[jsilver608]

Click fraud is in google's best interest. I see no reason for them to actually stop it, unless it is somehow hurting their bottom line.