Google Sued by Investor Over ‘Illegal’ Imported Drug Ad Sales
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Google Inc. and its directors were sued by a shareholder who claims they breached their fiduciary duty by facilitating illegal imports of prescription drugs, leading to a $500 million settlement with the U.S. government.
Chief Executive Officer Larry Page and the company’s board knew or should have known it was illegal for pharmacies outside the U.S. to ship prescription drugs into the country, according to a complaint filed yesterday in federal court in San Jose, California, by a Pennsylvania woman who owns Google shares. The so-called derivative lawsuit was filed on behalf of the company and its investors.