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.