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Wednesday, August 24, 2011

TECH NEWS: Google settles pharmacy ad probe for $500 million!!

For LEED Consultancy / IGBC Certifications, Green Building Design, Green Homes, Green Factory Buildings, Green SEZs, Green Townships & Energy Audits - / Associated Press / August 24, 2011.

Google Inc. has agreed to pay $500 million to settle a federal investigation into the Internet search leader's distribution of online ads from Canadian pharmacies that were illegally selling prescription and non-prescription drugs to American consumers.

U.S. Attorney Peter Neronha (nuh-ROH'-nuh) in Rhode Island disclosed the agreement on Wednesday. The settlement means Google will not face criminal prosecution for accusations it improperly profited from ads promoting Canadian pharmacies that illegally imported drugs into the United States.

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