Nasty |
08-07-2004 12:24 AM |
Google May Have Illegally Issued Stock
SAN FRANCISCO (AP) -- Google Inc. (GOOG) may have illegally issued more than 23 million shares of its stock to hundreds of employees and consultants, injecting an unexpected legal risk into the online search engine leader's highly anticipated IPO.
The Mountain View-based company disclosed the possible violations Wednesday in a prospectus offering to buy back the affected shares and outstanding stock options for a total of $25.9 million, including interest payments.
http://services.entireweb.com/cgi-bi...6/go.cgi?dl=22
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