Google and its directors were accused in a shareholder lawsuit of breaching 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 in federal court in San Jose, California, by a Pennsylvania woman who owns Google shares.
- Read the article: Bloomberg
