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Nasty · 08-07-2004, 12:24 AM

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.

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08-07-2004, 12:24 AM
Nasty Confirmed User Industry Role: Join Date: Aug 2002 Location: Sunny Fucking California Posts: 1,575	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 __________________ “Ours is a world of nuclear giants and ethical infants. We know more about war than we know about peace, more about killing than we know about living. If we continue to develop our technology without wisdom or prudence, our servant may prove to be our executioner.” ― Omar Bradley (1948) Last edited by Nasty; 08-07-2004 at 12:25 AM..