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Friday, 13 May 2011 - Google nears settlement over drugstore ads: WSJ |
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    Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Actress Marlee Matlin hit with tax bill, sells home 12 May 2011 Special report: The bin Laden kill plan | 12 May 2011 Special report: The bin Laden kill plan | 12 May 2011 Cisco braces for biggest layoffs in its history 12 May 2011 German court convicts then frees Nazi guard Demjanjuk | 12 May 2011 Discussed 148 Obama at U.S. base to pay tribute to bin Laden mission 115 Son says bin Laden sea burial demeans family: report 59 Muslim scholars pulled from Delta plane in Memphis Watched Russia 'shot down Georgia' drone Mon, Apr 21 2008 Progress made on debt ceiling: WH 3:23am EDT Deadly earthquake rocks Spain Wed, May 11 2011 Google nears settlement over drugstore ads: WSJ Tweet Share this SAN FRANCISCO (Reuters) - Google Inc is close to settling a U.S. criminal probe into allegations that it made hundreds of millions of dollars from online pharmacy ads that break U.S. laws, the Wall Street Journal reported, citing people familiar with... Email Print Related News Microsoft antitrust decree ends, Google eyed Thu, May 12 2011 Takeda seeks global reach with $12 billion Nycomed bid Thu, May 12 2011 Banks and states meeting on foreclosure probe Wed, May 11 2011 Microsoft to buy Skype for pricey $8.5 billion Tue, May 10 2011 Google launches music service without labels Tue, May 10 2011 Analysis & Opinion Tech wrap: Facebook smear campaign blows up Google raises Internet appliances from the dead Related Topics Technology Home » Media » Stocks     SAN FRANCISCO | Thu May 12, 2011 7:01pm EDT SAN FRANCISCO (Reuters) - Google Inc is close to settling a U.S. criminal probe into allegations that it made hundreds of millions of dollars from online pharmacy ads that break U.S. laws, the Wall Street Journal reported, citing people familiar with the matter. Earlier this week the Internet search giant said it had set aside $500 million to potentially settle a U.S. Department of Justice investigation into its online advertising practices. The charge reduced the company's first-quarter net income to $1.8 billion, or $5.51 per share, Google said. The investigation, conducted with the U.S. Food and Drug Administration, examined whether Google knowingly accepted ads from online pharmacies and turned a blind-eye to their alleged illicit activities, the Journal reported on Thursday. It's unclear whether those online drugstores were alleged to have sold counterfeit or expired drugs, whether they didn't require a valid doctor's prescription, or both, the paper said. Google made changes last year to its online pharmacy ad policies after the FDA began the investigation, the paper reported. A Google representative declined to discuss the matter, and the Justice Department did not immediately respond to requests for comment. the Justice Department has been active in the health care sphere in recent years. Pfizer Inc was slapped in 2009 with a $2.3 billion in fines for illegally marketing a discontinued pain killer and two epilepsy drugs for ailments that they are not approved to treat. Also in 2009, Eli Lilly & Co agreed to pay $1.42 billion to settle a case over the off-label marketing of its antipsychotic drug Zyprexa, one of its top sellers. (Reporting by Dan Levine and Diane Bartz; Editing by Ted Kerr) Technology Home Media Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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