[Reuters] Google settlement clears way for new Class C stock

Posted by: UGN Security

[Reuters] Google settlement clears way for new Class C stock - 06/17/13 10:44 AM

(Reuters) - Google Inc has settled a shareholder class action lawsuit that clears the way for the company to issue a new class of nonvoting stock, giving the company a currency for acquisitions that would not dilute the founders' control.