Google Sued For Copyright Infringement
November 9, 2006 at 5:58 AM (PT)
GOOGLE's online video service has been sued for copyright infringement, providing a possible preview of the legal trouble that may plague the Internet search leader after it takes over YOUTUBE.
Without providing details, GOOGLE disclosed the video copyright lawsuit in a quarterly filing with the Securities and Exchange Commission. A GOOGLE spokesman didn't have any further information about the suit late WEDNESDAY afternoon.
A widely circulated theory posted on the Internet speculated that GOOGLE had set aside $500 million of the YOUTUBE purchase price to pay copyright settlements. GOOGLE CEO ERIC SCHMIDT dismissed that theory as untrue, adding, "YOUTUBE had been on this path, and together we will get there more quickly."