dMarc Loses Ruling Brought Against Google
September 15, 2009 at 5:03 AM (PT)
dMARC shareholders have lost a ruling by a three-judge panel on their claims that when GOOGLE bought dMARC in JANUARY, 2006, it "failed to show that GOOGLE breached the agreement."
The shareholders were seeking damages between $450 and $720 million from GOOGLE, which bought.the dMARC division in 2006 for $100 million. GOOGLE re-launched it as the "AUDIOADS Operating Group," but shut down the division earlier this year, unhappy with its progress after merging it with GOOGLE's Ad Unit..
In this suit, the panel of judges also ruled that had there been a breach of contract, the shareholders did not demonstrate that "they suffered any harm causally-related to GOOGLE's conduct."