Did Google Issue Illegal Shares?
By Jeremy Muncy
Staff Writer
Article Date: 2004-08-05

Google, search engine giant, may have distributed over 22 million shares of its stock to several hundred employees and consultants, causing an unexpected legal risk into their IPO (initial public offering).

The California based company offered to buy the affected shares back and outstanding stock options for a total of $25.9million, including interest payments, according to washingtonpost.com.

One question that still arises, will this decision satisfy everyone affected by Google's blunders that occurred from September 2001 through June 2004?

You can currently register for the upcoming auction of 24.6 million IPO shares at http://www.ipo.google.com.
About the Author:
Jeremy Muncy is a staff writer for WebProNews.com

Did Google Issue Illegal Shares