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Tuesday, September 15, 2009

Google wins in arbitration hearing with dMarc shareholders

The three-judge panel took live testimony from a 12 witnesses and looked over thousands of pages of evidence, eventually ruling against the dMarc shareholders on all claims. The shareholders – employees of the remnant-airtime specialist – alleged that after Google bought dMarc in January 2006, it failed to act in good faith. They sought damages of between $475 million and $720 million. The panel found that “claimants failed to show that Google breached the agreement” after it made the dMarc division the “AudioAds Operating Group.” And that even if there had been a breach, the claimants “have not demonstrated that they suffered any harm causally-related to Google’s conduct.” Google paid just over $100 million for dMarc in 2006. It shut down the business this Summer, after failing to generate the kind of business from radio stations that it aimed for.

Tags: Google, dMarc

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