Advertisement |
Google Wins Arbitration Hearing with dMarc Holders
RADIO ONLINE | , , | :am CT |
![]() ![]() ![]() ![]() ![]() ![]() |
A three-judge panel has ruled against dMarc shareholders on claims that when Google bought dMarc in January, 2006, it failed to act in good faith. They were seeking damages upwards of $720 million.
The panel ruled that the suing shareholders "failed to show that Google breached the agreement" after it acquired dMarc division in 2006 for $100 million and then re-launched it as the "AudioAds Operating Group."
The judges also rules that even if there had been a breach of contract, the shareholders did not demonstrate that "they suffered any harm causally-related to Google's conduct."
The search engine shut down Audio Ads earlier this year, after falling short on business from radio stations when it was combined with Google's ad units.
Advertisement |
Latest Radio Stories
iHeartMedia Chicago Names Kashon Powell VP of Programming
|
Andrews Returns to Audacy Wisconsin as BM/Afternoons
|
Commuting on the Rise in 2025, Boosting Radio's Reach
|
Advertisement |
FCC Removes Nearly 3,000 Words of Rules in DDD Initiative
|
Soros Fund, Del Nin Seek Dismissal of Warshaw Lawsuit
|
Covino & Rich to Air Live from 2025 MLB All-Star Game
|