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Google settles shareholder suit

Investors claimed stock split would have unfairly benefitted company founders

On the brink of trial, Google Inc. settled a suit with its shareholders.

First, some background. Under Google’s existing stock structure, Class A common shares carry one vote, and Class B shares carry 10 votes. Founders Larry Page and Sergey Brin hold Class B shares amounting to more than 56 percent of the company’s voting rights.

Ashley Post

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