Google to Pay $500 Million Settlement Over Drug Ads

August 24, 2011 Updated Aug 24, 2011 at 4:40 PM EDT

...

Google to Pay $500 Million Settlement Over Drug Ads

August 24, 2011 Updated Aug 24, 2011 at 4:40 PM EDT

Providence, R.I. -- Online search engine Google Inc. has agreed to forfeit $500 million for allowing online Canadian pharmacies to place advertisements through its AdWords program targeting consumers in the United States, resulting in the unlawful importation of controlled and non-controlled prescription drugs into the United States, according to a news release from the U.S. Department of Justice on Wednesday.

The forfeiture, one of the largest ever in the United States, represents the gross revenue received by Google as a result of Canadian pharmacies advertising through Google’s AdWords program, plus gross revenue made by  Canadian pharmacies from their sales to U.S. consumers.

Read the entire Department of Justice news release here.