Just got word from Google that the settlement in the class action lawsuit over click fraud has been approved. I'm dashing out, so this is just a short post to give you a heads-up. So far, I haven't seen any news stories on it. Settlement is here (PDF file), the $30 million in attorney fees is approved, apparently around 500 companies choosing to opt-out. I'll postscript more tomorrow or do a fresh post when stories appear. Google statement:
We're pleased Judge Griffin has affirmed the settlement as appropriate and fair to advertisers. We look forward to continuing to manage invalid clicks effectively and provide our advertisers with an outstanding return on their investment. --Nicole Wong, Associate General Counsel, Google
Postscript: Short AP story here, MarketWatch here, Official Google Blog post here.
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