Yahoo Inc. will consider refunding money to thousands of advertisers dating back to January 2004 and pay $4.95 million in attorney fees to settle a class-action lawsuit alleging the Internet powerhouse has been profiting from bogus sales referrals generated through a sham known as "click fraud."
The pertinent bit-
The agreement, given preliminary approval Wednesday by U.S. District Judge Christina Snyder in Los Angeles, doesn't limit Yahoo's liability -- one of several contrasts to a settlement reached in March by online search engine leader Google Inc. to resolve a class-action lawsuit over the same issue.
Msg#: 2920 posted 11:33 pm on Jun 29, 2006 (gmt 0)
Y'know ... reading the materials on this settlement doesn't look too good for advertisers.
Basically, Yahoo has agreed to pay the lawyers' fees of around $4.6 million dollars and they agree to extend their click fraud review period ... and that's about it. There's no $90M settlement figure like there was in the Google case, or ANY settlement figure to speak of.
rise2it ... I don't know if you're gonna get that $0.75.
I think Google should have gotten Yahoo's lawyers ...