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Google Inc. and the Internet search engine company's General Counsel settled U.S. Securities and Exchange Commission charges that it failed to register over $80 million in employee stock options granted prior to its initial public offering last August, the SEC and Google said on Thursday.
The SEC said that Google and its General Counsel David Drummond agreed to cease and desist from further registration and financial disclosure violations. Neither the company nor Drummond admitted nor denied the charges, as is customary in such settlements.