Criticism of its recent stock split plan has evolved into a court case against Google. A shareholder filed a class action lawsuit in an attempt to block the plan on the grounds that it gives Google co-founders Larry Page and Sergey Brin too much power, according to Reuters.
Brockton Retirement Board brought the suit, alleging that Page and Brin "wish to retain this power, while selling off large amounts of their stockholdings, and reaping billions of dollars in proceeds." Brockton filed the complaint in Delaware, where Google is incorporated.
Google announced its first stock split -- or, if … Read more