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Full Version: Google denies setting aside a $500 million fund to cover expected YouTube suits
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Quote:Google reportedly is setting aside a $500 million slush fund to cover copyright infringement claims likely to arise in connection with its YouTube.com acquisition. Google CEO Eric Schmidt denied the rumor at the Web 2.0 Summit...

The company might want to reconsider that position. As it proceeds with its takeover of the wildly popular Web site that allows anyone to post videos about anything, Google is opening itself up to a new level of legal exposure.

It acknowledged as much in its quarterly filing with the Securities and Exchange Commission...

full article: http://ecommercetimes.com/story/7Ydu1IyT...Tube.xhtml