Google Sr VP And Chief Legal Counsel Coughs up $700,000 To Settle SEC Complaint!

Jul 23, 2007 | 1,361 views | by Navneet Kaushal
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San Francisco Chronicle reports that David Drummond a Google Sr VP And Chief Legal Counsel paid the SEC $700,000 as a fine to the latter accusing him of misstating financial details.

“The settlement with the Securities and Exchange Commission, announced Thursday, stems from his role as chief financial officer for SmartForce, a software company that overstated its revenue by $113.6 million and profit by $127 million, during a 3 1/2 year period ending in mid-2002.

Google said that Drummond, who serves as a senior vice president of corporate development and chief legal counsel, will remain with the company. As part of the deal, he admitted no guilt”.

Before joining Google, Drummond was employed at SmartForce which has now merged into Skillsoft PLC.

4.thumbnail Google Sr VP And Chief Legal Counsel Coughs up $700,000 To Settle SEC Complaint!

Navneet Kaushal

Navneet Kaushal is the founder and CEO of PageTraffic, an SEO Agency in India with offices in Chicago, Mumbai and London. A leading search strategist, Navneet helps clients maintain an edge in search engines and the online media. Navneet's expertise has established PageTraffic as one of the most awarded and successful search marketing agencies.
4.thumbnail Google Sr VP And Chief Legal Counsel Coughs up $700,000 To Settle SEC Complaint!
4.thumbnail Google Sr VP And Chief Legal Counsel Coughs up $700,000 To Settle SEC Complaint!