If you thought Google’s $90 million click fraud settlement was pathetic, wait until you see what Yahoo just got away with…
Under the terms of the settlement, granted preliminary approval by U.S. District Court Judge Christina Snyder in Los Angeles, Yahoo would pay roughly $5 million in legal fees and extend its period for reviewing advertiser click-fraud complaints to include disputed charges since January 2004. The Sunnyvale, Calif., Internet company normally reviews only those complaints related to disputed charges that occurred within the past 60 days.
Way to go Yahoo, $5 million in legal fees and you only have to extend the “reviewing period” back to January 2004. They don’t actually have to commit to refunding the disputed clicks, just to agree to review them. Have you ever dealt with Yahoo on fraudulent clicks? They don’t just say, “you’re right, here, have your money back.”
I’m sure their legal counsel will have a conference room named after him for this sweet deal.
Via WSJ (sub)