A lawsuit that was originally filed in Santa Clara in 2005 which claimed Google overcharged search marketers by charging over their daily spend limit was settled for about $20 million as reported by MediaPost.
The two plaintiffs in the case, printing company CLRB Hanson Industries of Minnesota and Howard Stern of New Jersey (not the shock jock) will receive $20,000 each. The class action suit is based on the claim that Google charged 120% of the daily budgeted amount on AdWords campaigns.
U.S. District Court Judge James Ware in San Jose had earlier ruled that only search marketers who advertised for fewer than 30 days could proceed with the lawsuit.
Google had argued in court papers that it sometimes charged up to 120% of marketers’ budgets, but only to make up for days when it under-delivered ads.