Google Inc. is poised to make voluntary concessions that will end a 20-month U.S. antitrust probe of its business practices without any enforcement action, two people familiar with the matter said.
Google, which has been under investigation by the Federal Trade Commission, is preparing a letter promising not to copy content from rival websites without permission and to allow advertisers to compare Google’s ad-campaign data with performance on other Internet search engines, one of the people said Dec. 16. That will close the investigation without a lawsuit or settlement, said the people, who asked not to be identified because the matter isn’t public.
Borrowers who are current on their mortgage payments and who owe at least 25 percent more than the value of their properties would be eligible for the program.
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Michael Grimes, the bank’s global co-head of technology investment banking who helped lead the IPO, and a spokesman for Secretary of the Commonwealth William Galvin’s office, didn’t respond to messages seeking comment on the unidentified banker described in the complaint. Mary Claire Delaney, a spokeswoman for Morgan Stanley, declined to say whether Grimes is the banker.
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