. Google earlier this month reported its earnings for the first quarter of 2012, topping Wall Street's estimates. The Internet giant also announced plans to create a new class of non-voting capital stock that would effectively create a 2-for-1 stock split. As a result, Google would be able to issue new shares of stock for acquisitions and employee compensation without diluting the 56.3% voting stake the company's co-founders Larry Page and Sergey Brin control. Not everyone is happy about the planned split, however, and a shareholder has sued the company and its board in an attempt to block the plan.
Boy Genius Report, Shareholder sues Google to block planned stock split
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