Google goes back to the drawing board

As reported in yesterday's New York Times, the NY Court of Appeals for the Second Circuit has rejected the Google Books settlement.

[C]iting copyright, antitrust and other concerns, Judge Denny Chin said that the settlement went too far. He said it would have granted Google a “de facto monopoly” and the right to profit from books without the permission of copyright owners.

Judge Chin acknowledged that “the creation of a universal digital library would benefit many,” but said that the proposed agreement was “not fair, adequate and reasonable.” He left open the possibility that a substantially revised agreement could pass legal muster.

Another chapter begins.