Google Settles UK "Defamation" Suit, Agreeing To Remove Malicious Links by Greg Sterling sums up the actual settlement pretty well but for those who read this site, I bet you'll find it ironic that during a live BBC TV news report, the bus drove by outfitted in Penguin gear.
I am not joking, here is the animated GIF:
Here is the raw video:
The case itself is pretty significant being that Google never enjoys removing results from their search listings by hand. So this is a very significant case.
Chris Silver Smith said on Twitter he was suppose to be an expert witness and give testimony on it, but it just settled.
I wonder if he was responsible for the Penguin drive by. ;-p
Forum discussion at Twitter.