Email a copy of "Eric Schmidt denies rumor of YouTube legal reserve" to a friend.
Speaking to more than 500 Internet industry insiders at the annual Web 2.0 Summit, Schmidt said an anonymous blog post asserting YouTube has reserved $500 million for legal claims, out of the $1.65 billion takeover price, was "not true."
Mark Cuban posted a claim from an anonymous blogger that he had inside information on the secret reserve...
