Alphabet, Inc. (GOOG, GOOGL) stock news: Robbins LLP reminds investors…

Alphabet, Inc. (GOOG, GOOGL) stock news: Robbins LLP reminds investors…

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SAN DIEGO, May 01, 2023 (GLOBE NEWSWIRE) —

The class: Robbins LLP Reminds investors that a shareholder has filed a class action lawsuit on behalf of all individuals and entities holding Alphabet Inc. GOOD GOOGL))) securities between February 4, 2020 and January 23, 2022 for violations of the Securities Exchange Act of 1934. Alphabet Inc. is a multinational technology group holding company. It is the parent company of Google, a dominant player in the digital advertising space.

What now: Shareholders in a similar position may be eligible to participate in the class action lawsuit against Alphabet. Shareholders who wish to appear as lead plaintiffs in the class action must file their filings by May 15, 2023. A Lead Plaintiff is a representative party acting on behalf of other Class Plaintiffs in the conduct of the litigation. You do not have to be present at the case to be eligible for a recovery. Click for more information Here.

All representations are on a contingency fee basis. Shareholders pay no fees or costs.

What is it about in this case: Alphabet Inc. (GOOG, GOOGL) has not disclosed the impact of its anti-competitive behavior on its business prospects

According to the lawsuit, during the class action, the defendants failed to: (i) use Alphabet’s dominant position in digital advertising to disadvantage website publishers and advertisers who used competing advertising products; (ii) the foregoing conduct was anti-competitive in nature and likely to give rise to significant regulatory scrutiny; (iii) Alphabet’s revenues were unsustainable as a result of such anti-competitive conduct; and (iv) Alphabet’s conduct, once discovered, would adversely affect its reputation and expose it to increased risk of litigation and regulatory enforcement action.

On January 24, 2023, the US Department of Justice and eight states filed an antitrust lawsuit against Alphabet’s Google subsidiary, accusing Google of illegally…



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