Alphabet Inc

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Case Summary
Company Name: Alphabet Inc
Stock Symbol : NASDAQ: GOOG
Class Period Start: 04/23/2018
Class Period End: 10/07/2018
Lead Plaintiff motion: 12/10/2018
Date Filed: 10/11/2018
Type of Case: Securities Class Action
Court: U.S. District Court for Northern District of California
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the December 10, 2018 lead plaintiff deadline in a class action lawsuit filed against Alphabet Inc (NASDAQ: GOOG) (“Alphabet” or “the Company”). The suit is pending in the U.S. District Court for Northern District of California and investors, who purchased Alphabet Inc securities between April 23, 2018 and October 7, 2018, have until December 10, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Alphabet Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Google exposed the private data of hundreds of thousands of Google+ social network users; Google actively concealed this data breach for several months; this conduct violated Google’s purported data privacy and security policies; discovery of the foregoing conduct could foreseeably subject Alphabet to heightened regulatory scrutiny; and as a result, Alphabet’s public statements were materially false and misleading at all relevant times.

On October 8, 2018, a report by the Wall Street Journal revealed that in March 2018, Google discovered a software glitch in its Google+ social network that had exposed users' personal data to third parties, but "opted not to disclose the issue. . . in part because of fears that doing so would draw regulatory scrutiny and cause reputational damage."

On this news, NASDAQ: GOOG fell 5.9%, over the following two trading sessions.

If you were negatively impacted by your investment in Alphabet Inc securities between April 23, 2018 and October 7, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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