The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Alphabet Inc. (“Alphabet” or “the Company”) (NASDAQ: GOOG, GOOGL) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. The Wall Street Journal published an article on October 8, 2018, titled, “Google Exposed User Data, Feared Repercussions of Disclosing to Public.” The article stated that “Google exposed the private data of hundreds of thousands of users of the Google+ social network and then opted not to disclose the issue this past spring, in part because of fears that doing so would draw regulatory scrutiny and cause reputational damage.” The article added that based on this news, the Company “announced a sweeping set of data privacy measures that include permanently shutting down all consumer functionality of Google+.” Based on this news, shares of Alphabet fell sharply the same day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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