A lawsuit was filed on behalf of investors in Alphabet Inc. (NASDAQ: GOOG, GOOGL) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 10/29/2018 -- An investor, who purchased shares of Alphabet Inc. (NASDAQ: GOOG, GOOGL), filed a lawsuit over alleged violations of Federal Securities Laws by Alphabet Inc..
Investors who purchased shares of Alphabet Inc. (NASDAQ: GOOG, GOOGL) have certain options and for certain investors are short and strict deadlines running. Deadline: December 10, 2018. NASDAQ: GOOG, GOOGL investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of Alphabet Inc. (NASDAQ: GOOG, GOOGL) common shares between April 24, 2018 and October 10, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 24, 2018 and October 10, 2018, the defendants made false and/or misleading statements and/or failed to disclose that Google exposed the private data of hundreds of thousands of Google+ social network users, that Google actively concealed this data breach for several months, that this conduct violated Google's purported data privacy and security policies, that discovery of the foregoing conduct could foreseeably subject Alphabet to heightened regulatory scrutiny, and that as a result, Alphabet's public statements were materially false and misleading at all relevant times.
On October 8, 2018, The Wall Street Journal published an article entitled, "Google Exposed User Data, Feared Repercussions of Disclosing to Public," stating 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 further states that Google subsequently "announced a sweeping set of data privacy measures that include permanently shutting down all consumer functionality of Google+."
Those who purchased shares of Alphabet Inc. (NASDAQ: GOOG, GOOGL) have certain options and should contact the Shareholders Foundation.
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