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Tuesday, May 21, 2024 | Back issues
Courthouse News Service Courthouse News Service

Google Class Action

Alphabet shareholders claim in a federal derivative class action that directors of the company failed for six months to disclose a data breach affecting nearly 500,000 Google Plus users, causing the share price to drop by 15 percent in October 2018 as U.S. senators questioned the company’s compliance with a 2011 FTC consent decree.

SAN FRANCISCO — Alphabet shareholders claim in a federal derivative class action that directors of the company failed for six months to disclose a data breach affecting nearly 500,000 Google Plus users, causing the share price to drop by 15 percent in October 2018 as U.S. senators questioned the company’s compliance with a 2011 FTC consent decree.

Categories / Securities, Technology

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