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GOOGL.US
id: 623, Created by Stan Vick Chase, Scout
Join Alphabet, Inc. (GOOGL) Misleading Case to Fight Losses
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
- DOJ & 8 states filed an antitrust lawsuit against, accusing #Google of illegally abusing its dominance in digital advertising.
- $GOOGL price fell 2.09%, damaging Investors.
- Investors suspect #Alphabet & its Leaders of misleading.
On January 24, 2023, the U.S. Department of Justice and 8 states filed an antitrust lawsuit against Alphabet’s Google subsidiary, accusing Google of illegally abusing its dominance in digital advertising and violating the Sherman Antitrust Act.
The lawsuit alleges, among other things, that “Google abuses its monopoly power to disadvantage website publishers and advertisers who dare to use competing ad tech products in a search for higher quality, or lower cost, matches.”
On this news, $GOOGL price fell 2.09%, damaging Investors.
- In recent years, Google’s dominance in this industry has drawn regulatory scrutiny. In July 2018, the European Commission fined Google €2.42 billion for promoting its own shopping comparison service at the top of its search results.
- Less than a year later, in March 2019, the EC fined Google €1.49 billion for preventing rivals from being able to “compete and innovate fairly” in the online advertising market. In June 2019, the U.S. Department of Justice (“DOJ”) reported that it would investigate Google for antitrust violations.
- In October 2020, the DOJ filed an antitrust lawsuit against Google, alleging that it had abused a monopoly position in the search and search advertising markets.
Taking all representations appeared facts and lawsuits into account, Investors have reasons to suspect Alphabet & its Leaders of misleading that led to investment losses for shareholders.
Specifically, Investors may suspect that the Company and its Leaders made false and/or misleading statements and/or failed to disclose that:
- Alphabet used its dominance in the field of digital advertising to disadvantage website publishers and advertisers who used competing advertising products;
- The foregoing conduct was anticompetitive in nature and likely to draw significant regulatory scrutiny;
- Alphabet’s revenues were unsustainable to the extent that they were the product of said anticompetitive conduct;
- Alphabet’s conduct, once revealed, would negatively impact the Company’s reputation and expose it to a heightened risk of litigation and regulatory enforcement action;
Alleged Offence
Misleading Statements,
Failure to Disclose,
Malpractice,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
24 January 2023
Lead Plaintiff Deadline
15 May 2023
Court
Northern District of California