YORK, March 24, 2023 /PRNewswire/
-- Jakubowitz Law announces that a securities fraud class
action lawsuit has commenced on behalf of shareholders of Alphabet
Inc. (NASDAQ: GOOGL).
To receive updates on the lawsuit, fill out the form:
The lawsuit seeks to recover losses for shareholders who
purchased Alphabet between February 4,
2020 and January 23, 2023.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
May 15, 2023 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Alphabet Inc. issued materially
false and/or misleading statements and/or failed to disclose
that: (i) Alphabet used its dominance in the field of digital
advertising to disadvantage website publishers and advertisers who
used competing advertising products; (ii) the foregoing conduct was
anticompetitive in nature and likely to draw significant regulatory
scrutiny; (iii) Alphabet's revenues were unsustainable to the
extent that they were the product of said anticompetitive conduct;
(iv) 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; and (v) as a result,
the Company's public statements were materially false and
misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
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SOURCE Jakubowitz Law