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Class action lawsuit filed against Alphabet over misleading statements on Gemini 3.5 Pro delays

Market News
05 Oct 2026
PRNewsWire
View Source
Bearish
Class action lawsuit filed against Alphabet over misleading statements on Gemini 3.5 Pro delays

A class action lawsuit has been filed against Alphabet Inc. for allegedly making false and misleading statements about the performance and launch delays of its Gemini 3.5 Pro product between May 19 and July 16, 2026. The lawsuit claims these misstatements caused investor losses when the true information became public. Investors who bought Alphabet securities during this period may join the lawsuit and seek compensation without upfront costs. The deadline to move for lead plaintiff status is December 1, 2026.

GOOGL and GOOG are trading positively on Pluang as of Oct 06, 2026 04:12 WIB, with GOOGL up 0.81% at USD 346.28 and GOOG up 0.92% at USD 343.47. GOOGL shows a strong buy interest at 73%, while GOOG has a more balanced order activity with 52% buy orders. Both have a market cap of $4.18 trillion, reflecting their significant presence in the media sector.

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Lawsuit filed against Alphabet over delayed AI model launch and stock drop in July 2026

Lawsuit filed against Alphabet over delayed AI model launch and stock drop in July 2026

Faruqi & Faruqi, LLP is investigating a securities class action lawsuit against Alphabet Inc. for allegedly misleading investors about the performance and launch delay of its AI model Gemini 3.5 Pro. The lawsuit claims Alphabet failed to disclose dis...

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USC researcher ranks Meta as most vulnerable big tech, Amazon as safest among Apple, Alphabet, Meta, Amazon.

USC researcher ranks Meta as most vulnerable big tech, Amazon as safest among Apple, Alphabet, Meta, Amazon.

Jeffrey Cole, a USC researcher, ranked four major tech giants—Meta, Apple, Alphabet, and Amazon—by their vulnerability to decline. He considers Meta the most at risk, citing legal troubles and declining free cash flow, while Amazon is seen as the str...

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Alphabet's dual AI revenue engines boost growth, despite rising capex and debt concerns.

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Alphabet is growing its AI-driven revenue through two main channels: Google Cloud and AI-enhanced advertising, with Q2 2026 revenues showing strong double-digit growth. The company reported $119.80 billion in revenue, a 24.2% increase, and expanded i...

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Non-cybersecurity firms lead major cybersecurity acquisitions to boost core business growth.

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In 2026, major non-cybersecurity companies like Alphabet, ServiceNow, Visa, and Accenture have become the biggest buyers in cybersecurity, acquiring firms to enhance their core services rather than sell security products. Alphabet's $32 billion purch...

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EPAM launches new AI service to enhance enterprise workflows with advanced data and model evaluation.

EPAM launches new AI service to enhance enterprise workflows with advanced data and model evaluation.

EPAM Systems has introduced a new AI service designed to support next-generation frontier AI models in handling complex enterprise workflows more reliably. This offering leverages EPAM's extensive experience and partnerships with leading AI labs like...

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