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Class action lawsuit filed against Alphabet over delayed AI model Gemini 3.5 Pro and stock drop.

Market News
06 Oct 2026
Newsfile Corp
View Source
Bearish
Class action lawsuit filed against Alphabet over delayed AI model Gemini 3.5 Pro and stock drop.

A class action lawsuit has been filed against Alphabet Inc. by investors who bought its securities between May 19 and July 16, 2026. The suit alleges that Alphabet misled investors by not disclosing delays and disappointing training results of its AI model Gemini 3.5 Pro. On July 16, 2026, news of the delay caused Alphabet's stock to drop over 4%. The lawsuit claims Alphabet made false or misleading statements during this period. Investors have until December 1, 2026, to seek lead plaintiff status in the case.

As of Oct 07, 2026 05:01 WIB, Alphabet Inc's Class A shares (GOOGL) are trading at USD 347.96 on Pluang, showing a modest 0.43% gain for the day. Despite the ongoing class action lawsuit related to AI project delays, the stock maintains strong market interest with a market cap of $4.22 trillion and a typical hold time of 85 days among Pluang investors. The order activity leans heavily towards selling at 79%, indicating cautious sentiment.

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