Investor:  Court Went Too Far In Dismissing All Claims In Google Stock-Drop Suit

(July 23, 2020, 10:57 AM EDT) -- SAN FRANCISCO — A federal district court erred in dismissing claims in a securities class action lawsuit against Google LLC, its parent company and others stemming from alleged misrepresentations the defendants made concealing data security and management integrity issues relating to the Google+ social media network because it improperly ignored the lead plaintiff's allegations and instead accepted the defendants' "construction of a far narrower securities fraud scheme than the one" the lead plaintiff alleged in its amended complaint, the lead plaintiff argues in a July 20 appellant brief filed in the Ninth Circuit U.S. Court of Appeals (In re Alphabet Inc. Securities Litigation, No. 20-15638, 9th Cir.)....

Related Sections