High Court Seeks Response In Appeal Of Google Parent Company Stock-Drop Suit

Mealey's (January 14, 2022, 8:52 AM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court on Dec. 1 requested that the Office of the Rhode Island Treasurer on behalf of the Employees’ Retirement System of Rhode Island respond to a petition for writ of certiorari seeking review of a Ninth Circuit U.S. Court of Appeals panel’s ruling substantially overturning a federal district court’s dismissal of shareholder claims in a securities class action against Google LLC, Google parent company Alphabet Inc. and others stemming from alleged misrepresentations the defendants made concealing data security and management integrity issues relating to the Google+ social media network....