Alphabet Investors Sue Over 'Billions' In Antitrust Liability
By Dave Simpson (December 6, 2021, 11:40 PM EST) -- Alphabet Inc. investors hit the Google parent's board with a pair of derivative suits alleging in California federal court that executive mismanagement has led to "multi-billion-dollar antitrust liability" and the outlay of tens of millions of dollars on investigations and civil actions related to Google's alleged anti-competitive practices.
Both suits, filed Friday by the same Scott+Scott Attorneys at Law LLP counsel, focus on ongoing investigation and lawsuits, many from the government, that come as a result of a slew of its allegedly monopolistic behaviors.
"Alphabet has suffered substantial harm and faces potential fines in the billions of dollars," the plaintiffs in one...
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