Key Highlights
- Kaplan Fox & Kilsheimer LLP says a proposed class action was filed against Alphabet Inc.
- The suit covers investors who bought Alphabet securities between May 19, 2026 and July 16, 2026.
- The firm says motions to seek lead-plaintiff status are due by December 1, 2026.
Kaplan Fox & Kilsheimer LLP says a proposed class action lawsuit has been filed against Alphabet Inc. (NASDAQ: GOOGL, GOOG) on behalf of investors who purchased or otherwise acquired Alphabet securities between May 19, 2026 and July 16, 2026.
According to the law firm’s announcement, the complaint centres on reporting that Google was behind schedule on delivering Gemini 3.5 Pro, which the release describes as its flagship artificial intelligence model, and that training results were disappointing.
This article is a journalistic opinion piece which has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice.
The release points to a July 16, 2026 Bloomberg report cited in the complaint, which it says stated Google was “months behind schedule on delivering Gemini 3.5 Pro, its most powerful flagship AI model” due to ongoing coding efforts, and that an update to training data produced disappointing results.
Kaplan Fox said Alphabet’s Class A and Class C common stock fell $16.46 per share and $16.39 per share, respectively, or 4.4%, on July 16, 2026.
The complaint alleges that during the class period defendants made false and/or misleading statements and/or failed to disclose that Gemini 3.5 Pro was delivering disappointing training results and that, as a result, its launch would be significantly delayed, according to the release.
Kaplan Fox said investors who want to seek appointment as lead plaintiff must move the court by December 1, 2026. The firm also noted that investors do not need to seek lead-plaintiff status to share in any possible recovery.
The original press release is available on stockhouse.com
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