Key Highlights
- Kaplan Fox & Kilsheimer LLP says a proposed investor class action was filed against Alphabet Inc.
- The law firm says the case covers investors who bought Alphabet securities from May 19 to July 16, 2026.
- The firm says a court deadline to seek lead plaintiff status is December 1, 2026.
Kaplan Fox & Kilsheimer LLP said a proposed securities class action lawsuit has been filed against Alphabet Inc. (NASDAQ: GOOGL) and (NASDAQ: GOOG) on behalf of investors who purchased or otherwise acquired Alphabet securities between May 19, 2026 and July 16, 2026.
According to the law firms notice, the complaint centres on allegations that Alphabet made false and/or misleading statements and/or failed to disclose information related to Gemini 3.5 Pro, which the notice describes as Googles flagship artificial intelligence model.
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 notice points to a July 16, 2026 Bloomberg report cited in the complaint, which it says stated that Google was months behind schedule on delivering Gemini 3.5 Pro due to ongoing coding efforts, and that an update to training data had produced disappointing results.
Kaplan Fox said the complaint alleges that, during the proposed class period, defendants did not disclose that Gemini 3.5 Pro was delivering disappointing training results and that the launch would be significantly delayed.
The notice also claims Alphabets Class A and Class C shares fell $16.46 per share and $16.39 per share, respectively, or 4.4%, on July 16, 2026. The release did not specify the currency for those figures.
Kaplan Fox said investors who want to seek appointment as lead plaintiff must move the court by December 1, 2026, and that investors do not need to be a lead plaintiff to participate in any potential recovery.
The original press release is available on stockhouse.com
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