Key Highlights
- Kaplan Fox & Kilsheimer LLP says a securities class action was filed against Alphabet Inc.
- The proposed class covers investors who bought Alphabet securities from May 19 to July 16, 2026.
- The firm said the deadline to seek lead-plaintiff status is December 1, 2026.
Kaplan Fox & Kilsheimer LLP said a securities 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 firms release, the complaint references a July 16, 2026 Bloomberg report that said Google was months behind schedule on delivering Gemini 3.5 Pro, described as its flagship artificial intelligence model, and that a recent update to training data produced disappointing results.
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The release said Alphabets 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 proposed 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 the launch would be significantly delayed, the firm said.
Kaplan Fox said investors who want to ask the court to be appointed lead plaintiff must do so by December 1, 2026. The firm also noted that investors do not need to seek lead-plaintiff status to participate in any potential recovery.
The original press release is available on stockhouse.com
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