NEW YORK,
May 5,
2023 /PRNewswire/ -- Jakubowitz Law announces that a
securities fraud class action lawsuit has commenced on behalf of
shareholders of Alphabet Inc. (NASDAQ: GOOGL).
To receive updates on the lawsuit, fill out
the
form:
https://claimyourloss.com/securities/alphabet-class-action-loss-submission-form/?id=38872&from=4
The lawsuit seeks to recover losses for
shareholders who purchased Alphabet between February 4, 2020 and January 23, 2023.
Shareholders interested in acting as a lead
plaintiff representing the class of wronged shareholders have until
May 15, 2023 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Alphabet Inc.
issued materially false and/or misleading statements and/or failed
to disclose that: (i) Alphabet used its dominance in the field of
digital advertising to disadvantage website publishers and
advertisers who used competing advertising products; (ii) the
foregoing conduct was anticompetitive in nature and likely to draw
significant regulatory scrutiny; (iii) Alphabet's revenues were
unsustainable to the extent that they were the product of said
anticompetitive conduct; (iv) Alphabet's conduct, once revealed,
would negatively impact the Company's reputation and expose it to a
heightened risk of litigation and regulatory enforcement action;
and (v) as a result, the Company's public statements were
materially false and misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice
for shareholders who have been the victim of securities fraud.
Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
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SOURCE Jakubowitz Law