GOOG, GOOGL Investors Have Opportunity to Lead Alphabet Inc. Securities Fraud Lawsuit

LOS ANGELES, April 13, 2023

Shareholders with losses exceeding $100,000 are encouraged to contact the firm. 

LOS ANGELES , April 13, 2023 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Alphabet Inc. ("Alphabet" or the "Company") (NASDAQ: GOOG, GOOGL).

Class Period: February 4, 2020 – January 23, 2023
Lead Plaintiff Deadline: May 15, 2023

If you are a shareholder who suffered a loss, click here to participate.

The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors that: (1) Alphabet used its dominance in the field of digital advertising to disadvantage website publishers and advertisers who used competing advertising products; (2) the foregoing conduct was anticompetitive in nature and likely to draw significant regulatory scrutiny; (3) Alphabet's revenues were unsustainable to the extent that they were the product of said anticompetitive conduct; (4) 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 (5) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Follow us for updates on Twitter: twitter.com/FRC_LAW.