Alphabet Inc. Faces Class Action Lawsuit Over Alleged Gemini AI Delays
Pomerantz LLP has announced a class action lawsuit against Alphabet Inc. (NASDAQ: GOOG) regarding potential securities fraud and unlawful business practices. The litigation follows reports that the company's flagship artificial intelligence model, Gemini 3.5 Pro, fell behind its projected launch schedule. The legal action stems from discrepancies between CEO Sundar Pichai's May 2026 announcement of a June launch and subsequent Bloomberg reports in July 2026 indicating significant coding delays and disappointing training results. Following these reports, Alphabet's stock prices saw a notable decline, with Class A and Class C shares both dropping approximately 4.4% on July 16, 2026.
Tickers: $GOOG
Topics: artificial intelligence class action securities fraud stock price drop