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. The litigation follows reports that Google's flagship artificial intelligence model, Gemini 3.5 Pro, fell significantly behind its projected launch schedule due to disappointing training results. The legal action stems from a July 16, 2026, Bloomberg report stating the company was months behind schedule on delivering the AI model. Following this news, Alphabet's stock prices for both Class A and Class C shares dropped by approximately 4.4%, representing a decline of over $16 per share.
Tickers: $GOOG
Topics: Alphabet Inc. Artificial Intelligence Litigation Securities Fraud
Read the full article at PR Newswire
Part of the story Alphabet Inc. Faces Class Action Lawsuit Over Alleged Gemini AI Delays (2 articles)