Kaplan Fox & Kilsheimer LLP has announced a class action lawsuit against Alphabet Inc. (NASDAQ: GOOGL, GOOG) on behalf of investors who purchased the company's securities between May 19, 2026, and July 16, 2026. The firm is encouraging affected investors to contact them before the lead plaintiff deadline on December 1, 2026.
The lawsuit follows a report by Bloomberg on July 16, 2026, which revealed that Google's flagship AI model, Gemini 3.5 Pro, was months behind schedule due to disappointing training results. The complaint alleges that Alphabet made false or misleading statements during the class period, failing to disclose the delays and poor performance of Gemini 3.5 Pro.
On the day of the Bloomberg report, Alphabet's Class A and Class C common stock prices dropped by $16.46 and $16.39 per share, respectively, representing a 4.4% decline. The lawsuit seeks to hold the company accountable for these alleged misrepresentations.
Kaplan Fox & Kilsheimer LLP, a nationally recognized law firm with over 50 years of experience in complex litigation, has recovered more than $10 billion for clients in various high-profile cases. The firm is urging investors with losses to learn more about the lead plaintiff process, emphasizing that participation is not required to share in any potential recovery.