The Law Offices of Frank R. Cruz Announces Investigation of Alphabet Inc. (GOOG, GOOGL) on Behalf of Investors
The Law Offices of Frank R. Cruz announces an investigation of Alphabet Inc. ("Alphabet" or the "Company") (NASDAQ: GOOG, GOOGL) on behalf of investors concerning the Company's possible violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to participate.
On January 24, 2023, the U.S. Department of Justice and eight states filed an antitrust lawsuit against Alphabet's subsidiary, Google, accusing it of unlawfully abusing its dominance in digital advertising and violating the Sherman Antitrust Act, claiming that "Google abuses its monopoly power to disadvantage website publishers and advertisers who dare to use competing ad tech products in a search for higher quality, or lower cost, matches."
On this news, Alphabet's Class A shares fell $2.09, or 2%, to close at $97.70 per share, while its Class C shares fell $2.00, or 2%, to close at $99.21 per share on January 24, 2023, thereby injuring investors.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you purchased Alphabet securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230317005412/en/