Google must face shareholder lawsuit claiming it hid security risks

Discussion in 'other software & services' started by hawki, Jun 16, 2021.

  1. hawki

    hawki Registered Member

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    "June 16 (Reuters) - A U.S. appeals court on Wednesday revived a lawsuit in which shareholders of Google parent Alphabet Inc (GOOGL.O) accused Google of misleading them by concealing security vulnerabilities, including in its Google+ social network.

    The 9th U.S. Circuit Court of Appeals in San Francisco said the lawsuit raised a 'strong inference' that Alphabet and its then-Chief Executive Larry Page knew about the bugs and an internal memo on security issues, and Alphabet intentionally withheld the information from its quarterly investor reports..."

    https://www.reuters.com/technology/...ng-it-hid-security-risks-2021-06-16/?rpc=401&
     
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