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Alphabet shareholders seek settlement demanding $500 million Google reforms

( May 30, 2025, 21:54 GMT | Official Statement) -- MLex Summary: A plaintiff class of Alphabet shareholders asked a federal judge to grant preliminary settlement approval with the parent company, which would demand it spend $500 million on internal reforms over 10 years after Alphabet "exposed" itself and subsidiary Google to antitrust investigations and enforcement actions by the US Department of Justice. Under the proposed settlement, Alphabet has agreed to create a risk and compliance committee, to revamp a wide range of compliance mechanisms, appoint new senior overseers, and to commit to implementing policies "that ensure that previously ephemeral communications are preserved," the motion filed to the Northern District of California said.See attached document:...

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