Alphabet Inc. has obtained a final judgment to end a derivative lawsuit from investors related to alleged monopolistic practices. The settlement involves the company committing to regulatory compliance reforms valued at $500 million, rather than a direct payment to shareholders. The lawsuit had been brought against the company's officers and directors, holding them responsible for anticompetitive business practices across advertising, search, and Google Play services. The judgment was entered by the US District Court for the Northern District of California. According to the ruling, the court will retain jurisdiction over the matter to oversee the administration, interpretation, implementation, and enforcement of the agreed-upon reforms. This resolution addresses investor claims that leadership's actions exposed the company to significant legal and financial risks.
Alphabet Ends Investor Lawsuit Over Monopoly Claims with $500M Reform Deal
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