A class action lawsuit alleges Alphabet Inc. and its executives made false and misleading statements about the development of its Gemini 3.5 Pro AI model. The case covers investors who purchased Alphabet securities from May 19, 2026, through July 16, 2026.
The complaint claims Alphabet failed to disclose that the model was producing disappointing training results, which would significantly delay its launch. The launch was originally planned for June 2026.
On July 16, 2026, a Bloomberg report said the model was months behind schedule. Alphabet’s stock fell 4.4% that day.
Law firms are seeking a lead plaintiff for the case. The deadline is December 1, 2026.