Lawsuit alleges Alphabet Inc. made misleading statements to investors from May 19, 2026 to July 16, 2026; lead plaintiff motions are due December 1, 2026

LOS ANGELES, Oct. 22, 2026 /PRNewswire/ -- The Law Offices of Frank R. Cruz today announced a class action lawsuit against Alphabet Inc. ("Alphabet" or the "Company") (NASDAQ: GOOGL) on behalf of investors who acquired the Company's securities from May 19, 2026 to July 16, 2026. Filed on October 2, 2026, the case is Stewart v. Alphabet Inc. et al., U.S. District Court California Northern District (San Jose), Case No. 5:26-cv-11290.

If you lost money on Alphabet Inc. securities, submit your Alphabet Inc. loss information by December 1, 2026 to learn about participating in the lawsuit.

Alphabet Inc. class action timeline

• Class period begins: May 19, 2026
• Class period ends: July 16, 2026
• Complaint filed: October 2, 2026
• Lead plaintiff motion deadline: December 1, 2026

What happened?

On July 16, 2026, Bloomberg reported that Alphabet's Google is months behind schedule on delivering Gemini 3.5 Pro, its most powerful flagship AI model, due to the Company's ongoing coding efforts, and that "[l]ate last month, Google updated the data being used to train Gemini in an attempt to improve [its] skills, but the results were disappointing."

On this news, Alphabet's stock price fell $16.40, or 4.4%, to close at $353.81 per share on July 16, 2026, thereby injuring investors.

Then, on July 22, 2026, Alphabet released its second quarter 2026 financial results, announcing a significant expansion of expected full year 2026 capital expenditures to $195 billion to $205 billion, and disclosing a negative free cash flow of $5.9 billion for the quarter. The Company further disclosed that, given the supply-constrained environment, it planned to expand the use of third-party capacity in the third quarter as a bridging strategy, which would create modest margin pressure in the near term.

On this news, Alphabet's stock price fell $24.40 or 7.13%,  to close at $317.69 on July 23, 2026, thereby injuring investors further.

What is the Alphabet Inc. lawsuit about?

The Alphabet Inc. securities lawsuit alleges that, between May 19, 2026 and July 16, 2026, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Alphabet Inc.'s business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose that: (1) that the Gemini 3.5 Pro was delivering disappointing training results; (2) that, as a result, the launch of Gemini 3.5 Pro would be significantly delayed; and (3) as a result, defendants' positive statements about Alphabet Inc.'s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

"According to the complaint filed against Alphabet Inc., the Company, among other things, did not disclose that that the Gemini 3.5 Pro was delivering disappointing training results. The December 1, 2026 deadline is a key date for Alphabet Inc. investors who want a voice in how this case moves forward," said Frank R. Cruz of The Law Offices of Frank R. Cruz.

What should Alphabet Inc. investors do now?

The Law Offices of Frank R. Cruz can help Alphabet Inc. investors evaluate potential claims to recover their losses.

Investors who want to serve as lead plaintiff in the Alphabet Inc. class action must file a motion with the Court by December 1, 2026. For more information, visit the Alphabet Inc. case page, email info@frankcruzlaw.com, or call 310-914-5007.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

Investors may retain counsel of their choice. Alphabet Inc. investors who bought during the class period may also take no action and remain absent class members. No class has been certified yet in the Alphabet Inc. case.

Questions and answers about the Alphabet Inc. lawsuit

Who is eligible? Investors who bought Alphabet Inc. securities between May 19, 2026 and July 16, 2026 and lost money may be class members, and may seek lead plaintiff appointment by December 1, 2026.

What does a lead plaintiff do? The lead plaintiff is appointed by the court to represent all class members and direct the Alphabet Inc. class action.

Must I be lead plaintiff to share in a recovery? No, Alphabet Inc. investors can take no action and remain absent class members.

How are attorneys' fees handled? The Law Offices of Frank R. Cruz works on contingency, so investors pay no attorneys' fees unless there is a recovery, and any fees require court approval.

About The Law Offices of Frank R. Cruz

The Law Offices of Frank R. Cruz investigates and prosecutes securities fraud and corporate malfeasance class actions. With nearly 20 years of litigation experience, the firm focuses on complex securities class actions and gives each client personal, one-on-one attention throughout the legal process.

Prior results do not guarantee a similar outcome.

Related links

• Alphabet Inc. case page, The Law Offices of Frank R. Cruz
• Complaint: Stewart v. Alphabet Inc. et al., U.S. District Court California Northern District (San Jose)
• press release
• Alphabet Inc. SEC filings index, EDGAR
• The Law Offices of Frank R. Cruz

Follow The Law Offices of Frank R. Cruz for updates on Twitter: twitter.com/FRC_LAW

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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SOURCE The Law Offices of Frank R. Cruz, Los Angeles