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Cohen Milstein Files Lawsuit on Behalf of Alphabet Shareholders against Company Board

The Plaintiffs, Northern California Pipe Trades Pension Plan and Teamsters Local 272 Labor Management Pension Fund, are current stockholders of the Company and are represented by Cohen Milstein Sellers & Toll PLLCand Berman Tabacco, as local counsel. In the 62-page complaint, the shareholders seek redress from the injury and losses that they allege were sustained by Alphabet as a result of breaches of fiduciary duty and “culture of concealment” that led Defendants to pursue their own interests and participate or acquiesce in the cover-ups of a long-standing pattern of sexual harassment and discrimination by high-powered male executives. “We are hoping this lawsuit will create greater value for Alphabet’s stockholders and will also ensure that the Company demonstrates a greater commitment to a safe and fair workplace,” said Julie Goldsmith Reiser, partner at Cohen Milstein who represents the shareholders. The lawsuit also alleges Alphabet failed to disclose a data privacy breach that exposed the personal data of a half a million users of Google+, a social networking website operated by the Company.

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