Alphabet Investors Win Revival of Google+ Security Flaw Suit (1)

June 16, 2021, 4:01 PM; Updated: June 16, 2021, 5:28 PM

Alphabet Inc. investors will get a new chance to pursue their would-be class suit over alleged misstatements about a Google+ software bug after the Ninth Circuit revived part of their case Wednesday.

Investors in the conglomerate that owns Google sufficiently alleged that Alphabet misled them when it left information about a cybersecurity problem out of some Securities and Exchange Commission filings and acted with the required mental state in doing so, but other company statements weren’t misleading, the U.S. Court of Appeals for the Ninth Circuit said.

Alphabet allegedly misled investors about security issues that potentially exposed the private ...

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