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Alphabet’s Pending High Court Bid Wins Longer Investor Suit Stay

Oct. 28, 2021, 5:30 PM

Alphabet Inc. secured an extended stay of a Ninth Circuit decision in favor of investors who say it misled them about a Google+ software bug while the company seeks review from the U.S. Supreme Court.

The conglomerate that owns Google asked the high court to weigh in on a U.S. Court of Appeals for the Ninth Circuit decision from June partially reviving a securities suit accusing Alphabet of failing to disclose a Google+ flaw even after internal deliberation on the cybersecurity issues. The bug potentially exposed the private information of approximately half a million users.

“A ‘risk’ is the possibility ...