Alphabet: court preliminarily approves derivative suit settlement, $500 million spend

What the company reported

• On July 8, 2025 the federal court preliminarily approved the settlement of a stockholder derivative action.
• Alphabet will spend at least $500 million on global compliance over up to 10 years.
• The board will create a new Risk and Compliance Committee; the defendants deny any liability.
• The settlement hearing is September 30, 2025; plaintiffs' counsel intends to seek a fee and expense award up to $80,000,000.