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Articles related to "alphabet-class-a"

Alphabet gets two-month delay to reply to shareholder lawsuit over executive misconduct

  • The company will have until Feb. 14, 2020, to respond to claims made in a shareholder lawsuit filed earlier this year that alleges Alphabet's board of directors mishandled claims of misconduct, according to court documents viewed by CNBC.
  • It also comes weeks after CNBC reported that the board formed an independent subcomittee and law firm to investigate how executives handled claims of sexual harassment and other misconduct by chief legal officer David Drummond and other execs.
  • Alphabet shareholders sued the board in January for allegedly covering up sexual misconduct from executives, including former Android co-founder Andy Rubin.
  • The company paid Rubin $90 million when he left in 2014, even though an internal investigation had found credible claims of sexual misconduct with employees, according to a report in the New York Times.

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