PROVIDENCE – Rhode Island has been named the lead plaintiff in an investor class action lawsuit against Alphabet Inc., the parent company of Google, The R.I. Office of the General Treasurer announced Tuesday.
The lawsuit alleges that shareholders of Alphabet were adversely impacted by a data breach in the company’s Google+ social platform. The lawsuit also alleges that Google executives knew about the breach and did not disclose the event.
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“Investors in Alphabet, including the members of Employees’ Retirement System of Rhode Island, are seeking to recover for harm they suffered when Alphabet misled regulators, users and the public regarding its failure to secure users’ information,” stated General Treasurer Seth Magaziner.
Rhode Island was named the lead plaintiff on Jan. 25 in a consolidation of similar class action suits, following the company’s revelation of account information being compromised on the Google+ platform.
It has been reported that the platform exposed 52.5 million user’s data.
“Google knew that there had been a security breach and that users’ private information had been compromised, and instead of disclosing the information, they chose to hide it,” added Magaziner.
The shutdown process of Google+ is expected to end by March 7.
The lawsuit is being tried in U.S. District Court, Northern District of California.
