Pomerantz Named Lead Counsel in Alphabet Investor Suit

On Friday, June 9th, U.S. District Judge Richard Seeborg of the U.S. District Court for the Northern District of California named Pomerantz LLP as Lead Counsel on behalf of the plaintiffs in AMI — Government Employees Provident Fund Management Co. Ltd. v. Alphabet Inc. et al., No. 3:23-cv-01186. Pomerantz’s client Menora Mivtachim Insurance Ltd. and its subsidiaries Menora Mivtachim Pensions and Gemel Ltd. will serve as Lead Plaintiffs. The suit alleges that Google and its parent company Alphabet misled investors about the nature of its anticompetitive business practices and the potential of those practices to elicit regulatory scrutiny.