The alphabet settles with the shareholders on a lawsuit against Google Anti -monopoly

Google is still waiting to hear how to be treated Her monopoly in the search engine field – He – is Plan to appeal the ruling – But in the meantime, she must also respond to her shareholders. according to Report from Financial timesAlphabet from Google has reached an initial settlement with shareholders who were also being sued the company to allow Google anti -competition behavior, which they believe that the company has been subjected to “reputation damage” and “great costs”.

According to what was reported, the new alphabet will be forced to rebuild the “global compliance structure” and the company will cost at least $ 500 million over the next ten years to achieve this. This means in the simplest creation of a kind of committee within the alphabet council to oversee organizational issues, from which Google has I acquired a lot In the past few years.

“A new body, consisting of senior executives, will submit its reports directly to the CEO of Sundar Pichai,” foot He writes, while another group “consists of product managers and internal compliance experts,” will consult. The goal is to prevent alphabet and its branches from making a kind of action decision that led Google as a monopoly of multiple charges. The judge will need to agree to the settlement before the company can move forward.

The case was brought against alphabet officials such as Sundar Pichai and Sergey Brin originally by the retirement fund in Michigan on behalf of shareholders Again in 2021. Compared to with Structural changes The US Department of Justice requests, paying some money and forming some committees small. In the big plan for things, it is possible that changing how the alphabet deals with regulations is one of the most secondary methods that the company’s business has to change in the next few years.