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Alphabet settles with shareholders over Google antitrust lawsuit

Google parent company Alphabet has reached a preliminary settlement with shareholders that will force structural changes to its board and could cost $500 million or more.

The new settlement will reportedly force Alphabet to rebuild its "global compliance structure" and will cost the company a minimum of $500 million over the next 10 years to make it happen. The goal is to prevent Alphabet and its subsidiaries from making the kind of business decision that led to Google being deemed a monopoly on multiple counts. The case against Alphabet officials like Sundar Pichai and Sergey Brin was originally brought by a Michigan pension fund on behalf of shareholders back in 2021.

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