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Google settles shareholder lawsuit, will spend $500M on being less evil
Google could also be liable for legal fees in the case.
The plaintiffs in the case have reached a settlement with Google parent company Alphabet, which will spend a boatload of cash on "comprehensive" reforms. The litigation stretches back to 2021, when a Michigan pension fund accused Google of harming the company's future by triggering widespread antitrust and regulatory actions with "prolonged and ongoing monopolistic and anticompetitive business practices." Perhaps the reforms will lead to a changed company, but that won't undo the damage from the current spate of antitrust actions.
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