Archive · 3 Jun 2025

Google to Overhaul Compliance After Shareholder Lawsuit Settlement

Google to Overhaul Compliance After Shareholder Lawsuit Settlement

Google will spend a lot of money to change how it makes sure it follows the rules.

This is because some shareholders sued Google, saying the company wasn't careful enough about possibly breaking antitrust laws.

Google's bosses, like Sundar Pichai, will have new rules to follow.

Google will create a new group to watch over risks and make sure everything is done correctly.

Another group will report to the boss about these issues.

This all came about after the shareholders' lawyers said the board did not get proper reports about potential legal problems.

Google denies doing anything wrong but is making these changes to avoid a long court battle.

Sources