Alphabet’s board of directors is being sued by attorneys in California on behalf of a shareholder in a suit that asserts claims for breach of fiduciary duty, abuse of control, unjust enrichment, and waste of corporate assets.
Source: www.cnbc.com
Alphabet has come under scrutiny for allegedly covering up sexual misconduct against top executives. A shareholder named James Martin filed for charges claiming Alphabet failed in its duty to shareholders by attempting to cover up the misconduct. The shareholder complaint seeks three new, independent board members and the reimbursement of severance payouts to executives who left under a cloud of misconduct.
