Alphabet Faces Securities Class Actions Over Alleged Misrepresentations of Gemini 3.5 Pro Delays

Shareholder rights law firms are reminding Alphabet Inc. investors of upcoming late-2026 deadlines to seek lead plaintiff status in ongoing federal securities class action lawsuits. The complaints allege Alphabet misled investors by announcing a June 2026 launch for its Gemini 3.5 Pro artificial intelligence model while concealing disappointing training results and delays. The issues emerged on July 16, 2026, when media reports revealed multi-month delays, causing Class A shares to drop 4.4% to $354.46. Shares fell another 7.13% on July 23 after Alphabet posted negative free cash flow of $5.9 billion.