News & Updates
On July 23, Alphabet Inc. published its financial report for the Q2 of 2026. Despite the fact that the bankruptcy trustee of OOO “Google” has initiated legal proceedings in multiple jurisdictions against Google companies seeking substantial amounts, these proceedings are not mentioned in Alphabet Inc.’s financial statements.
Since 2022, Alphabet Inc. has consistently failed to comply with U.S. disclosure requirements applicable to public companies, including the obligation to disclose material legal proceedings other than those arising in the ordinary course of business (Item 103 of SEC Regulation S-K, 17 C.F.R. § 229.103).
Under Regulation S-K, public companies are required, among other things, to disclose the names of the parties, the factual background of the proceedings, and the relief sought. Nevertheless, Alphabet Inc.’s financial report addresses the Russia-related litigation in a single paragraph, without providing any details of the proceedings: “We have ongoing legal matters relating to Russia. For example, some matters concern civil judgments that include compounding penalties imposed upon us in connection with disputes regarding the termination of accounts, including those of sanctioned parties. We do not expect these ongoing legal matters will have a material adverse effect.”
It is evident that this level of disclosure falls short of the requirements of U.S. securities laws and undermines the rights of Alphabet Inc.’s shareholders and investors to receive complete and accurate information regarding material legal proceedings involving the company.