Google must face shareholder lawsuit claiming it hid security risks


FILE PHOTO: The brand logo of Alphabet Inc's Google is seen outside its office in Beijing, China, August 8, 2018. REUTERS/Thomas Peter/File Photo

(Reuters) -A U.S. appeals court on Wednesday revived a lawsuit in which shareholders of Google parent Alphabet Inc accused the company of fraudulently concealing security vulnerabilities, including in its Google+ social network.

The 9th U.S. Circuit Court of Appeals in San Francisco said the lawsuit raised a "strong inference" that Alphabet's then-Chief Executive Larry Page and his successor, Sundar Pichai, knew about the bugs and an internal memo on security issues but intentionally concealed the information from investors.

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