Google to spend $500 million revamping compliance in shareholder settlement


FILE PHOTO: Miniature figures of people are seen in front of the new Google logo in this illustration taken May 13, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -Google agreed to spend $500 million over 10 years to overhaul its compliance structure, to settle shareholder litigation accusing the search engine company of antitrust violations, settlement papers show.

The preliminary settlement of so-called derivative litigation against officials at Google parent Alphabet, including Chief Executive Sundar Pichai and Google co-founders Sergey Brin and Larry Page, was filed late on Friday.

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