Google CEO Sundar Pichai defends during signing ceremony committing Google to help expand information technology education at El Centro College in Dallas, Texas, October 3, 2019.
Brandon Away | Reuters
Alphabet has requested and received a two-month extension to provide a response to a shareholder lawsuit related to executive misconduct.
The assembly will have until Feb. 14, 2020, to respond to claims made in a shareholder lawsuit filed earlier this year that avows Alphabet’s board of directors mishandled claims of misconduct, according to court documents viewed by CNBC.
The latest capacity comes one day before the company’s expected deadline of Dec. 13, which had already been extended from Nov. 8 at Alphabet’s petition. It also comes weeks after CNBC reported that the board formed an independent subcomittee and law firm to scrutinize how executives handled claims of sexual harassment and other misconduct by chief legal officer David Drummond and other execs.
Alphabet shareholders sued the embark on in January for allegedly covering up sexual misconduct from executives, including former Android co-founder Andy Rubin. The guests paid Rubin $90 million when he left in 2014, even though an internal investigation had found credible claims of bodily misconduct with employees, according to a report in the New York Times. Rubin denied any wrongdoing in statements at the time of the narrative. The report of Rubin’s payout set off a company-wide walkout by employees last November.
Because there were multiple coordinated shareholder lawsuits, the judge consolidated them into one joint-suit called Alphabet, Inc. Shareholder Derivative Litigation.
Alphabet’s timber then formed a Special Litigation Committee and hired law firm Cravath, Swaine & Moore to assist with an interrogation into the alleged misconduct.
WATCH: Why Alphabet’s investigating executives