June 2, 2025 - Google has committed to invest $500 million over the next decade to overhaul its compliance structure. This decision resolves a shareholder lawsuit accusing the company of antitrust violations and aims to address regulatory concerns.
The preliminary settlement, filed late last week, involves Alphabet executives, including CEO Sundar Pichai, and awaits approval from U.S. District Judge Rita Lin in San Francisco. The settlement addresses claims that Alphabet's leadership failed to adequately address antitrust risks in its core businesses.
As part of the overhaul, Alphabet will establish a standalone board committee dedicated to risk and compliance oversight. Additionally, a senior vice president-level committee will be created, reporting directly to Pichai, to handle regulatory matters. These changes signify a comprehensive effort to strengthen Google's compliance framework and foster a culture of regulatory adherence.