Appeals Court Revives Shareholder Suit Over Google+ Security Flaws

A U.S. appeals court 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.