Gannett Co Says On June 20, Co Filed Civil Action Against Google And Alphabet In U.S. District Court In The Southern District Of New York; Action Google And Alphabet Seeking Injunctive Relief And Damages
Portfolio Pulse from Happy Mohamed
Gannett Co has filed a civil action against Google and Alphabet in the U.S. District Court in the Southern District of New York, seeking injunctive relief and damages.
June 20, 2023 | 12:08 pm
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NEUTRAL IMPACT
Gannett Co files a lawsuit against Google and Alphabet, potentially impacting its stock price.
Gannett Co's lawsuit against Google and Alphabet may draw attention to the company, but it is uncertain how the legal action will affect its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Google faces a civil action filed by Gannett Co, which may have a short-term impact on its stock price.
The lawsuit filed by Gannett Co against Google may have a negative short-term impact on Google's stock price, as investors may perceive it as a potential risk.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
Alphabet, Google's parent company, is involved in a civil action filed by Gannett Co, which may affect its stock price in the short term.
As Alphabet is Google's parent company, the lawsuit filed by Gannett Co may have a negative short-term impact on Alphabet's stock price, due to potential risk perception by investors.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50