Google to Pay $135 Million to Resolve the Android Data Transfer Lawsuit
Google will pay $135 million to settle a lawsuit alleging unauthorized data collection from Android users.Summary
Google, owned by Alphabet Inc. (NASDAQ:GOOGL), has agreed to a tentative $135 million settlement to resolve a class-action lawsuit concerning its Android operating system. The lawsuit claimed Google collected user data without proper authorization, even when devices were locked, apps were closed, or location sharing was disabled. Google denies any wrongdoing. The proposed settlement, submitted to a federal court in San Jose, California, and requiring judicial approval, covers Android users since November 12, 2017.
The agreement mandates changes to Google Play terms, simpler controls to stop data transfers, and pre-approval requirements for data transfers during phone setup. Plaintiffs’ attorneys could seek up to $39.8 million in fees, with individual payments capped at $100 per user.
Separately, Roth Capital maintained a 'Buy' recommendation for Alphabet, increasing its price target from $310 to $365, citing catalysts like Waymo launches and Gemini milestones. While acknowledging Alphabet’s potential, the report suggests other AI stocks may offer higher returns more quickly.
(Source：Insider Trading)