** Alphabet GOOGL.O stock dipping 1.4% on Mon after Google-parent agreed to spend $500 mln over 10 years to overhaul compliance structure, settling shareholder litigation accusing co of antitrust violations
** Mon's decline in GOOGL shares underperformed a 0.2% gain in the Nasdaq .IXIC
** Settlement includes creating standalone board committee for risk and compliance, and senior VP-level committee reporting to CEO Sundar Pichai
** Shareholders accused execs of breaching fiduciary duties, exposing co to antitrust liability; changes must remain for at least four years
** GOOGL stock down about 11% YTD, compared to 1% fall in Nasdaq .IXIC
** Stock recently traded at 17x expected earnings, suggesting it might be undervalued vs avg forward PE of 23 over past five years
** GOOGL stock about 18% below its 52-week intraday high of $207.05 reached on Feb. 4, 2025
(Reporting by Noel Randewich)
((noel.randewich@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.