Alphabet Inc. $GOOGL, the parent company of Google, has reached a preliminary settlement in a shareholder lawsuit accusing the tech giant of failing to adequately oversee antitrust risks. According to legal filings submitted late Friday, Alphabet has agreed to spend $500 million over ten years to restructure and reinforce its compliance and governance mechanisms.

Alphabet Inc. $GOOGL, the parent company of Google, has announced its intent to appeal a recent U.S. federal court ruling in a landmark antitrust case concerning its dominance in online search and digital advertising. The company criticized the court's proposed remedies, which were less stringent than the 10-year regulatory oversight initially advocated by U.S. antitrust authorities.