NEW YORK (TheStreet) -- Alphabet's  (GOOGL) - Get Report Google is being sued for age discrimination and now the U.S. Equal Employment Opportunity Commission (EEOC) is investigating the suit, CNBC's Josh Lipton reported on "Power Lunch" Thursday.

The case was filed by Cheryl Fillekes in a San Jose, CA federal court in April of 2015.

Fillekes was interviewed in person for four different jobs between 2007 and 2014. She was 47 at the time of her first interview, according to Lipton.

"She says she is not the only one facing this ageism. In fact, the suit says that the EEOC has received multiple complaints of age discrimination by Google and is currently conducting an extensive investigation into Google's employment policies and practices," Lipton continued.

The first hearing of the trial is scheduled to be held sometime in May of 2017.

The issue of discrimination pops up a lot in the technology industry but is mainly related to race or gender, Lipton noted.

Shares of Alphabet are declining by 0.81% to $703.24 this afternoon.

(Alphabet is held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holdings with a free trial.)

Separately, TheStreet Ratings rated Alphabet as a "buy" with a score of B+.

This is driven by several positive factors, which can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and reasonable valuation levels. Although the company may harbor some minor weaknesses, TheStreet Ratings feels they are unlikely to have a significant impact on results.

You can view the full analysis from the report here: GOOGL

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

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