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PLTR.US
id: 301, Created by Stan Vick, Scout
Palantir Technologies Inc
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D. Colorado
CourtOn May 9, 2022, Palantir (PLTR) issued Q1 2022 financial results that lost analyst estimates.
The Company explained worse results by a negative impact driven primarily by unrealized losses on marketable securities. The Company also disclosed that government revenue growth slowdown.
On this news, Palantir (PLTR) shares declined over 21% and The Company lost almost $ 4 billion of its capitalization, seriously damaging investors.
Given the nature of the news and the degree of surprise for the investment community, there is reason to suspect that Palantir's management has exceeded its authority to manage the company's cash, and may not have properly informed shareholders of all significant facts of the activity.
Alleged Offence
Mismanagement,
Failure to Disclose,
Malpractice,
Negligence,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management,
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
09 May 2022
Collecting participants…
Case history
Stan Vick
30 August 2023
$PLTR Case-related News:
Palantir Technologies Inc. shareholders have taken legal action against the company's officers and directors in Delaware's Court of Chancery. The lawsuit claims that these individuals engaged in $PLTR price manipulation by making questionable investments in special-purpose acquisition companies, leading to the sale of $2.2 billion in stock at artificially high prices.