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PLTR.US
id: 301
D. Colorado
Court
1:22-cv-02384
Case number
On 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…

Palantir Technologies Inc

Palantir Technologies Inc. builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom,...

    Ticker
    PLTR.US
    ISIN
    US69608A1088
    CIK
    1321655
    Sector
    Technology
    Industry
    Software - Infrastructure
    Country
    USA
    Address
    1200 17th Street, Denver, CO, United States, 80202