Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
PLTR.US
id: 301
D. Colorado
Court1:22-cv-02384
Case number11/09/2021
Class period Start05/06/2022
Class period EndOn 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.
Case Status
Motion to dismiss
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
08/23/2022
Filing date
09/15/2022