Class Action Reports

PLTR Class Action: Learn About the Palantir Lawsuit

Levi & Korsinsky, LLP

September 21, 2022

Levi & Korsinsky, LLP announces that a PLTR class action lawsuit has been filed on behalf of investors who purchased Palantir Technologies Inc. (PLTR) securities between November 9, 2021, and May 6, 2022. For more on the PLTR Lawsuit please contact us today.

 

 

 

According to the Palantir lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) Palantir’s investments in marketable securities were having a significant negative impact on the Company’s earnings per share (“EPS”) results; (ii) Palantir overstated the sustainability of its government segment’s growth and revenues; (iii) Palantir was experiencing a significant slowdown in revenue growth, particularly among its government customers, despite ongoing global conflicts and market disruptions; (iv) as a result of all the foregoing, the Company was likely to miss consensus estimates for its first quarter 2022 EPS and second quarter 2022 sales outlook; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

 

TO LEARN MORE ABOUT THE PLTR CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Palantir you have until November 14, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

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CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com