Press release
Lawsuit filed for Investors in shares of Palantir Technologies Inc. (NYSE: PLTR) over alleged Violations of Securities Laws
A lawsuit was filed on behalf of investors in Palantir Technologies Inc. (NYSE: PLTR) shares.
Investors who purchased shares of Palantir Technologies Inc. (NYSE: PLTR) have certain options and for certain investors are short and strict deadlines running. Deadline: November 14, 2022. NYSE: PLTR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
Denver, CO based Palantir Technologies Inc. builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. Palantir Technologies Inc has two operating segments, commercial and government, with the latter primarily serving agencies in the U.S. federal government and non-U.S. governments. Palantir Technologies Inc also invests in so-called "marketable securities" consisting of equity securities in publicly-traded companies.
Palantir Technologies Inc has consistently described sources of geopolitical instability and other disruptions-e.g., armed conflicts, economic crises, and the COVID-19 pandemic-as tailwinds for its business, given that the Company's products and services are purportedly built to aid its customers in assessing and responding to such disruptions.
On May 9, 2022, Palantir Technologies Inc. released its first quarter 2022 financial results, announcing an adjusted earnings per share of $0.02, compared to analyst estimates of $0.04 per share, which "include[d] a negative $0.02 impact driven primarily by unrealized losses on marketable securities." Palantir Technologies Inc. also disclosed that government revenue had grown by only 16% year-over-year.
The plaintiff claims that between November 9, 2021 and May 6, 2022, the Defendants made false and/or misleading statements and/or failed to disclose that Palantir's investments in marketable securities were having a significant negative impact on the Company's earnings per share ("EPS") results, that Palantir overstated the sustainability of its government segment's growth and revenues, that Palantir was experiencing a significant slowdown in revenue growth, particularly among its government customers, despite ongoing global conflicts and market disruptions, that as a result of all the foregoing, the Company was likely to miss consensus estimates for its first quarter 2022 ("Q1") EPS and second quarter 2022 ("Q2") sales outlook, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Palantir Technologies Inc. (NYSE: PLTR) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Lawsuit filed for Investors in shares of Palantir Technologies Inc. (NYSE: PLTR) over alleged Violations of Securities Laws here
News-ID: 2744730 • Views: …
More Releases from Shareholders Foundation
ALERT: Lawsuit filed for Investors who SOLD shares of Sina Corporation (formerly …
An investor, who sold shares of Sina Corporation (formerly NASDAQ: SINA) in the merger between Seina Corporation and TuSimple Holdings, Inc, filed a lawsuit over alleged violations of Federal Securities Laws by Sina Corporation (formerly NASDAQ: SINA in connection with certain allegedly false and misleading statements made.
If you sold a significant amount of shares of Sina Corporation (formerly NASDAQ: SINA) between October 13, 2020 and March 22, 2021, you have…
Lawsuit Alert: Investors who lost money with shares of Fluor Corporation (NYSE: …
An investor, who purchased shares of Fluor Corporation (NYSE: FLR), filed a lawsuit alleged violations of Federal Securities Laws by Fluor Corporation in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Fluor Corporation (NYSE: FLR) have certain options and for certain investors are short and strict deadlines running. Deadline: November 14, 2025. NYSE: FLR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779…
Investigation announced for Long-Term Investors in shares of Sable Offshore Corp …
An investigation was announced for long-term investors in shares of Sable Offshore Corp. (NYSE: SOC) concerning potential breaches of fiduciary duties by certain directors of Sable Offshore Corp.
Investors who are current long term investors in Sable Offshore Corp. (NYSE: SOC) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in…
Lawsuit filed for Investors who lost money with shares of Lantheus Holdings, Inc …
An investor, who purchased shares of Lantheus Holdings, Inc. (NASDAQ: LNTH), filed a lawsuit over alleged violations of Federal Securities Laws by Lantheus Holdings, Inc. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Lantheus Holdings, Inc. (NASDAQ: LNTH) have certain options and for certain investors are short and strict deadlines running. Deadline: November 10, 2025. NASDAQ: LNTH investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com…
More Releases for Palantir
Predictive Disease Analytics Market Is Booming So Rapidly | Tempus, Verily, Pala …
The Global Predictive Disease Analytics Market Size is estimated at $3.5 Billion in 2025 and is forecast to register an annual growth rate (CAGR) of 21.4% to reach $20 Billion by 2034.
The latest study released on the Global Predictive Disease Analytics Market by USD Analytics Market evaluates market size, trend, and forecast to 2034. The Predictive Disease Analytics market study covers significant research data and proofs to be a handy…
Financial Forecasting Market Growth, Size, Trends, Shares, By Top Players, with …
Global Financial Forecasting Market reached US$ 8.7 Billion in 2023 and is expected to reach US$ 21.1 Billion by 2031, growing with a CAGR of 11.7% during the forecast period 2024-2031.
The Financial Forecasting market report provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition.…
Healthcare Cognitive Computing Market Is Booming Worldwide with Microsoft, Apixi …
Healthcare Cognitive Computing Market latest research report added by USD Analytics. The Healthcare Cognitive Computing Market Study has been segmented by key a region that is accelerating the marketization. The report is a great blend of qualitative and quantitative market data that was gathered and evaluated mostly through primary data and secondary sources. This also provides the scope of different segments and applications that can potentially influence the marketplace in…
AI for Surveillance and Security Market shows Incredible Growth | IBM, Palantir, …
The newly published in-depth research report by Infinity Business Insights is titled ""AI for Surveillance and Security Market Insights, Expanding up to 2030."" This extensive publication comprises over 110+ pages and features an engaging presentation with visually appealing tables and charts that are intuitive and easy to understand. Major players in the market include IBM, Palantir, Cisco, Axis Communication, Hanwha Techwin, Panasonic, Bosch, Hikvision, Huawei, Dahua, ZTE.
Request for a FREE…
Big Software Market to See Booming Growth | Oracle, Broadcom, Palantir
The latest study released on the Global Big Software Market by AMA Research evaluates market size, trend, and forecast to 2027. The Big Software market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in…
Big Data Platform market 2026- Palantir, Cisco, Accenture, IBM, Micro Focus
Latest Big Data Platform Market Research Report
The research report focuses on target groups of customers to help players to effectively market their products and achieve strong sales in the global Big Data Platform market. It someone useful and relevant market information as per the business needs of players.
Feature are provided with validated and authorize market forecast figures such as CAGR, revenue, production, consumption, and market share. Our straight market data…
