SAN DIEGO, May 01, 2023 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announced an update in the lawsuit that is pending for certain investors in shares of Palantir Technologies Inc. (NYSE: PLTR).
Investors, who purchased Palantir Technologies Inc. (NYSE: PLTR) shares prior to November 2021 and continue to hold any of those NYSE: PLTR shares, have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On September 15, 2022, a lawsuit was filed against Palantir Technologies Inc. over alleged securities laws violations. The plaintiff alleged that 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.
On February 10, 2023, a consolidated Complaint was filed.
Those who Palantir Technologies Inc. (NYSE: PLTR) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
