NEW
YORK, Nov. 11, 2022 /PRNewswire/
-- Jakubowitz Law announces that a securities fraud class
action lawsuit has commenced on behalf of shareholders of Palantir
Technologies Inc. (NYSE: PLTR).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/palantir-technologies-inc-loss-submission-form/?id=33536&from=4
This lawsuit is on behalf of all purchasers of Class A common
stock during the period September 30,
2020 to August 5, 2022,
including purchases pursuant and/or traceable to documents used in
connection with the offer, sale, and direct listing of Palantir
Class A common stock on the New York Stock Exchange beginning on or
about September 30, 2020.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
November 14, 2022 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, Palantir Technologies Inc.
issued materially 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.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law