SAN DIEGO, Sept. 15, 2022 (GLOBE NEWSWIRE) — Shareholder Rights Law Firm Johnson Fistula, LLP announces that a class action lawsuit has been filed on behalf of investors in Palantir Technologies Inc. (“Palantir” or the “Company”) PLTR. The Class Action is being brought on behalf of stockholders who purchased or otherwise acquired Palantir stock between November 9, 2021 and May 6, 2022, both dates inclusive (the “Class Period”). Investors are hereby notified that they have until November 14, 2022 to request the court to appear as lead plaintiff in this lawsuit.
What actions can I take at this time? If you have suffered a loss and would like to learn more about being a lead plaintiff, please contact Jim Baker (jimb@johnsonfistula.com) via email or phone at 619-814-4471. When emailing, please include your phone number.
To participate in this promotion you can click on the following link or copy and paste it into a browser:
https://www.johnsonfistel.com/investigations/palantir-technologies-class-action
There are no costs or obligations for you.
According to the Complaint, the Defendants made materially false and misleading statements about the Company’s business, operations and prospects throughout the Class Period. In particular, the defendants made false and/or misleading statements and/or failed to disclose that: (i) Palantir’s investments in marketable securities had a material adverse effect on the company’s earnings per share; (ii) Palantir has overstated the sustainability of its government segment’s growth and revenues; (iii) Palantir experienced a significant slowdown in revenue growth, particularly from its government customers, despite ongoing global conflicts and market disruptions; (iv) as a result of the foregoing, the Company was likely to miss consensus estimates for its first quarter 2022 EPS and second quarter 2022 revenue guidance; and (v) as a result, the Company’s public statements were, at all relevant times, materially false and misleading.
A Lead Plaintiff will be filed on behalf of…
