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NEW YORK, Oct. 18, 2022 (GLOBE NEWSWIRE) — Bernstein Liebhard LLP, a nationally recognized investor rights law firm, is reminding investors of the deadline for filing a motion by lead plaintiff in a securities class action lawsuit filed on behalf of investors holding Palantir’s securities Technologies Inc. (“Palantir” or the “Company”) purchased or acquired PLTR in between November 9, 2021 and May 6, 2022, inclusive (the “Class Period”). The lawsuit was filed in the United States District Court for the District of Colorado alleging violations of the Securities Exchange Act of 1934.
Palantir develops and implements software platforms to assist the US Secret Service in counter-terrorism investigations and operations. The Company has two operating segments, Commercial and Government, with the latter primarily serving US federal and non-US government agencies. Palantir also invests in what are known as “marketable securities,” which consist of shares in publicly traded companies.
Palantir has consistently described sources of geopolitical instability and other disruptions – egarmed conflicts, economic crises and the COVID-19 pandemic – as tailwinds for its business, as the company’s products and services are said to be designed to help its customers assess and respond to such disruptions.
Plaintiff alleges that throughout the Class Period, Defendants made materially false and misleading statements. Specifically, Plaintiff alleges that Defendants failed to disclose that: (i) Palantir’s investments in marketable securities had a material adverse impact on the Company’s earnings per share (“EPS”); (ii) Palantir overdone…
Read full story here https://www.benzinga.com/pressreleases/22/10/g29299612/palantir-technologies-inc-nyse-pltr-shareholder-class-action-alert-bernstein-liebhard-llp-reminds-