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NEW YORK, Nov. 08, 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, who have between purchased or acquired the common stock of Palantir Technologies Inc. (“Palantir” or the “Company”) (NYSE: PLTR). September 27, 2020 and August 5, 2022, including (the “Class Period”), including purchases pursuant to and/or attributable to the Registration Statement and Prospectus used in connection with the offering, sale and direct listing of Palantir Class A Common Stock on the New York Stock Exchange, beginning on or about September 30, 2020 (the “Offering”). The lawsuit was filed in the United States District Court for the District of Colorado alleging violations of the Securities Act of 1933 and 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.

The plaintiff alleges that the defendants essentially …