The law office of Frank R. Cruz

The law office of Frank R. Cruz


LOS ANGELES, Nov. 14, 2022 (GLOBE NEWSWIRE) — The law office of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders in the following public companies. Investors have until the deadlines listed below to file a lead plaintiff filing.

Investors who experience losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email at [email protected].

Palantir Technologies Inc. (NYSE: PLTR)
Class Period: February 16, 2021 – May 6, 2022
Deadline for lead plaintiff: November 14, 2022

Investors with losses greater than $300,000 are encouraged to contact the company

The Complaint filed in this Class Action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations and prospects. Specifically, the defendants failed to disclose to investors that: (1) Palantir’s investments in marketable securities had a material negative impact on the company’s EPS results; (2) Palantir has overstated the sustainability of its government segment’s growth and revenues; (3) Palantir experienced a significant slowdown in revenue growth, particularly from its government customers, despite ongoing global conflicts and market disruptions; (4) as a result of the foregoing, the Company is expected to miss consensus estimates for its Q1 and Q2 revenue guidance; and (5) as a result, the defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and/or lacking a reasonable basis at all relevant times.

If you are a Palantir Technologies shareholder who has suffered a loss, click here take part.

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