ACCESS Newswire
21 Sep 2022, 21:31 GMT+10
LOS ANGELES, CA / ACCESSWIRE / September 21, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Palantir Technologies Inc. ('Palantir' or 'the Company') (NYSE:PLTR) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between November 9, 2021 and May 6, 2022, inclusive (the ''Class Period''), are encouraged to contact the firm before November 14, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Palantir's earnings per share ('EPS') results suffered due to the Company's investments in marketable securities. The Company overstated the growth and sustainability prospects of its government business. The Company suffered from a marked slowdown in revenue growth despite ongoing global conflicts. The Company was likely to miss consensus estimates of EPS for the first quarter of 2022. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Palantir, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]
SOURCE: The Schall Law Firm
Get a daily dose of Raleigh Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Raleigh Times.
More InformationNEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...
Vancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...
The U.S. mega-bill would add about 3.3 trillion dollars of deficit in the next decade, higher than the 2.8 trillion dollars of deficit...
Washington [US], July 1 (ANI): US President Donald Trump on Tuesday (local time) reiterated his opposition to electric vehicle (EV)...
Birmingham [UK], July 1 (ANI): Ahead of England's second Test against India at Birmingham, England skipper Ben Stokes spoke on express...
Washington [US], June 30 (ANI): Tech billionaire Elon Musk strongly criticised President Trump's 'big, beautiful bill,' calling it...
GOP leaders are determined to advance Trump's signature agenda. But the bill's complexity, internal party fractures and Democratic...
London [UK], June 28 (ANI): ECB managing director of men's cricket, Rob Key, dropped a subtle hint about tearaway Jofra Archer's return...