NEW YORK, Dec. 18, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Palantir Technologies Inc. ("Palantir" or the "Company") (NYSE: PLTR). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Palantir and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On December 1, 2023, William Blair analyst Louie DiPalma published a note speculating on the future of a four-year, $458 million U.S. Army contract which is set to expire. Citing a recent U.S. Army presentation, DiPalma wrote that there is "strong indication that Palantir's renewal contract in two weeks will be significantly less than the original $458 million."
Following publication of DiPalma's note, Palantir's stock price fell $1.87 per share, or 9.23%, to close at $18.40 per share on December 4, 2023.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980
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SOURCE Pomerantz LLP
