{"id":692032,"date":"2022-10-04T13:01:19","date_gmt":"2022-10-04T17:01:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/berger-montague-reminds-investors-of-a-securities-fraud-action-against-palantir-technologies-inc-nyse-pltr-lead-plaintiff-deadline-is-november-14-2022\/"},"modified":"2022-10-04T13:01:19","modified_gmt":"2022-10-04T17:01:19","slug":"berger-montague-reminds-investors-of-a-securities-fraud-action-against-palantir-technologies-inc-nyse-pltr-lead-plaintiff-deadline-is-november-14-2022","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/berger-montague-reminds-investors-of-a-securities-fraud-action-against-palantir-technologies-inc-nyse-pltr-lead-plaintiff-deadline-is-november-14-2022\/","title":{"rendered":"Berger Montague Reminds Investors Of A Securities Fraud Action Against Palantir Technologies Inc. (NYSE: PLTR); Lead Plaintiff Deadline is November 14, 2022"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">PHILADELPHIA<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Oct. 4, 2022<\/span><\/span> \/PRNewswire\/ &#8212;\u00a0<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3667172-1&amp;h=1049102933&amp;u=https%3A%2F%2Fbergermontague.com%2F&amp;a=Berger+Montague\" target=\"_blank\" rel=\"nofollow noopener\"><span class=\"xn-person\">Berger Montague<\/span><\/a> reminds investors that a securities fraud class action lawsuit has been filed against Palantir Technologies Inc. (&#8220;Palantir&#8221;) (NYSE: PLTR) on behalf of those who purchased Palantir securities between securities between <b><i><span class=\"xn-chron\">November 9, 2021<\/span> and <span class=\"xn-chron\">May 6, 2022<\/span>, <\/i><\/b>inclusive\u00a0(the &#8220;Class Period&#8221;).<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1850875\/BM_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1850875\/BM_Logo.jpg\" title=\"Berger Montague Logo (PRNewsfoto\/Berger Montague)\" alt=\"Berger Montague Logo (PRNewsfoto\/Berger Montague)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<div id=\"divReleaseHighlightf26e\" style=\"border-top: 1px solid;border-bottom: 1px solid;border-color: Gray;color: gray;width: 200px;float: left;margin: 5px 10px 5px 10px;text-align: justify\">Berger Montague Reminds Investors Of A Securities Fraud Action Against Palantir Technologies Inc.<\/div>\n<p>\n        <b><br \/>\n          <i>Investor Deadline:\u00a0 Investors who purchased or acquired Palantir securities<\/i><br \/>\n        <\/b>\u00a0<b><i>during the Class Period may, no later than <span class=\"xn-chron\">November 14, 2022<\/span>, seek to be appointed as a lead plaintiff representative of the class.\u00a0 For additional information or to learn how to participate in this litigation, please contact <span class=\"xn-person\">Berger Montague<\/span>:<\/i><\/b>\u00a0James Maro at <a href=\"mailto:jmaro@bm.net\" target=\"_blank\" rel=\"nofollow noopener\">jmaro@bm.net<\/a>\u00a0or (215) 875-3093, or <span class=\"xn-person\">Andrew Abramowitz<\/span> at <a href=\"mailto:aabramowitz@bm.net\" target=\"_blank\" rel=\"nofollow noopener\">aabramowitz@bm.net<\/a>\u00a0or (215) 875-3015 or visit: <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3667172-1&amp;h=3478575054&amp;u=https%3A%2F%2Finvestigations.bergermontague.com%2Fpalantir-technologies-inc%2F&amp;a=https%3A%2F%2Finvestigations.bergermontague.com%2Fpalantir-technologies-inc%2F\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/investigations.bergermontague.com\/palantir-technologies-inc\/<\/a>\u00a0<\/p>\n<p>According to the complaint, on <span class=\"xn-chron\">May 9, 2022<\/span>, Palantir issued a press release announcing its first quarter financial results and guidance for the second quarter. Palantir disclosed that government revenue grew by only 16% year-over-year for the first quarter, representing a significant slowdown in revenue growth compared to prior quarters, and that, for the second quarter, Palantir expected <span class=\"xn-money\">$470 million<\/span> in sales, compared to estimates of <span class=\"xn-money\">$483.76 million<\/span>.\u00a0<\/p>\n<p>Following this news, Palantir&#8217;s stock price fell <span class=\"xn-money\">$2.02<\/span> per share, or over 21%, to close at <span class=\"xn-money\">$7.46<\/span> per share on <span class=\"xn-chron\">May 9, 2022<\/span>.<\/p>\n<p>The complaint alleges that, throughout the Class Period, the defendants made false and\/or misleading statements and\/or failed to disclose that: (i) Palantir&#8217;s investments in marketable securities were having a significant negative impact on the Palantir&#8217;s earnings per share (&#8220;EPS&#8221;) results; (ii) Palantir overstated the sustainability of its government segment&#8217;s growth and revenues; (iii) Palantir was experiencing a significant slowdown in revenue growth, particularly among its government customers, despite ongoing global conflicts and market disruptions; (iv) as a result of all the foregoing, Palantir was likely to miss consensus estimates for its first quarter 2022 EPS and second quarter 2022 sales outlook; and (v) as a result, the Palantir&#8217;s public statements were materially false and misleading at all relevant times.<\/p>\n<p>\n        <b>Whistleblowers:\u00a0<\/b>Anyone with non-public information regarding Palantir is encouraged to confidentially assist <span class=\"xn-person\">Berger Montague&#8217;s<\/span> investigation or take advantage of the SEC Whistleblower program. Under this program, whistleblowers who provide original information may receive rewards totaling up to thirty percent (30%) of recoveries obtained by the SEC. For more information, contact us.<\/p>\n<p>\n        <span class=\"xn-person\">Berger Montague<\/span>, with offices in <span class=\"xn-location\">Philadelphia<\/span>, <span class=\"xn-location\">Minneapolis<\/span>, <span class=\"xn-location\">Washington, D.C.<\/span>, and <span class=\"xn-location\">San Diego<\/span>, has been a pioneer in securities class action litigation since its founding in 1970. <span class=\"xn-person\">Berger Montague<\/span> has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout <span class=\"xn-location\">the United States<\/span>.<\/p>\n<p>Contacts:<br \/><span class=\"xn-person\">James Maro<\/span>, Senior Counsel<br \/><span class=\"xn-person\">Berger Montague<\/span><br \/>(215) 875-3093<br \/><a href=\"mailto:jmaro@bm.net\" target=\"_blank\" rel=\"nofollow noopener\">jmaro@bm.net<\/a>\u00a0<\/p>\n<p>\n        <span class=\"xn-person\">Andrew Abramowitz<\/span>, Senior Counsel<br \/><span class=\"xn-person\">Berger Montague<\/span><br \/>(215) 875-3015<br \/><a href=\"mailto:aabramowitz@bm.net\" target=\"_blank\" rel=\"nofollow noopener\">aabramowitz@bm.net<\/a>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC92498&amp;sd=2022-10-04\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/berger-montague-reminds-investors-of-a-securities-fraud-action-against-palantir-technologies-inc-nyse-pltr-lead-plaintiff-deadline-is-november-14-2022-301640393.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/berger-montague-reminds-investors-of-a-securities-fraud-action-against-palantir-technologies-inc-nyse-pltr-lead-plaintiff-deadline-is-november-14-2022-301640393.html<\/a><\/p>\n<p>SOURCE  <span class=\"xn-person\">Berger Montague<\/span><\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DC92498&amp;Transmission_Id=202210041256PR_NEWS_USPR_____DC92498&amp;DateId=20221004\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire PHILADELPHIA , Oct. 4, 2022 \/PRNewswire\/ &#8212;\u00a0Berger Montague reminds investors that a securities fraud class action lawsuit has been filed against Palantir Technologies Inc. (&#8220;Palantir&#8221;) (NYSE: PLTR) on behalf of those who purchased Palantir securities between securities between November 9, 2021 and May 6, 2022, inclusive\u00a0(the &#8220;Class Period&#8221;). Berger Montague Reminds Investors Of A Securities Fraud Action Against Palantir Technologies Inc. Investor Deadline:\u00a0 Investors who purchased or acquired Palantir securities \u00a0during the Class Period may, no later than November 14, 2022, seek to be appointed as a lead plaintiff representative of the class.\u00a0 For additional information or to learn how to participate in this litigation, please contact Berger Montague:\u00a0James Maro at jmaro@bm.net\u00a0or (215) 875-3093, or Andrew Abramowitz at &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/berger-montague-reminds-investors-of-a-securities-fraud-action-against-palantir-technologies-inc-nyse-pltr-lead-plaintiff-deadline-is-november-14-2022\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Berger Montague Reminds Investors Of A Securities Fraud Action Against Palantir Technologies Inc. (NYSE: PLTR); Lead Plaintiff Deadline is November 14, 2022&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-692032","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Berger Montague Reminds Investors Of A Securities Fraud Action Against Palantir Technologies Inc. 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Investor Deadline:\u00a0 Investors who purchased or acquired Palantir securities \u00a0during the Class Period may, no later than November 14, 2022, seek to be appointed as a lead plaintiff representative of the class.\u00a0 For additional information or to learn how to participate in this litigation, please contact Berger Montague:\u00a0James Maro at jmaro@bm.net\u00a0or (215) 875-3093, or Andrew Abramowitz at &hellip; Continue reading &quot;Berger Montague Reminds Investors Of A Securities Fraud Action Against Palantir Technologies Inc. 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(&#8220;Palantir&#8221;) (NYSE: PLTR) on behalf of those who purchased Palantir securities between securities between November 9, 2021 and May 6, 2022, inclusive\u00a0(the &#8220;Class Period&#8221;). Berger Montague Reminds Investors Of A Securities Fraud Action Against Palantir Technologies Inc. Investor Deadline:\u00a0 Investors who purchased or acquired Palantir securities \u00a0during the Class Period may, no later than November 14, 2022, seek to be appointed as a lead plaintiff representative of the class.\u00a0 For additional information or to learn how to participate in this litigation, please contact Berger Montague:\u00a0James Maro at jmaro@bm.net\u00a0or (215) 875-3093, or Andrew Abramowitz at &hellip; Continue reading \"Berger Montague Reminds Investors Of A Securities Fraud Action Against Palantir Technologies Inc. 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