New Orleans – (business wire) — Charles C. Foti Jr., Esq., former Louisiana Attorney General and partner in the law firm of Kern Swick & Foti (“KSF”), announced that KSF had launched an investigation into Palantir Technologies Inc. Announced. (NYSE: PLTR).
In May 2022, the company announced dismal first quarter 2022 results and second quarter guidance, including adjusted EPS of $0.02 versus analyst expectations of $0.04 per share. Q1 government revenue growth of only 16% year-over-year, Q2 revenue forecast of just $470 million, well below the long-term revenue growth we claim .
Subsequently, the company and some of its executives were sued in a securities class action lawsuit, indicted for failure to disclose material information during the class action period, and for violations of federal securities laws, which are ongoing.
KSF’s investigation focuses on whether Palantir’s officers and/or directors have breached their fiduciary duty to shareholders or violated state or federal law.
If you have information that would be helpful to KSF’s investigation, or if you are a long-term holder of Palantir stock and would like to discuss your legal rights, please call us toll-free at 1-877 without incurring any obligation or cost. -515-1850 or email KSF Managing Her Partner Lewis Her Kahn at lewis.kahn@ksfcounsel.com or at https://www.ksfcounsel.com/cases/nyse-pltr/ Visit to learn more.
About Kahn Swick & Foti, LLC
Partnered with former Louisiana Attorney General Charles C. Foty Jr., KSF is one of the nation’s leading boutique securities litigation law firms. KSF serves a variety of clients, including public institutional investors, hedge funds, money managers and individual investors, seeking recovery of investment losses resulting from corporate fraud and fraud by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.
For more information about KSF, please visit www.ksfcounsel.com.
