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-0.000870180018491307 -0.000788600641757665 -0.000543862511557047 -0.000815793767335648 -0.000815793767335648 -0.00103333877195844 -0.00163158753467114 -0.00163158753467114
Stock impact report

Palantir Stock Is Falling -- The Lawsuit Is a Growing Pain [Yahoo! Finance]

Palantir Technologies Inc. - Class A (PLTR) 
Company Research Source: Yahoo! Finance
The lawsuit claims Hirsh Jain, Radha Jain, and Joanna Cohen violated non-solicitation agreements by recruiting Palantir executives and developers to join Percepta, while allegedly misappropriating sensitive company information. Is PLTR fairly valued? Test your thesis with our free DCF calculator. Palantir described the actions as a breach of trust involving proprietary source code, customer workflows, and engagement strategies. Percepta denied using any confidential material, calling the case baseless and accusing Palantir of misrepresenting comments out of context. The startup said it intends to compete through innovation rather than taking Palantir's intellectual property. Cohen and Radha Jain, formerly senior engineers, agreed to pause work at Percepta during proceedings. Hirsh Jain, who left Palantir in August 2024, is accused of orchestrating a campaign to hire at least ten former employees. Palantir seeks the return of any confidential information and asks the court t Show less Read more
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