Investigation on Behalf of Minority Shareholders of Palantir Technolgies
In mid-July 2020, Palantir filed a prospectus with the U.S. Securities and Exchange Commission (“SEC”) to launch a direct listing (the “Direct Listing”). See "Palantir Files Confidential Plans for Long-Awaited IPO," Forbes, July 2, 2020.
On November 4, 2019, Bottini & Bottini filed a class action lawsuit against The We Company. As a result of Defendants' wrongdoing, The We Company was forced to cancel its IPO and its valuation plummeted from over $47 billion to just $8 billion. Minority shareholders of the Company watched as the value of their stock and stock options was decimated. To add insult to injury, the Company then announced thousands of layoffs.
