litigation
confidence high
sentiment neutral
materiality 0.60
Palantir reaches settlement in Class F stock litigation; governance amendments proposed
Palantir Technologies Inc.
- Settlement resolves class action over Palantir's Class F common stock governance structure; defendants deny any wrongdoing.
- Palantir will amend its bylaws and propose certificate of incorporation amendments; effective after special stockholder meeting.
- Plaintiffs' attorneys' fees and expenses to be paid as approved by Delaware Court of Chancery.
- Class defined as holders of Palantir common stock from Aug 19, 2020 through judgment date; no direct payment to class.