On April 4, 2025, Judge Gordon P. Gallagher of the United States District Court for the District of Colorado dismissed with prejudice a putative class action asserting claims under the Securities Act of 1933 and the Securities Exchange Act of 1934 against a software company and certain of its executives. Cupat v. Palantir Techs., Inc., No. No. 22-cv-02384, slip op. (D. Colo. Apr. 4, 2025), ECF No. 123. Plaintiffs alleged that the company engaged in a scheme to inflate its stock price by touting its sales of software to related companies and made misrepresentations regarding its financial performance…
Source: Colorado District Court Dismisses Putative Class Action Against Software Company For Failing To Adequately Allege Scienter Or Traceability To Offering Documents