Denver’s Palantir sued three times by disgruntled shareholders

This article first appeared on BusinessDen.com, a BizWest news partner.

Palantir Technologies, the Denver-based software and analytics company, has been sued by shareholders three times this fall for allegedly inflating its stock price by falsely claiming that global instability would lead to large profits.

The trio of class-action lawsuits, all filed in Denver federal court, allege that Palantir’s executives “lined their pockets” to the tune of $2.2 billion through the sale of stock “at fraud-inflated prices” in the year before the company’s stock price fell 84 percent.

Palantir did not respond to requests for comment about the lawsuits.

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