Palantir ordered to open books to investor seeking U.S. fraud probe
Tom Hals, 22 February 2018
WILMINGTON, Del. (Reuters) – Data analytics and security company Palantir Technologies Inc must open its books to early investor Marc Abramowitz, who wants to investigate possible fraud and mismanagement at the highly valued private U.S. company, a judge ruled on Thursday.
Abramowitz sued the secretive firm, known for helping the U.S. government track down al Qaeda leader Osama bin Laden, after a 2015 falling out with Alexander Karp, the company’s chief executive officer. The lawsuit alleged that Palantir wrongly barred Abramowitz and others from selling stock in the privately owned company, while permitting sales by Karp and Chairman Peter Thiel.
