Swordsmyth
01-31-2019, 04:01 PM
The Delaware Supreme Court on Tuesday gave an investor probing possible fraud and mismanagement at Palantir Technologies Inc more power to litigate against and inspect emails of the data analytics company co-founded by Silicon Valley billionaire Peter Thiel. In a 3-0 vote, the court said a lower court judge abused his discretion by preventing KT4 Partners LLC from using materials from Palantir in litigation outside Delaware, and from reviewing emails related to Palantir's investors' rights agreement.
The decision is a victory for KT4's Marc Abramowitz, who said Palantir wrongly blocked him from selling his estimated $60 million stake after a 2015 falling out with Chief Executive Alexander Karp, who had accused him of stealing the Palo Alto, California-based company's intellectual property.
Lawyers for Palantir and KT4 did not immediately respond to requests for comment.
More at: https://kfgo.com/news/articles/2019/jan/29/court-orders-palantir-to-let-investor-in-us-fraud-probe-inspect-emails/
The decision is a victory for KT4's Marc Abramowitz, who said Palantir wrongly blocked him from selling his estimated $60 million stake after a 2015 falling out with Chief Executive Alexander Karp, who had accused him of stealing the Palo Alto, California-based company's intellectual property.
Lawyers for Palantir and KT4 did not immediately respond to requests for comment.
More at: https://kfgo.com/news/articles/2019/jan/29/court-orders-palantir-to-let-investor-in-us-fraud-probe-inspect-emails/