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Court Approves $5.5M Fee Award For Palantir Tech Settlement

Law 360

A Palantir Technologies Inc. shareholder who alleged that its founders created a special class of stock to secure permanent company control won court approval Tuesday of a settlement that will implement corporate reforms, award him $5,000 and net $5.5 million for attorney fees and expenses.

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Palantir, Stockholders Settle Dispute Over 'Magical' Stock

Law 360

Investors in software and analytics company Palantir Technologies Inc. have agreed to settle a Delaware Chancery Court class suit accusing the company's founders of deploying variable voting-power stock to control the business in a deal that includes a $5.5 million fee for class attorneys.