Palantir sues former engineers over alleged information theft to start competitor: report

[Palantir Technologies]
hapabapa

* Palantir (PLTR [https://seekingalpha.com/symbol/PLTR]) sued a pair of former engineers in New York federal court on Thursday, alleging that the duo used proprietary information, source code and customer details to start a competitor, Percepta AI.
* The lawsuit [https://fingfx.thomsonreuters.com/gfx/legaldocs/gdpzjrgklpw/PALANTIR%20TECH_LAWSUIT.pdf] against defendants Radha Jain and Joanna Cohen states that they were “entrusted with Palantir’s crown jewels,” Reuters reported [https://www.reuters.com/legal/litigation/palantir-sues-engineers-who-left-form-copycat-percepta-ai-2025-10-30/].
* “Jain and Cohen hid their unfair competition—knowing that it directly violated their contractual obligations to Palantir,” the complaint reads. “Their misconduct only recently came to light after their imitation business emerged from 'stealth' mode, professing to have developed in eleven months the same product and business that took Palantir decades to develop and while Jain, its co-founder, was party to a non-competition agreement with Palantir. Palantir’s subsequent forensic investigation revealed theft of confidential documents and information, which has started to unravel the scope of Defendants’ misconduct.”
* The complaint also noted that Percepta AI, which Palantir referred to as a “copycat” version of Palantir, hired at least 10 former Palantir employees just months after it was founded.
* Palantir, Jain, Cohen and Percepta AI did not immediately respond to a request for comment from Seeking Alpha.

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