Benzinga·2025-10-31 09:34Group 1 - Palantir Technologies Inc. has filed a lawsuit against two former employees for allegedly engaging in deceit and theft to establish a rival AI firm [1][2] - The lawsuit claims that the defendants violated their non-competition agreements by working on a competing business named Percepta, backed by General Catalyst [2] - Palantir alleges that one of the former employees stole confidential documents and that both had access to critical company assets, which they misused to harm Palantir [3] Group 2 - This lawsuit is part of a broader trend of legal disputes in the tech industry regarding trade secret theft, with notable cases involving other companies like Elon Musk's xAI and Twitter [4][5] - Palantir has positioned itself as a significant player in the AI sector, securing prestigious federal contracts and being recognized by investors as a key asset amid concerns of an AI bubble [5] - The company's stock has experienced substantial growth, surging 158.74% year-to-date, closing at $194.55 [6]