Palantir Technologies (PLTR) has expanded its lawsuit against former engineers to include the CEO of their new company, Percepta AI, The Wall Street Journal reported.
In a court filing, Palantir alleged that Percepta CEO and co-founder Hirsh Jain and co-founder Radha Jain pursued Palantir employees for a “copycat” company that violated their nonsolicitation agreements. Radha Jain is also a part of the lawsuit, as is Joanna Cohen, according to previous reporting. The lawsuit alleges that Radha Jain and Cohen were “entrusted with Palantir’s crown jewels.”
“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 and Percepta AI did not immediately respond to a request for comment from Seeking Alpha.