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Technology,
Securities,
Civil Litigation

Dec. 9, 2020

Family dispute over Palantir investments escalates

In a countersuit against Disruptive Technology Associates founder Alexander Davis, Kenneth Rickel alleged he was cheated out of at least $50 million through a series of shell companies created for illegally reinvesting money he claimed belongs to him.

A dispute over substantial payouts from early investments in Palantir Technologies Inc. escalated when veteran Los Angeles investor Kenneth Rickel sued his stepson for allegedly reneging on a settlement that he argued entitles him to a share of all of proceeds from the investment bank that he cofounded.

In a countersuit filed Monday against Disruptive Technology Associates founder Alexander Davis, Rickel alleged he was cheated ou...

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