and Credit Suisse invested a total of $40 million in the Signac venture to develop policing software. Because Signac's profits and losses flowed through the financial statements of both Credit Suisse and Palantir, the complaint said, Signac's accounting affected both companies. Graham was Signac's chief supervisory officer for a little over a year, the filings said.
In spring 2017, Signac was working to perfect the software, Graham contended in her complaint, when executives at Credit Suisse and Palantir became upset. They had learned that the bank would have to take a significant loss in 2016 and Palantir would have to reduce its internal valuation, under software accounting rules. Those rules require companies to recognize revenues once their products have been delivered to customers and are in use.
She also alleges in her filings that she was followed when she went to an interview with another financial services firm, which she believes was done to intimidate her.
gmorgenson Gretchen hits the ground running at new job Brava!
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