Peter Thiel Beats Insider Trading Case Over SPAC Deal Spree (1)

Peter Thiel and Palantir Technologies Inc.'s other founders prevailed in court against claims they conspired to earn billions on insider trades tied to a spree of doomed startup acquisitions.

A Delaware judge threw out a pension fund’s lawsuit against Thiel, company president Stephen Cohen, CEO Alex Karp, and other members of Palantir’s board, which Thiel chairs. The judge rejected allegations that they took the analytics business public—and drove it to invest hundreds of millions in blank-check companies—as part of a wide-ranging scheme to create and inflate a secondary market for their stock options.

Although Thiel and the others ...