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London Metropolitan Police contract lawsuit settled

Sources (2)

Palantir and the Mayor's Office for Policing and Crime (Mopac) under London mayor Sadiq Khan have dropped their claims against each other, avoiding a High Court trial next January. A settlement is not a reinstated contract. The £50 million UOA contract remains cancelled, so this takes the heat out of a legal and reputational tail risk but is not a revenue positive.

Key evidence

  • On 14 Oct Palantir and Mopac, the office of London mayor Sadiq Khan, dropped their claims against each other, avoiding the High Court trial scheduled for next January
  • In June Palantir sued Mopac, accusing Khan of improperly obstructing, on the ground of a values mismatch, the award of the two-year, £50 million contract (UOA, the unified operational analysis system)
  • Terms of the settlement: both sides stop suing each other and skip the trial, but the £50 million contract itself remains cancelled and has not been re-awarded
  • The settlement came a month after Palantir hired former Labour deputy leader Tom Watson full time to lobby on its behalf
  • Louis Mosley, head of the UK and Europe business, has consistently framed the matter as Khan politicising procurement and putting politics above public safety
  • Together with the earlier disputes over the Met, EMSOU and the NHS, this eases but does not remove the thread of UK governance and reputational tail risk

Catalysts to watch

  • Q3 results after the close on 2 Nov: NDR, net new customers, the gap between revenue and FDE numbers, SBC share

Risks

  • The contract has not been re-awarded and does not count towards revenue
  • This remains political friction and does not move the fundamentals
  • The UK governance and reputational tail risk is eased, not removed

Sources 2

  1. Guardian, 14 Oct
  2. Bloomberg, 14 Oct

A brief is a lead for our research, not a verified conclusion or advice.