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Cenderelli v. Archer Aviation, Inc. et al
Case Number:
3:23-cv-04844
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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October 24, 2023
Electric Aircraft Co. Investor Drops Flight Test Suit
An Archer Aviation Inc. investor has agreed to dismiss a proposed class action alleging the electric aircraft maker and some of its brass misrepresented certain fundamentals of its business, including how much it had tested its aircraft, hurting investors when publication of a short-seller's report nudged down its trading prices.
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October 17, 2023
Aircraft Co. Wants Investor's 'Shoot-First' Suit Downed
An aircraft manufacturer has urged a California federal judge to toss a suit alleging it "heavily edited" videos of its flights to exaggerate the amount of flight testing it had performed and the quality and sophistication of its aircraft, arguing that the suit "does not even attempt to comply" with the requirements for asserting claims under the Private Securities Litigation Reform Act.
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September 22, 2023
Aircraft Co. Misled Investors With Flight Test Videos, Suit Says
An investor of an aircraft manufacturer has filed suit in California federal court alleging the company "heavily edited" videos of its flights to exaggerate the amount of flight testing it had performed and the quality and sophistication of its aircraft, leading to a stock drop after the truth was revealed.