Securities Lawsuit Against Archer Is Dismissed
2023年10月24日 - 10:00PM
ビジネスワイヤ(英語)
Archer Aviation Inc. (NYSE: ACHR), a leader in electric vertical
takeoff and landing aircraft, announced today that the plaintiff in
the federal securities lawsuit filed against Archer on September
21, 2023 (Cenderelli v. Archer Aviation, Inc.) has chosen to
voluntarily dismiss the case. The plaintiff’s dismissal comes
shortly after Archer filed its motion to dismiss the case on
October 13, 2023.
Andy Missan, Archer’s Chief Legal Officer said, “We are very
pleased that the plaintiff has decided to dismiss the case. Archer
continues to remain focused on delivering on its mission and
creating value for shareholders.”
About Archer
Archer is designing and developing electric vertical takeoff and
landing aircraft for use in urban air mobility networks. Archer’s
mission is to unlock the skies, freeing everyone to reimagine how
they move and spend time. Archer's team is based in Santa Clara,
CA.
To learn more, visit www.archer.com.
Archer Forward Looking Statements
This press release contains forward looking statements. These
forward-looking statements are only predictions and may differ
materially from actual results due to a variety of factors,
including the possibility that unnamed class members could assert
the same or similar claims in a new complaint. The risks and
uncertainties that could cause actual results to differ from the
results predicted are more fully detailed in Archer’s filings with
the Securities and Exchange Commission, including its most recent
Annual Report on Form 10-K and Quarterly Report on Form 10-Q,
available at www.sec.gov. In addition, please note that any
forward-looking statements contained herein are based on
assumptions that Archer believes to be reasonable as of the date of
this press release. Archer undertakes no obligation to update these
statements as a result of new information or future events.
Source: Archer Text: ArcherIR
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