5 FREQUENTLY ASKED QUESTIONS ABOUT THE ARCHER AVIATION CLASS ACTION LAWSUIT

Contact Archer Aviation stock loss lawyer Timothy L. Miles about an Archer Aviation class action lawsuit

INTRODUCTION TO THE ARCHER AVIATION CLASS ACTION LAWSUIT

The Archer Aviation class action lawsuit seeks to represent purchasers or acquirers of Archer Aviation, Inc. (NYSE: ACHR) securities between September 17, 2021 and August 15, 2023, inclusive (the “Class Period”).  Captioned Cenderelli v. Archer Aviation, Inc., No. 23-cv-04844 (N.D. Cal.), the Archer Aviation class action lawsuit charges Archer Aviation​ and certain of its top current and former executive officers with violations of the Securities Exchange Act of 1934.
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If you suffered losses in Archer Aviation stock and wish to serve as lead plaintiff in the Archer Aviation class action lawsuit, please ​contact Archer Aviation Loss Lawyer Timothy L. Miles by calling 855/846-6529 or via e-mail at [email protected] or by submitting a contact form. Lead plaintiff motions for the class action against Archer Aviation​ must be filed with the court no later than November 20, 2023.

Read on for answers to five frequently asked questions about the class action against Archer Aviation​.

ALLEGATIONS IN THE ARCHER AVIATION CLASS ACTION LAWSUIT

​Archer Aviation shares began publicly trading on the New York Stock Exchange in September 2021 when it entered into a business combination with Atlas Crest Investment Corp., a special purpose acquisition company (commonly known as a blank-check company or SPAC).

The Archer Aviation class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Archer Aviation relied on heavily edited videos of earlier flights to exaggerate the amount of flight testing it had actually performed and the sophistication of its electric vertical takeoff and landing (“eVTOL”) aircraft; (ii) Archer Aviation had misrepresented the nature and profitability of its business partnerships; (iii) Archer Aviation was unlikely to secure Federal Aviation Administration (“FAA”) certification in the time frame it had represented to investors, thereby delaying the start of mass production of its aircraft for commercial sales; (iv) accordingly, Archer Aviation had overstated its financial position and/or prospects; and (v) all of the above, once revealed, was likely to subject Archer Aviation to significant financial and/or reputational harm.

​The Archer Aviation class action lawsuit further alleges that on August 16, 2023, Grizzly Research released a report on Archer Aviation that alleged, among other issues, “that Archer relies on heavily edited videos of earlier flights to misrepresent the amount of flight testing [Archer Aviation] has actually performed, and to misrepresent the sophistication of Archer’s eVTOL aircraft.”  The complaint further alleges that “the report alleged that investigators who had spoken to former Archer employees, and business in close proximity to its flight-testing facilities who witness its flights, confirmed that Archer conducts far fewer flights than [Archer Aviation] has claimed.”  Finally, the Archer Aviation class action lawsuit also alleges that Archer Aviation “has misrepresented the timelines for (i) its lab and manufacturing facility in San Jose, California, becoming operational, and (ii) securing FAA certification its prototype aircraft.”  The Archer Aviation class action lawsuit alleges that on this news, the price of Archer Aviation stock fell more than 6%.

CAN A NON-U.S. INVESTOR SERVE AS LEAD PLAINTIFF IN THE ARCHER AVIATION CLASS ACTION LAWSUIT IF THEY SUFFERED LOSSES IN ARCHER AVIATION STOCK?

Yes, courts in the U.S. have consistently recognized that non-U.S. investors, many of whom have substantial holdings, are adequate lead plaintiffs and have the same right to move for lead plaintiffs as U.S. investors.  Thus, if a non-U.S. investor suffered losses in Archer Aviation stock, they may move the Court to be appointed lead plaintiff in the Archer Aviation class action lawsuit. 

WHAT IS THE LEAD PLAINTIFF PROCESS IN THE CLASS ACTION against ARCHER AVIATION?

The Private Securities Litigation Reform Act of 1995 permits any investor who purchased and suffered losses in Archer Aviation stock to seek appointment as lead plaintiff in the class action against Archer Aviation. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. 
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​A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit.  An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. If you suffered losses in Archer Aviation stock and have further questions, contact Archer Aviation stock loss Lawyer Timothy L. Miles today who would fight to recover your damages in a class action against Archer Aviation if you suffered losses in Archer Aviation stock.

IF I SUFFERED LOSSES IN ARCHER AVIATION STOCK, WHAT ARE THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE CLASS ACTION against ARCHER AVIATION?

Serving as a Lead Plaintiff in the class action against Archer Aviation has several advantages and important benefits including:

• A Lead Plaintiff is able to negotiate more competitive attorney fees and reduce other litigation costs by actively monitoring the class counsel.
• Lead Plaintiff has the benefit of being able to manage the litigation primarily by overseeing and monitoring the progress of the action and the efforts of counsel and being able to review and comment on important filings and other documents pertaining to the prosecution of the action.
• There is no financial risk in serving as a Lead Plaintiff because Lead Counsel advances all costs and expenses incurred it the prosecution of the case and will be reimbursed only if there is a successful settlement or judgment recovery on behalf of the class.
• Lead Plaintiff has the benefit of being involved and active in all negotiations relating to any settlement.
• Lead Plaintiffs that continue owning the stock of the defendant will enjoy the long-term benefits from governance reform resulting from the litigation. 

Thus, there are numerous benefits and other advantages to serving as lead plaintiff in a class action against Archer Aviation if you suffered losses in Archer Aviation​ stock. ​

CAN I BE APPOINTED LEAD PLAINTIFF IN THE ARCHER AVIATION CLASS ACTION LAWSUIT IF I PURCHASED SHARES OUTSIDE OF THE CLASS PERIOD?

No.  Even if you suffered losses in Archer Aviation stock, if you purchased securities outside of the Class period, you will not be able to participate in the Archer Aviation​​​ class action lawsuit​.

CONTACT AN ARCHER AVIATION STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN ARCHER AVIATION STOCK ABOUT A ARCHER AVIATION CLASS ACTION LAWSUIT

​If you suffered losses in Archer Aviation stock, contact Archer Aviation​ stock loss lawyer Timothy L. Miles today for a free case evaluation about an Archer Aviation class action lawsuit. Call today and see what an Archer Aviation stock loss lawyer could do for you if you suffered losses in Archer Aviation​​ stock.

Archer Aviation​ stock loss lawyer Timothy L. Miles

Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors, shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association, 6Class Action:  Class Action: Top National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM  (2019-2022); America's Most Honored Lawyers 2020; Top 1% by America's Most Honored (2020-2022).  Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more.  Please visit our website or call for free anytime.

CONTACT                                                      
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846-6529