AEROVIRONMENT CLASS ACTION LAWSUIT: ANSWERS TO 6 FREQUENTLY ASKED QUESTIONS

If you suffered losses in AeroVironment contact AeroVironment stock loss lawyer Timothy L. Miles about an AeroVironment lawsuit

The AeroVironment class action lawsuit seeks to represent purchasers or acquirers of AeroVironment, Inc. (NASDAQ: AVAV) securities between June 29, 2021 and December 7, 2021, inclusive (the “Class Period”).  Captioned Bissing v. AeroVironment, Inc., No. 23-cv-01160 (E.D. Va.), the AeroVironment class action lawsuit charges AeroVironment and certain of its top executive officers with violations of the Securities Exchange Act of 1934.
​
If you suffered losses in AeroVironment stock and wish to serve as lead plaintiff in the AeroVironment class action lawsuit, please ​contact AeroVironment Stock 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 AeroVironment class action lawsuit must be filed with the court no later than October 30, 2023.

​Read on for answers to six frequently asked questions in the AeroVironment class action lawsuit.

WHAT ARE THE ALLEGATIONS IN THE AEROVIRONMENT CLASS ACTION LAWSUIT?

AeroVironment designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services.

The AeroVironment class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that defendants created the false impression that they possessed reliable information pertaining to AeroVironment’s projected growth and record backlog and also minimized any risk from COVID-19, specifically explaining that AeroVironment was monitoring supply chain issues and affirmed their backlog would provide a basis for strong growth.  As a result, the AeroVironment class action lawsuit alleges that AeroVironment misled investors by providing the public with materially flawed revenue guidance for fiscal year 2022.

​The AeroVironment class action lawsuit further alleges that on December 7, 2021, AeroVironment announced second quarter 2022 financial results and reduced full year guidance for fiscal year 2022.  Specifically, the AeroVironment class action lawsuit alleges that AeroVironment blamed the reduction in guidance on “[t]he negative impact from supply chain delays, extended procurement cycles due to the global COVID-19 pandemic, slower decision making in Washington tied to Continuing Resolution related budget uncertainties and staffing shortages.”  The AeroVironment class action lawsuit alleges that on this news, the price of AeroVironment stock fell more than 27%.

IF I SUFFERED LOSSES IN AEROVIRONMENT STOCK, WHAT ARE THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE AEROVIRONMENT CLASS ACTION LAWSUIT?

Serving as a Lead Plaintiff in the AeroVironment class action lawsuit 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 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 AeroVironment class action lawsuit if you suffered losses in AeroVironment stock. ​

HOW WAS THE CLASS PERIOD DETERMINED IN THE AEROVIRONMENT CLASS ACTION LAWSUIT?

In a securities fraud class action such as the AeroVironment class action lawsuit, the class period refers to a period of time in which it is alleged the price of the company’s stock was artificially inflated due to false and misleading statements made by company executives.  The class period starts when the company makes an untrue statement of material fact about the company or fails to disclose a material fact necessary to render other statements not misleading.  The class period ends when the truth is revealed to the investing public through a corrective disclosure.  
 
In order to be a part of the class in the AeroVironment class action lawsuit, you must have suffered losses in AeroVironment stock by purchasing during the class period when it is alleged the price of the stock was artificially inflated.​

HOW CAN AN AEROVIRONMENT STOCK LOSS LAWYER HELP ME IF I SUFFERED LOSSES IN AEROVIRONMENT STOCK?

​​​​An AeroVironment stock loss Lawyer is well-versed in the complex laws that govern the securities industry and litigation and focuses on representing individual investors or funds who have been the victims of fraud or who have disputes with investment professionals. Ordinary individual investors, including civil servants, teachers, nurses, and retirees, may need a securities lawyer. In most cases, if they have lost money due to mistakes, incompetence, or fraud by an investment professional. While FINRA, the SEC, and state securities regulators serve a vital role in protecting investors, they simply have too many individuals, firms, and market transactions to monitor to discover every act of fraud or negligence. Individual investors should consult with a securities lawyer if they have lost money due to fraud or stockbroker misconduct. 

​​Look for a securities lawyer with experience, high ethical standards, verifiable credentials, and a trustworthy reputation among his peers and the judiciary, as well as testimonials from previous clients and awards and recognitions.

Call an AeroVironment stock loss Lawyer today if you suffered losses in AeroVironment ​stock about the AeroVironment class action lawsuit who will fight to recover your suffered losses in AeroVironment stock and make sure the proper steps are taken to protect your investment losses . 

IF I SUFFERED LOSSES IN SUFFERED LOSSES IN AEROVIRONMENT STOCK, WHEN CAN I EXPECT TO RECEIVE MY PAYMENT IF THE AEROVIRONMENT CLASS ACTION LAWSUIT SETTLES?

​If there is a settlement in the AeroVironment class action lawsuit, you should receive a court ordered Notice through the mail which will provide a date when the court will hold a final hearing to decide if it will approve the settlement. If your address changed, you may also find lawsuits through sites such as Consumer Action and ClassAction.org along with instructions on how to submit a claim. The Notice will instruct you what you need to do to file a claim. In some class action settlements, you are automatically submitted and need to do nothing further. However, in others, you may be required to submit more information to proceed such as documentation proving your purchase, such as a receipt or brokerage slip or other evidence that you bought or sold AeroVironment stock during the class period and suffered losses in AeroVironment stock.
 
The court will hold a final hearing in the AeroVironment class action lawsuit on a date provided in the Notice to decide whether to finally approve the settlement. If the Court finally approves the settlement, and there are no objections or appeals, settlement payments will be mailed to all Participating Class Members within a few months. However, if there are objections or appeals, resolving them can take a significant amount of time, perhaps more than a year to resolve the AeroVironment class action lawsuit. ​

IF THERE IS A SETTLEMENT IN THE AEROVIRONMENT CLASS ACTION LAWSUIT, AND I DO NOT THINK IT IS FAIR, WHAT ARE MY OPTIONS AS A CLASS MEMBER?

​If you receive a notice that the AeroVironment class action lawsuit has been settled and you do not believe the settlement is fair but do not want to opt-out and file your own lawsuit, you may object to the settlement. You may object to any part of the settlement and the Court will consider all timely filed objections in the class action against AeroVironment. The notice will contain the date when any objections must be filed and include instructions on where to send your objection and include a date for the final hearing in the AeroVironment class action lawsuit if you would like to appear and be heard by the court in the class action against AeroVironment.

CONTACT AN AEROVIRONMENT STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN AEROVIRONMENT STOCK ABOUT AN AEROVIRONMENT CLASS ACTION LAWSUIT

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

AeroVironment 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,​Class Action:  Class Action: Top 9National Trial Lawyers, National Trial Lawyers Association (2023), a superb ratedattorney 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
​Email: [email protected]