EVERYTHING YOU NEED TO KNOW ABOUT THE AEROVIRONMENT CLASS ACTION LAWSUIT

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.
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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.

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%.

THE LEAD PLAINTIFF PROCESS IN THE AEROVIRONMENT CLASS ACTION LAWSUIT

The Private Securities Litigation Reform Act of 1995 permits any investor who purchased and suffered losses in AeroVironment stock to seek appointment as lead plaintiff in the AeroVironment class action lawsuit​. 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 AeroVironment stock and have further questions, contact AeroVironment stock loss Lawyer Timothy L. Miles today who will fight to recover your damages in an AeroVironment lawsuit if you suffered losses in AeroVironment stock.

CAN A NON-U.S. INVESTOR SERVE AS LEAD PLAINTIFF IN THE AEROVIRONMENT CLASS ACTION LAWSUIT IF THEY SUFFERED LOSSES IN AEROVIRONMENT STOCK 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 AeroVironment stock, they may move the Court to be appointed lead plaintiff in the AeroVironment class action lawsuit. 

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 class action against AeroVironment stock if you suffered losses in AeroVironment stock. ​

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

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

CAN I BE LEAD PLAINTIFF IN THE CLASS ACTION AGAINST AEROVIRONMENT IF I AM LEAD PLAINTIFF IN ANOTHER CASE?

​Yes, unless you have been a lead plaintiff in more than five securities class actions during any three-year period which is expressly prohibited by the securities laws. Otherwise, if you suffered losses in AeroVironment stock, you may move to be appointed lead plaintiff in the AeroVironment class action lawsuit.

WILL THE LEAD PLAINTIFFS GET MORE MONEY THAN CLASS MEMBERS IF THE AEROVIRONMENT CLASS ACTION LAWSUIT SETTLES?

​​No, but they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class in the AeroVironment class action lawsuit. Under the Private Securities Litigation Reform Act of 1995, a Lead Plaintiff is only entitled to his or her pro rata share of any recovery and does not receive any additional money for serving as a representative party on behalf of the class.  However, a court, in its discretion, may approve an award of “reasonable costs and expenses (including lost wages)” to a Lead Plaintiff that directly relates to the representation of the class in the AeroVironment class action lawsuit on behalf of investors who suffered losses in AeroVironment stock. 

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 class action against AeroVironment 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. ​

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 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
​Email: [email protected]