Examining the AeroVironment, Inc. Class Action Lawsuit: What Investors Need to Know

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

As an investor, it is essential to be aware of any legal actions taken against a company you have invested in. The AeroVironment Class Action Lawsuit is one such case that has been making headlines in recent times. In this article, we will examine the details of the lawsuit, its impact on investors, and what steps you can take if you have suffered losses in AeroVironment stock.

Understanding class action lawsuits

Before delving into the specifics of the AeroVironment Class Action Lawsuit, it is essential to understand what class action lawsuits are. A class action lawsuit is a legal action taken against a company by a group of people who have suffered similar losses or damages due to the company's actions. In such cases, it is not feasible for each individual to file a lawsuit against the company, so they come together as a group to sue the company.

Overview of AeroVironment, Inc.

AeroVironment, Inc is an American technology company that specializes in unmanned drone systems for military and commercial use. The company was founded in 1971 and has since grown to become a leading player in the drone industry. AeroVironment's products and services are used by various government agencies, including the Department of Defense and the Department of Homeland Security.

Background of the AeroVironment Class Action Lawsuit

The AeroVironment class action lawsuit was filed in just the last two weeks and 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. Lead plaintiff motions for the AeroVironment class action lawsuit must be filed with the court no later than October 30, 2023.

Allegations against AeroVironment in the class action lawsuit

The AeroVironment class action lawsuit alleges that the company had made false and misleading statements about its business operations and financials. The lawsuit claims that AeroVironment 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. 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%.

Steps to take if you have suffered losses in AeroVironment stock

If you have suffered losses in AeroVironment stock due to the class action lawsuit, there are several steps you can take. The first step is to assess the extent of your losses and determine whether you have a viable claim against the company. You may also want to consider hiring an AeroVironment stock loss lawyer to represent you in the class action lawsuit.

Hiring an AeroVironment stock loss lawyer

If you decide to hire an AeroVironment stock loss lawyer, you should look for someone with experience in class action lawsuits and securities litigation. Your lawyer will be responsible for representing you in court and ensuring that your interests are protected. They will also be able to provide you with advice on the best course of action to take in your case. One name that pops up, is Nashville stock loss lawyer Timothy L.  Miles, who has valuable experience working on some of the largest securities class actions, and has received numerous awards, mostly to his high-ethical standards. ​

Updates and developments in the AeroVironment Class Action Lawsuit

As with any legal action, there are bound to be updates and developments in the AeroVironment Class Action Lawsuit. It is essential to stay up-to-date with any news related to the lawsuit and its progress. Your lawyer will be able to provide you with regular updates and advise you on any actions you need to take.

Conclusion and final thoughts

​The AeroVironment Class Action Lawsuit is a serious legal action that has significant implications for investors in the company. As an investor, it is essential to be aware of the lawsuit's details and its potential impact on your investments. If you have suffered losses in AeroVironment stock, it is crucial to take steps to protect your interests. Hiring an experienced AeroVironment stock loss lawyer like Timothy L. Miles can help you navigate the complex legal process and ensure that your rights are protected.

Remember, investing in the stock market always comes with some degree of risk. It is up to you to do your due diligence and stay informed about the companies you invest in. The AeroVironment Class Action Lawsuit is a reminder that even the most successful companies can face legal challenges that can have a significant impact on their investors.

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]