LEGAL GUIDES FOR INVESTORS
Contact Archer Aviation stock loss lawyer Timothy L. Miles about an Archer Aviation class action lawsuit
Welcome to this investor synopsis of the Archer Aviation class action lawsuit. In this synopsis, we will discuss Advance Auto Parts, its background and leadership, the lead plaintiff process in the Archer Aviation class action lawsuit, how an Archer Aviationstock loss Lawyer can help you, and more.
BACKGROUND ON ARCHER AVIATION
Headquartered in San Jose, CA, Archer Aviation, Inc. is a publicly traded firm that designs electric Vertical Take-off and Landing (eVTOL) aircraft. These eVTOL air vehicles are projected to be able to ferry passengers within and between cities in an air taxi service, with a range of up to one hundred miles and a speed of up to 150 mph.
Archer Aviation is led by its founder Adam Goldstein who has served as the company's Chief Executive Officer of Archer Aviation and a member of the Archer Aviation board of directors since October 2018. Prior to founding Archer, Mr. Goldstein founded and led Vettery from November 2012 to December 2019. Archer Aviation has a seven-member Board consisting of: Adam Goldstein; Deborah Diaz; Fred Diaz; Barbara J. Pilarski; Maria Pinelli; and Michael Spellacy. The Board has three standing committees: an Audit Committee; a Compensation Committee; and a Nominating and Corporate Governance Committee.
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.
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 Archer Aviation class action lawsuit must be filed with the court no later than November 20, 2023.
the 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 Archer Aviation class action lawsuit 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%.
THE LEAD PLAINTIFF PROCESS IN THE ARCHER AVIATION CLASS ACTION LAWSUIT
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 Archer Aviation 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.
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 an Archer Aviation class action lawsuit if you suffered losses in Archer Aviation stock.
THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE ARCHER AVIATION CLASS ACTION LAWSUIT
Serving as a Lead Plaintiff in the Archer Aviation class action lawsuit has several advantages and important benefits including:
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.
SHARES PURCHASED OUTSIDE OF THE CLASS PERIOD IN THE ARCHER AVIATION CLASS ACTION LAWSUIT
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.
LEAD PLAINTIFFS will not GET MORE MONEY THAN CLASS MEMBERS IF THE ARCHER AVIATION 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 Archer Aviation 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 Archer Aviation class action lawsuit on behalf of investors who suffered losses in Archer Aviation stock.
CAN you BE LEAD PLAINTIFF IN THE ARCHER AVIATION CLASS ACTION LAWSUIT if you are 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 Archer Aviation stock, you may move to be appointed lead plaintiff in the Archer Aviation class action lawsuit.
THE COURT can APPOINT MORE THAN ONE LEAD PLAINTIFF IN THE ARCHER AVIATION CLASS ACTION LAWSUIT
Yes, at its discretion the Court may appoint a person, entity, or group of persons and/or entities as Lead Plaintiffs to oversee the Archer Aviation class action lawsuit.
CLASS PERIOD Determination IN THE ARCHER AVIATION CLASS ACTION LAWSUIT
In a securities fraud class action, 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 Archer Aviation class action lawsuit, you must have suffered losses in Archer Aviation stock by purchasing during the class period when it is alleged the price of the stock was artificially inflated to be included in the class action against Archer Aviation.
HOW AN ARCHER AVIATION STOCK LOSS LAWYER can HELP you
An Archer Aviation 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 such as the class action against Archer Aviation. Ordinary individual investors, including civil servants, teachers, nurses, and retirees, may need a securities lawyer.
In most cases, 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. awards and recognitions, and a strong work ethic.
One name that immediately pops up is nationally known and widely respected Nashville lawyer Timothy L. Miles, who has valuable experience and has received numerous awards, mostly due to his high ethical standards, and hard work ethic, including most recently being named a Top 25 Class action lawyer by the National Trial Lawyers Association, and has maintained an AV rating from Martindale-Hubble since 2014, was named a 2023 Top Rated Litigator and 2023 Top Rated Lawyer by Martindale-Hubble and ALM, and was recently named a 2023 Elite Lawyer of the South by Martindale-Hubble for the fifth year in a row, and was a recipient of Avvo Client’s Choice Award in 2021, in 2022 was featured in the Top 100 Lawyers Magazine and received the Lifetime Achievement Award by Premier Lawyers of America (2019–2021).
This will most likely be the only call you need to make. (855) 846–6529 or [email protected].
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.
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.
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]
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