NEW
YORK, Oct. 17, 2023 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of Archer
Aviation Inc..
Shareholders who purchased shares of ACHR during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/archer-loss-submission-form/?id=51778&from=4
CLASS PERIOD: September 17,
2021 to August 15, 2023
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially false and/or
misleading statements and/or failed to disclose that: (i) the
Company relied on heavily edited videos of earlier flights to
exaggerate the amount of flight testing it had actually performed
and the sophistication of its eVTOL aircraft; (ii) the Company had
misrepresented the nature and profitability of its business
partnerships, (iii) the Company was unlikely to secure FAA
certification in the timeframe it had represented to investors,
thereby delaying the start of mass production of its aircraft for
commercial sales; (iv) accordingly, the Company had overstated its
financial position and/or prospects; (v) all of the foregoing, once
revealed, was likely to subject the Company to significant
financial and/or reputational harm; and (vi) as a result, the
Company's public statements were materially false and misleading at
all relevant times.
DEADLINE: November 20, 2023
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/archer-loss-submission-form/?id=51778&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of ACHR during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is November 20, 2023. There is no
cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm