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Investgiation announced for Long-Term Investors in shares of Archer Aviation Inc. (NYSE: ACHR)

02-06-2024 09:11 PM CET | Politics, Law & Society

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Archer Aviation Inc. (NYSE: ACHR) shares.

An investigation on behalf of current long term investors in Archer Aviation Inc. (NYSE: ACHR) shares.

An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Archer Aviation Inc.

Investors who are current long term investors in Archer Aviation Inc. (NYSE: ACHR) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: ACHR stocks follows a lawsuit filed against Archer Aviation Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: ACHR stocks, concerns whether certain Archer Aviation Inc. (directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that, the Defendants made materially false and misleading statements, including failing to disclose to investors that Archer Aviation Inc. relied on heavily edited videos of earlier flights to exaggerate the amount of flight testing it had performed and the sophistication of its eVTOL aircraft, that Archer Aviation Inc. had misrepresented the nature and profitability of its business partnerships, and that Archer Aviation Inc. was unlikely to secure FAA certification in the timeframe it had represented to investors

Those who purchased shares of Archer Aviation Inc. (NYSE: ACHR) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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