SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Archer Aviation Inc. and Encourages Investors with Losses to Contact the Firm
News provided byACCESSWIRE
Sep 18, 2023, 7:10 AM ET
LOS ANGELES, CA / ACCESSWIRE / September 18, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Archer Aviation Inc. ("Archer" or "the Company") (NYSE:ACHR) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Archer is the subject of a report published by Grizzly Research on August 15, 2023. According to the report, Archer used heavily edited videos to misrepresent the actual amount of test flights its eVTOL aircraft had engaged in. The report states, "Our investigators visited ACHR's flight testing facilities in early August 2022 and late July 2023. Neighboring businesses and former employees reported seeing only a handful of flights conducted solely for special events, far fewer than the company's statements claimed." Based on this news, shares of Archer fell by more than 7% in intraday trading on August 16, 2023.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
SOURCE: The Schall Law Firm
View source version on accesswire.com:
NOTE: This content is not written by or endorsed by "KXAN", its advertisers, or Nexstar Media Inc.