Archer Aviation faces lawsuit over eVTOL aircraft misrepresentation By | eVTOL

Discover things to do and places to see world wide!

© Reuters.

NEW YORK – Archer Aviation Inc. (NYSE: ACHR), a company specializing in electric vertical takeoff and landing (eVTOL) aircraft, is currently embroiled in a legal battle over allegations of securities law violations. The accusations, brought forth by Bernstein Liebhard LLP, include misrepresenting business partnerships and inflating the capabilities of its eVTOL aircraft.

The lawsuit, filed by Peter Allocco of Bernstein Liebhard LLP, spans activities between September 17, 2021, and August 15, 2023. It alleges that Archer Aviation misled investors about its flight testing procedures, the operational readiness of its facilities, and the potential for securing necessary Federal Aviation Administration (FAA) certification. This legal action follows a critical report from Grizzly Research on August 16, 2023, accusing the company of exaggerating its flight testing…

 read more

We use income earning auto affiliate links. More on Sponsored links.

> Cheap Flights and Hotels!
Several ways to buy cheap airline tickets.
- Start searching at least 2 months in advance and sign up for email alerts so you'll always be notified when flight prices drop.
- Budget airlines typically offer the cheapest flights.
- Save money by taking your flight early in the morning or late at night.
- Consider flying on a weekday instead of a weekend.
- Use an aggregator site to compare prices across airlines.
- Once you have found the best trip, select it on the aggregator site and move to the airline’s direct website to book your tickets. Some aggregators allow you to book the ticket through their website, but there may be an additional service fee.
  1. Discover amazing things to do on your vacation! with Viator – A Tripadvisor Company
  2. Save up to 50% on advance bookings with Viator – A Tripadvisor Company
  3. Roam the world Viator helps you explore the world, right from home, with our Roam From Home series of tours and activities
Flights, Hotels, Cars.