Shareholder Class Action Lawsuit Filed on Behalf of Archer Aviation, Inc. (ACHR) Investors – Nationally Ranked Investors’ Rights Firm Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm
ATLANTA, Sept. 22, 2023 (GLOBE NEWSWIRE) — Holzer & Holzer, LLC informs investors that a shareholder class action lawsuit has been filed against Archer Aviation, Inc. (“Archer” or “the Company”) (NYSE: ACHR). The lawsuit alleges Archer made false or misleading statements and/or omitted material adverse information regarding the Company’s business, operations, and prospects, including: (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; and (v) all of the foregoing, once revealed, was likely to subject the Company to significant financial and/or reputational harm.
If you bought shares of Archer between September 17, 2021 and August 15, 2023, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at [email protected] or Joshua Karr, Esq. at [email protected], by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at www.holzerlaw.com/case/archer/ to learn more.
The deadline to ask the court to be appointed lead plaintiff in the case is November 20, 2023.
Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021 and 2022, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.
Corey Holzer, Esq.
(888) 508-6832 (toll-free)