Archer Aviation announced that the plaintiff in the federal securities lawsuit filed against Archer on September 21, has chosen to voluntarily dismiss the case. The plaintiff’s dismissal comes shortly after Archer filed its motion to dismiss the case on October 13. Andy Missan, Archer’s Chief Legal Officer said, “We are very pleased that the plaintiff has decided to dismiss the case. Archer continues to remain focused on delivering on its mission and creating value for shareholders.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ACHR:
- Archer Aviation up 4% after Stellantis raises stake with 12.3M share purchase
- Cathie Wood’s ARK Investment bought 188K shares of Archer Aviation today
- Archer Aviation call volume above normal and directionally bullish
- Cathie Wood Pours Millions Into These 2 Stocks, Analysts Say They Have Strong Upside Potential — Here’s Why You Should Pay Attention
- Cathie Wood’s ARK Investment bought 164K shares of Archer Aviation today