MPW - Bragar Eagel & Squire P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Archer and MPT and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, Oct. 08, 2023 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Archer Aviation, Inc. (NYSE:ACHR), and Medical Properties Trust, Inc. (NYSE:MPW). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.
Archer Aviation, Inc. (NYSE:ACHR)
Class Period: September 17, 2021 - August 15, 2023
Lead Plaintiff Deadline: November 20, 2023
The filed complaint alleges that defendants made false statements and/or concealed that: (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; ...