ACHR - Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Archer Aviation Inc. (ACHR) | Benzinga

NEW YORK, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of all persons or entities who purchased or otherwise acquired Archer Aviation, Inc. ("Archer Aviation" or the "Company") (NYSE:ACHR) securities between September 17, 2021 and August 15, 2023, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

The Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company relied on heavily edited videos of earlier flights ...

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