An investigation on behalf of investors in Archer Aviation Inc. (NYSE:ACHR) shares over potential wrongdoing at Archer Aviation Inc. was announced.
San Diego, CA -- (SBWIRE) -- 03/06/2023 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Archer Aviation Inc.
Investors who purchased shares of Archer Aviation Inc. (NYSE: ACHR) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Archer Aviation Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Palo Alto, CA based Archer Aviation Inc., an urban air mobility company, engages in designs, develops, manufactures, and operates electric vertical takeoff and landing aircrafts to carry passengers.
On September 16, 2021, Archer Aviation Inc. announced that it has closed its business combination with Atlas Crest Investment Corp. (NYSE: ACIC), a special purpose acquisition company. Upon the completion of the transaction, Atlas Crest changed its name to "Archer Aviation Inc." Archer's common stock and warrants commenced trading on the New York Stock Exchange ("NYSE") on September 17, 2021, under the ticker symbols "ACHR" and "ACHR WS", respectively.
Shares of Archer Aviation Inc. (NYSE: ACHR) declined to as low as $1.62 per share on December 27, 2022.
Those who purchased shares of Archer Aviation Inc. (NYSE: ACHR) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.