Pomerantz Law Firm Announces the Dismissal of a Class Action Filed Against Archer Aviation, Inc. and Certain Officers - ACHR

NEW YORK, Nov. 6, 2023 /PRNewswire/ -- Pomerantz LLP announces that the class action lawsuit filed against Archer Aviation, Inc. ("Archer" or the "Company") (NYSE: ACHR) and certain of its officers, filed in the United States District Court for the Northern District of California, and docketed under 23-cv-04844, alleging violations of the Securities Exchange Act of 1934, has been voluntarily dismissed without prejudice.  Accordingly, any investor in Archer securities that wishes to pursue an action against Archer will be required to file a new complaint against the Company.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980

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SOURCE Pomerantz LLP