Investors Have Opportunity to Lead Securities Fraud Lawsuit Against AeroVironment, Inc.

The Law Offices of Frank R. Cruz has announced that investors who have incurred substantial losses have the opportunity to lead a securities fraud class action lawsuit against AeroVironment, Inc. The lawsuit pertains to the period between June 29, 2021, and December 7, 2021. The lead plaintiff deadline is October 30, 2023.

According to the complaint filed, it is alleged that throughout the class period, AeroVironment failed to disclose to investors certain crucial information. Firstly, the company experienced a decline in sales across all of its core businesses. Secondly, the projections provided by AeroVironment were inaccurate, and the defendants lacked the necessary internal controls over financial reporting to develop accurate projections. As a result, the positive statements made by the defendants regarding the company’s business, operations, and prospects were deemed materially misleading and/or lacked a reasonable basis.

Investors who suffered losses during the specified class period are encouraged to participate in the class action lawsuit. They can do so by clicking on the provided link in the press release. However, it is important to note that being a member of the class action does not require any immediate action. Shareholders have the option to retain counsel of their choice or take no action and remain an absent member of the class action.

For those interested in learning more about the class action or have any questions regarding their rights or interests in the pending lawsuit, they can contact Frank R. Cruz of The Law Offices of Frank R. Cruz. Contact details, including the address, phone number, and email, are provided in the press release.

Please note that this press release may be considered Attorney Advertising in some jurisdictions under applicable law and ethical rules.

For updates on the case, interested parties can follow The Law Offices of Frank R. Cruz on Twitter at twitter.com/FRC_LAW.

Source: The Law Offices of Frank R. Cruz, Los Angeles.