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

Investors who have suffered substantial losses in their investments in AeroVironment, Inc. have the opportunity to lead a securities fraud class action lawsuit against the company. The Law Offices of Howard G. Smith has announced that investors can contact them to discuss their legal rights in this matter.

The class period for the lawsuit is from June 29, 2021, to December 7, 2021, and the lead plaintiff deadline is October 30, 2023. The complaint alleges that AeroVironment failed to disclose important information to investors during this period.

According to the complaint, AeroVironment experienced a decline in sales across all of its core businesses, contrary to what was communicated to investors. The company’s projections were also found to be inaccurate, and it lacked the necessary internal controls over financial reporting to develop accurate projections. As a result, the positive statements made by the company about its business, operations, and prospects were deemed materially misleading and lacked a reasonable basis.

Investors who wish to be part of the class action need not take any action at this time. They can choose to retain their own counsel or take no action and remain an absent member of the class action.

For more information about this class action or if you have any questions regarding your rights or interests in the pending lawsuit, you can contact Howard G. Smith, Esquire, of the Law Offices of Howard G. Smith. The contact details are as follows: 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, telephone (215) 638-4847, toll-free (888) 638-4847, or email howardsmith@howardsmithlaw.com. Additional information can also be found on their website at www.howardsmithlaw.com.

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