Archer Aviation promotes Eric Lentell to Chief Legal & Strategy Officer; class action partially dismissed

Archer Aviation Inc.

Eric Lentell promoted to Chief Legal & Strategy Officer; Aaron Goodman appointed General Counsel and Corporate Secretary.
Delaware Chancery Court partially grants motions to dismiss in stockholder class action; claims against CEO Adam Goldstein dismissed.
Court narrows fiduciary duty and unjust enrichment claims against remaining defendants; company intends to vigorously defend.
Company believes litigation will not have significant impact on its business.

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