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-0.000129589632829327 0 -0.000719942404607616 -0.00143988480921523 0.00309575233981289 0.00590352771778263 0.0237580993520518 0.0172786177105832
Stock impact report

Archer Aviation accuses rival Vertical Aerospace of ripping off its air taxi designs [Verge, The]

Archer Aviation Inc. Class A (ACHR) 
Company Research Source: Verge, The
Look at the two air taxi designs above. Look similar? The company that designed the one on the left sure thinks so, which is why its accusing the firm that designed the one of the right of patent infringement. On Monday, Archer Aviation filed a complaint in the US District Court Eastern District of Texas accusing rival Vertical Aerospace of copying its “Midnight” aircraft design for its own “Valo” vehicle. Archer wants to block Vertical from using the allegedly copied designs, as well as several other patents the company claims have been infringed upon. “Vertical has knowingly, willfully, and in reckless disregard leveraged and exploited the substantial goodwill and reputation associated with Archer's patented designs,” the complaint reads. “Through its willful misappropriation of those rights, Vertical obtained a substantial unfair competitive advantage by foregoing and freeriding on Archer's significant investments in time and expense that contributed to Archer's highly pr Show less Read more
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