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Archer Aviation SPAC Deal Blasted As 'Sham' In Chancery Suit

By Jeff Montgomery (June 25, 2024, 10:31 PM EDT) -- Investors in a blank check company that took vertical takeoff-and-landing aircraft startup Archer Aviation Inc. public in 2021 have accused the venture, controlled by interests of billionaire Ken Moelis, of deceptively hyping its progress and prospects, according to a new Delaware Court of Chancery complaint....

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