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AVAV.US
id: 812

AeroVironment, Inc. (AVAV) Case on Financial Misrepresentations.

E.D. Virginia
Court
1:23-cv-01160
Case number
29 Jun 2021
Class period Start
07 Dec 2021
Class period End
30 Oct 2023
Lead Plaintiff motion deadline
  • AeroVironment announced Q2 results below market estimates and reduced revenue guidance.
  • $AVAV declined 27% and lost over $570 million of its market capitalization, seriously damaging shareholders.
  • Investors suspect AeroVironment of financial misrepresentations.
On December 7, 2021, AeroVironment announced Q2 results below market estimates and reduced revenue guidance for the remainder of the fiscal year from a range of $560 million to $580 million to a range of $440 million to $460 million.

AeroVironment also lowered its EBITDA guidance from $105 million to $110 million to $59 million to $65 million.

On this news, $AVAV declined 27% and lost over $570 million of its market capitalization, seriously damaging shareholders.

Investors may have reasons to suspect AeroVironment of financial misrepresentations.
Case Status
Voluntary Dismissed
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
07 December 2021
Filing date
29 August 2023
Lead Plaintiff Deadline
30 October 2023
Collecting participants…

AeroVironment Inc

AeroVironment, Inc. designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internati...

    Ticker
    AVAV.US
    ISIN
    US0080731088
    CIK
    1368622
    Sector
    Industrials
    Industry
    Aerospace & Defense
    Country
    USA
    Address
    241 18th Street South, Arlington, VA, United States, 22202