Home Enterprise Tech Archer Aviation is seeking $1B in damages from Wisk Aero as legal...

Archer Aviation is seeking $1B in damages from Wisk Aero as legal dispute escalates

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Archer Aviation is seeking $1B in damages from Wisk Aero as legal dispute escalates

Archer Aviation is seeking $1 billion in damages from Wisk Aero, according to court docket filings Tuesday, tremendously escalating the ongoing legal battle between the 2 air taxi opponents.

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Wisk “deployed a knowingly false extra-judicial smear marketing campaign that projected stand-on my own defamatory statements about Archer to the arena,” the filing says. On this basis, Archer claims that this “smear marketing campaign” has negatively impacted its ability to catch admission to capital and has impaired business relationships, resulting in damages “more seemingly to exceed $1 billion.”

The 2 companies were locked in a heated legal battle for quite a lot of this year. The dispute began in April, when Wisk filed a suit with the U.S. District Court for the Northern District of California claiming that Archer had misappropriated its exchange secrets and ways linked to Wisk’s debut eVTOL airplane, Cora. Wisk extra alleged that a worn employee, Jing Xue, downloaded thousands of proprietary information from his work computer forward of joining Archer.

This is no longer the main time that Archer has hit assist against the accusations in court docket. First it filed a motion to dismiss the suit in early June, and later that month alleged in a separate court docket doc that Archer’s construct was correctly-established forward of Wisk’s having filed any patents with the U.S. Patent and Trademark Administrative heart.

Archer unveiled a prototype of its Maker airplane in February, the the same month that it announced (to distinguished fanfare) it was going public by a merger with smooth-examine firm Atlas Crest Investment Corp. for a pro-forma enterprise fee of $2.7 billion. Late last month Archer slashed its valuation by $1 billion in a “strategic reset” of the transaction phrases with the SPAC. Whereas this is the the same quantity Archer is seeking in damages, a firm spokesperson informed TechCrunch that is genuine coincidental.

In addition, the spokesperson added that the deliberate merger remains heading in the genuine direction. Speaking to the suit, they stated, “We haven’t any plans to fall our counter-claim irrespective of any moves Wisk may possibly well well furthermore invent.”

A Wisk spokesperson stated “Archer’s counterclaim is ludicrous and its troubles are purely self-inflicted,” and characterized the filing as “plump of distortions and distractions from the intense patent and exchange secret misappropriation claims it faces.” The spokesperson added that Wisk intends to continue its case against Archer.

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Archer Aviation is seeking $1B in damages from Wisk Aero as legal dispute escalates