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2021-08-11

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Air taxi maker Archer seeks $1 billion in damages from Boeing-backed rival

CHICAGO, Aug 11 (Reuters) - Flying taxi developer Archer Aviation is seeking $1 billion in damages f

Air taxi maker Archer seeks $1 billion in damages from Boeing-backed rival

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Pablo322
·2021-08-11
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Flying taxi developer Archer Aviation is seeking $1 billion in damages f","content":"<p>CHICAGO, Aug 11 (Reuters) - Flying taxi developer Archer Aviation is seeking $1 billion in damages from Wisk Aero, a rival backed by Boeing and Google co-founder Larry Page's Kitty Hawk Corp, according to a court filing, raising the stakes in a heated legal dispute.</p>\n<p>The two have been embroiled in litigation since earlier this year when Wisk accused Archer, whose investors include United Airlines, of stealing trade secrets involving electric Vertical Take-Off and Landing (eVTOL) aircraft.</p>\n<p>Archer countersued and said in a filing late Tuesday that it intends to \"hold Wisk accountable for its false and malicious extra-judicial smear campaign that has caused substantial damage to Archer, likely to exceed $1 billion.\"</p>\n<p>Wisk did not immediately respond to a request for comment.</p>\n<p>Archer plans to commercially launch its first electric flying taxi \"Maker\" in 2024, one of an increasing number of investors and aviation companies piling into the competitive but yet-to-be-approved urban air mobility space.</p>\n<p>\"Filing a lawsuit does not give Wisk a free pass to make false and damaging statements outside of the judicial process, and yet that is exactly what Wisk has been doing,\" a company spokesperson said.</p>\n<p>He said Archer would continue to seek damages even if Wisk drops its claims.</p>\n<p>Wisk's initial lawsuit was filed in April, two months after Archer announced plans to go public through a $3.8 billion merger with Atlas Crest Investment Corp, a special purpose acquisition company.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Air taxi maker Archer seeks $1 billion in damages from Boeing-backed rival</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAir taxi maker Archer seeks $1 billion in damages from Boeing-backed rival\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-11 20:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/air-taxi-maker-archer-seeks-120819817.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CHICAGO, Aug 11 (Reuters) - Flying taxi developer Archer Aviation is seeking $1 billion in damages from Wisk Aero, a rival backed by Boeing and Google co-founder Larry Page's Kitty Hawk Corp, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/air-taxi-maker-archer-seeks-120819817.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BA":"波音"},"source_url":"https://finance.yahoo.com/news/air-taxi-maker-archer-seeks-120819817.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106414647","content_text":"CHICAGO, Aug 11 (Reuters) - Flying taxi developer Archer Aviation is seeking $1 billion in damages from Wisk Aero, a rival backed by Boeing and Google co-founder Larry Page's Kitty Hawk Corp, according to a court filing, raising the stakes in a heated legal dispute.\nThe two have been embroiled in litigation since earlier this year when Wisk accused Archer, whose investors include United Airlines, of stealing trade secrets involving electric Vertical Take-Off and Landing (eVTOL) aircraft.\nArcher countersued and said in a filing late Tuesday that it intends to \"hold Wisk accountable for its false and malicious extra-judicial smear campaign that has caused substantial damage to Archer, likely to exceed $1 billion.\"\nWisk did not immediately respond to a request for comment.\nArcher plans to commercially launch its first electric flying taxi \"Maker\" in 2024, one of an increasing number of investors and aviation companies piling into the competitive but yet-to-be-approved urban air mobility space.\n\"Filing a lawsuit does not give Wisk a free pass to make false and damaging statements outside of the judicial process, and yet that is exactly what Wisk has been doing,\" a company spokesperson said.\nHe said Archer would continue to seek damages even if Wisk drops its claims.\nWisk's initial lawsuit was filed in April, two months after Archer announced plans to go public through a $3.8 billion merger with Atlas Crest Investment Corp, a special purpose acquisition company.","news_type":1,"symbols_score_info":{"BA":0.9}},"isVote":1,"tweetType":1,"viewCount":3251,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":7,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":5494808,"commentId":"5494808","gmtCreate":1628684431802,"gmtModify":1663232228427,"authorId":3581831068583799,"author":{"id":3581831068583799,"idStr":"3581831068583799","authorId":3581831068583799,"name":"Pablo322","avatar":"https://community-static.tradeup.com/news/f23ff3fe48f5954b0d26789031f9a74f","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892460163,"objectIdStr":"892460163","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<u>nice</u>","text":"<u>nice</u>","html":"<u>nice</u>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0,"disclaimerType":0}],"hasMoreComment":true,"orderType":2}