The Players and the Stakes
The plaintiffs — investors led by Sonal Singh and Saheem Kundapur — are represented by a powerhouse legal team including Grant & Eisenhofer, Robbins Geller Rudman & Dowd, and Bronstein Gerwitz & Grossman.
Defendants still facing claims include:
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Ken Moelis
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Moelis & Co. LLC
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Moelis & Company Group LP
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Archer Aviation Inc.
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Atlas Crest Investment LLC
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Outside directors represented by Ross Aronstam & Moritz LLP
At stake is not just reputational damage or financial fallout, but a deeper reckoning for SPAC culture and the emerging electric vertical takeoff and landing (eVTOL) industry. As the case prepares for trial, the skies remain anything but clear for Archer and its backers.
