Recent Security Class Actions

According to the Complaint, during the Class Period, Defendants created the false impression that they possessed reliable information pertaining to the Company’s projected growth and record backlog and also minimized any risk from COVID-19, specifically explaining they were monitoring supply chain issues and affirmed their record backlog would provide a basis for strong growth. The Complaint further alleges that Defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning procurement delays, supply chain issues, staffing shortages and possession of a record backlog, causing Plaintiff and other shareholders to purchase AeroVironment’s securities at artificially inflated prices.