Hyperdrive
Flying Taxi Judge Keeps Wisk-Archer Trade Secrets Case Alive
- Archer tentatively loses request to narrow Wisk’s lawsuit
- Moelis-backed SPAC recently said Archer valuation was slashed
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Archer Aviation Inc. may have no quick escape from trade-secret theft accusations by rival Wisk Aero LLC as it prepares to go public in the futuristic flying-taxi space.
A San Francisco federal judge on Wednesday tentatively rejected Archer’s request to throw out the more than 50 trade-secret claims in Wisk’s lawsuit accusing Archer of stealing its technology for electric-powered aircraft.