Xeriant, Inc. updates ongoing litigation against XTI, seeking damages exceeding $500 million

From GlobeNewswire: 2025-01-22 20:41:49

Xeriant, Inc. provides an update on ongoing litigation against XTI Aircraft Co., seeking damages in excess of $500 million. The United States District Court for the Southern District of New York denied XTI’s motion to dismiss the claims, ordering XTI to file an Answer to the Amended Complaint. Xeriant is dedicated to advancing aerospace technology and developing disruptive technologies in advanced materials. Their eco-friendly composite panel, NEXBOARD™, aims to replace traditional construction materials. For more information, visit www.xeriant.com. Investors are cautioned about forward-looking statements and the potential impact on results. Contact [email protected] for further details.



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