US EditionPlanemaker will ‘vigorously defend against’ hedge fund’s $9M lawsuit - BusinessDen
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Planemaker will ‘vigorously defend against’ hedge fund’s $9M lawsuit - BusinessDen
A rendering of the TriFan 600 being developed by XTI Aerospace. (Instagram) A company operating near the Centennial Airport that has spent the past dozen years designing an airplane that takes off like a helicopter must now contend with a $9 million lawsuit from a lender. XTI Aerospace, which is publicly traded, denies owing money to Auctus, a small Boston hedge fund, and told shareholders May 19 that its finances are stable and improving. “We i…
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