Xeriant, Inc. Upholds Claims Against XTI Aircraft Co. in Court Victory

Xeriant, Inc. (OTCQB: XERI), a pioneering aerospace technology company, has scored a significant victory in its ongoing litigation against XTI Aircraft Co. ("XTI"), a wholly-owned subsidiary of XTI Aerospace Inc. (Nasdaq: XTIA). On January 14, 2025, the United States District Court for the Southern District of New York denied XTI's motion to dismiss all of Xeriant's claims, paving the way for Xeriant to proceed with its lawsuit.

XTI had sought to dismiss all claims except for breach of contract, but the court agreed with Xeriant's position that its claims were validly alleged and denied XTI's arguments in their entirety. The court has ordered XTI to file an Answer to the Amended Complaint, and Xeriant intends to proceed with discovery.

Xeriant's claims against XTI include intentional fraudulent conduct, fraudulent concealment, breach of contract, quantum meruit, unjust enrichment, unfair competition, and misappropriation of confidential information. The company seeks damages in excess of $500 million, alleging that XTI engaged in fraudulent conduct and misappropriated Xeriant's confidential information over a period of time.

This court decision is a significant milestone for Xeriant, as it validates the company's claims and opens the door for potential damages recovery. The outcome of this litigation could have a substantial impact on Xeriant's stock valuation, as a successful resolution could result in a significant financial windfall for the company.

Moreover, the court's decision sends a strong signal to the market that Xeriant's claims have merit and are likely to proceed. This could attract more investors to Xeriant's stock, further driving up its valuation. Additionally, the potential for a large damage award could make Xeriant an attractive acquisition target for other companies in the aerospace and advanced materials sectors, further enhancing the company's stock valuation.

In conclusion, Xeriant's court victory in its litigation against XTI Aircraft Co. is a significant development for the company, as it validates its claims and opens the door for potential damages recovery. This decision has the potential to significantly impact Xeriant's stock valuation and attract more investors to the company. As Xeriant continues to pursue its strategic mission in the advanced materials and aerospace sectors, this litigation aligns with the company's long-term growth prospects and commitment to protecting its intellectual property and contractual obligations.