Bonneau, South Carolina

October 4, 2007 - 8:29am

Nothing has yet been resolved in the suit pitting Archedyne Aerospace against Armand Rivard, president of Lake Aircraft, and investment banker George Wight. Archedyne, developer of the NauticAir 450 amphibious twinjet, is seeking the return of a $500,000 purchase deposit it claims it paid Lake Aircraft in June 1999. Most recently, the sides attempted mediation on September 21.