The long-simmering lawsuit between Archedyne Aerospace and Lake Aircraft reached a resolution of sorts on June 21 when the jury in the Ninth Judicial Court of Osceola County, Fla., sided with Archedyne, finding Lake Aircraft owner Armand Rivard guilty of several fraud counts. The court awarded Dr.
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.