1. FTAI Aviation faces a class action lawsuit over alleged securities fraud. 2. Lawsuit claims misleading revenue reporting inflated FTAI's financial health. 3. Investors can join by March 18, 2025, with no upfront costs. 4. Levi & Korsinsky has a strong track record in shareholder litigation.
Class action lawsuits can significantly damage stock values, similar to previous cases. Notably, companies facing fraud allegations often see drops in share prices as investor confidence wanes.
The lawsuit directly impacts FTAI's perceived financial integrity, crucial for stock evaluation. Given its relevance to FTAI's operations and investor trust, this will likely influence stock performance.
Immediate investor reaction is likely to follow the lawsuit filing. Historical patterns show stocks often decline substantially in the short term following such announcements.
Levi & Korsinsky, LLP notifies investors in FTAI Aviation Ltd. ("FTAI Aviation" or the "Company") (NASDAQ: FTAI) of a class action securities lawsuit.
The lawsuit seeks to recover losses on behalf of FTAI Aviation investors who were adversely affected by alleged securities fraud between July 23, 2024 and January 15, 2025. Follow the link below to get more information and be contacted by a member of our team:
https://zlk.com/pslra-1/ftai-aviation-ltd-lawsuit-submission-form?prid=133501&wire=4
FTAI investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
The filed complaint alleges that defendants made false statements and/or concealed that: (1) the Company reported one-time engine sales as maintenance repair & overhaul revenue when FTAI only performs limited repair and maintenance work on the engine assets sold; (2) FTAI presents whole engine sales as individual module sales, thereby overstating sales and demand; (3) the Company depreciates engines that are not on lease, which misleadingly lowers the reported cost of goods sold and inflates EBITDA; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
If you suffered a loss in FTAI Aviation during the relevant time frame, you have until March 18, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com