Investors of FTAI Aviation Ltd. Urged to Join Class Action Suit Against Alleged Fraud
In light of recent developments, investors of FTAI Aviation Ltd. (NASDAQ: FTAI) are being invited to participate in a class action lawsuit initiated by Levi & Korsinsky, LLP. This legal action aims to address substantial financial losses attributed to alleged deceptive practices within the company.
The lawsuit centers around claims of alleged securities fraud that transpired between July 23, 2024, and January 15, 2025. During this period, it is asserted that FTAI Aviation misrepresented critical financial information, thereby misleading investors about the company's real performance and projections. The class action seeks to recover losses for all affected investors.
The filed complaint points out several misleading practices by the company's executives:
1. Misreported Revenue: FTAI allegedly categorized one-time engine sales erroneously as revenue from maintenance, repair, and overhaul, misrepresenting the nature of its operations and services.
2. Inflated Sales Figures: The company is accused of representing the sale of entire engines as though they were individual module sales, leading to an overstatement of actual sales figures and market demand.
3. Misleading Depreciation Practices: It’s claimed that FTAI mismanaged its accounting of engine depreciation for non-leased engines, resulting in lower reported costs of goods sold and inflated EBITDA.
4. Misleading Statements: Overall, the positive claims made by defendants regarding the company’s business health were significantly misleading or lacked a factual basis, creating an inaccurate image of FTAI’s market position and potential.
Investors who have experienced losses during the specified timeframe are encouraged to seek involvement in the class action suit. Importantly, they have until March 18, 2025, to request their appointment as the lead plaintiff if they choose to pursue that route. However, participating does not necessitate one to take on the lead plaintiff role as any losses can still be compensated.
One of the substantial advantages for class members is that they can potentially receive compensation without incurring any out-of-pocket costs or obligations. Levi & Korsinsky emphasizes that this legal pursuit entails no upfront fees, making participation accessible to affected investors.
With over two decades of experience, the legal team at Levi & Korsinsky has successfully secured millions for aggrieved shareholders, positioning the firm as a leader in handling complex securities litigation. The firm boasts a robust team of over 70 professionals, providing dedicated service to its clients and has been consistently recognized in the top tier of securities litigation firms across the nation.
For further details and to understand your rights as an investor, you can reach out to Levi & Korsinsky through their New York office:
Joseph E. Levi, Esq.
Levi & Korsinsky, LLP
33 Whitehall Street, 17th Floor
New York, NY 10004
Email: [email protected]
Phone: (212) 363-7500
In conclusion, if you are among those impacted by the alleged fraudulent activities of FTAI Aviation Ltd., now is the time to take action and potentially recover your losses through this class-action lawsuit. Don’t miss your chance to stand up for your rights as an investor.
Background of the Lawsuit
The lawsuit centers around claims of alleged securities fraud that transpired between July 23, 2024, and January 15, 2025. During this period, it is asserted that FTAI Aviation misrepresented critical financial information, thereby misleading investors about the company's real performance and projections. The class action seeks to recover losses for all affected investors.
Key Allegations
The filed complaint points out several misleading practices by the company's executives:
1. Misreported Revenue: FTAI allegedly categorized one-time engine sales erroneously as revenue from maintenance, repair, and overhaul, misrepresenting the nature of its operations and services.
2. Inflated Sales Figures: The company is accused of representing the sale of entire engines as though they were individual module sales, leading to an overstatement of actual sales figures and market demand.
3. Misleading Depreciation Practices: It’s claimed that FTAI mismanaged its accounting of engine depreciation for non-leased engines, resulting in lower reported costs of goods sold and inflated EBITDA.
4. Misleading Statements: Overall, the positive claims made by defendants regarding the company’s business health were significantly misleading or lacked a factual basis, creating an inaccurate image of FTAI’s market position and potential.
Next Steps for Investors
Investors who have experienced losses during the specified timeframe are encouraged to seek involvement in the class action suit. Importantly, they have until March 18, 2025, to request their appointment as the lead plaintiff if they choose to pursue that route. However, participating does not necessitate one to take on the lead plaintiff role as any losses can still be compensated.
No Cost of Participation
One of the substantial advantages for class members is that they can potentially receive compensation without incurring any out-of-pocket costs or obligations. Levi & Korsinsky emphasizes that this legal pursuit entails no upfront fees, making participation accessible to affected investors.
Why Choose Levi & Korsinsky?
With over two decades of experience, the legal team at Levi & Korsinsky has successfully secured millions for aggrieved shareholders, positioning the firm as a leader in handling complex securities litigation. The firm boasts a robust team of over 70 professionals, providing dedicated service to its clients and has been consistently recognized in the top tier of securities litigation firms across the nation.
Contact Information
For further details and to understand your rights as an investor, you can reach out to Levi & Korsinsky through their New York office:
Joseph E. Levi, Esq.
Levi & Korsinsky, LLP
33 Whitehall Street, 17th Floor
New York, NY 10004
Email: [email protected]
Phone: (212) 363-7500
In conclusion, if you are among those impacted by the alleged fraudulent activities of FTAI Aviation Ltd., now is the time to take action and potentially recover your losses through this class-action lawsuit. Don’t miss your chance to stand up for your rights as an investor.
Topics Financial Services & Investing）
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