#USA #New York #The Gross Law Firm #Securities Class Action #FTAI Aviation

FTAI Aviation Ltd. Under Legal Scrutiny

FTAI Aviation Ltd. (NASDAQ: FTAI) is currently facing a lawsuit related to securities law violations, a development that concerns its shareholders significantly. The Gross Law Firm has issued a formal notice urging affected shareholders to contact them by March 18, 2025, to discuss their rights in this matter.

Nature of the Allegations

The allegations revolve around FTAI's handling of its financial reporting, specifically concerning its revenue representation. According to the complaint, during the established class period from July 23, 2024, to January 15, 2025, the defendants of FTAI allegedly made materially false and misleading statements and did not disclose crucial information.

Key points from the allegations include:
1. Revenue Misreporting: It is claimed that FTAI reported one-time engine sales as part of maintenance, repair, and overhaul revenues, despite only performing limited repair work on sold engine assets.
2. Sales Presentation Misrepresentation: The company allegedly presented sales of entire engines as individual module sales, obscuring the true demand and inflating sales figures.
3. Depreciation Practices: FTAI appears to have depreciated engines not on lease, which has misleadingly decreased the reported costs of goods sold while artificially inflating the EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization).
4. Materially Misleading Statements: Due to these practices, the complaint suggests that FTAI's affirmative statements about the company’s business, operations, and future prospects were misleading and lacked a reasonable basis.

Action Steps for Shareholders

Shareholders who purchased FTAI shares within the specified timeframe should not delay in registering for this class action. The Gross Law Firm indicates that registering does not necessitate a commitment to become the lead plaintiff in this lawsuit. Instead, registering will enroll participants in a portfolio monitoring software that will keep them updated on the case's status.

The deadline for seeking lead plaintiff status is set for March 18, 2025. It’s crucial for shareholders to act promptly, ensuring all relevant information is submitted before this date to protect their interests.

Why The Gross Law Firm?

The Gross Law Firm is recognized nationally for pursuing class action lawsuits and aims to protect investors from deceitful business practices. Their mission includes ensuring companies adhere to ethical business standards and advocating for investors who have sustained losses due to misleading information, which artificially inflates stock prices.

The firm emphasizes that there is no upfront cost or obligation to shareholders who wish to participate, indicating a commitment to safeguarding the rights of investors.

For more information on registering or to discuss rights with The Gross Law Firm, interested shareholders can reach out via their official contact details.

Contact Information

The Gross Law Firm

• - Address: 15 West 38th Street, 12th Floor, New York, NY 10018
• - Email: [email protected]
• - Phone: (646) 453-8903

This lawsuit could have significant implications for FTAI Aviation Ltd. and its shareholders, especially those who are still uncertain about their legal standing amid these allegations.

Conclusion

The unfolding situation highlights the importance of transparency and accountability in corporate governance and the critical role of investors in holding firms responsible for their actions. Shareholders who might be impacted are encouraged to stay informed and act swiftly regarding their rights.