#United States #New York #Class Action #Gross Law Firm #FTAI Aviation

Class Action Lawsuit Against FTAI Aviation Ltd.

A new class action lawsuit has been initiated against FTAI Aviation Ltd. (NASDAQ: FTAI), led by The Gross Law Firm. This action invites shareholders who acquired stock during a specified period to come forward with claims. Allegations suggest that the company failed to provide accurate information regarding its business dealings and financial representations, considerably impacting investor confidence and financial outcomes.

Details of the Allegations

The class action cites several significant misrepresentations made by FTAI that allegedly occurred between July 23, 2024, and January 15, 2025. The complaint focuses on four main accusations:

1. Misleading Revenue Reporting: FTAI is accused of reporting one-time sales of engines as maintenance and repair revenue. This is concerning because the firm primarily undertakes limited repair and maintenance, skewing the actual revenue figures presented.

2. Inflated Sales Figures: The lawsuit claims that FTAI represented whole engine sales as individual module sales. This misleading presentation led to an overstated indication of both sales and market demand for the company's products.

3. Improper Depreciation Practices: The company reportedly depreciates engines that are not leased. Such practices may lead to distorted financial statements, lowering the reported cost of goods sold while inflating earnings before interest, taxes, depreciation, and amortization (EBITDA).

4. False Positive Statements: In light of these irregularities, the complaint argues that the positive statements made regarding the company's business health and future opportunities lacked a valid foundation, ultimately misguiding investors.

Important Deadlines for Shareholders

The firm is urging affected shareholders to register for participation in the lawsuit to ensure their voices and claims are heard. The deadline to seek lead plaintiff status is set for March 18, 2025. Those interested can register by providing their information through a provided link, which also enrolls them in a portfolio monitoring service for updates on the case's developments.

Why Choose The Gross Law Firm?

The Gross Law Firm is a nationally acclaimed legal establishment dedicated to advocating for investors' rights. Its mission revolves around protecting those adversely affected by corporate misconduct, deceit, and fraudulent actions within the investment landscape. They strive to ensure responsible business practices and transparency within corporations, significantly aiding investors impacted by misleading corporate statements and actions.

By filing this lawsuit, The Gross Law Firm demonstrates its commitment to holding corporations accountable and providing a pathway for investors to recover losses incurred due to these alleged fraudulent activities.

For more information or to register, shareholders are encouraged to contact The Gross Law Firm at their New York office, ensuring they take proactive steps towards their potential recovery. Participation in this class action carries no financial obligation until a favorable outcome is achieved.

Contact Information

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: info@grosslawfirm.com
Phone: (646) 453-8903

This class action serves as a reminder to all investors about the importance of diligent scrutiny when assessing corporate disclosures and the potential ramifications of misinformation in the market.