#USA #New York #Class Action #Levi & Korsinsky #FTAI Aviation

FTAI Aviation Class Action Lawsuit Notification

Levi & Korsinsky, LLP has issued a notification to investors of FTAI Aviation Ltd. regarding a class action securities lawsuit. This alert pertains to alleged fraudulent activities that reportedly affected shareholders between July 23, 2024, and January 15, 2025, causing financial losses. Investors who believe they were impacted during this period need to be aware of the details and deadlines associated with the case.

Overview of the Lawsuit

The class action lawsuit seeks to recover losses for those who invested in FTAI Aviation Ltd., listed on NASDAQ under the ticker symbol FTAI. The allegations center on claims that the company misled its investors through false statements. Specifically, the lawsuit contends that FTAI Aviation (the “Company”) reported one-time engine sales as maintenance repair and overhaul (MRO) revenue. Furthermore, concerns have been raised about the misleading representations regarding sales numbers.

Key Allegations

The legal complaint highlights several critical issues:

1. Misrepresentation of Engine Sales: The lawsuit suggests that FTAI reported sales of entire engines as individual module sales, thereby overstating actual sales and demand. This could have had a significant effect on the company’s perceived profitability and market value.
2. Inflated EBITDA Figures: Claims have been made that the company's approach to depreciating engines not on lease has artificially lowered the reported cost of goods sold. This practice may have further inflated EBITDA figures, presenting a rosier financial picture than reality.
3. Materially Misleading Statements: Overall, the lawsuit argues that the statements made by FTAI's management regarding the company's business operations, future prospects, and financial health were misleading.

Next Steps for Investors

For investors who have suffered losses due to FTAI Aviation's actions during the specified timeframe, the deadline to act is fast approaching. Investors are urged to submit a request by March 18, 2025, to have the court appoint them as lead plaintiff, which could position them favorably in any potential recovery efforts. Importantly, participating in this class action does not require investors to be lead plaintiffs in order to qualify for any possible compensation.

No Cost to Participate

One of the compelling aspects of this lawsuit is that investors who qualify as class members will not incur any costs or fees to partake. It assures investors that there is no financial burden to engage, allowing those affected a chance for potential compensation without upfront costs.

Why Choose Levi & Korsinsky?

Levi & Korsinsky boasts a strong track record in securities litigation with two decades of experience. The firm has successfully recovered millions for shareholders facing grievances related to securities fraud. With a dedicated team exceeding 70 professionals, they are well-equipped to handle complex legal matters and advocate effectively for their clients in securities litigation.

Investors interested in further information or wishing to engage with the firm can reach Joseph E. Levi, Esq. at the contact details provided. The firm’s commitment to transparency and client advocacy is evident, ensuring that investor rights are protected.

Contact Information

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Telephone: (212) 363-7500
Fax: (212) 363-7171
Visit their website

Conclusion

The ongoing class action lawsuit against FTAI Aviation Ltd. highlights critical issues surrounding transparency and accountability in corporate governance. Investors impacted during the window of alleged fraudulent practices are encouraged to act swiftly to ensure their rights are asserted and potentially secure compensation for their losses.