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

Attention FTAI Aviation Ltd. Investors

The Gross Law Firm has announced a crucial notification for shareholders of FTAI Aviation Ltd. (NASDAQ: FTAI). If you've purchased shares during the defined class period from July 23, 2024 to January 15, 2025, you may want to act quickly to secure your participation in a class action lawsuit.

What is Happening?

Shareholders who bought shares of FTAI during the specified timeframe are urged to reach out to the law firm regarding the possible appointment as lead plaintiffs. The status of lead plaintiffs is not a strict requirement for recovering any potential losses.

Allegations Summary

The allegations in the complaint explain that certain misleading statements and failures to disclose significant information occurred during the specified class period. Key points alleged include:
1. Misreporting Revenue: The company is accused of inaccurately reporting one-time engine sales as maintenance repair and overhaul revenue, despite only performing limited repairs on the sold engine assets.
2. Overstated Sales: Reports suggest that FTAI presented whole engine sales as individual module sales, inflating both sales figures and demand.
3. Depreciation Misrepresentation: The company's method for depreciating engines not under lease has misled investors regarding the reported costs, artificially lowering goods sold and inflating EBITDA figures.
4. Misleading Business Outlook: Due to these discrepancies, the positive statements made about the company’s operations and prospects lacked a reasonable basis and were materially misleading.

Important Deadlines

The deadline for shareholders who wish to be considered for lead plaintiff status is March 18, 2025. Prompt action is encouraged to register for the class action and participate in potential recovery.

Next Steps

Interested shareholders can register their information and monitor the case through a dedicated software that will provide updates throughout its progress. It’s important to note that joining the proceedings incurs no costs or obligations for shareholders.

The Role of The Gross Law Firm

The Gross Law Firm is known for its commitment to protecting investors from fraudulent practices and ensuring compliance with corporate governance. Their mission focuses on righting wrongs done to shareholders who suffer losses from misleading information issued by companies.
This law firm engages actively in bringing claims against companies that fail to uphold responsible business standards and transparency.

For further inquiries, you can reach The Gross Law Firm at:

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

If you believe you have a stake in this class action or want to understand your rights as a shareholder of FTAI Aviation Ltd., do not hesitate to make contact before the upcoming deadline and secure your potential claims.