#United States #New York #Class Action #Levi & Korsinsky #FTAI Aviation

Legal Alert: Class Action Lawsuit Against FTAI Aviation Ltd.

Levi & Korsinsky, LLP, a well-regarded law firm specializing in securities litigation, has officially notified investors in FTAI Aviation Ltd. (NASDAQ: FTAI) about an impending class action lawsuit. The action pertains to claims of alleged securities fraud that occurred between July 23, 2024, and January 15, 2025. This situation demands careful attention from affected shareholders.

Class Action Explained

A class action lawsuit allows individuals who have suffered similar harm to come together and collectively bring a case against a defendant. In this instance, the lawsuit seeks to recover losses for investors who may have been misled by inaccuracies in FTAI Aviation's public disclosures during the specified period.

Allegations Against FTAI Aviation

The core of the lawsuit revolves around serious allegations concerning financial misrepresentation:
1. Misclassified Revenues: It is alleged that FTAI Aviation reported one-time engine sales as income derived from maintenance, repair, and overhaul activities. This creates a misleading picture of the company’s financial health, suggesting a more stable revenue stream than what exists.
2. Overstated Sales Figures: The firm also claims FTAI misrepresented engine sales as individual module sales, thus inflating both sales figures and presumed demand.
3. Questionable Depreciation Practices: FTAI is accused of depreciating engines not currently under lease, leading to a distorted view of profitability as it misleadingly lowers the cost of goods sold and inflates EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization).
4. Misleading Business Outlook: As a consequence of the aforementioned points, the lawsuit contends that positive statements from the defendants regarding the company’s prospects lacked a reasonable basis, thus misleading investors.

What Investors Should Do

FTAI Aviation investors who experienced losses during the noted timeframe have until March 18, 2025, to request the court to appoint them as lead plaintiff in the class action suit. It is important to note that merely participating does not require one to be a lead plaintiff, and individuals can still benefit from any financial recovery.

No Financial Obligation

There is no out-of-pocket cost for those who qualify as class members. Participants in the lawsuit may receive compensation without having to pay any legal fees upfront, making this a low-risk opportunity for impacted investors.

The Reputation of Levi & Korsinsky

Levi & Korsinsky has established a solid reputation in securities litigation over its 20-year history, securing hundreds of millions for shareholders. The firm prides itself on its expertise and has been recognized multiple times as one of the top securities litigation firms in the United States by ISS Securities Class Action Services.

Contact Information

Individuals seeking more information or wishing to participate in the lawsuit can reach out to Joseph E. Levi, Esq. via email at email protected] or by phone at (212) 363-7500. Additional details regarding the class action can be found by following this [link.

Be vigilant and informed as developments unfold surrounding this class action that has significant implications for FTAI aviation investors.