#United States #Kessler Topaz #Radnor, PA #Securities Fraud #FTAI Aviation

Class Action Lawsuit Announced for FTAI Aviation Ltd. Investors

On February 5, 2025, Kessler Topaz Meltzer & Check, LLP, a prominent law firm known for its work in class action lawsuits, announced a new securities class action lawsuit against FTAI Aviation Ltd. This legal proceeding is designed for individuals who purchased or acquired securities from FTAI between July 23, 2024, and January 15, 2025, a period now referred to as the 'Class Period.' Investors are being urged to act swiftly, as the deadline to seek the appointment as a lead plaintiff is set for March 18, 2025.

Key Allegations

The lawsuit's complaint outlines potentially serious misconduct by FTAI's management. It accuses the company of making false and misleading statements while failing to disclose crucial negative information about its business operations. Some of the specific allegations include:

1. Misreporting Revenue: FTAI allegedly reported one-time engine sales under the category of Maintenance Repair Overhaul revenue while performing only minimal maintenance on these engine assets.

2. Inflated Sales Figures: The company is accused of misrepresenting whole engine sales as individual module sales, thus inflating both sales figures and perceived demand.

3. Misleading Cost Reporting: FTAI reportedly depreciated engines that were not leased, which misleadingly reduced the reported cost of goods sold and artificially inflated EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization).

4. Ineffective Business Communication: As a consequence of these actions, the positive statements made by FTAI regarding its operations, prospects, and overall business condition were deemed materially misleading and lacked a solid basis for substantiation.

Lead Plaintiff Process

Investors who have suffered losses during the specified Class Period may step forward to be appointed as the lead plaintiff by contacting Kessler Topaz Meltzer & Check, LLP or selecting alternative legal counsel. The lead plaintiff role entails representing all class members in directing the litigation process. Generally, this responsibility falls to the individual or group of individuals who have experienced the largest financial losses, ensuring they are representative of the broader class.

Choosing to serve as a lead plaintiff, or opting to remain an absent member of the class, will not impact one’s ability to share in any financial recovery from the lawsuit's outcome.

Contact Information

Kessler Topaz Meltzer & Check, LLP encourages impacted FTAI investors to reach out for additional information. They can do so by following the link provided in the announcement or contacting attorney Jonathan Naji directly at (484) 270-1453 or via email at jnaji@ktmc.com.

About Kessler Topaz Meltzer & Check, LLP

Founded on principles of protecting the interests of investors and consumers, Kessler Topaz Meltzer & Check, LLP is a leader in prosecuting class actions across the legal landscape, recovering significant sums for victims of corporate misconduct. Its commitment to justice serves to not only safeguard the rights of these affected individuals but also to promote accountability among businesses.

For more information about the firm and the case specifics, potential plaintiffs are encouraged to visit their website at www.ktmc.com. Understanding your rights in such cases is crucial in navigating the complexities of securities litigation, and this announcement represents a critical opportunity for those affected by the alleged actions of FTAI Aviation Ltd.