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

Class Action Alert for FTAI Aviation Investors

Levi & Korsinsky, LLP has recently put FTAI Aviation investors on notice concerning a pending class action securities lawsuit. This alert is crucial as investors need to be aware of their rights and the impending lead plaintiff deadline on March 18, 2025. The class action aims to recover losses suffered by those who invested in FTAI Aviation Ltd. (NASDAQ: FTAI) during a specific timeframe, which spans from July 23, 2024, to January 15, 2025.

Case Background

The core of the legal action revolves around allegations of securities fraud perpetrated by the management of FTAI Aviation. It is alleged that the company misrepresented its financial standing by obscuring essential truths about its revenue reporting practices. Among the key accusations are that FTAI Aviation reported one-time engine sales as regular maintenance revenue, giving a misleading impression of its actual financial performance. Furthermore, the lawsuit claims that the company inaccurately categorized whole engine sales as individual module sales, thus inflating sales numbers and demand reports.

The allegations continue with claims that FTAI Aviation depreciated engines not under lease, misrepresenting the cost of goods sold, which in turn inflated the company's EBITDA figures. As a consequence of these actions, the defendants’ positive assertions regarding the company's business practices, operations, and future prospects were purportedly materially misleading.

What Investors Need to Know

Investors who experienced losses during the stated period have until March 18, 2025 to act. They can step forward to request the court to appoint them as lead plaintiff. It is significant to note that participating in the case does not necessitate being a lead plaintiff to be eligible for recovery.

Moreover, there are no out-of-pocket fees for investors who are members of the class action. Levi & Korsinsky emphasizes that class members might be entitled to compensation without incurring any personal costs or fees. Potential participants are encouraged to reach out for more information about their rights and the legal processes involved.

Why Choose Levi & Korsinsky?

With over two decades of experience, Levi & Korsinsky has secured hundreds of millions of dollars for shareholders afflicted by financial wrongdoings. They have a proven track record in securities litigation, consistently achieving favorable outcomes in high-stakes cases. The firm boasts a highly experienced team and has been recognized on multiple occasions for its excellence in this domain.

Next Steps

Investors wishing to learn more or interested in participating in the lawsuit can reach out to Levi & Korsinsky directly. Joseph E. Levi, Esq. is available via email at [email protected] or by telephone at (212) 363-7500. Those interested can also fill out a submission form available through the firm’s website.

Conclusion

Given the critical timeline and the potential for recovering losses, it is imperative for FTAI Aviation investors to keep informed and take prompt action. Awareness of their rights can lead to significant financial recoveries, emphasizing the importance of seeking legal guidance from professionals like Levi & Korsinsky.