Levi & Korsinsky Alerts Shareholders of FTAI Aviation Class Action Lawsuit and Action Deadline

Class Action Lawsuit Against FTAI Aviation Ltd.

Levi & Korsinsky, LLP has recently announced a class action lawsuit involving FTAI Aviation Ltd. (NASDAQ: FTAI) aimed at protecting shareholders who may have suffered losses due to alleged securities fraud. This action is set to cover the timeframe from July 23, 2024, to January 15, 2025. The firm is urging affected investors to come forward before the deadline for appointing a lead plaintiff, which is March 18, 2025.

Details of the Allegations

The lawsuit centers around several claims against FTAI Aviation, asserting that the defendants made false statements that misled investors regarding the company’s real financial health and business operations. Specifically, the allegations include:

1. Misrepresentation of Revenue: The company reportedly categorized one-time engine sales as part of maintenance repair and overhaul revenue, despite the fact that FTAI only conducts limited repair and maintenance work.
2. Overstating Sales: FTAI allegedly presented complete engine sales as individual module sales, leading to inflated perceptions of sales and demand.
3. Misleading Financial Reporting: It is claimed the company depreciates engines that are out of lease, which unrealistically lowers the reported cost of goods sold and subsequently inflates the EBITDA figures.
4. False Assurances: Due to these practices, it’s argued that the defendants' positive public statements about the company were materially misleading and lacked reasonable foundation.

The Process for Shareholders

Shareholders who believe they have suffered losses during the specified period are encouraged to act promptly. Those interested can follow links provided by Levi & Korsinsky to get more information and participate in the proceedings without being required to incur any costs. Participating in this lawsuit not only allows investors the possibility of recovering losses but also signifies their role in holding the company accountable for its actions.

Why Choose Levi & Korsinsky

Levi & Korsinsky has a strong track record in securities litigation, having represented investors for over two decades. The firm has recovered hundreds of millions of dollars for shareholders throughout its history and is recognized as a top player in the field, according to ISS Securities Class Action Services. With over 70 dedicated professionals, Levi & Korsinsky aims to provide comprehensive support for those impacted by financial malpractice.

Investors can get in touch with Levi & Korsinsky's legal team, specifically Joseph E. Levi, Esq., via email at [email protected] or by phone at (212) 363-7500 to discuss their situation in more detail.

The opportunity to recover losses is a vital consideration for FTAI Aviation investors caught up in this situation. The involvement of a seasoned legal team like Levi & Korsinsky could be pivotal in ensuring that shareholders are not left to navigate these troubled waters alone.

Conclusion

For members of the shareholder community affected by FTAI Aviation’s alleged misconduct, the upcoming deadline for participation in this class action lawsuit represents a crucial juncture. By acting within the specified timeline, shareholders can ensure their voices are heard, and their interests defended in this potentially impactful legal battle.