Securities Fraud Class Action Lawsuit Filed Against FTAI Aviation Ltd. to Protect Investors

Class Action Lawsuit against FTAI Aviation Ltd.

On January 31, 2025, Kessler Topaz Meltzer & Check, LLP announced the initiation of a securities fraud class action lawsuit against FTAI Aviation Ltd. (NASDAQ: FTAI). This legal action has been taken on behalf of investors who acquired FTAI securities between July 23, 2024, and January 15, 2025, which is the designated 'Class Period.' The deadline for potential lead plaintiffs to step forward is scheduled for March 18, 2025.

Allegations of Misconduct

The complaint filed alleges that the defendants made materially false and misleading statements throughout the Class Period. Furthermore, it is claimed that they omitted to disclose critical adverse facts concerning the company's business practices, operations, and outlook. Specific misrepresentations include:

1. Misreported Engine Sales: FTAI allegedly reported one-time engine sales as revenue from Maintenance Repair Overhaul (MRO), even though the company engages in limited repair and maintenance on these sold engine assets.
2. Sales Reporting: The company purportedly presented whole engine sales as individual module sales, artificially inflating both sales figures and perceived demand for their products.
3. Depreciation Methods: FTAI reportedly depreciates engines that are not currently leased, which misleadingly reduces the stated cost of goods sold and raises EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization).
4. Misleading Positive Statements: Due to these practices, the positive affirmations made by the defendants regarding the company's business viability and future could be considered materially misleading and unfounded.

Steps for Potential Lead Plaintiffs

Investors who acquired shares in FTAI during the affected time frame may designate themselves as lead plaintiffs representative of the class. This is crucial for those wishing to direct litigation efforts through Kessler Topaz Meltzer & Check, LLP, or alternative legal counsel. Becoming a lead plaintiff means taking on the responsibility of guiding the lawsuit and representing the interests of the wider group of affected investors.

Typically, the lead plaintiff will be an individual or group of investors who holds the largest financial stake in the company relative to their losses.

By March 18, 2025, interested parties must decide to either advocate for themselves or remain absent from the proceedings. It’s essential to note that the potential for recovery by all investors is not dependent on an individual's choice to act as a lead plaintiff.

Contact Information

Kessler Topaz Meltzer & Check, LLP invites FTAI investors suffering substantial losses to reach out for more detailed information about the ongoing legal proceedings. Investors can visit their website or contact attorney Jonathan Naji, who can provide assistance regarding the lawsuit and potential participation pathways.

For more information or to sign up for the case, visit www.ktmc.com.

About Kessler Topaz Meltzer & Check, LLP

With a strong expertise in managing class actions in various state and federal jurisdictions, Kessler Topaz Meltzer & Check, LLP is recognized nationally and globally for their commitment to investor protection and recovery from fraud. Their legal efforts have successfully reclaimed billions for victims impacted by corporate misconduct over the years, affirming their mission to safeguard the interests of investors and consumers alike.

Should you need more details regarding this lawsuit or wish to discuss your situation, don’t hesitate to reach out to Kessler Topaz Meltzer & Check, LLP. Their experience and dedication could be invaluable in pursuing your rights as an investor.