Investors Urged to Act: Important Class Action Notice for FTAI Aviation Shareholders
FTAI Aviation Class Action Update
In a significant alert for investors of FTAI Aviation Ltd. (NasdaqGS FTAI), Kahn Swick & Foti, LLC (KSF), led by former Louisiana Attorney General Charles C. Foti, Jr., has reminded shareholders that the deadline to file lead plaintiff applications in a securities class action lawsuit is approaching fast. Investors who have incurred losses exceeding $100,000 by purchasing FTAI securities between July 23, 2024 and January 15, 2025 are particularly urged to review their legal options. The deadline for filing is set for March 18, 2025.
Understanding the Lawsuit
The lawsuit, currently pending in the United States District Court for the Southern District of New York, involves allegations against FTAI and certain executives for failure to disclose crucial information during the aforementioned Class Period. Notably, reports from Muddy Waters Research on January 15, 2025, highlighted serious concerns about the company's financial practices, including claims that FTAI may have exaggerated the scale of its aftermarket aerospace business and misleadingly represented engine sales.
With the release of these claims, FTAI's stock plunged over 24%, closing at $116.08 per share on January 15, 2025, amidst abnormally high trading activity. Such dramatic stock movements raise critical questions about the company's disclosures and the accuracy of its financial reporting during the Class Period.
Key Steps for Affected Investors
For those shareholders considering their involvement in the class action, it’s vital to act swiftly. Investors can reach out to KSF Managing Partner Lewis Kahn at 1-877-515-1850 or via email at [email protected] For additional information on rights and claims, investors can also visit the KSF website, specifically the FTAI case page at https//www.ksfcounsel.com/cases/nasdaqgs-ftai/. This is an essential step for anyone looking to assert their rights in the legal proceedings.
It’s crucial to note that acting as a lead plaintiff is not just about recovering losses but also plays a significant role in shaping the direction of the lawsuit. Those interested must submit their petition to the court by the specified deadline.
About Kahn Swick & Foti, LLC
Kahn Swick & Foti, LLC is recognized as one of the top boutique securities litigation law firms in the nation. With expertise spanning various sectors, KSF represents a diverse clientele including public institutional investors and retail investors seeking redress for investment losses due to corporate misconduct. With multiple offices across states such as New York and California, KSF continues to advocate vigorously for investors across the nation.
As this lawsuit develops, it remains crucial for investors to stay informed and proactive regarding their stakes in FTAI Aviation. The upcoming months leading to the deadline will be pivotal for all affected shareholders.
It is imperative for those with significant investment losses to engage with KSF to ensure their voices are heard in the legal process. Be part of this significant movement to hold corporations accountable for their actions and safeguard your investments.