FTAI Aviation Investors Have Opportunity to Lead a Securities Fraud Class Action Lawsuit Following Losses
Opportunity for Investors in FTAI Aviation Ltd.
The Law Offices of Frank R. Cruz have announced a significant opportunity for investors who have suffered losses linked to FTAI Aviation Ltd. (NASDAQ: FTAI). Following the unfortunate financial downturn experienced by many, particularly between July 23, 2024, and January 15, 2025, there is now the chance to spearhead a class-action lawsuit alleging securities fraud against the company.
Overview of Allegations
The lawsuit centers around claims that FTAI's management engaged in misleading practices concerning their financial disclosures. The issues at hand include:
1. Misrepresentation of Revenue: It’s alleged that the company improperly reported single-time engine sales under Maintenance, Repair, and Overhaul (MRO) revenue. FTAI's operations primarily involve limited repair and maintenance on the engines sold, thus questioning the integrity of their reported earnings.
2. Inflated Sales Figures: Furthermore, FTAI is accused of categorizing whole engine sales misleadingly as individual module sales, artificially inflating sales numbers and demand forecasts, thereby misguiding investors.
3. Deceptive Depreciation Practices: The complaint also points out that the company depreciates engines that are not currently leased. This accounting tactic misleadingly lowers the reported cost of goods sold, contributing to an inflated Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA).
4. Misleading Statements: As a result of these practices, the positive assertions made by FTAI regarding its business performance, operations, and future prospects are argued to be materially misleading and lack a sound foundation.
Call to Action for Investors
Investors who have faced losses during the specified timeframe are urged to take immediate action. If you suffered a loss related to investing in FTAI, you may be eligible to participate as a lead plaintiff in this ongoing securities fraud lawsuit. Interested individuals are advised to reach out before the March 18, 2025 deadline to learn more about their rights and options.
Whether or not you decide to retain counsel or remain passive as an absent member of the class action, it is important to understand your rights regarding this case.
How to Get Involved
To participate or gain additional information about this legal opportunity, contact The Law Offices of Frank R. Cruz via email at [email protected] or call 310-914-5007. Investors are encouraged to ensure they provide their mailing address, contact information, and details about the number of shares purchased when inquiring.
It’s essential for investors of FTAI to stay informed and act promptly, as this lawsuit may impact your financial recovery in the wake of these alleged discrepancies in the company's reported financial health.