#United States #New York #Levi & Korsinsky #Securities Fraud #FTAI Aviation

FTAI Aviation Ltd. Faces Class Action Lawsuit

FTAI Aviation Ltd., traded on NASDAQ under FTAI, is currently embroiled in legal turmoil as it faces a class action securities lawsuit initiated by Levi & Korsinsky, LLP. This action targets investors who have sustained losses due to alleged securities fraud that reportedly occurred from July 23, 2024, to January 15, 2025.

The Nature of the Allegations

The lawsuit centers around accusations that FTAI Aviation misrepresented its financials. Specifically, investors claim that the company engaged in misleading financial practices that artificially inflated its performance metrics.

1. Misreporting Engine Sales: The lawsuit alleges that FTAI erroneously classified one-time engine sales as maintenance revenue. This misclassification raises questions about the company’s true operational capacity, as it reportedly engages only in limited repair and maintenance on the engine assets sold.

2. Inflated Sales Reporting: Additionally, the firm purportedly misrepresented whole engine sales as module sales, leading to an exaggerated perception of sales and demand.

3. Depreciation Manipulation: Critics assert that FTAI depreciates non-leased engines misleadingly, which, in turn, lowers its reported cost of goods sold (COGS) and enhances EBITDA metrics, creating a distorted view of financial health to investors.

4. Materially Misleading Statements: These dubious practices are alleged to have remained undisclosed, causing the defendants' optimistic statements regarding the company’s operations and future prospects to lack credibility.

Legal Recourse for Investors

For investors harmed by these actions, there is a critical timeline to act. Those who suffered losses during the defined litigation period have until March 18, 2025, to request the court appoint them as lead plaintiff. However, it is important to note that participation in the recovery process does not necessitate serving as the lead plaintiff.

The law firm, Levi & Korsinsky, has assured there are no out-of-pocket costs for class members who decide to join the lawsuit. Investors will not be required to bear any legal fees unless the recovery is made, thus representing an opportunity for claimants to potentially secure compensation without financial risk.

Proven Legal Expertise

Levi & Korsinsky brings over two decades of litigation experience, having successfully recovered hundreds of millions for shareholders in similar circumstances. With over 70 dedicated professionals, the firm prides itself on its track record in complex securities litigation. Their performance has been recognized consistently, appearing among the top firms in securities litigation for seven consecutive years as noted in ISS Securities Class Action Services' Top 50 Report.

Contact Information

Investors with inquiries or those wishing to pursue a claim should not hesitate to reach out. They can contact Joseph E. Levi, Esq. at Levi & Korsinsky via email or telephone. The firm is located at:

Levi & Korsinsky, LLP
33 Whitehall Street, 17th Floor
New York, NY 10004
Email: [email protected]
Phone: (212) 363-7500

In this increasingly complex legal landscape, it is crucial for investors in FTAI Aviation to understand their rights and consider reaching out to legal experts who can provide guidance and representation.