FTAI Aviation Investors Alert: Join Class Action Suit
The Rosen Law Firm, a renowned global investor rights firm, is calling attention to investors who purchased securities of FTAI Aviation Ltd. (NASDAQ: FTAI) within the period from July 23, 2024, to January 15, 2025. This announcement is urgent as investors face a critical deadline for joining the class action suit—March 18, 2025.
Understanding the Lawsuit
If you acquired securities from FTAI during the stipulated time, you may be eligible for compensation without having to pay any upfront fees, thanks to a contingency fee arrangement. The firm has already filed a class action lawsuit, and potential plaintiffs are encouraged to come forward and potentially lead the legal fight by applying to serve as lead plaintiff before the deadline.
But what does becoming a lead plaintiff entail? The lead plaintiff acts as a representative for the other class members and has a significant role in guiding the litigation process.
Why Choose the Rosen Law Firm?
Selecting the right counsel is crucial. Rosen Law Firm has proven track records and extensive experience in securities class actions and shareholder derivative lawsuits. Notably, they achieved the largest-ever securities settlement against a Chinese company and have consistently ranked among the top firms for securities class action settlements since 2013. In 2019 alone, they successfully secured over $438 million for investors. Such accolades solidify their position as a leading advocate for the investor's rights.
Case Details
The complaint alleges that throughout the class period, FTAI did not disclose critical information to its investors, including:
1. Misclassification of one-time engine sales as Maintenance Repair and Overhaul revenue.
2. Presenting complete engine sales as individual module transactions, thus inflating apparent sales and demand.
3. A misleading depreciation of unused engines, which distorted the true cost of goods sold and inflated EBITDA reporting.
As these facts became publicly known, the share prices of FTAI were affected, leading to significant losses for investors.
Next Steps for Investors
Interested investors looking to be part of this class action can do so through the following methods:
- - Visit this link: Rosen Law Firm Class Action Form
- - Call Phillip Kim, Esq. toll-free at 866-767-3653
- - Email [email protected] for further inquiries on joining the class action.
As of now, no class has been certified. This means that unless an investor chooses specific legal representation, they may not be represented in court. It is also crucial to note that participation as a lead plaintiff does not restrict a plaintiff’s potential share in recovery; all investors may benefit from any eventual settlement.
Investors are also encouraged to follow the Rosen Law Firm for updates via LinkedIn, Twitter, or Facebook to stay informed on the progress of the case.
Conclusion
The opportunity to participate in this class action offers a potential path to compensation for losses incurred due to FTAI’s alleged misleading practices. With the deadline approaching, affected investors should act swiftly to safeguard their interests and ensure that their voices are heard during this legal process. Each investor’s decision to join this lawsuit could make a significant difference in the outcome of the case.