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BREAKING: FTAI Aviation Ltd. Sued For Securities Fraud; Investors Should Contact Block & Leviton
GlobeNewswire·2025-01-21 15:18

Lawsuit Overview - A securities fraud lawsuit has been filed against FTAI Aviation Ltd and certain executives, alleging materially false and/or misleading statements during the Class Period [1][2] - Shares of FTAI Aviation fell over 24% following a report by Muddy Waters Research [2] Allegations - FTAI Aviation reported one-time engine sales as Maintenance Repair & Overhaul revenue despite performing limited repair and maintenance work on the engine assets sold [2] - The company presented whole engine sales as individual module sales, overstating sales and demand [2] - FTAI Aviation depreciated engines not on lease, misleadingly lowering the reported cost of goods sold and inflating EBITDA [2] - As a result, the company's positive statements about its business, operations, and prospects were materially misleading and/or lacked a reasonable basis [2] Eligibility - Investors who purchased FTAI Aviation Ltd common stock between July 23, 2024, and January 15, 2025, and have seen their shares fall may be eligible to join the lawsuit [3] Next Steps - The deadline to seek appointment as lead plaintiff is March 18, 2025 [4] - Investors who have lost money on their investment should contact Block & Leviton to learn more about potential recovery [4] Whistleblower Information - Individuals with non-public information about FTAI Aviation Ltd may assist in the investigation or file a report with the SEC under their whistleblower program [5] - Whistleblowers who provide original information to the SEC may receive rewards of up to 30% of any successful recovery [5]