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FTAI INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that FTAI Aviation Ltd. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
FTAI AviationFTAI Aviation(US:FTAI) GlobeNewswire News Room·2025-01-21 21:00

Core Viewpoint - A class action lawsuit has been filed against FTAI Aviation Ltd. for alleged violations of federal securities laws, claiming that the company made materially false and misleading statements regarding its business operations and financial reporting [1][2][3]. Group 1: Lawsuit Details - The lawsuit seeks to recover damages for all individuals and entities that purchased FTAI Aviation securities between July 23, 2024, and January 15, 2025, inclusive [2]. - The Complaint alleges that FTAI Aviation misrepresented its revenue by reporting one-time engine sales as Maintenance Repair & Overhaul revenue and overstated sales and demand by presenting whole engine sales as individual module sales [3]. - It is claimed that the company’s depreciation practices for engines not on lease misleadingly lowered the reported cost of goods sold and inflated EBITDA, leading to materially misleading statements about the company's business prospects [3]. Group 2: Next Steps for Investors - Investors who suffered losses in FTAI Aviation have until March 18, 2025, to request to be appointed as lead plaintiff in the class action [4]. - The law firm representing the investors operates on a contingency fee basis, meaning they will only collect fees if the case is successful [5]. Group 3: Law Firm Background - Bronstein, Gewirtz & Grossman, LLC is a nationally recognized law firm specializing in securities fraud class actions and has recovered hundreds of millions of dollars for investors [6].