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FTAI INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that FTAI Aviation Ltd. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
FTAI AviationFTAI Aviation(US:FTAI) GlobeNewswire News Roomยท2025-01-24 14:31

Core Viewpoint - A class action lawsuit has been filed against FTAI Aviation Ltd. for alleged violations of the Securities Exchange Act of 1934, with a focus on misleading financial statements and practices during the class period from July 23, 2024, to January 15, 2025 [1][3][4]. Group 1: Allegations and Financial Misconduct - The lawsuit claims that FTAI Aviation misrepresented one-time engine sales as Maintenance Repair & Overhaul revenue, despite only performing limited repair and maintenance work on those assets [3]. - It is alleged that FTAI Aviation presented whole engine sales as individual module sales, leading to an overstatement of sales and demand [3]. - The company reportedly depreciated engines not on lease, which misleadingly lowered the reported cost of goods sold and inflated EBITDA [3]. - A report by Muddy Waters Research accused FTAI of materially manipulating its financials, including exaggerating the size of its aftermarket aerospace business and engaging in channel stuffing [4]. Group 2: Impact on Stock and Legal Process - Following the allegations, FTAI Aviation's stock price fell by more than 24% on January 15, 2025 [4]. - Investors who purchased FTAI securities during the class period have until March 18, 2025, to seek appointment as lead plaintiff in the class action lawsuit [1][5]. - The lead plaintiff will represent the interests of all class members and can select a law firm of their choice for litigation [5]. Group 3: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud cases, having secured over $6.6 billion for investors in class action cases [6]. - The firm has been ranked 1 in securing monetary relief for investors in six out of the last ten years [6].