Lawsuit Details - A securities fraud lawsuit has been filed against FTAI Aviation Ltd and certain executives, alleging misleading financial practices [1] - The lawsuit claims FTAI misclassified one-time engine sales as recurring maintenance revenue, inflating financial results [2] - FTAI is also accused of manipulating depreciation practices to reduce reported costs and boost earnings [2] Company Response - FTAI's audit committee is reviewing the allegations, raising investor concerns about financial reporting accuracy [3] - Following these developments, FTAI's stock price fell over 25% on January 21, 2025 [3] Investor Eligibility - Investors who purchased FTAI common stock between July 23, 2024 and January 15, 2025 and experienced losses may be eligible for the lawsuit [4] - Eligibility applies whether or not investors have sold their shares [4] Legal Actions - The deadline to seek appointment as lead plaintiff is March 18, 2025 [5] - A class has not yet been certified, and investors are not represented by an attorney until certification occurs [5] Whistleblower Information - Individuals with non-public information about FTAI may assist in the investigation or file a report with the SEC [6] - Whistleblowers providing original information to the SEC may receive rewards of up to 30% of any successful recovery [6]
BREAKING: FTAI Aviation Ltd. Down Again on Snowcap Report; Investors Should Contact Block & Leviton Regarding Securities Fraud Lawsuit