Core Viewpoint - A class action lawsuit has been filed against FTAI Aviation Ltd. for allegedly misleading investors by manipulating financial statements during the period from July 23, 2024, to January 15, 2025 [1][2]. Allegations - The complaint outlines several key allegations against FTAI, including: - Reporting one-time engine sales as Maintenance Repair & Overhaul revenue despite limited repair and maintenance work performed [2]. - Presenting whole engine sales as individual module sales, which overstates sales and demand [2]. - Depreciating engines not on lease, misleadingly lowering the reported cost of goods sold and inflating EBITDA [2]. - Positive statements about the company's business and prospects were materially misleading and lacked a reasonable basis [2]. Impact on Stock Price - Following the publication of a report by Muddy Waters Research on January 15, 2025, which accused FTAI of materially manipulating its financials, the company's stock price fell by $37.21, or 24.3%, closing at $116.08 per share [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs must submit their applications by March 18, 2025. Participation in the case is not required to be eligible for recovery [4]. Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses [5].
FTAI Stockholders with Large Losses Should Contact Shareholder Rights Law Firm Robbins LLP for Information About the Class Action Against FTAI Aviation Ltd.