Core Viewpoint - A lawsuit has been filed against FTAI Aviation Ltd. and its senior executives for potential violations of federal securities laws, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [1][2]. Group 1: Financial Performance - FTAI Aviation reported quarterly revenue of approximately $303 million in its Aerospace Products segment for Q3 2024, marking a 155% increase compared to the same quarter of the previous year [3]. - The complaint alleges that the majority of FTAI Aviation's adjusted EBITDA in the Aerospace Products segment is derived from gains on sales, which are less recurring, and that the company engaged in channel stuffing to inflate its 2023 financial results [4][5]. Group 2: Stock Performance and Market Reaction - Following the publication of a report by Muddy Waters on January 15, 2024, which accused FTAI Aviation of financial manipulation, the company's stock price fell by 24%, from $153.29 on January 14, 2025, to $116.08 on January 15, 2025 [5][6]. - On January 21, 2025, FTAI Aviation announced that its Audit Committee had begun a review of the allegations, leading to a further decline in stock price by 23%, from $112.38 on January 17, 2025, to an opening price of $86.37 on January 21, 2025 [7].
FTAI FRAUD REMINDER: A Class Action Lawsuit has been Filed against FTAI Aviation Ltd. for Fraud – Contact BFA Law before March 18 Deadline (NASDAQ:FTAI)