FTAI Aviation(US:FTAI) Prnewswireยท2025-02-07 10:45Core Viewpoint - A class action securities lawsuit has been filed against FTAI Aviation Ltd. for alleged securities fraud affecting investors between July 23, 2024, and January 15, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that FTAI Aviation misrepresented its financial performance by reporting one-time engine sales as maintenance repair & overhaul revenue, despite only performing limited repair and maintenance work on the sold engine assets [2]. - It is alleged that FTAI presented whole engine sales as individual module sales, which resulted in an overstatement of sales and demand [2]. - The company reportedly depreciates engines that are not on lease, misleadingly lowering the reported cost of goods sold and inflating EBITDA [2]. - Due to these practices, the positive statements made by the defendants regarding the company's business, operations, and prospects were materially misleading and lacked a reasonable basis [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until March 18, 2025, to request to be appointed as lead plaintiff in the lawsuit [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and participation does not require serving as a lead plaintiff [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record, having secured hundreds of millions of dollars for shareholders over the past 20 years and is recognized as one of the top securities litigation firms in the United States [4].