FTAI Aviation(FTAI) Prnewswire·2025-02-25 10:45Core Viewpoint - FTAI Aviation Ltd. is facing a class action securities lawsuit due to alleged securities fraud that affected investors between July 23, 2024, and January 15, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that FTAI Aviation misrepresented its financials 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 actions, 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 case [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 history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the top securities litigation firms in the United States [4].