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FTAI STOCKHOLDERS: Contact Robbins LLP for Information About the FTAI Aviation Ltd. Class Action Before the Expiration of the Lead Plaintiff Deadline
FTAIFTAI Aviation(FTAI) GlobeNewswire News Room·2025-02-27 22:12

Core Viewpoint - A class action 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 work performed [2]. - Presenting whole engine sales as individual module sales, leading to an overstatement of sales and demand [2]. - Depreciating engines not on lease, which misleadingly lowers the reported cost of goods sold and inflates 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,or24.337.21, 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]. Company Background - Robbins LLP is noted as a leader in shareholder rights litigation, focusing on helping shareholders recover losses and improve corporate governance since 2002 [5].