FTAI Aviation(FTAI) Prnewswire·2025-03-07 01:12Core Viewpoint - A securities class action lawsuit has been filed against FTAI Aviation Ltd. for allegedly making materially false and misleading statements regarding its business operations and financial performance during the Class Period from July 23, 2024, to January 15, 2025 [1][2]. Group 1: Allegations Against FTAI - The lawsuit claims that FTAI misrepresented one-time engine sales as Maintenance Repair & Overhaul revenue, despite only performing limited repair and maintenance work on the sold engine assets [2]. - FTAI is accused of presenting whole engine sales as individual module sales, which inflated reported sales and demand [2]. - The company allegedly depreciates engines not on lease, misleadingly lowering the reported cost of goods sold and inflating EBITDA [2]. - As a result of these practices, the positive statements made by FTAI regarding its business and prospects were deemed materially misleading and lacked a reasonable basis [2]. Group 2: Lead Plaintiff Process - Investors in FTAI have until March 18, 2025, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel [3]. - A lead plaintiff acts on behalf of all class members in directing the litigation and is typically the investor or small group of investors with the largest financial interest [3]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [3]. Group 3: Firm Information - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions of dollars for victims of corporate misconduct [4]. - The firm encourages FTAI investors who have suffered significant losses to contact them for more information [4].