Core Viewpoint - FTAI Aviation Ltd. is facing significant scrutiny and legal challenges due to allegations of violating U.S. sanctions against Iran and improper financial reporting practices, leading to a decline in its stock price and a class action lawsuit from investors [1][2][4][8]. Group 1: Allegations and Investigations - Muddy Waters Research published a report on March 3, 2025, alleging that FTAI may be violating U.S. sanctions against Iran, which has raised concerns among investors [1][2]. - The initial report from Muddy Waters on January 15, 2025, caused a 24% drop in FTAI's stock price, prompting an internal review by the company [3]. - Snowcap Research corroborated many of Muddy Waters' claims, describing FTAI's Aerospace segment as "in substance an elaborate fabrication" based on interviews with former executives and industry experts [6]. Group 2: Financial Reporting Concerns - Muddy Waters alleged that FTAI improperly classified one-time engine sales as Maintenance, Repair & Overhaul (MRO) revenue, inflating the revenue figures and misleading investors about the company's growth [4][8]. - The company is accused of presenting whole engine sales as individual module sales, which overstated sales and demand [8]. - FTAI's Audit Committee concluded that the short-seller claims lacked foundation, but did not address the specific details of the allegations [7]. Group 3: Legal Actions - A securities class action lawsuit has been filed against FTAI, seeking to represent investors who purchased securities between July 23, 2024, and January 15, 2025, alleging false and misleading statements [1][2][8]. - Hagens Berman is conducting an ongoing investigation and encourages affected investors to submit their losses [2].
FTAI DEADLINE ALERT: FTAI Aviation Ltd. (NASDAQ: FTAI) Investors Alerted to Today’s Lead Plaintiff Deadline in Securities Class Action
GlobeNewswire·2025-03-18 16:10