Farooqui & Farooqui, Securities Litigation Partners LLP James (Josh) Wilson He encourages investors who have incurred losses on FTAI to contact him directly to discuss their options
If you purchase or acquire securities in FTAI Between July 23, 2024 and January 15, 2025 If you would like to discuss your legal rights, contact Farooqui & Farooqui Partner Josh Wilson live in 877-247-4292 or 212-983-9330 (ext. 1310).
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New York, New York–(Newsfile Corp. – January 26, 2025) – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against FTAI Aviation Ltd. (“FTAI” or the “Company”) (NASDAQ: FTAI) and reminds investors of March 18, 2025 deadline For the role of lead plaintiff in a federal securities class action lawsuit filed against the Company.
Farooqui & Farooqui is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The company has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated the federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the Company reported one-time engine sales as maintenance, repair, and overhaul revenue when it FTAI performs only limited repair and maintenance work on the engine assets sold; (2) FTAI presents entire engine sales as single unit sales, thus overstating sales and demand; (3) the Company understates the value of unleased engines, which misleadingly understates its reported cost of goods sold and inflates EBITDA; and (4) that as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On January 15, 2025, Muddy Waters (NYSE:) Research published a report alleging, among other things, that “FTAI materially manipulated its financial statements” by “exaggerating the size of its aviation aftermarket business,” and “misleading investors from During the entire engine sales show.” Such as individual unit sales”, “inflating EBITDA margins for aviation products by over-consumption in the leasing sector”, and “engagement in the channel”.stuffing”.
On this news, FTAI’s stock price fell $37.21, or 24.3%, to close at $116.08 per share on January 15, 2025, on unusually heavy trading volume.
A court-appointed lead plaintiff is the investor with the greatest financial interest in the relief sought by the class and is appropriate and typical for members of the class who direct and oversee litigation on behalf of the putative class. Any member of the putative class may ask the court to serve as lead plaintiff through counsel of their choice, or they may choose to do nothing and remain an absent member of the class. Your ability to participate in any recovery is not affected by the decision whether or not to serve as lead plaintiff.
Faruqi & Faruqi, LLP also encourages anyone with information regarding FTAI’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Lawyer advertisement. The law firm responsible for this announcement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Past results do not guarantee or predict a similar result with respect to any future matter. We welcome the opportunity to discuss your specific case. All communications will be treated confidentially.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238365
