Kaplan Fox & Kilsheimer LLP Alerts Investors to Securities Class Action Lawsuit Against FTAI Aviation Ltd. (FTAI)
NEW YORK – January 22, 2025 (NEWMEDIAWIRE) – Kaplan Fox & Kilsheimer LLP announces that a class action has been filed against FTAI Aviation Ltd. (FTAI Aviation or the Companies) (NASDAQ: FTAI) on behalf of investors who purchased or otherwise acquired securities of FTAI Aviation between July 23, 2024 and January 15, 2025 (the Class Period).
CLICK HERE TO JOIN THE CASE
If you are an investor in FTAI Aviation and have suffered losses, you can CLICK HERE to contact us. You can also contact Kaplan Fox by emailing pmayer@kaplanfox.com or calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed class, you may move the court no later than March 18, 2025 to be the lead plaintiff for the putative class. If you have losses, we encourage you to contact us to learn more about the Attorney General process.
On January 15, 2025, Muddy Waters (NYSE: ) Research released a report titled, FTAI Aviation: Financial Engineering and Accounting Manipulation in the MRO Business (Short-Seller Report). Among other things, the Short-Seller report alleges that FTAI materially manipulates its financials by exaggerating the size of its aftermarket aerospace business, representing whole engine sales as individual module sales, inflating EBITDA margins for aerospace products through excessive depreciation in the leasing segment, and engaging in channel filling.
On January 15, 2025, FTAI Aviation’s stock price fell $37.21 per share, more than 24%, to $116.08 per share.
Then on January 21, 2025, FTAI Aviation announced in an 8-K filing with the Securities and Exchange Commission that the Audit Committee of the Board of Directors had decided to begin an audit in response to the allegations made in the Short-Seller Report. The Company further informed that the Company cannot rule out the possibility that the submission of the Company’s annual report on Form 10-K for the fiscal year 2024 may be delayed.
On January 21, 2025, FTAI Aviation’s stock price fell $28.59 per share, more than 25%, to $83.79 per share.
WHY CONTACT KAPLAN FOX – Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and results clients demand. Through litigating cases at the federal and state levels, Kaplan Fox has successfully shaped the law by making many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you can visit our website at www.kaplanfox.com.
This press release may be considered solicitor advertising in some jurisdictions under applicable law and ethical rules.
If you have any questions about this Notice, your rights or interests, please contact:
CONTACT:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th floor
New York, New York 10022
(646) 315-9003
pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com
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