SAN FRANCISCO, CA – (January 29, 2025) – National plaintiffs law firm Lieff Cabraser Heimann & Bernstein, LLP encourages investors in FTAI Aviation Ltd. (“FTAI” or the “Company”) (NASDAQ: FTAI) who purchased or otherwise acquired FTAI securities between July 23, 2024, and January 15, 2025, inclusive (the “Class Period”) to contact us immediately regarding a pending securities class action against FTAI. The deadline to apply to be lead plaintiff is March 18, 2025.
Class Period: July 23, 2024 – January 15, 2025
Lead Plaintiff Motion Deadline: March 18, 2025
Case information: https://lieffcabraser.com/securities/ftai/
Contact us: Email or text investorinfo@lchb.com or call 1-800-541-7358
FTAI, headquartered in New York City, New York, owns and acquires aviation and offshore energy equipment. FTAI operates through two segments – Aviation Leasing, which owns and manages aviation assets that FTAI leases and sells to customers, and Aerospace Products, which allegedly develops, manufactures, repairs, and sells aircraft engines and aftermarket aircraft engine parts.
The action alleges that, throughout the Class Period, FTAI and certain of its senior executives made materially false and misleading statements and failed to disclose to investors: (1) that the Company exaggerated the size of its aftermarket aerospace business by reporting one-time engine sales as Maintenance Repair & Overhaul revenue when FTAI only performed limited repair and maintenance work on the engine assets sold; (2) that FTAI overstated sales and demand by counting each whole engine sale as three individual module sales; and (3) that the Company improperly depreciated engines that were not on lease, which allowed FTAI’s Aerospace Products segment to report lower cost of goods sold and higher gross margins.
On January 15, 2025, Muddy Waters Research published a report alleging, among other things, that “FTAI materially manipulates its financials” by “exaggerating the size of its aftermarket aerospace business”, “misleading investors by presenting whole engine sales as individual module sales”, “inflating Aerospace Products’ EBITDA margins by means of over-depreciation in the leasing segment”, and “engaging in channel stuffing.” On this news, FTAI’s stock price declined $37.21 per share, or 24.3%, from its closing price on January 14, 2025, to close at $116.08 per share on January 15, 2025.
About Lieff Cabraser
Lieff Cabraser Heimann & Bernstein, LLP, with over 125 attorneys in offices in San Francisco, New York, Nashville, and Munich, Germany, is an internationally-recognized law firm committed to advancing the rights of investors and promoting corporate responsibility. Repeatedly recognized as a “Plaintiffs’ Powerhouse” by Law360, Lieff Cabraser has litigated some of the most important civil cases in the United States, and has assisted clients in recovering over $129 billion in verdicts and settlements. For over 50 years, Lieff Cabraser has remained committed to ensuring access to justice for all.
Source/Contact
Sharon Lee
Lieff Cabraser Heimann & Bernstein, LLP
415 956-1000
slee@lchb.com
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