Glancy Prongay & Murray LLP Announces Securities Fraud Class Action Lawsuit Against FTAI Aviation Ltd.
LOS ANGELES, Feb. 5, 2025
Glancy Prongay & Murray LLP, a leading national litigation firm, announces that investors who have suffered losses in FTAI Aviation Ltd. (“FTAI” or the “Company”) (NASDAQ: FTAI) securities between February 1, 2023, and November 30, 2024, inclusive (the “Class Period”), have until February 20, 2025, to ask the Court to appoint them as lead plaintiff in the securities fraud class action lawsuit against FTAI. The lawsuit was filed in the United States District Court for the Central District of California and alleges that FTAI and certain of its executives violated the Securities Exchange Act of 1934.
Background
FTAI is a leading provider of aviation logistics and maintenance services. The Company operates through its subsidiaries, including FTAI Aviation Services, FTAI Technologies, and FTAI MRO. The Company’s services include aircraft maintenance, repair, and overhaul, as well as supply chain management and logistics services for the aviation industry.
The complaint alleges that during the Class Period, FTAI made false and misleading statements and failed to disclose material information regarding the Company’s business, operations, and financial condition. Specifically, the complaint alleges that the Company misrepresented the financial performance of its subsidiaries, particularly FTAI MRO, and its ability to achieve growth and profitability.
Impact on Investors
As a result of the Company’s false statements and omissions, FTAI’s stock traded at artificially inflated prices during the Class Period. When the truth was revealed, the Company’s stock price fell significantly, causing substantial losses to investors.
Impact on the World
The securities fraud class action lawsuit against FTAI has significant implications for the aviation industry as a whole. The allegations of financial mismanagement and misrepresentation raise concerns about the financial stability and transparency of other companies in the industry. Additionally, the lawsuit may deter investors from investing in aviation companies, potentially impacting the industry’s growth and development.
Next Steps
If you invested in FTAI securities during the Class Period and suffered losses, you may be entitled to join the securities fraud class action lawsuit against FTAI as a lead plaintiff. To learn more about this action and your rights as an investor, contact Glancy Prongay & Murray LLP by email at [email protected] or call toll-free at 888-773-9224. You can also visit the firm’s website at www.glancylaw.com to learn more about Glancy Prongay & Murray LLP and its representation of investors in securities fraud and other class action lawsuits.
- If you invested in FTAI securities between February 1, 2023, and November 30, 2024, and suffered losses, you may be entitled to join the securities fraud class action lawsuit against FTAI.
- Contact Glancy Prongay & Murray LLP by email at [email protected] or call toll-free at 888-773-9224 to learn more about the lawsuit and your rights as an investor.
- Visit Glancy Prongay & Murray LLP’s website at www.glancylaw.com to learn more about the firm and its representation of investors in securities fraud and other class action lawsuits.
Conclusion
The securities fraud class action lawsuit against FTAI Aviation Ltd. raises serious concerns about the financial stability and transparency of the Company and its executives. The lawsuit may impact not only FTAI investors but also the aviation industry as a whole. If you invested in FTAI securities during the Class Period and suffered losses, contact Glancy Prongay & Murray LLP to learn more about your rights and options.
