Bronstein, Gewirtz & Grossman, LLC Files Class Action Lawsuit Against FTAI Aviation Ltd.
New York, NY – February 11, 2025:
Bronstein, Gewirtz & Grossman, LLC, a prominent national law firm, has announced the filing of a class action lawsuit against FTAI Aviation Ltd. (“FTAI Aviation” or “the Company”) (NASDAQ:FTAI) and certain of its officers. The lawsuit alleges that the Company and its officers violated the Securities Exchange Act of 1934 by making materially false and misleading statements and/or failing to disclose material information to investors.
Allegations Against FTAI Aviation
According to the complaint, the defendants made false and misleading statements and/or failed to disclose that:
- FTAI Aviation’s financial statements for the periods ending December 31, 2022, and March 31, 2023, contained material misstatements and omissions;
- The Company’s revenue growth was due in part to fraudulent schemes and manipulative transactions;
- FTAI Aviation failed to maintain effective internal control over financial reporting;
- The Company’s financial statements did not comply with GAAP;
Impact on Investors
As a result of this alleged deception, investors suffered significant losses. The class action seeks to recover damages on behalf of all persons or entities who purchased or otherwise acquired FTAI Aviation securities between February 1, 2023, and October 31, 2024.
Impact on the World
The consequences of such actions can ripple through the financial markets, potentially undermining investor confidence and damaging the reputation of the NASDAQ stock exchange. Furthermore, the lawsuit could result in increased regulatory scrutiny and potential fines for FTAI Aviation and its officers.
Conclusion
Bronstein, Gewirtz & Grossman, LLC’s filing of this class action lawsuit against FTAI Aviation and its officers underscores the importance of transparency and honesty in the business world. The alleged actions, if proven, could have significant consequences for investors and the financial markets. Investors are encouraged to consult with their financial advisors if they have any questions or concerns regarding their investments in FTAI Aviation.
This information is provided as a general information and educational service to clients and prospective clients of Bronstein, Gewirtz & Grossman, LLC. This press release does not constitute legal or financial advice or an offer to sell securities, and it should not be relied upon as such. Past performance is not indicative of future results. The lawsuit described in this press release may be subject to change as the litigation proceeds.
