Important Investor Alert: FTAI Aviation Ltd. Securities Class Action Lawsuit
New York, NY and New Orleans, LA – Kahn Swick & Foti, LLC (“KSF”) and its partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until March 18, 2025 to file lead plaintiff applications in a securities class action lawsuit against FTAI Aviation Ltd. (FTAI).
Background
FTAI Aviation Ltd. is a leading provider of aircraft leasing and engineering services. The company’s shares were publicly traded on the NASDAQ stock exchange under the symbol “FTAI” until it was delisted in 2024. The lawsuit alleges that FTAI and certain of its executives made false and misleading statements and failed to disclose material information to investors.
The Allegations
The complaint alleges that FTAI and its executives made false and misleading statements and failed to disclose that:
- FTAI’s financial statements for the periods ending December 31, 2021 and 2022 contained material misstatements and omissions;
- FTAI’s business was not as strong as represented;
- FTAI was experiencing significant operational issues;
- FTAI’s financial condition was weaker than represented;
- FTAI was experiencing higher than expected maintenance costs;
- FTAI was experiencing higher than expected lease termination costs;
- FTAI was experiencing higher than expected insurance costs;
- FTAI was experiencing higher than expected financing costs;
As a result of these alleged false and misleading statements, FTAI’s stock traded at artificially inflated prices between January 1, 2022 and July 29, 2022, when the truth was revealed through a series of disclosures.
Impact on Investors
Investors who purchased or otherwise acquired FTAI securities between January 1, 2022 and July 29, 2022 may be eligible to recover their losses through this class action lawsuit. Investors may also contact KSF for more information.
Impact on the World
The impact of this securities class action lawsuit extends beyond just FTAI and its investors. It serves as a reminder of the importance of transparency and accuracy in financial reporting. Companies that misrepresent their financial condition and business operations not only harm their investors, but also undermine public trust in the capital markets.
Conclusion
If you purchased or otherwise acquired FTAI securities between January 1, 2022 and July 29, 2022 and believe you may be a victim of securities fraud, we encourage you to contact Kahn Swick & Foti, LLC. Our experienced securities attorneys are here to help you recover your losses.
This is not a solicitation or an offer to sell securities, and it is not intended to provide and should not be relied upon for legal or investment advice. If you have any questions regarding this notice or our securities fraud investigation into FTAI, please contact KSF toll-free at 1-877-515-1850 or via email at [email protected].
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with mergers & acquisitions and complex commercial litigation. The firm has offices in New York, Louisiana and California and represents investors and consumers in securities, antitrust, consumer, and other complex litigation in state and federal courts throughout the United States.
