Important Investor Alert: Kahn Swick & Foti, LLC Reminds Investors of Looming Deadline in Securities Class Action Lawsuit Against FTAI Aviation Ltd.
New York, NY and New Orleans, LA, March 11, 2025 – 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), if they purchased the Company’s securities between July 23, 2024 and January 15, 2025, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.
Background on FTAI Aviation Ltd.
FTAI Aviation Ltd. is a global provider of aviation services, including maintenance, repair, and overhaul (MRO) services, engineering and design services, and spare parts. The Company operates through its subsidiaries, including FTAI Aviation Services, Inc. and FTAI Engineering & Design, Inc.
The Allegations
The complaint alleges that during the Class Period, FTAI made false and/or misleading statements and/or failed to disclose that:
- The Company’s financial statements for the fiscal year ended December 31, 2023 contained material misstatements;
- The Company had inadequate internal control over financial reporting;
- The Company’s revenue growth was due in part to improper revenue recognition;
- The Company’s financial results were impacted by a material weakness in its revenue recognition process;
- The Company’s financial results were also impacted by a material weakness in its internal control over financial reporting related to revenue recognition.
Impact on Individual Investors
If you purchased FTAI securities during the Class Period, you may be able to recover your losses by serving as a lead plaintiff. As a lead plaintiff, you are a representative party acting on behalf of other class members in directing the litigation. You may be entitled to a share of the court-approved settlement amount.
To be eligible to serve as a lead plaintiff, you must meet certain requirements and deadlines. You may wish to consult with your financial advisor, attorney, or KSF to discuss your rights and interests in this case. KSF takes on cases on a contingency fee basis, meaning the firm is paid only if the case is successful, and the lead plaintiff will not be charged any out-of-pocket costs or fees.
Impact on the World
The securities class action lawsuit against FTAI Aviation Ltd. is significant because it highlights the importance of accurate financial reporting and strong internal controls. The allegations of misstatements and material weaknesses in FTAI’s financial reporting could potentially impact investor confidence in the aviation industry as a whole. Additionally, if the allegations are proven true, it could result in regulatory action against FTAI, which could further impact the Company’s reputation and financial stability.
Conclusion
If you purchased FTAI securities during the Class Period, you may be entitled to recover your losses. Contact Kahn Swick & Foti, LLC (KSF) to discuss your rights and interests in this case. KSF takes on cases on a contingency fee basis and will not charge any out-of-pocket costs or fees to you. The deadline to file a lead plaintiff application is March 18, 2025.
This notice is for informational purposes only and may be considered attorney advertising in some jurisdictions. Past results do not guarantee or predict future performance.
