NEW YORK & NEW ORLEANS–(BUSINESS WIRE)–Kahn Swick & Foti, LLC (āKSFā) and KSF partner, the 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. (the āCompanyā) (NasdaqGS: FTAI), if they purchased the Companyās securities between July 23, 2024 and January 15, 2025, inclusive (the āClass Periodā). This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased securities of FTAI and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-ftai/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by March 18, 2025.
About the Lawsuit
FTAI and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On January 15, 2025, Muddy Waters Research reported that, among other things, āFTAI materially manipulates its financialsā by āexaggerating the size of its aftermarket aerospace businessā, āmisleading investors by presenting whole engine sales as individual module salesā, āinflating Aerospace Productsā EBITDA margins by means of over-depreciation in the leasing segmentā, and āengaging in channel stuffing.ā On this news, the price of FTAIās stock fell over 24%, to close at $116.08 per share on January 15, 2025, on unusually heavy trading volume.
The case is Shannahan v. FTAI Aviation Ltd., et al., No. 25-cv-541.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contacts
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163