NEW YORK, NY / ACCESS Newswire / January 17, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of FTAI Aviation Ltd. ("FTAI Aviation Ltd.") (NASDAQ:FTAI) concerning possible violations of federal securities laws.
On January 15, 2025, FTAI Aviation’s stock price plummeted following an accusation by research firm, Muddy Waters, that FTAI Aviation has been recording one-time engine sales as Maintenance Repair & Overhaul revenue in its Aerospace Products (AP) segment. According to Muddy Waters this alleged misrepresentation has led to an apparent growth story in FTAI’s AP revenue, which the research firm believes is largely due to asset sales. Muddy Waters estimates that roughly 80% of FTAI Aviation’s adjusted EBITDA in the Aerospace Products segment comes from gains on sales, which they believe is primarily from selling entire engines. Muddy Waters further suggests that the motive behind these alleged misrepresentations is to generate a valuation significantly larger than that of a leasing business. FTAI Aviation management has yet to provide comment.
Following this news, FTAI’s stock price fell by $37.21 per share, or approximately 24% to close at $116.08 per share.
To obtain additional information, go to:
https://zlk.com/pslra-1/ftai-aviation-ltd-lawsuit-submission-form?prid=123552&wire=1
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP
View the original press release on ACCESS Newswire
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