FTAI INVESTIGATION ALERT: BFA Law Announces an Investigation into FTAI Aviation Ltd. for Fraud after Short Seller Report – Contact the Firm if You Lost Money
16 Janvier 2025 - 1:33PM
Business Wire
Leading securities law firm Bleichmar Fonti & Auld
LLP announces an investigation into FTAI Aviation Ltd. (NASDAQ:
FTAI) for potential violations of the federal securities laws.
If you invested in FTAI Aviation, you are encouraged to obtain
additional information by visiting
https://www.bfalaw.com/cases-investigations/ftai-aviation-ltd.
Why Did FTAI Aviation’s Stock Drop?
FTAI Aviation is an integrated full-service provider of
aftermarket power and maintenance for commercial jet engines. In
its Q3 2024 financial report, FTAI Aviation reported quarterly
revenue in its Aerospace Products segment of approximately $303
million, representing an approximately 155% increase over the prior
year’s quarter.
On January 15, 2024, prominent investment research firm Muddy
Waters published a report titled “FTAI Aviation: Financial
Engineering and Accounting Manipulation in the MRO Business.” Based
on an investigation that included consulting an industry expert
with 20+ years of experience (that was also a former FTAI Aviation
executive) and other industry insiders, Muddy Waters claims that
FTAI Aviation has been recording one-time engine sales as
Maintenance Repair & Overhaul (MRO) revenue in its Aerospace
Products segment. Muddy Waters states that this has enabled the
company to present a misleading narrative of growth in its
Aerospace Products revenue, which has benefited insider sellers.
The research firm estimates that the majority of FTAI Aviation’s
adjusted EBITDA in the Aerospace Products segment comes from gains
on sales, which are less recurring in nature, and that FTAI
Aviation engaged in channel stuffing to inflate its 2023 financial
results.
The Stock Declines as the Truth is Revealed
The news caused a significant decline in the price of FTAI
Aviation stock. On January 15, 2025, the price of the company’s
stock fell 24%, from a closing price of $153.29 per share on
January 14, 2025, to $116.08 per share on January 15, 2025.
Click here for more information:
https://www.bfalaw.com/cases-investigations/ftai-aviation-ltd.
What Can You Do?
If you invested in FTAI Aviation you may have legal options and
are encouraged to submit your information to the firm.
All representation is on a contingency fee basis, there is no
cost to you. Shareholders are not responsible for any court costs
or expenses of litigation. The firm will seek court approval for
any potential fees and expenses.
Submit your information by visiting:
https://www.bfalaw.com/cases-investigations/ftai-aviation-ltd
Or contact: Ross Shikowitz ross@bfalaw.com 212-789-3619
Why Bleichmar Fonti & Auld LLP?
Bleichmar Fonti & Auld LLP is a leading international law
firm representing plaintiffs in securities class actions and
shareholder litigation. It was named among the Top 5 plaintiff law
firms by ISS SCAS in 2023 and its attorneys have been named Titans
of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson
Reuters. Among its recent notable successes, BFA recovered over
$900 million in value from Tesla, Inc.’s Board of Directors, as
well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit
https://www.bfalaw.com.
https://www.bfalaw.com/cases-investigations/ftai-aviation-ltd
Attorney advertising. Past results do not guarantee future
outcomes.
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version on businesswire.com: https://www.businesswire.com/news/home/20250116511047/en/
Ross Shikowitz ross@bfalaw.com 212-789-3619
FTAI Aviation (NASDAQ:FTAI)
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FTAI Aviation (NASDAQ:FTAI)
Graphique Historique de l'Action
De Jan 2024 à Jan 2025