{"id":827075,"date":"2025-03-18T12:13:41","date_gmt":"2025-03-18T16:13:41","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ftai-deadline-alert-ftai-aviation-ltd-nasdaq-ftai-investors-alerted-to-todays-lead-plaintiff-deadline-in-securities-class-action\/"},"modified":"2025-03-18T12:13:41","modified_gmt":"2025-03-18T16:13:41","slug":"ftai-deadline-alert-ftai-aviation-ltd-nasdaq-ftai-investors-alerted-to-todays-lead-plaintiff-deadline-in-securities-class-action","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ftai-deadline-alert-ftai-aviation-ltd-nasdaq-ftai-investors-alerted-to-todays-lead-plaintiff-deadline-in-securities-class-action\/","title":{"rendered":"FTAI DEADLINE ALERT: FTAI Aviation Ltd. (NASDAQ: FTAI) Investors Alerted to Today\u2019s Lead Plaintiff Deadline in Securities Class Action"},"content":{"rendered":"
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SAN FRANCISCO, March 18, 2025 (GLOBE NEWSWIRE) — FTAI Aviation Ltd. (NASDAQ: FTAI)<\/strong> saw its shares slump on March 3, 2025 after Muddy Waters Research published a report alleging the company may be violating U.S. sanctions against Iran. A securities class action lawsuit, captioned Shannahan v. FTAI Aviation Ltd. et al., <\/em>No. 1:25-cv-00541 (S.D.N.Y.) has previously been filed. The suit seeks to represent investors who purchased FTAI securities between July 23, 2024 and January 15, 2025.<\/p>\n

Hagens Berman\u2019s investigation into the claims is ongoing and the firm urges FTAI Aviation investors who suffered substantial losses to submit your losses now.<\/a><\/p>\n

\n Class Period: <\/strong>July 23, 2024 \u2013 Jan. 15, 2025
Lead Plaintiff Deadline: <\/strong>Mar. 18, 2025
Visit:<\/strong>www.hbsslaw.com\/investor-fraud\/ftai<\/a>
Contact the Firm Now:<\/strong>FTAI@hbsslaw.com<\/a>
844-916-0895<\/strong><\/p>\n

\n The Second Muddy Waters Report <\/strong>\n <\/p>\n

In the latest development, on March 3, 2025, Muddy Waters Research published another report titled \u201cFTAI Could Be Violating U.S. Sanctions Against Iran.\u201d Muddy Waters reviewed images posted on LinkedIn from within Sorena Turbine, an aircraft Maintenance, Repair & Overhaul (\u201cMRO\u201d) company located in Tehran, observed an FTAI module factory branded box prominently within the shop, and noted \u201c[i]t\u2019s unclear to us whether this was a one-off or part of a pattern of widespread prohibited conduct.<\/p>\n

\n The Initial Muddy Waters Report and the Snowcap Report<\/strong>\n <\/p>\n

The initial Muddy Waters report, released January 15th, triggered a 24% plunge in FTAI’s stock price and prompted the internal review.<\/p>\n

Muddy Waters, based on an investigation that included a former FTAI executive and other industry insiders, alleged that FTAI has been improperly classifying one-time engine sales as MRO revenue within its Aerospace Products segment. The firm contends this practice inflates Aerospace Products revenue, creating a misleading growth narrative that has benefited insider selling. Muddy Waters estimates the majority of FTAI\u2019s adjusted EBITDA in the segment derives from less recurring gains on sales and alleges the company engaged in channel stuffing to inflate 2023 results.<\/p>\n

On Jan. 21, 2025, FTAI announced that its Audit Committee had commenced a review into the Muddy Waters allegations and that its Annual Report may be delayed. This news caused a 23% decline in the price of FTAI Aviation stock.<\/p>\n

Snowcap Research subsequently amplified these concerns on January 29th, claiming its own three-month investigation corroborated many of Muddy Waters\u2019 conclusions. Snowcap described FTAI\u2019s Aerospace segment as \u201cin substance an elaborate fabrication\u201d and stated it spoke with former FTAI executives, industry experts, and competitors who expressed confusion regarding the company\u2019s accounting and disclosures.<\/p>\n

FTAI\u2019s Audit Committee, after a review conducted by independent legal and forensic accounting advisors, concluded the short-seller claims lacked foundation, the company said. \u201cAfter a thorough and comprehensive review\u2026we have determined that the assertions\u2026are unsupported and have no merit,\u201d stated Paul R. Goodwin, Audit Committee Chair. Despite this assertion, FTAI\u2019s statement notably refrained from addressing the granular details of Muddy Waters\u2019 and Snowcap Research\u2019s allegations.<\/p>\n

\n The FTAI Investor Class Action <\/strong>\n <\/p>\n

The suit echoes Muddy Waters\u2019 claims in its January 15th<\/sup> report and alleges that FTAI made false and misleading statements and failed to disclose the following crucial information:<\/p>\n