According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:
- FTAI reported one-time engine sales as Maintenance Repair & Overhaul revenue when FTAI only performs limited repair and maintenance work on the engine assets sold;
- FTAI presents whole engine sales as individual module sales, thereby overstating sales and demand; and
- FTAI depreciates engines that are not on lease, which misleadingly lowers the reported cost of goods sold and inflates EBITDA.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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