Shannahan v. FTAI Aviation Ltd. et al

Filing 5

ORDER: It is hereby ORDERED that no later than February 7, 2025, Plaintiff shall advise the Court in writing of the date and manner in which it published this notice. SO ORDERED. (Signed by Judge Jeannette A. Vargas on 1/28/2025) (sgz)

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UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK ---------------------------------------------------------------------- X : MICHAEL SHANNAHAN, individually and on behalf of : all others similarly situated, : : Plaintiff, : : -v: : FTAI AVIATION LTD., JOSEPH P. ADAMS, : JR., and EUN (ANGELA) NAM, : : Defendants. X ---------------------------------------------------------------------JEANNETTE A. VARGAS, United States District Judge: 25-CV-00541 (JAV) ORDER REGARDING NOTICE TO PURPORTED PLAINTIFF CLASS MEMBERS On January 17, 2025, Plaintiff filed a putative class action on behalf of persons and entities that purchased or otherwise acquired FTAI securities between July 23, 2024 and January 15, 2025. Docket No. 1. (“Compl.”), ¶ 1. The Complaint alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. Section 78u-4(a)(3)(A) of the Private Securities Litigation Reform Act (“PSLRA”), 15 U.S.C. § 78u-4(a)(3)(A), requires that “[n]ot later than 20 days after the date on which the complaint is filed, the plaintiff or plaintiffs shall cause to be published, in a widely circulated national business-oriented publication or wire service, a notice advising members of the purported plaintiff class . . . of the pendency of the action, the claims asserted therein, and the purported class period.” 15 U.S.C. § 78u-4(a)(3)(A)(i) (emphasis added). It is hereby ORDERED that no later than February 7, 2025, Plaintiff shall advise the Court in writing of the date and manner in which it published this notice. SO ORDERED. Dated: January 28, 2025 New York, New York ______________________________ JEANNETTE A. VARGAS United States District Judge 2

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