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)
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
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:
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
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