LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC announces a class action lawsuit has been filed against FLY Leasing Limited (“FLY Leasing” or the “Company”) (NYSE: FLY) concerning possible violations of federal securities laws between May 8, 2014 and March 7, 2016. Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the April 25, 2016, lead plaintiff motion deadline.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the complaint, the Company made misleading statements and/or failed to disclose that: (1) during fiscal years 2014 and 2015, FLY Leasing had engaged in improper accounting with respect to intangible assets and liabilities for aircraft acquired with in-place leases; and (2) as a result of the foregoing, FLY Leasing’s public statements were materially false and misleading at all relevant times.
Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles.
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