SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of FLY Leasing Limited (FLY)

NEW YORK, March 10, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities FLY Leasing Limited ("FLY" or "the Company") (NYSE: FLY). Such investors are advised to contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz at [email protected] or 212-697-6484.

This investigation concerns whether FLY and certain of its officers and/or directors have violated the Federal Securities Laws under the Securities Exchange Act of 1934 (the "Exchange Act"). 

On March 8, 2016, FLY released a report disclosing that together with the U.S. Securities and Exchange Commission ("SEC"), it is discussing FLY's accounting policies, including business combinations and accounting policy for intangible assets and liabilities regarding aircrafts with existing leases. FLY reported that "if it is determined after the conclusion of the [SEC's] review that FLY should separately recognize other intangible assets or liabilities from what has been previously recorded, the impact could be material to FLY's previously issued consolidated financial statements and require modification to its accounting for the current and prior year results," and continued, "as a result of the ongoing discussions with the [SEC], FLY may not be able to timely file its Annual Report on Form 20-F for the year ended December 31, 2015."

Following this news, Fly stock dropped $1.12 per share, or 8.2%, to close at $12.47 on March 8, 2016.

If you are aware of any facts relating to this investigation, or purchased shares of FLY, you can assist this investigation by visiting the firm's website: http://www.bgandg.com/#!fly/dvl1r. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]

SOURCE Bronstein, Gewirtz & Grossman, LLC

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