Khang & Khang LLP (the "Firm") announces that a class action lawsuit has been filed against FLY Leasing Limited ("FLY Leasing" or the "Company") (NYSE: FLY). Investors who purchased or otherwise acquired shares between May 8, 2014 and March 7, 2016, inclusive (the "Class Period"), are encouraged to contact the Firm prior to the May 24, 2016, lead plaintiff motion deadline. If you purchased shares of FLY Leasing during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by email at firstname.lastname@example.org. There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive 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. If you purchased shares of FLY Leasing during the Class Period, you have until May 24, 2016 to ask the Court to appoint you as lead plaintiff. If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by email at email@example.com. This press release may constitute Attorney Advertising in some jurisdictions.