Fly-E Group, Inc.(FLYE)
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FLY-E GROUP, INC. (NASDAQ: FLYE) SHAREHOLDER ALERT: Bernstein Liebhard LLP Reminds Fly-E Group, Inc. Investors of Upcoming Deadline
Globenewswire· 2025-11-03 06:45
Core Points - Bernstein Liebhard LLP has announced a securities fraud class action lawsuit against Fly-E Group, Inc. for alleged misrepresentations regarding the safety of its lithium battery [4] - The lawsuit covers investors who purchased Fly-E securities between July 15, 2025, and August 14, 2025 [4] - A deadline for potential lead plaintiffs to file papers is set for November 7, 2025 [5] Group 1 - The lawsuit was filed in the United States District Court for the Eastern District of New York [4] - The firm has a history of recovering over $3.5 billion for clients and has been recognized multiple times for its litigation success [6] - Investors are encouraged to discuss their legal rights and options regarding the class action [3]
FLYE DEADLINE NOTICE: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Fly-E Group, Inc. Investors to Secure Counsel Before Important November 10 Deadline in Securities Class Action – FLYE
Globenewswire· 2025-11-01 01:11
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Fly-E Group, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - The Class Period for the Fly-E Group, Inc. securities is from July 15, 2025, to August 14, 2025, inclusive [1]. - Investors who purchased Fly-E securities during this period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by November 10, 2025 [2]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [3]. - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time and has been ranked highly for its performance in this area since 2013 [3]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [3]. Group 3: Case Specifics - The lawsuit alleges that Fly-E Group provided misleading statements regarding the safety of its lithium battery, which negatively impacted its E-vehicle sales revenue [4]. - Despite optimistic long-term projections, Fly-E's sales continued to decline, and operating expenses increased, leading to a failure in meeting revenue forecasts [4]. - The lawsuit claims that when the true information became public, investors suffered damages as a result [4].
Levi & Korsinsky Notifies Fly-E Group, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline – FLYE
Globenewswire· 2025-10-31 20:04
Core Viewpoint - Fly-E Group, Inc. is facing a class action securities lawsuit due to alleged securities fraud that negatively impacted investors between July 15, 2025, and August 14, 2025 [1][2] Company Performance - The lawsuit claims that Fly-E provided overly positive statements while concealing material adverse facts about the safety of its lithium batteries, which affected E-vehicle sales revenue [2] - On August 14, 2025, Fly-E reported a 32% decrease in net revenues, primarily due to a decline in total units sold, attributed to recent lithium-battery accidents involving E-Bikes and E-Scooters [2] - Following the announcement, Fly-E's stock price plummeted from $7.76 per share to $1.00 per share, marking an approximate 87% decline in just one day [2] Legal Proceedings - Investors who suffered losses during the specified timeframe have until November 10, 2025, to request appointment as lead plaintiff, although participation does not require serving in this role [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4]
FLY-E CLASS ACTION DEADLINE: Bragar Eagel & Squire, P.C. Reminds Fly-E Investors of the November 7th Deadline in the Filed Class Action Lawsuit
Globenewswire· 2025-10-31 12:31
Core Viewpoint - A class action lawsuit has been filed against Fly-E Group, Inc. for allegedly misleading investors regarding its revenue outlook and sales performance during the class period from July 15, 2025, to August 14, 2025 [7]. Allegation Details - The lawsuit claims that Fly-E's management created a false impression of reliable information about the company's projected revenue and sales, while in reality, the company's optimistic goals fell short [7]. - The complaint highlights that Fly-E's revenue decreased by 32% compared to the same period in 2024, primarily due to a decline in total units sold, attributed to customer hesitance stemming from lithium battery explosion incidents [7]. - Following the SEC filing on August 14, 2025, which disclosed the revenue drop, Fly-E's stock price plummeted approximately 87%, from $7.76 per share to $1.00 per share within a day [7]. Next Steps - Investors who purchased Fly-E shares during the class period and suffered losses are encouraged to contact the law firm Bragar Eagel & Squire for more information and to discuss their legal rights [4][8].
ROSEN, A LONGSTANDING FIRM, Encourages Fly-E Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – FLYE
Globenewswire· 2025-10-28 21:06
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Fly-E Group, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - The Class Period for the Fly-E Group, Inc. securities is from July 15, 2025, to August 14, 2025, inclusive [1]. - Investors who purchased Fly-E securities during this period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by November 10, 2025 [2]. Group 2: Legal Representation - Investors are encouraged to select qualified legal counsel with a proven track record in securities class actions [3]. - Rosen Law Firm has a history of significant settlements, including the largest securities class action settlement against a Chinese company at the time [3]. - The firm has consistently ranked highly in securities class action settlements and has recovered hundreds of millions of dollars for investors [3]. Group 3: Case Allegations - The lawsuit alleges that Fly-E Group provided misleading statements regarding the safety of its lithium battery, which negatively impacted its E-vehicle sales revenue [4]. - Despite optimistic long-term projections, Fly-E's sales continued to decline, and operating expenses increased, leading to a failure in revenue projections [4]. - The lawsuit claims that when the true details about the company's performance were revealed, investors suffered damages [4].
Portnoy Law Firm Announces Class Action on Behalf of Fly-E Group, Inc. Investors
Globenewswire· 2025-10-28 17:40
Core Viewpoint - Fly-E Group, Inc. is facing a class action lawsuit due to allegations of stock manipulation and a potential pump-and-dump scheme, which has led to a significant decline in its stock price [3]. Group 1: Legal Actions - The Portnoy Law Firm is advising Fly-E investors to join a class action lawsuit for those who purchased securities between July 15, 2025, and August 14, 2025, with a deadline to file a lead plaintiff motion by November 7, 2025 [1]. - Investors can contact attorney Lesley F. Portnoy for a complimentary case evaluation and to discuss their legal rights [2]. Group 2: Company Allegations - A report published by The Bear Cave on August 13, 2025, claimed that Fly-E's stock is being manipulated by overseas scammers and is at risk of a severe collapse, asserting that the company's products endanger public safety [3]. - Following the publication of this report, Fly-E's stock price experienced a sharp decline over several trading sessions [3]. Group 3: Law Firm Background - The Portnoy Law Firm has a history of representing investors in claims related to corporate wrongdoing, with the founding partner having recovered over $5.5 billion for aggrieved investors [4].
Lost Money on Fly-E Group, Inc.(FLYE)? Join Class Action Suit Seeking Recovery - Contact Levi & Korsinsky
Prnewswire· 2025-10-28 12:45
Core Viewpoint - Fly-E Group, Inc. is facing a class action securities lawsuit due to alleged securities fraud that negatively impacted investors between July 15, 2025, and August 14, 2025 [1][2]. Summary by Relevant Sections Class Action Details - The lawsuit claims that Fly-E provided overly positive statements while concealing material adverse facts about the safety of its lithium batteries, which adversely affected E-vehicle sales revenue [2]. - On August 14, 2025, Fly-E disclosed a 32% decrease in net revenues, primarily due to a drop in total units sold, linked to recent lithium-battery accidents involving E-Bikes and E-Scooters [2]. - Following this disclosure, Fly-E's stock price plummeted from $7.76 per share to $1.00 per share, marking an approximate 87% decline in just one day [2]. Next Steps for Investors - Investors who suffered losses during the specified timeframe have until November 10, 2025, to request appointment as lead plaintiff, although participation does not require serving in this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Firm Background - Levi & Korsinsky, LLP has a history of securing significant recoveries for shareholders and is recognized as one of the top securities litigation firms in the United States [4].
Fly-E Group, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – FLYE
Globenewswire· 2025-10-28 12:20
Core Viewpoint - A class action lawsuit has been filed against Fly-E Group, Inc. for allegedly making false and misleading statements regarding its financial performance and revenue goals during a specified class period [1][2]. Summary by Sections Class Action Details - The class period for the lawsuit is from July 15, 2025, to August 14, 2025, with a deadline for lead plaintiff appointments set for November 7, 2025 [2]. - The complaint alleges that Fly-E's revenue goals were unrealistic and that the company was overly optimistic about cost reductions and supplier pricing [2]. Shareholder Participation - Shareholders who purchased shares during the class period are encouraged to contact the law firm for potential lead plaintiff appointments, although this is not required to participate in any recovery [2][3]. - Registered shareholders will receive updates through a portfolio monitoring software at no cost [3]. Law Firm Background - DJS Law Group specializes in securities class actions and corporate governance litigation, focusing on enhancing investor returns through advocacy [4].
FLY-E DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Fly-E Investors of the November 7th Deadline
Globenewswire· 2025-10-27 21:05
Core Viewpoint - A class action lawsuit has been filed against Fly-E Group, Inc. for allegedly misleading investors regarding its revenue outlook and sales performance during the class period from July 15, 2025, to August 14, 2025 [7]. Allegation Details - The lawsuit claims that Fly-E's management created a false impression of reliable revenue projections and demand for its electric vehicle (EV) products, while downplaying risks associated with lithium batteries and supply chain issues [7]. - A significant 32% decrease in net revenue was reported, attributed to a decline in total units sold, as consumer confidence was affected by incidents of lithium battery explosions [7]. - Following the negative news, Fly-E's stock price plummeted approximately 87%, from $7.76 per share to $1.00 per share in one day [7]. Next Steps - Investors who acquired Fly-E shares during the class period and suffered losses are encouraged to contact the law firm Bragar Eagel & Squire for more information and to discuss their legal rights [4][8].
ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Fly-E Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – FLYE
Globenewswire· 2025-10-24 21:39
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Fly-E Group, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - The Class Period for the Fly-E Group, Inc. securities is from July 15, 2025, to August 14, 2025, inclusive [1]. - Investors who purchased Fly-E securities during this period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by November 10, 2025 [2]. Group 2: Legal Representation - Investors are encouraged to select qualified legal counsel with a proven track record in securities class actions, as many firms may lack the necessary experience and resources [3]. - Rosen Law Firm has a history of successful settlements, including the largest securities class action settlement against a Chinese company at the time, and has recovered hundreds of millions for investors [3]. Group 3: Case Allegations - The lawsuit alleges that Fly-E Group provided misleading statements regarding the safety of its lithium battery, which negatively impacted its E-vehicle sales revenue [4]. - Despite optimistic long-term projections, Fly-E's sales continued to decline, and operating expenses increased, leading to a failure in meeting revenue forecasts [4]. - The lawsuit claims that when the true information became public, investors suffered damages [4].