LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP reminds investors of the upcoming November 7, 2025 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Fly-E Group, Inc. ("Fly-E†or the "Company†) (NASDAQ: FLYE) securities between July 15, 2025 and August 14, 2025, inclusive (the "Class Period†). IF YOU SUFFERED A LOSS ON YOUR FLY-E INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOV. ...

Core Viewpoint - A class action lawsuit has been filed against Fly-E Group, Inc. for allegedly misleading investors about its revenue projections and sales performance during a specific period in 2025 [1][2]. Group 1: Allegations and Misleading Information - The lawsuit claims that Fly-E Group's management created a false impression of having reliable information regarding the company's revenue outlook and sales expectations [2]. - It is alleged that the company downplayed risks associated with lithium batteries, supply chain changes, and regulatory challenges while promoting its brand reputation and cost reductions as key growth factors [2]. Group 2: Financial Performance and Impact - On August 14, 2025, Fly-E filed a notification with the SEC indicating a significant 32% decrease in net revenue compared to the same period in 2024, primarily due to a decline in total units sold [3]. - The decline in sales was attributed to a decrease in customer purchases of E-Bikes, linked to an increase in lithium battery explosion incidents in New York [3]. - Following the revenue announcement, Fly-E's stock price plummeted approximately 87%, from $7.76 per share to $1.00 per share within a single day [3]. Group 3: Class Action Participation - Shareholders who purchased Fly-E securities during the specified period may be eligible to participate in the class action lawsuit [4]. - Interested shareholders can contact Robbins LLP to serve as lead plaintiffs or remain as absent class members without participating in the case [4].

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, recovering 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].

Core Viewpoint - A class action securities lawsuit has been filed against Fly-E Group, Inc. for alleged securities fraud affecting investors between July 15, 2025, and August 14, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that defendants made false statements and concealed information regarding the Company's projected revenue outlook and anticipated sales, leading to a misleading impression of Fly-E's financial health [2]. - It is alleged that Fly-E's optimistic revenue goals and demand for its electric vehicle (EV) products fell short of reality, with defendants downplaying risks related to lithium battery supply chains and regulatory challenges [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until November 7, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, ensuring no financial obligation to participate [3]. Group 3: Legal 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, highlighting its expertise in complex securities cases [4].

Core Viewpoint - Fly-E Group, Inc. is facing a class action lawsuit due to significant financial losses and misleading statements made by the company regarding its business operations and prospects during the class period from July 15, 2025, to August 14, 2025 [3][5]. Financial Performance - On August 14, 2025, Fly-E reported a 32% year-over-year decline in net revenues, primarily attributed to decreased unit sales following multiple lithium-battery accidents involving its E-Bikes and E-Scooters [3]. - Following this announcement, Fly-E's stock price plummeted by $6.76, or 87.1%, closing at $1.00 per share on August 15, 2025, resulting in significant losses for investors [4]. Legal Proceedings - A class action lawsuit has been filed alleging that Fly-E's management made materially false and misleading statements about the company's brand reputation, cost reductions, and the risks associated with lithium batteries, which misled investors about the company's true financial health [5]. - Investors who purchased Fly-E securities during the class period are encouraged to file a lead plaintiff motion by the deadline of November 7, 2025, if they meet certain legal requirements [6].

Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of Fly-E Group, Inc. securities, alleging that the company provided misleading statements regarding the safety of its lithium battery, which negatively impacted its E-vehicle sales revenue during the class period from July 15, 2025, to August 14, 2025 [1][5]. Group 1: Lawsuit Details - The class action lawsuit claims that Fly-E Group made overwhelmingly positive statements while concealing material adverse facts about its lithium battery safety, leading to a decline in sales and increased operating expenses [5]. - Investors who purchased Fly-E securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Participation Information - Interested parties can join the class action by visiting the provided link or contacting Phillip Kim, Esq. for more information [3][6]. - A lead plaintiff must file a motion with the court by November 10, 2025, to represent other class members in the litigation [1][3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has recovered hundreds of millions of dollars for investors and has been consistently ranked among the top firms in securities class action settlements [4].

Core Viewpoint - A class action securities lawsuit has been filed against Fly-E Group, Inc. due to alleged securities fraud affecting investors between July 15, 2025, and August 14, 2025 [2][3]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who were misled by false statements regarding Fly-E Group's projected revenue and sales outlook [2][3]. - Defendants allegedly created a false impression of reliable information about the company's revenue goals and demand for its electric vehicle (EV) products, which did not align with actual performance [3]. - The complaint highlights that the defendants downplayed risks related to lithium battery supply chains, regulatory challenges, and demand fluctuations for Fly-E's E-Bikes and E-Scooters [3]. Group 2: Investor Information - Investors who suffered losses during the specified period have until November 7, 2025, to request appointment as lead plaintiff, although participation does not require this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: Legal 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 [5]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as a leading securities litigation firm in the United States [5].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fly-E Group, Inc. regarding a class action lawsuit due to alleged false statements and concealment of information related to the company's revenue outlook and sales performance [1][3]. Group 1: Allegations and Class Action Details - The class period for the lawsuit is from July 15, 2025, to August 14, 2025 [3]. - Allegations include that defendants misrepresented the reliability of information regarding Fly-E's projected revenue and sales, leading to an inflated perception of the company's performance [3]. - The complaint states that Fly-E's optimistic revenue goals and demand for its electric vehicle (EV) products did not align with actual performance, with risks related to lithium batteries, supply chain changes, and regulatory environments being downplayed [3]. Group 2: Shareholder Actions and Deadlines - Shareholders are encouraged to register for the class action by November 7, 2025, to potentially be appointed as lead plaintiffs [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [4]. - Participation in the case incurs no cost or obligation for shareholders [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].

Group 1 - The article discusses a securities fraud class action being encouraged by the Law Offices of Frank R. Cruz for investors of Fly-E Group, Inc. (FLYE) [1] - The law firm is reaching out to investors who may have been affected by the alleged fraud to inquire about their rights and potential claims [1] - The focus is on protecting the interests of investors and holding the company accountable for any misleading information [1]

Core Viewpoint - A class action has been filed against Fly-E Group, Inc. for allegedly misleading investors regarding its business prospects and revenue outlook during a specific period [1][2]. Company Overview - Fly-E Group, Inc. operates in the electric vehicle sector, designing, installing, and selling smart electric motorcycles, electric bikes, electric scooters, and related accessories under the Fly E-Bike brand in the United States, Mexico, and Canada [1]. Allegations - The complaint alleges that Fly-E Group misrepresented its revenue projections and sales expectations, creating a false impression of reliable business prospects [2]. - Defendants are accused of downplaying risks associated with lithium batteries, supply chain changes, and regulatory challenges while overstating the company's brand reputation and cost advantages [2]. Financial Performance - On August 14, 2025, Fly-E reported a significant 32% decrease in net revenue compared to the same period in 2024, primarily attributed to a decline in total units sold due to safety concerns regarding lithium batteries [3]. - Following the revenue announcement, Fly-E's stock price plummeted approximately 87%, from $7.76 per share to $1.00 per share within a single day [3]. Legal Proceedings - Shareholders may be eligible to participate in the class action against Fly-E Group, with options to serve as lead plaintiff or remain an absent class member [4]. - Robbins LLP, the law firm handling the case, operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless a recovery is achieved [5].