Workflow
Shareholder Alert: Robbins LLP Informs Investors of the Flywire Corporation Class Action
FlywireFlywire(US:FLYW) GlobeNewswire News Roomยท2025-07-26 00:14

Core Points - A class action has been filed against Flywire Corporation on behalf of investors who acquired its securities between February 28, 2024, and February 25, 2025 [1] - Allegations include that Flywire misled investors about the sustainability of its revenue growth and downplayed the negative impact of permit and visa-related restrictions on its business [2] - On February 25, 2025, Flywire announced disappointing financial results for Q4 and FY 2024, expecting revenue declines of over 30% year-over-year in Canadian and Australian markets due to policy changes and new visa rules [3] Company Performance - Flywire's stock price fell by $6.59 per share, or 37.36%, closing at $11.05 per share on February 26, 2025, following the announcement of poor financial results and subsequent analyst downgrades [3] Legal Proceedings - Shareholders may be eligible to participate in the class action against Flywire, with options to serve as lead plaintiff or remain an absent class member [4]