Flywire(US:FLYW) Prnewswireยท2025-07-28 23:41Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors who acquired Flywire Corporation securities during a specified period, alleging that the company misled investors about its business prospects and revenue growth sustainability [1][2]. Group 1: Allegations and Financial Impact - The complaint asserts that Flywire Corporation failed to disclose the overstated strength and sustainability of its revenue growth [2]. - It is alleged that the company understated 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, revealing expected revenue declines of over 30% year-over-year in Canadian and Australian markets due to recent policy changes and new visa rules [3]. - Following this announcement, Flywire's stock price dropped by $6.59 per share, or 37.36%, closing at $11.05 per share on February 26, 2025, as multiple analysts downgraded their recommendations and cut price targets [3]. Group 2: Class Action Participation - Shareholders may be eligible to participate in the class action against Flywire Corporation, with options to serve as lead plaintiff or remain an absent class member [4]. - The representation in the class action is on a contingency fee basis, meaning shareholders incur no fees or expenses [5].