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FLYWIRE SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Flywire Corporation - FLYW
FlywireFlywire(US:FLYW) GlobeNewswire News Roomยท2025-07-30 02:36

Core Viewpoint - A securities class action lawsuit has been filed against Flywire Corporation for failing to disclose material information during the Class Period, which may have led to economic losses for investors [3]. Summary by Sections Lawsuit Details - Investors who purchased Flywire securities between February 28, 2024, and February 25, 2025, have until September 23, 2025, to file lead plaintiff applications [1]. - The lawsuit is pending in the United States District Court for the Eastern District of New York [1]. Financial Performance - On February 25, 2025, Flywire reported a Q4 2024 loss per share of $0.12, missing consensus estimates by $0.12, and revenue of $117.6 million, which was $1.25 million below expectations [4]. - The company attributed its financial performance to a "complex macro environment with significant headwinds" and announced plans for an operational review and restructuring affecting approximately 10% of its workforce [4]. - Following the announcement, Flywire's share price dropped by $6.59, or 37.36%, closing at $11.05 on February 26, 2025 [4]. Legal Representation - Kahn Swick & Foti, LLC, a prominent securities litigation law firm, is representing the investors in this case [5]. - The firm has been recognized among the top 10 nationally based on total settlement value and serves both institutional and retail investors [5].