Core Points - A class action securities lawsuit has been filed against Fly-E Group, Inc. for alleged securities fraud occurring between July 15, 2025, and August 14, 2025 [1][2] - The lawsuit claims that the defendants misrepresented the company's revenue outlook and demand for its electric vehicle (EV) products, leading to a false impression of the company's financial health [2] - Investors affected by the alleged fraud have until November 7, 2025, to request to be appointed as lead plaintiff in the case [3] Company Details - The complaint alleges that Fly-E Group's optimistic revenue goals and demand for its EV products, including E-Bikes and E-Scooters, did not align with actual performance [2] - Defendants are accused of downplaying risks related to lithium battery supply chains, regulatory challenges, and demand fluctuations while promoting the company's brand reputation and cost reductions [2] Legal Representation - 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 as one of the top securities litigation firms in the United States for seven consecutive years [4]
Levi & Korsinsky Notifies Shareholders of Fly-E Group, Inc. (FLYE) of a Class Action Lawsuit and an Upcoming Deadline