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 [2][3]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who were misled by false statements regarding the company's revenue outlook and sales projections [2][3]. - Defendants allegedly created a false impression of reliable information about Fly-E's projected revenue, while the actual demand for its electric vehicle (EV) products fell short [3]. - The complaint highlights that the defendants downplayed risks associated with lithium battery supply chains, regulatory environments, and demand fluctuations for Fly-E's E-Bikes and E-Scooters [3]. Group 2: Investor Information - Investors affected by the alleged fraud have until November 7, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions 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 U.S. [5].
Fly-E Group, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before November 7, 2025 to Discuss Your Rights - FLYE