Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fly-E Group, Inc. regarding a class action lawsuit due to alleged false statements and concealment of information related to the company's revenue outlook and sales performance [1][3]. Group 1: Allegations and Class Action Details - The class period for the lawsuit is from July 15, 2025, to August 14, 2025 [3]. - Allegations include that defendants misrepresented the reliability of information regarding Fly-E's projected revenue and sales, leading to an inflated perception of the company's performance [3]. - The complaint states that Fly-E's optimistic revenue goals and demand for its electric vehicle (EV) products did not align with actual performance, with risks related to lithium batteries, supply chain changes, and regulatory environments being downplayed [3]. Group 2: Shareholder Actions and Deadlines - Shareholders are encouraged to register for the class action by November 7, 2025, to potentially be appointed as lead plaintiffs [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [4]. - Participation in the case incurs no cost or obligation for shareholders [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].
FLYE LAWSUIT ALERT: The Gross Law Firm Notifies Fly-E Group, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline