Core Viewpoint - A class action securities lawsuit has been filed against Fly-E Group, Inc. due to 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 Fly-E Group's projected revenue and sales outlook [2][3]. - Defendants allegedly created a false impression of reliable information about the company's revenue goals and demand for its electric vehicle (EV) products, which did not align with actual performance [3]. - The complaint highlights that the defendants downplayed risks related to lithium battery supply chains, regulatory challenges, and demand fluctuations for Fly-E's E-Bikes and E-Scooters [3]. Group 2: Investor Information - Investors who suffered losses during the specified period have until November 7, 2025, to request appointment as lead plaintiff, although participation does not require this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: Legal Firm Background - 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 [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 United States [5].
Fly-E Group, Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - FLYE