Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of Fly-E Group, Inc. securities, alleging that the company provided misleading statements regarding the safety of its lithium battery, which negatively impacted its E-vehicle sales revenue during the class period from July 15, 2025, to August 14, 2025 [1][5]. Group 1: Lawsuit Details - The class action lawsuit claims that Fly-E Group made overwhelmingly positive statements while concealing material adverse facts about its lithium battery safety, leading to a decline in sales and increased operating expenses [5]. - Investors who purchased Fly-E securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Participation Information - Interested parties can join the class action by visiting the provided link or contacting Phillip Kim, Esq. for more information [3][6]. - A lead plaintiff must file a motion with the court by November 10, 2025, to represent other class members in the litigation [1][3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has recovered hundreds of millions of dollars for investors and has been consistently ranked among the top firms in securities class action settlements [4].
FLYE Investors Have Opportunity to Lead Fly-E Group, Inc. Securities Fraud Lawsuit