Core Viewpoint - Fly-E Group, Inc. is facing a class action securities lawsuit due to alleged securities fraud that negatively impacted investors between July 15, 2025, and August 14, 2025 [1][2] Group 1: Lawsuit Details - The lawsuit claims that Fly-E provided misleading positive statements while concealing material adverse facts about the safety of its lithium batteries, which affected E-vehicle sales revenue [2] - On August 14, 2025, Fly-E reported a 32% decrease in net revenues, primarily due to a decline in total units sold, attributed to recent lithium-battery accidents involving E-Bikes and E-Scooters [2] - Following the announcement, Fly-E's stock price plummeted from $7.76 per share to $1.00 per share, marking an approximately 87% decline in just one day [2] Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until November 10, 2025, to request appointment as lead plaintiff, although participation does not require this role [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4]
Investors who lost money on Fly-E Group, Inc.(FLYE) should contact Levi & Korsinsky about pending Class Action - FLYE