Core Viewpoint - Investors in Fly-E Group, Inc. have the opportunity to lead a securities fraud class action lawsuit due to alleged misleading statements made by the company's defendants regarding its business operations and market conditions [1][2]. Summary by Relevant Sections Lawsuit Details - The lawsuit claims that from July 15, 2025, to August 14, 2025, the defendants failed to disclose critical information about Fly-E's brand reputation, cost reductions, and supplier pricing, which were presented as key factors for the company's sales growth [2]. - It is alleged that the defendants minimized risks related to lithium battery issues, supply chain changes, regulatory challenges, and demand fluctuations for Fly-E's E-Bikes and E-Scooters [2]. - The positive statements made by the defendants regarding the company's business and prospects were deemed materially misleading and lacked a reasonable basis during the relevant period [2]. Participation Information - Investors who suffered losses in Fly-E are encouraged to participate in the ongoing lawsuit before the lead plaintiff deadline of November 7, 2025 [2]. - Interested parties can contact the Law Offices of Frank R. Cruz for more information or to learn about their rights regarding the lawsuit [3][4].
Fly-E Group, Inc. (FLYE) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit