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] Summary by Sections Class Action Lawsuit - The lawsuit aims to recover losses for Fly-E investors affected by alleged securities fraud during the specified period [1] - Investors can contact Levi & Korsinsky for more information and assistance [1] Case Details - Defendants allegedly made overly positive statements while concealing material adverse facts about the safety of Fly-E's lithium battery, which affected E-vehicle sales revenue [2] - Fly-E's revenue projections were derailed as sales declined and operating expenses increased [2] - On August 14, 2025, Fly-E reported a 32% decrease in net revenues, primarily due to a drop in total units sold, linked to recent lithium-battery accidents [2] - Following this revelation, Fly-E's stock price plummeted from $7.76 to $1.00 per share, a decline of approximately 87% in one day [2] Next Steps for Investors - Investors who suffered losses during the relevant timeframe have until November 10, 2025, to request appointment as lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Firm Background - Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4] - The firm has been recognized as one of the top securities litigation firms in the U.S. for seven consecutive years [4]
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of November 10, 2025 in Fly-E Lawsuit – FLYE