Core Viewpoint - A class action lawsuit has been filed against Fly-E Group, Inc. for allegedly misleading investors regarding its revenue outlook and sales performance during the class period from July 15, 2025, to August 14, 2025 [7]. Allegation Details - The lawsuit claims that Fly-E's management created a false impression of reliable information about the company's projected revenue and sales, while the actual demand for its electric vehicle products fell short [7]. - A significant 32% decrease in Fly-E's net revenue was reported, attributed to a decline in total units sold, as customers were deterred by incidents of lithium battery explosions [7]. - The company's stock price plummeted approximately 87% from $7.76 per share on August 14, 2025, to $1.00 per share on August 15, 2025, following the negative news [7]. Next Steps - Investors who purchased Fly-E shares during the class period and suffered losses are encouraged to contact the law firm Bragar Eagel & Squire for more information and to discuss their legal rights [4][8].
FLY-E CLASS ACTION REMINDER: Bragar Eagel & Squire, P.C. Reminds Investors in Fly-E to Contact the Firm Before November 7th Regarding their Rights