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 in reality, the company's optimistic goals fell short [7]. - The complaint highlights that Fly-E's revenue decreased by 32% compared to the same period in 2024, primarily due to a decline in total units sold, attributed to customer hesitance stemming from lithium battery explosion incidents [7]. - Following the SEC filing on August 14, 2025, which disclosed the revenue drop, Fly-E's stock price plummeted approximately 87%, from $7.76 per share to $1.00 per share within a day [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 DEADLINE: Bragar Eagel & Squire, P.C. Reminds Fly-E Investors of the November 7th Deadline in the Filed Class Action Lawsuit