Core Points - The Gross Law Firm has issued a notice to shareholders of Fly-E Group, Inc. regarding a class action lawsuit due to misleading statements about the safety of its lithium batteries, which negatively impacted E-vehicle sales revenue [1] - The class period for the lawsuit is from July 15, 2025, to August 14, 2025, with a significant revenue decline of 32% reported on August 14, 2025, attributed to decreased unit sales and recent lithium-battery accidents [1] - Following the revelation of these issues, Fly-E's stock price plummeted approximately 87%, from $7.76 per share to $1.00 per share in one day [1] Company and Industry Summary - Fly-E Group, Inc. faced allegations of providing overly positive statements while concealing material adverse facts about its lithium battery safety, leading to a significant drop in sales and revenue projections [1] - The company reported a substantial decrease in net revenues, primarily driven by a decline in total units sold, which was linked to recent accidents involving its lithium batteries [1] - The Gross Law Firm is actively seeking to protect the rights of investors who suffered losses due to the company's misleading practices, emphasizing the importance of corporate responsibility and transparency [3]
Class Action Filed Against Fly-E Group, Inc. (FLYE) - November 10, 2025 Deadline to Join - Contact The Gross Law Firm