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]

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].

Core Points - A shareholder class action lawsuit has been filed against Fly-E Group, Inc. alleging materially false and misleading statements regarding its lithium battery, supply chain changes, regulatory environment, and demand fluctuations for E-Bikes and E-Scooters [1] - The lawsuit specifically targets shareholders who purchased shares between July 15, 2025, and August 14, 2025, and experienced significant losses [2] - Holzer & Holzer, LLC, a law firm specializing in securities litigation, is representing the shareholders in this case and has a history of recovering substantial amounts for investors affected by corporate misconduct [3]