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ROSEN, A LONGSTANDING FIRM, Encourages Fly-E Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – FLYE
Globenewswire· 2025-10-28 21:06
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Fly-E Group, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - The Class Period for the Fly-E Group, Inc. securities is from July 15, 2025, to August 14, 2025, inclusive [1]. - Investors who purchased Fly-E securities during this period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by November 10, 2025 [2]. Group 2: Legal Representation - Investors are encouraged to select qualified legal counsel with a proven track record in securities class actions [3]. - Rosen Law Firm has a history of significant settlements, including the largest securities class action settlement against a Chinese company at the time [3]. - The firm has consistently ranked highly in securities class action settlements and has recovered hundreds of millions of dollars for investors [3]. Group 3: Case Allegations - The lawsuit alleges that Fly-E Group provided misleading statements regarding the safety of its lithium battery, which negatively impacted its E-vehicle sales revenue [4]. - Despite optimistic long-term projections, Fly-E's sales continued to decline, and operating expenses increased, leading to a failure in revenue projections [4]. - The lawsuit claims that when the true details about the company's performance were revealed, investors suffered damages [4].
Lost Money on Fly-E Group, Inc.(FLYE)? Join Class Action Suit Seeking Recovery - Contact Levi & Korsinsky
Prnewswire· 2025-10-28 12:45
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 Relevant Sections Class Action Details - The lawsuit claims that Fly-E provided overly positive statements while concealing material adverse facts about the safety of its lithium batteries, which adversely affected E-vehicle sales revenue [2]. - On August 14, 2025, Fly-E disclosed a 32% decrease in net revenues, primarily due to a drop in total units sold, linked to recent lithium-battery accidents involving E-Bikes and E-Scooters [2]. - Following this disclosure, Fly-E's stock price plummeted from $7.76 per share to $1.00 per share, marking an approximate 87% decline in just one day [2]. Next Steps for Investors - Investors who suffered losses during the specified timeframe have until November 10, 2025, to request appointment as lead plaintiff, although participation does not require serving in this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Firm Background - Levi & Korsinsky, LLP has a history of securing significant recoveries for shareholders and is recognized as one of the top securities litigation firms in the United States [4].
Contact Levi & Korsinsky by November 10, 2025 Deadline to Join Class Action Against Fly-E Group, Inc.(FLYE)
Prnewswire· 2025-10-21 13:00
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 Relevant Sections Class Action Details - The lawsuit claims that Fly-E provided misleading positive statements while concealing material adverse facts about the safety of its lithium batteries, which adversely affected E-vehicle sales revenue [2]. - On August 14, 2025, Fly-E disclosed a 32% decrease in net revenues, primarily due to a drop in total units sold, attributed to recent lithium-battery accidents involving E-Bikes and E-Scooters [2]. - Following this disclosure, Fly-E's stock price plummeted from $7.76 per share to $1.00 per share, marking an approximate 87% decline in just one day [2]. Next Steps for Investors - Investors who suffered losses during the specified timeframe have until November 10, 2025, to request appointment as lead plaintiff, although participation does not require serving in this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].
Investors who lost money on Fly-E Group, Inc. (FLYE) should contact Levi & Korsinsky about pending Class Action - FLYE
Globenewswire· 2025-10-17 20:43
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] Company Performance - The lawsuit claims that Fly-E provided overly positive statements while concealing material adverse facts about the safety of its lithium batteries, which affected E-vehicle sales revenue [2] - On August 14, 2025, Fly-E reported a 32% decrease in net revenues, primarily due to a decline in total units sold, attributed to recent lithium-battery accidents involving E-Bikes and E-Scooters [2] - Following the negative news, Fly-E's stock price plummeted from $7.76 per share on August 14, 2025, to $1.00 per share on August 15, 2025, marking an approximate 87% decline in just one day [2] Legal Proceedings - Investors who suffered losses during the specified timeframe have until November 10, 2025, to request appointment as lead plaintiff, although participation does not require serving in this role [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4]
Fly-E Group, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before November 10, 2025 to Discuss Your Rights - FLYE
Prnewswire· 2025-10-17 12:45
Core Points - A class action securities lawsuit has been filed against Fly-E Group, Inc. for alleged securities fraud affecting investors between July 15, 2025, and August 14, 2025 [1][2] - The lawsuit claims that Fly-E made misleading statements regarding the safety of its lithium batteries, which negatively impacted E-vehicle sales revenue, despite optimistic long-term projections [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 announcement, Fly-E's stock price plummeted approximately 87%, from $7.76 per share to $1.00 per share in one day [2] Case Details - The lawsuit seeks to recover losses for investors who were adversely affected by the alleged fraud during the specified period [1] - Investors have until November 10, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require this [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Legal Representation - Levi & Korsinsky, LLP 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 in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as a leading securities litigation firm in the U.S. [4]
Fly-E Group, Inc. Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm for More Information - FLYE
Prnewswire· 2025-10-13 13:00
Core Viewpoint - The Gross Law Firm is notifying shareholders of Fly-E Group, Inc. about a potential class action lawsuit due to misleading statements regarding the safety of its lithium batteries, which negatively impacted the company's E-vehicle sales and stock price [1][2]. Group 1: Allegations and Impact - The complaint alleges that Fly-E Group provided overly positive statements while concealing material adverse facts about the safety of its lithium batteries, leading to a significant decline in E-vehicle sales revenue [1]. - On August 14, 2025, Fly-E reported a 32% decrease in net revenues, primarily due to a drop in total units sold, which was attributed to recent lithium-battery accidents involving E-Bikes and E-Scooters [1]. - Following the revelation, Fly-E's stock price plummeted from $7.76 per share to $1.00 per share on August 15, 2025, marking an approximate 87% decline in just one day [1]. Group 2: Class Action Details - Shareholders who purchased shares during the specified class period (July 15, 2025, to August 14, 2025) are encouraged to register for the class action, with a deadline to seek lead plaintiff status set for November 10, 2025 [2]. - Registered shareholders will be enrolled in a portfolio monitoring system to receive updates throughout the case lifecycle, with no cost or obligation to participate [2]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit, fraud, and illegal business practices, ensuring companies adhere to responsible business practices [3]. - The firm seeks recovery for investors who suffered losses due to false or misleading statements that artificially inflated stock prices [3].
Levi & Korsinsky Reminds Fly-E Group, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of November 10, 2025 – FLYE
Globenewswire· 2025-10-06 20:54
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 Details - The lawsuit aims to recover losses for Fly-E investors who were affected by misleading statements regarding the safety of Fly-E's lithium battery, which adversely impacted E-vehicle sales revenue [2] - The company made optimistic long-term projections, but actual sales declined and operating expenses increased, leading to a significant shortfall in revenue expectations [2] Financial Impact - On August 14, 2025, Fly-E reported a 32% decrease in net revenues, primarily due to a drop in total units sold, which was attributed to recent lithium-battery accidents involving E-Bikes and E-Scooters [2] - Following this announcement, Fly-E's stock price plummeted from $7.76 per share to $1.00 per share on August 15, 2025, marking an approximate 87% decline in just one day [2] Next Steps for Investors - Investors who suffered losses during the specified timeframe have until November 10, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a 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 of dollars for shareholders over the past 20 years [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the U.S. [4]
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of November 10, 2025 in Fly-E Lawsuit – FLYE
Globenewswire· 2025-10-01 20:25
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 Notifies Fly-E Group, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - FLYE
Prnewswire· 2025-10-01 12:45
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]. Group 1: Lawsuit Details - The lawsuit claims that Fly-E provided overly positive statements while concealing material adverse facts regarding the safety of its lithium battery, which adversely affected E-vehicle sales revenue [2]. - On August 14, 2025, Fly-E filed a form NT 10-Q, revealing a 32% decrease in net revenues, primarily due to a decline in total units sold, attributed to recent lithium-battery accidents involving E-Bikes and E-Scooters [2]. - Following this disclosure, Fly-E's stock price plummeted from $7.76 per share to $1.00 per share on August 15, 2025, marking an approximate 87% decline in a single day [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the relevant timeframe have until November 10, 2025, to request the Court to appoint them as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
Fly-E Group, Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before November 10, 2025 to Discuss Your Rights - FLYE
Prnewswire· 2025-09-29 12:45
Core Points - The Gross Law Firm has issued a notice to shareholders of Fly-E Group, Inc. regarding a potential class action lawsuit due to misleading statements about the safety of its lithium batteries, which negatively impacted E-vehicle sales revenue [2][4] - The class period for the lawsuit is from July 15, 2025, to August 14, 2025, during which Fly-E allegedly provided overly positive statements while concealing material adverse facts [2][3] - On August 14, 2025, Fly-E reported a 32% decrease in net revenues, primarily due to a decline in total units sold, attributed to recent lithium-battery accidents [2][3] - Following the revelation, Fly-E's stock price plummeted from $7.76 per share to $1.00 per share, marking an approximate 87% decline in a single day [2][3] Company and Industry Summary - Fly-E Group, Inc. is facing legal challenges due to allegations of providing false and misleading information regarding the safety of its lithium batteries, which has led to significant financial losses for shareholders [2][4] - The company's revenue projections were significantly impacted as sales continued to decline while operating expenses increased, indicating potential mismanagement or over-optimism in forecasting [2][3] - The class action lawsuit aims to hold Fly-E accountable for the alleged deceitful practices that resulted in artificial inflation of its stock price prior to the disclosure of the adverse information [4]