NEW YORK, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Fly-E Group, Inc. ("Fly-E" or the "Company") (NASDAQ: FLYE) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Fly-E investors who were adversely affected by alleged securities fraud between July 15, 2025 and August 14, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/fly-e-group-inc-lawsuit-submissi ...

NEW YORK, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Fly-E Group, Inc. ("Fly-E" or the "Company") (NASDAQ: FLYE) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Fly-E investors who were adversely affected by alleged securities fraud between July 15, 2025 and August 14, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/fly-e-group-inc-lawsuit-submissi ...

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].

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]

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 misleading 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 announcement, Fly-E's stock price plummeted from $7.76 per share to $1.00 per share, marking an approximately 87% decline in just one day [2] Group 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 this role [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4]