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FLYE DEADLINE NOTICE: ROSEN, LEADING INVESTOR RIGHTS COUNSEL, Encourages Fly-E Group, Inc. Investors to Secure Counsel Before Important November 10 Deadline in Securities Class Action - FLYE
Newsfile· 2025-11-09 20:02
Core Points - Rosen Law Firm is reminding investors of Fly-E Group, Inc. about the November 10, 2025 deadline to join a securities class action lawsuit for those who purchased shares between July 15, 2025, and August 14, 2025 [1][2] Group 1: Class Action Details - Investors who purchased Fly-E securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties must move the Court by November 10, 2025, to serve as lead plaintiff, representing other class members [3][6] Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company at the time [4] - The firm has consistently ranked in the top 4 for securities class action settlements since 2013 and recovered hundreds of millions of dollars for investors, including over $438 million in 2019 [4] Group 3: Case Allegations - The lawsuit alleges that Fly-E Group provided misleading statements regarding the safety of its lithium battery, which negatively impacted E-vehicle sales revenue, despite optimistic long-term projections [5] - The company’s forecasting processes reportedly failed, leading to declining sales and increased operating expenses, ultimately affecting revenue projections [5]
FLYE Deadline: FLYE Investors Have Opportunity to Lead Fly-E Group, Inc. Securities Fraud Lawsuit
Prnewswire· 2025-11-06 22:33
Core Points - Rosen Law Firm is reminding purchasers of Fly-E Group, Inc. securities about the lead plaintiff deadline for a class action lawsuit, which is set for November 10, 2025 [1][3] - Investors who purchased Fly-E securities during the specified class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] Company Details - The lawsuit alleges that Fly-E Group provided misleading statements regarding the safety of its lithium batteries, which negatively impacted its electric vehicle sales revenue [5] - Despite optimistic long-term projections, Fly-E's sales continued to decline while operating expenses increased, leading to a failure in meeting revenue forecasts [5] Legal Process - A class action lawsuit has already been filed, and interested investors can join by contacting Rosen Law Firm [3][6] - Investors are advised to select qualified legal counsel with a successful track record in securities class actions [4]
Shareholders of Fly-E Group, Inc. Should Contact Levi & Korsinsky Before November 10, 2025 to Discuss Your Rights – FLYE
Globenewswire· 2025-09-19 20:41
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 regarding 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 revenue report, 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] Legal Proceedings - Investors who suffered losses during the specified timeframe have until November 10, 2025, to request to be appointed as lead plaintiff in the lawsuit [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]