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FLYW CLASS REMINDER: Suffer Losses on Your Flywire Corporation Investment? Contact BFA Law before the September 23 Court Deadline (NASDAQ:FLYW)
GlobeNewswire News Room· 2025-08-23 11:08
NEW YORK, Aug. 23, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Flywire Corporation (NASDAQ: FLYW) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Flywire, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/flywire-corporation-class-action-lawsuit. Investors have until September 23, 2025, to ask the Court to b ...
FLYW LOSS ALERT: Flywire Corporation Investors with Losses are Reminded of the September 23 Class Action Deadline – Contact BFA Law (NASDAQ:FLYW)
GlobeNewswire News Room· 2025-08-17 11:23
Core Viewpoint - A lawsuit has been filed against Flywire Corporation and its senior executives for potential violations of federal securities laws, with claims related to the company's alleged misrepresentation of its revenue growth and the impact of visa-related restrictions on its business [1][2][4]. Group 1: Lawsuit Details - Investors have until September 23, 2025, to request to lead the case, which is pending in the U.S. District Court for the Eastern District of New York [2]. - The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Flywire securities [2]. Group 2: Company Background - Flywire operates as a payments-enablement and software company, primarily serving the education sector, which relies heavily on international enrollments and student preferences [3]. - The company has faced challenges due to tightening student visa and permitting rules implemented by the Canadian and Australian governments in late 2023 and early 2024 [3]. Group 3: Allegations and Impact - The lawsuit alleges that Flywire overstated the strength and sustainability of its revenue growth while downplaying the negative impacts of permit- and visa-related restrictions [4]. - On February 25, 2025, Flywire reported significant deterioration in its education sector business, citing "double digit declines in student visa issuance" in key markets, leading to a stock price decline of approximately 37% from $17.64 to $11.05 per share [5].
FLYW FRAUD REMINDER: Flywire Corporation Stock Drop Triggers Securities Fraud Class Action – Contact BFA Law before Imminent September 23 Deadline (NASDAQ:FLYW)
GlobeNewswire News Room· 2025-08-15 12:18
Core Viewpoint - A lawsuit has been filed against Flywire Corporation and its senior executives for potential violations of federal securities laws, with claims related to the company's misrepresentation of its revenue growth and the impact of visa and permit restrictions on its business [1][2][4]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Eastern District of New York, titled Hickman v. Flywire Corp., et al., No. 1:25-cv-04110 [2]. - Investors have until September 23, 2025, to request to be appointed to lead the case [2]. Group 2: Company Background - Flywire operates as a payments-enablement and software company, primarily serving the education sector, which is heavily reliant on international student enrollments [3]. - The company has faced challenges due to tightening student visa and permitting rules implemented by the Canadian and Australian governments in late 2023 and early 2024 [3]. Group 3: Allegations and Impact - The lawsuit alleges that Flywire overstated the strength and sustainability of its revenue growth while downplaying the negative impacts of visa-related restrictions [4]. - On February 25, 2025, Flywire disclosed significant deterioration in its education sector business, citing "double digit declines in student visa issuance" and anticipated continued restrictions [5]. - Following this announcement, Flywire's stock price fell approximately 37%, from $17.64 per share to $11.05 per share within a day [5].
FLYW COURT NOTICE: Flywire Corporation Investors may have been Affected by Fraud -- Contact BFA Law before September 23 if You Suffered Losses (NASDAQ:FLYW)
GlobeNewswire News Room· 2025-08-11 12:18
Core Viewpoint - A lawsuit has been filed against Flywire Corporation and its senior executives for potential violations of federal securities laws, with claims related to the company's misrepresentation of its revenue growth and the impact of visa-related restrictions on its business [1][2][4]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Eastern District of New York, titled Hickman v. Flywire Corp., et al., No. 1:25-cv-04110, with investors having until September 23, 2025, to seek lead plaintiff status [2]. - The complaint alleges violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Flywire securities [2]. Group 2: Company Background - Flywire operates as a payments-enablement and software company, primarily serving the education sector, which relies heavily on international enrollments and student preferences [3]. - The company has faced challenges due to tightening student visa and permitting rules implemented by the Canadian and Australian governments in late 2023 and early 2024 [3]. Group 3: Financial Impact - Despite adverse conditions, Flywire reportedly overstated the sustainability of its revenue growth while downplaying the negative impacts of permit and visa restrictions [4]. - On February 25, 2025, Flywire disclosed significant deterioration in its education sector business, citing "double digit declines in student visa issuance" in key markets, leading to a stock price drop of approximately 37%, from $17.64 to $11.05 per share [5].
FLYW NEWS: Did Flywire Corporation Mislead Investors? Contact BFA Law by September 23 Class Action Deadline (NASDAQ:FLYW)
GlobeNewswire News Room· 2025-08-09 11:36
Core Viewpoint - A lawsuit has been filed against Flywire Corporation and its senior executives for potential violations of federal securities laws, with claims related to the company's misrepresentation of its revenue growth and the impact of visa-related restrictions on its business [1][2][4]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Eastern District of New York, titled Hickman v. Flywire Corp., et al., No. 1:25-cv-04110 [2]. - Investors have until September 23, 2025, to request to be appointed to lead the case [2]. Group 2: Company Background - Flywire operates as a payments-enablement and software company, primarily serving the education sector, which relies heavily on international enrollments [3]. - The company has faced challenges due to tightening student visa and permitting rules implemented by the Canadian and Australian governments in late 2023 and early 2024 [3]. Group 3: Allegations and Impact - The lawsuit alleges that Flywire overstated the strength and sustainability of its revenue growth while downplaying the negative impacts of permit- and visa-related restrictions [4]. - On February 25, 2025, Flywire disclosed significant deterioration in its education sector business, citing "double digit declines in student visa issuance" and anticipated continued restrictions [5]. - Following this announcement, Flywire's stock price fell approximately 37%, from $17.64 per share to $11.05 per share within a day [5].
FLYW CLASS ACTION: Flywire Corporation Investors that Lost Money may have been Affected by Fraud -- Contact BFA Law by September 23 Legal Deadline (NASDAQ:FLYW)
GlobeNewswire News Room· 2025-08-05 12:18
Core Viewpoint - A lawsuit has been filed against Flywire Corporation and its senior executives for potential violations of federal securities laws, with claims related to the company's misrepresentation of its revenue growth and the impact of visa-related restrictions on its business [1][2][4]. Group 1: Lawsuit Details - Investors have until September 23, 2025, to request to lead the case, which is pending in the U.S. District Court for the Eastern District of New York [2]. - The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Flywire securities [2]. Group 2: Company Background - Flywire operates as a payments-enablement and software company, primarily serving the education sector, which relies heavily on international enrollments and student preferences [3]. - The company has faced challenges due to tightening student visa and permitting rules implemented by the Canadian and Australian governments in late 2023 and early 2024 [3]. Group 3: Financial Misrepresentation Allegations - Despite facing headwinds, Flywire allegedly overstated the strength and sustainability of its revenue growth while downplaying the negative impacts of permit- and visa-related restrictions [4]. - The lawsuit claims that Flywire's management misrepresented the company's financial condition, leading to significant investor losses [4]. Group 4: Stock Performance - On February 25, 2025, Flywire announced a significant deterioration in its education sector business, citing "double digit declines in student visa issuance" and anticipated continued restrictions [5]. - Following this announcement, Flywire's stock price dropped approximately 37%, from $17.64 per share to $11.05 per share within a day [5].
FLYW LEGAL ALERT: Lose Money on Your Flywire Corporation Investment? Contact BFA Law by September 23 Class Action Deadline (NASDAQ:FLYW)
GlobeNewswire News Room· 2025-08-03 11:07
Core Viewpoint - A lawsuit has been filed against Flywire Corporation and its senior executives for potential violations of federal securities laws, with claims related to the company's misrepresentation of its revenue growth and the impact of visa-related restrictions on its business [1][2][4]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Eastern District of New York, titled Hickman v. Flywire Corp., et al., No. 1:25-cv-04110 [2]. - Investors have until September 23, 2025, to request to be appointed to lead the case [2]. Group 2: Company Background - Flywire operates as a payments-enablement and software company, primarily serving the education sector, which is heavily reliant on international enrollments [3]. - The company has faced challenges due to tightening student visa and permitting rules implemented by the Canadian and Australian governments in late 2023 and early 2024 [3]. Group 3: Allegations and Impact - The lawsuit alleges that Flywire overstated the strength and sustainability of its revenue growth while downplaying the negative impacts of permit- and visa-related restrictions [4]. - On February 25, 2025, Flywire disclosed significant deterioration in its education sector business, citing "double digit declines in student visa issuance" and anticipated continued restrictions [5]. - Following this announcement, Flywire's stock price fell approximately 37%, from $17.64 per share to $11.05 per share within a day [5].
Pomerantz Law Firm Announces the Filing of a Class Action Against Flywire Corporation and Certain Officers - FLYW
Prnewswire· 2025-07-27 14:00
Core Viewpoint - A class action lawsuit has been filed against Flywire Corporation and certain officers for alleged violations of federal securities laws during the Class Period from February 28, 2024, to February 25, 2025, seeking damages for misleading statements regarding the company's revenue growth and business prospects [1][7]. Company Overview - Flywire operates as a payments-enablement and software company, facilitating payments across various industries, with a significant focus on the education sector [3][4]. - The company's financial performance is particularly important in the Americas and Asia-Pacific markets, utilizing non-GAAP financial measures such as revenue less ancillary services (RLAS) and foreign exchange neutral RLAS [4]. Market Challenges - The Canadian government imposed intake caps on international student permit applications starting January 2024, leading to a decrease in international student numbers and negatively impacting Flywire's payment flows [5]. - Similarly, Australia has tightened international student visa rules, further adversely affecting Flywire's business [5]. Misleading Statements - Throughout the Class Period, Flywire's executives allegedly overstated the sustainability of revenue growth and downplayed the negative impacts of permit and visa-related restrictions on the business [6][7]. - In November 2024, executives claimed Flywire would remain a "Rule of 40" company with strong revenue growth, projecting FX neutral RLAS growth in the low 20% range for FY 2025, which was later revised down significantly [6][9]. Financial Performance - Flywire reported a Q4 2024 loss per share of $0.12, missing consensus estimates, and revenue of $117.6 million, also below expectations [8]. - The company announced an operational review and restructuring affecting approximately 10% of its workforce due to a challenging macro environment [8]. Analyst Reactions - Following the disappointing Q4 results and revised forecasts, multiple analysts downgraded their recommendations and cut price targets for Flywire's stock [11]. - The company's stock price fell by $6.59, or 37.36%, closing at $11.05 per share on February 26, 2025, following these disclosures [12].