Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Fly-E (FLYE)To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Fly-E between July 15, 2025, to August 14, 2025 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648. Click here to participate in the action. NEW YORK, Nov. 06, 2025 (GLOBE NEWSWIRE) -- What’s Happening: Bragar E ...

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 announcement, 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] 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]

Core Viewpoint - A class action lawsuit has been filed against Fly-E Group, Inc. for allegedly misleading investors regarding its revenue outlook and sales performance during the class period from July 15, 2025, to August 14, 2025 [7]. Allegation Details - The lawsuit claims that Fly-E's management created a false impression of reliable information about the company's projected revenue and sales, while in reality, the company's optimistic goals fell short [7]. - The complaint highlights that Fly-E's revenue decreased by 32% compared to the same period in 2024, primarily due to a decline in total units sold, attributed to customer hesitance stemming from lithium battery explosion incidents [7]. - Following the SEC filing on August 14, 2025, which disclosed the revenue drop, Fly-E's stock price plummeted approximately 87%, from $7.76 per share to $1.00 per share within a day [7]. Next Steps - Investors who purchased Fly-E shares during the class period and suffered losses are encouraged to contact the law firm Bragar Eagel & Squire for more information and to discuss their legal rights [4][8].

Core Viewpoint - A class action lawsuit has been filed against Fly-E Group, Inc. for allegedly misleading investors regarding its revenue outlook and sales performance during the class period from July 15, 2025, to August 14, 2025 [7]. Allegation Details - The lawsuit claims that Fly-E's management created a false impression of reliable revenue projections and demand for its electric vehicle (EV) products, while downplaying risks associated with lithium batteries and supply chain issues [7]. - A significant 32% decrease in net revenue was reported, attributed to a decline in total units sold, as consumer confidence was affected by incidents of lithium battery explosions [7]. - Following the negative news, Fly-E's stock price plummeted approximately 87%, from $7.76 per share to $1.00 per share in one day [7]. Next Steps - Investors who acquired Fly-E shares during the class period and suffered losses are encouraged to contact the law firm Bragar Eagel & Squire for more information and to discuss their legal rights [4][8].

Core Viewpoint - A class action lawsuit has been filed against Fly-E Group, Inc. for allegedly misleading investors regarding its revenue outlook and sales performance during the class period from July 15, 2025, to August 14, 2025 [7]. Allegation Details - The lawsuit claims that Fly-E's management created a false impression of reliable information about the company's projected revenue and sales, while the actual demand for its electric vehicle products fell short [7]. - A significant 32% decrease in Fly-E's net revenue was reported, attributed to a decline in total units sold, as customers were deterred by incidents of lithium battery explosions [7]. - The company's stock price plummeted approximately 87% from $7.76 per share on August 14, 2025, to $1.00 per share on August 15, 2025, following the negative news [7]. Next Steps - Investors who purchased Fly-E shares during the class period and suffered losses are encouraged to contact the law firm Bragar Eagel & Squire for more information and to discuss their legal rights [4][8].

Core Viewpoint - 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 the company's E-vehicle sales and revenue projections [1]. Summary by Sections Allegations - 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 this revelation, 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 [1]. Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by November 10, 2025, to potentially become lead plaintiffs [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [2]. About the Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].

Core Viewpoint - A class action lawsuit has been filed against Fly-E Group, Inc. for allegedly misleading investors regarding its revenue outlook and sales performance during the class period from July 15, 2025, to August 14, 2025 [7]. Allegation Details - The lawsuit claims that Fly-E's management created a false impression of reliable revenue projections and demand for its electric vehicle (EV) products, while downplaying risks related to lithium batteries, supply chain changes, and regulatory challenges [7]. - A significant 32% decrease in net revenue was reported for the first quarter of fiscal year 2026 compared to the same period in 2024, attributed to a decline in total units sold due to safety concerns over lithium battery incidents [7]. - Following the negative news, Fly-E's stock price plummeted approximately 87%, from $7.76 per share on August 14, 2025, to $1.00 per share on August 15, 2025 [7]. Next Steps - Investors who purchased Fly-E shares during the class period and suffered losses are encouraged to contact the law firm Bragar Eagel & Squire for more information and to discuss their legal rights [4][8].

Core Viewpoint - A class action lawsuit has been filed against Fly-E Group, Inc. for misleading investors regarding its revenue outlook and sales performance during the specified class period from July 15, 2025, to August 14, 2025 [2][7]. Allegation Details - The lawsuit alleges that Fly-E's management created a false impression of reliable revenue projections and demand for its electric vehicle (EV) products, while downplaying risks associated with lithium batteries and supply chain issues [7]. - On August 14, 2025, Fly-E reported a significant 32% decrease in net revenue compared to the same period in 2024, attributing this decline to a drop in total units sold due to safety concerns over lithium battery incidents [7]. - Following the revenue announcement, Fly-E's stock price plummeted approximately 87%, from $7.76 per share to $1.00 per share within a single day [7]. Next Steps - Investors who purchased Fly-E shares during the class period and suffered losses are encouraged to contact the law firm Bragar Eagel & Squire for more information and to discuss their legal rights [4][8].

Core Viewpoint - A class action lawsuit has been filed against Fly-E Group, Inc. for misleading investors regarding its revenue outlook and sales performance during the specified class period from July 15, 2025, to August 14, 2025 [2][7]. Allegation Details - The lawsuit alleges that Fly-E's management created a false impression of reliable revenue projections and demand for its electric vehicle (EV) products, while downplaying risks associated with lithium batteries and supply chain issues [7]. - On August 14, 2025, Fly-E reported a significant 32% decrease in net revenue compared to the same period in 2024, attributing this decline to a drop in total units sold due to increasing incidents of lithium battery explosions [7]. - Following the revenue announcement, Fly-E's stock price plummeted approximately 87%, from $7.76 per share to $1.00 per share within a single day [7]. Next Steps - Investors who acquired Fly-E shares during the class period and suffered losses are encouraged to contact the law firm Bragar Eagel & Squire for more information and to discuss their legal rights [4][8].

Core Viewpoint - Fly-E Group, Inc. is facing a class action lawsuit due to significant financial losses and misleading statements made by the company's management regarding its business operations and prospects during the class period from July 15, 2025, to August 14, 2025 [1][3]. Financial Performance - On August 14, 2025, Fly-E reported a 32% year-over-year decline in net revenues, primarily attributed to decreased unit sales following multiple lithium-battery accidents involving its E-Bikes and E-Scooters [2]. - Following this announcement, Fly-E's stock price plummeted by $6.76, or 87.1%, closing at $1.00 per share on August 15, 2025, resulting in significant losses for investors [2]. Lawsuit Details - The class action lawsuit alleges that Fly-E's management made materially false and misleading statements and failed to disclose adverse facts about the company's business and operations [3]. - Specifically, the lawsuit claims that management downplayed risks associated with lithium batteries, supply chain changes, regulatory environments, and demand fluctuations for its products while promoting the company's brand reputation and cost reductions as key growth factors [3]. Legal Actions - Investors who purchased Fly-E securities during the class period have until November 7, 2025, to file a lead plaintiff motion in the class action lawsuit [4].