Attention Investors: Class Action Lawsuit Against Fly-E Group

Author: Dylan Bailey Updated: 10-14-2025 06:00 PM

Investors’ Alert: Class Action Lawsuit Filed Against Fly-E Group, Inc.

NEW YORK — Pomerantz LLP has officially announced a class action lawsuit against Fly-E Group, Inc. (NASDAQ: FLYE) designed to aid investors who have experienced losses due to potential unlawful business practices. If you've purchased Fly-E securities, it’s crucial to be informed about your rights and the ongoing legal proceedings.

Details of the Class Action

The lawsuit revolves around allegations against Fly-E and certain directors for possibly engaging in securities fraud. Investors who bought shares during the specific timeframe, or the Class Period, are encouraged to contact the firm for more information.

Important Deadlines for Investors

Investors have until a designated deadline to move forward and request to be appointed as Lead Plaintiff in the class action. Ensuring you act before this deadline is vital if you wish to participate actively in the proceedings.

Business Performance Concerns

Recently, Fly-E Group disclosed significant financial setbacks, detailing a staggering 32% decrease in net revenues compared to the previous period. The company attributed this downturn primarily to reduced sales coupled with troubling incidents related to lithium batteries used in their E-Bikes and E-Scooters.

Market Reactions

Following the troubling news, Fly-E’s stock value plummeted, resulting in an 87.11% loss in share price. Such dramatic shifts in stock value raise concerns regarding the company's market practices and governance.

About Pomerantz LLP

Pomerantz LLP stands as a leading law firm with a strong reputation in handling corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, the firm has a rich history of advocating for victims of corporate fraud and misconduct. For over 85 years, they have been fighting for the rights of investors, recovering millions for their clients.

How to Get Involved

If you're concerned about your investment in Fly-E Group, it's advisable to reach out to Danielle Peyton at Pomerantz LLP. Providing your contact details along with the number of shares purchased can facilitate your involvement in the class action.

Frequently Asked Questions

What is the nature of the lawsuit against Fly-E Group, Inc.?

The lawsuit involves allegations of securities fraud against Fly-E and its executives regarding their business practices and financial disclosures.

How do I find out if I can join the class action?

Investors should contact Pomerantz LLP directly to determine eligibility and next steps regarding the class action lawsuit.

What are the potential outcomes of this lawsuit?

The outcomes could involve financial recovery for affected investors, depending on the lawsuit’s proceedings and findings.

How can I contact Pomerantz LLP?

You can reach Danielle Peyton at Pomerantz LLP via email at dpeyton@pomlaw.com or by phone at 646-581-9980, ext. 7980.

What should I do if I’ve lost money in Fly-E Group?

If you've incurred losses due to your investment in Fly-E Group, consider reaching out to a legal professional to explore your options.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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