Act Now: Join the Class Action Against Fly-E Group, Inc.
Levi & Korsinsky, LLP is actively seeking investors of Fly-E Group, Inc. (NASDAQ: FLYE) to join a class action lawsuit focused on alleged securities fraud. This initiative serves to protect investors who have recently faced losses pertaining to this innovative company.
Understanding the Class Action
The class action lawsuit aims to recover losses incurred by Fly-E investors from July 15, 2025, to August 14, 2025. During this period, the company is accused of misleading its investors with false statements as it concealed crucial information regarding its lithium battery technologies.
Details of the Allegations
The claims against Fly-E arise from the revelation that its statements to investors were overly optimistic while concurrently failing to disclose negative information regarding the safety of their lithium batteries. Despite promising extensive growth, Fly-E's sales were faltering due to rising operational costs and flagging sales numbers, which severely impacted revenue expectations.
The Impact of Recent Events
The situation escalated dramatically on August 14, 2025, when Fly-E filed an NT 10-Q form, admitting its inability to file a timely Form 10-Q for the first quarter of the fiscal year 2026. This disclosure included a staggering 32% drop in net revenues, directly linked to a decrease in units sold. Events involving lithium battery incidents with E-Bikes and E-Scooters contributed to this dramatic downturn, sending Fly-E’s stock spiraling from a value of $7.76 per share down to $1.00 in just one day—a staggering loss of 87%.
Next Steps for Investors
If you are an investor who suffered losses during the defined period, you need to act by November 10, 2025. This date marks the deadline for requesting the Court to appoint you as the lead plaintiff. It's essential to note that even if you don't wish to lead, you can still benefit from any recovery that arises from this lawsuit.
The Cost-Free Opportunity
Importantly, participating in this class action lawsuit does not involve any financial outlay from your end. As a class member, you may be entitled to compensation without facing any upfront costs or fees. Thus, pursuing justice carries no financial risk.
Why Choose Levi & Korsinsky?
With over 20 years of experience, Levi & Korsinsky has a proven track record of recovering substantial sums for shareholders. The law firm specializes in complex securities litigation and boasts an experienced team dedicated to supporting investors. The firm has been recognized among the top securities litigation firms across the nation.
Contact Information
If you believe you qualify as a class member and wish to pursue this, you can reach out to Levi & Korsinsky. Contact Joseph E. Levi, Esq. at (212) 363-7500 or via email for more personalized assistance.
Frequently Asked Questions
What is the deadline to join the class action against Fly-E?
The deadline to join is November 10, 2025.
What are the potential benefits of joining this lawsuit?
Investors may recover losses related to the alleged securities fraud without incurring any costs.
What should I do to participate?
Contact Levi & Korsinsky for guidance on how to join the lawsuit.
What allegations are being made against Fly-E Group?
Fly-E is accused of providing misleading statements about its battery safety and concealing financial downturns.
Who can I contact for additional information?
You can reach Joseph E. Levi, Esq. directly at (212) 363-7500 or via email.
