Important Class Action Notice for Fly-E Group Inc. Shareholders
Fly-E Group Inc. Class Action Update
The Gross Law Firm has announced a significant class action for shareholders of Fly-E Group Inc. (NASDAQ: FLYE). Shareholders who acquired shares during the identified class period are encouraged to reach out to the firm to discuss potential engagement in this important process.
Key Information for Shareholders
The allegations against Fly-E Group revolve around the company's misleading statements regarding its lithium battery safety and the related impacts on their electric vehicle sales. The class period extends from July 15, 2025, to August 14, 2025, during which time several key disclosures will impact shareholders' rights.
Class Period Overview
Fly-E Group's stock experienced a significant downturn following revelations concerning its net revenues. Shareholders should understand that even if they’re not looking to be a lead plaintiff, they still have the opportunity to participate in potential recovery.
Understanding the Allegations
The core of the allegations involves the dissemination of positive statements from Fly-E while simultaneously hiding crucial safety concerns about their lithium batteries. The complaint suggests that these actions severely impaired the company’s sales revenue, leading to inflated revenue projections that ultimately collapsed.
The Fall of Stock Prices
On August 14, 2025, Fly-E filed a notification revealing a dramatic 32% drop in net revenues. Consequently, following this disclosure, the common stock price plummeted from $7.76 to just $1.00 per share, an alarming 87% decrease in only one day. This highlights the pressing nature of the class action lawsuit for affected shareholders.
Next Steps for Interested Parties
Shareholders looking to engage in the class action need to register by November 10, 2025. This registration secures your place in a potential recovery effort and offers the added benefit of monitoring updates regarding the case's progress.
Why Choose The Gross Law Firm?
The Gross Law Firm stands out as a nationally recognized firm that prioritizes the protection of investors' rights. Their commitment lies in ensuring that companies practice transparency and accountability. This class action presents an opportunity for investors who have faced losses to seek justice.
Contact Information
For more details, shareholders can contact The Gross Law Firm directly:
15 West 38th Street, 12th floor,
New York, NY 10018,
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
Frequently Asked Questions
What is the class action about?
The class action alleges that Fly-E Group provided false statements concerning the safety of their products, which misled investors and inflated stock prices.
What should shareholders do if they qualify?
Eligible shareholders should register before the deadline to participate in any recovery related to the lawsuit.
How has the company's stock been affected?
Following the revelations regarding the company's financial state, shares fell drastically, indicating the gravity of the situation.
Is there a cost to register?
No, there is no cost to register for participation in the class action lawsuit.
How can I stay updated on the case?
Once registered, shareholders will receive updates throughout the lifecycle of the case, ensuring they are informed of any developments.
About The Author
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