Important Updates for Investors in Fly-E Group, Inc. Shares
Fly-E Group, Inc. Shareholder Alert: Key Information
Fly-E Group, Inc. (NASDAQ: FLYE) has been highlighted in recent news concerning a securities fraud class action lawsuit that may impact investors. This lawsuit raises significant concerns regarding the company’s compliance with regulations set forth by the Securities Exchange Act of 1934.
Understanding the Class Action Lawsuit
The class action lawsuit involves allegations against Fly-E Group and certain senior officers for misrepresentations concerning the safety of the company’s lithium batteries. This situation has led to a reminder for investors on the pressing deadlines for filing claims.
Who is Affected by This Class Action?
Investors who owned shares of Fly-E Group, Inc. between July 15, 2025, and August 14, 2025, may qualify to participate in this lawsuit. If you fall into this category and believe that you may have lost money regarding your investments, it's crucial to stay informed.
Key Dates to Remember
If you wish to serve as a lead plaintiff in this class action, you must file necessary papers by November 7, 2025. Serving as a lead plaintiff can help guide the litigation process on behalf of affected peer investors.
What Should Investors Do?
All representation in this matter will be on a contingency fee basis, meaning shareholders will incur no fees unless there is a successful recovery. Therefore, it is advantageous for investors to explore their legal rights and options without the worry of upfront costs.
Seeking Further Information
If you're an investor looking for detailed insights regarding your legal options or would like to join the lawsuit, it's advisable to consult with seasoned attorneys or reach out to the firm managing this class action. They can provide clarity on your situation and steps to take.
The Role of Bernstein Liebhard LLP
Since its inception in 1993, Bernstein Liebhard LLP has represented clients nationwide, recovering over $3.5 billion for their clients. Their rich history includes litigation support for some of the largest public and private pension funds. Their track record speaks volumes about their credibility and experience in handling class action lawsuits.
Contacting Investor Relations at Fly-E
To find out more about the company and its current standing as well as ongoing litigation, you can reach out to the Investor Relations Manager, Peter Allocco, at (212) 951-2030. He is available to answer any pressing questions and provide guidance on your investments.
Frequently Asked Questions
What is the timeline for the class action lawsuit against Fly-E Group?
The deadline for filing to serve as a lead plaintiff is November 7, 2025.
How can I know if I qualify to join this class action?
If you owned Fly-E Group shares between July 15, 2025, and August 14, 2025, you may qualify.
What does it mean to be a lead plaintiff?
A lead plaintiff is a representative acting on behalf of other shareholders in the lawsuit.
Will I incur any costs if I decide to join the lawsuit?
No, all representation is contingent on recovery, meaning there are no upfront fees for shareholders.
Who should I contact for more information?
For more details, you can contact Peter Allocco at (212) 951-2030.
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