Shareholders of Fly-E Group, Inc. are urged to contact Levi & Korsinsky before November 10, 2025, to discuss potential legal rights regarding their holdings - FLYE
Investors who suffered losses in Fly-E Group, Inc. between July 15, 2025, and November 10, 2025, have until the latter date to request appointment as lead plaintiff in a securities lawsuit. The lawsuit, filed against Fly-E Group, Inc., alleges that the company's lithium battery issues led to a decrease in E-vehicle sales revenue and a decline in net revenues.
The Company attributed the decline to "recent lithium-battery accidents involving E-Bikes and E-Scooters." Consequently, Fly-E's forecasting processes were inadequate, causing sales to decline and operating expenses to increase. This resulted in a 32% decrease in net revenues, as revealed in a form NT 10-Q: Notification of inability to timely file Form 10-Q for the first quarter of fiscal year 2026, filed by Fly-E on August 14, 2025.
Following the news, Fly-E's stock price declined dramatically, from $7.76 per share on August 14, 2025, to $1.00 per share on August 15, 2025, a decline of about 87% in a single day.
The lawsuit seeks to recover losses for Fly-E investors who suffered losses between July 15, 2025, and August 14, 2025. It also alleges that defendants made false and misleading statements about the safety of Fly-E's lithium battery.
Levi & Korsinsky, LLP, a firm with extensive expertise in complex securities litigation, is leading the class action. The firm has secured hundreds of millions of dollars for aggrieved shareholders over the past 20 years and has ranked in ISS Securities Class Action Services' Top 50 Report for seven years in a row.
Participation in the recovery does not require serving as a lead plaintiff. If you are a class member, you may be entitled to compensation without any out-of-pocket costs or fees. Levi & Korsinsky, LLP's contact information is as follows: Joseph E. Levi, Ed Korsinsky, 33 Whitehall Street, 17th Floor, New York, NY 10004, [email protected], Tel: (212) 363-7500, Fax: (212) 363-7171, www.zlk.com.
It is important to note that there is no information in the provided search results about the accused persons responsible for materially misleading statements and concealment of materially harmful facts by Fly-E Group, Inc. between July 15, 2025, and August 14, 2025.
Levi & Korsinsky, LLP has a team of over 70 employees to serve clients. The firm has a track record of winning high-stakes cases and has secured significant recoveries for investors. If you believe you may be eligible to participate in this class action, it is recommended that you seek legal advice promptly.
