Flywire Shareholders Warned of Class Action Lead Plaintiff Deadline

Flywire Shareholder Alert: Important Deadline Approaches

In a significant development for investors, ClaimsFiler, a leading shareholder information service, has issued a reminder regarding the upcoming deadline for filing lead plaintiff applications related to Flywire Corporation's class action lawsuit. Investors who have incurred losses exceeding $100,000 and purchased shares between February 28, 2024, and February 25, 2025, have until September 23, 2025, to take necessary action.

Background on the Class Action

The lawsuit against Flywire Corporation, identified as Hickman v. Flywire Corporation, et al. (No. 25-cv-04110), is currently filed in the United States District Court for the Eastern District of New York. It charges Flywire and several key executives with failing to provide critical disclosures to shareholders during the specified class period. This failure potentially breached federal securities laws, therefore affecting investor interests significantly.

On February 25, 2025, the company reported its fourth quarter and full-year financial results for 2024. Unfortunately, these results revealed a loss of $0.12 per share for Q4, which fell short of consensus estimates by the same margin. Additionally, revenue figures for the quarter were $117.6 million, slightly below analysts’ predictions, being off by about $1.25 million. Flywire’s management attributed this disappointing performance to a challenging macroeconomic environment, leading to their announcement of a comprehensive review of operations and restructuring. This restructuring plan involved significant layoffs, impacting approximately 10% of the workforce.

Upon the release of this financial news, Flywire's stock price experienced a dramatic decline, plummeting by $6.59 per share or about 37.36%, closing at $11.05 per share on February 26, 2025. Such a sharp drop underscores the gravity of the situation for shareholders who may have relied on Flywire's previous disclosures before making investment decisions.

The Role of ClaimsFiler

ClaimsFiler offers critical resources for impacted investors. Interested parties can visit their website ClaimsFiler.com or reach out via a toll-free number (844-367-9658) for assistance. The platform allows users to register for free, access settlement information, and submit claims efficiently. Investors can also upload their transaction data to receive timely notifications about relevant securities class action cases they may be involved in.

The law firm Kahn Swick & Foti, LLC has partnered with ClaimsFiler to provide evaluations for investors concerning their legal options regarding the Flywire lawsuit. With their help, investors can understand their rights and potential recovery avenues better.

What Investors Should Do

Given the complex nature of securities class actions, it is crucial for investors with substantial losses to act swiftly. Filing a lead plaintiff application can be a significant first step towards recovering funds lost due to potential securities law violations by the company. If you believe you are eligible, it is advisable to consult with legal professionals who specialize in securities class action cases.

In conclusion, the Flywire Corporation lawsuit marks a critical warning signal for shareholders and a reminder of the importance of vigilance in monitoring investments. Aligning promptly with ClaimsFiler and understanding the implications of this class action can make a meaningful difference for affected investors. Keep in mind the deadline of September 23, 2025, for lead plaintiff applications, as time is of the essence in these matters.