#United States #New York #Class Action #Pomerantz LLP #Fly-E Group

Investor Alert: Class Action Lawsuit Against Fly-E Group, Inc.

The Pomerantz Law Firm has made a significant announcement regarding Fly-E Group, Inc. (NASDAQ: FLYE), urging investors who experienced financial losses to participate in a class action lawsuit. This legal action stems from allegations that the company, along with certain executives, was involved in securities fraud or engaged in various unlawful business practices which have severely impacted the shareholders.

The firm has set a deadline for affected investors. Those who purchased Fly-E securities during the class period can file a request with the court to be designated as Lead Plaintiff. The cutoff date for this action is November 7, 2025. Investors interested in joining the lawsuit are encouraged to contact Danielle Peyton from Pomerantz by email at [email protected] or by calling 646-581-9980. When reaching out, they should provide their mailing address, phone number, and details regarding the shares bought.

The class action was initiated following a concerning disclosure from Fly-E. On August 14, 2025, the company issued a Notification of inability to timely file Form 10-Q, revealing a staggering 32% decline in net revenues. This drop was attributed primarily to a decrease in total units sold, which the company linked to recent accidents involving lithium batteries in e-bikes and e-scooters.

As a direct consequence of this negative news, the company's stock price suffered a dramatic fall, decreasing by $6.76 per share, landing at just $1.00 per share on August 15, 2025. Such a significant drop equates to an 87.11% decline, raising serious concerns about Fly-E's business practices and overall viability, prompting this class action.

Pomerantz LLP has a noteworthy reputation in the realm of corporate, securities, and antitrust class action litigation. Established over 85 years ago by the esteemed Abraham L. Pomerantz, the firm has a strong foundation in fighting for the rights of victims who have faced securities fraud and corporate misdeeds. With offices situated in key global cities including New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, the firm has been successful in securing substantial compensation for its clients impacted by such actions.

It's vital for investors affected by this situation to act quickly and seek legal counsel. As this class action moves forward, staying informed and connected with Pomerantz can prove crucial for securing their rights and potentially gaining recovery for their losses.

For more information, visit www.pomlaw.com.

(Disclaimer: This article is for informational purposes only and does not constitute legal advice. Previous outcomes do not guarantee future results.)