Fly-E Group, Inc. Shareholders Encouraged to Join Class Action Lawsuit with Robbins LLP

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

In a significant development for investors, Robbins LLP is urging shareholders of Fly-E Group, Inc. who incurred losses to consider participating in a class action lawsuit. This action has been initiated on behalf of individuals and entities that acquired Fly-E securities between July 15, 2025, and August 14, 2025.

Fly-E Group, operating under the NASDAQ ticker FLYE, is known for its innovative electric mobility solutions, including smart electric motorcycles, e-bikes, and scooters, marketed under the Fly E-Bike brand across the United States, Canada, and Mexico. However, recent events have sparked concerns over the company’s financial health and investor transparency.

Overview of the Allegations

Details emerging from the filing reveal that during the specified class period, Fly-E's executives may have misled investors regarding the company’s revenue prospects. The allegations suggest that key information related to Fly-E's profitability forecasts was either misrepresented or not disclosed, creating a misleadingly positive outlook for the company's sales and growth potential.

In the days leading up to August 14, 2025, the company portrayed an optimistic view of its revenue goals, attributing expected growth to its strong brand image, cost-efficient operations, and advantageous supplier relationships. However, this narrative appears to have glossed over critical challenges, particularly concerning the impact of lithium battery safety incidents and regulatory hurdles affecting demand for its products.

A pivotal moment came when Fly-E filed a Notification of Inability to Timely File with the SEC, revealing a staggering 32% drop in net revenue for the first quarter of fiscal year 2026 compared to the same quarter in 2024. The company cited a decline in units sold, attributing it to growing consumer concerns over lithium battery incidents, particularly in high-profile markets like New York.

The aftermath of this news was severe; the company’s stock plummeted from a closing price of $7.76 on August 14, 2025, to just $1.00 on the following day—a dramatic decline of around 87% in a single trading session. This shift raised alarms about the legitimacy of Fly-E’s previous statements regarding sales expectations and product safety.

Next Steps for Investors

Shareholders who are interested in standing as lead plaintiffs in this class action lawsuit should get in touch with Robbins LLP. The lead plaintiff acts on behalf of all class members, directing the course of the litigation. Notably, participation in the lawsuit does not require investors to take action in order to receive potential recovery from any settlements.

Robbins LLP operates on a contingency fee basis, meaning shareholders endure no upfront costs or fees unless they win a recovery in the lawsuit.

About Robbins LLP

Robbins LLP has established a strong reputation as a leader in shareholder rights litigation. Since 2002, their attorneys have been advocating for shareholders, striving to recover financial losses and enhance corporate governance. If you wish to be notified about any developments regarding this class action, or to receive alerts about corporate misconduct from executives, consider signing up for Stock Watch through Robbins LLP.

For inquiries or to express your intent to join the lawsuit, you can fill out an online form, email attorney Aaron Dumas, Jr., or call Roberts LLP directly at (800) 350-6003.

As the situation unfolds, fly shareholders should remain informed and vigilant regarding their rights and potential avenues for recovery against Fly-E Group, Inc.