Investors Urged to Participate in the Class Action Lawsuit Against Fly-E Group, Inc.

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

Robbins LLP, a prominent name in shareholder rights litigation, has made a significant announcement aimed at investors of Fly-E Group, Inc. (NASDAQ: FLYE). The firm has filed a class action lawsuit on behalf of shareholders who acquired Fly-E securities between July 15, 2025, and August 14, 2025. The motivation behind this legal action stems from serious allegations regarding the company's business practices and communications to the investing public.

Background of Fly-E Group, Inc.

Fly-E Group, Inc. has positioned itself as a key player in the market for environmentally friendly transportation solutions, offering a variety of electric vehicles including motorcycles, bikes, and scooters. Their products are marketed under the Fly E-Bike brand and are distributed across the United States, Mexico, and Canada. The company was perceived as a promising entity in the EV sector, known for innovative designs and the potential for growth in a rapidly evolving industry.

Allegations Leading to the Class Action

The class action lawsuit arises from the firm's alleged misleading communications regarding its expected revenue growth and market performance. According to court documents, the accusations indicate that Fly-E’s management presented overly optimistic projections, fostering a false sense of security among investors. This included claims of a strong brand reputation, reduced costs due to supplier negotiations, and an expanding sales network.

However, the situation deteriorated dramatically when the company filed a Form NT 10-Q with the SEC on August 14, 2025. This document revealed a staggering 32% drop in net revenue compared to the same quarter in the previous year. The primary cause cited for this downturn was a significant decrease in consumer demand for E-Bikes, attributed largely to rising concerns over lithium battery incidents, particularly reports of explosions in New York.

On August 14, Fly-E's shares closed at $7.76, but this figure plummeted by 87% to a mere $1.00 by the subsequent trading day—an indicator of the market’s reaction to the unexpected financial disclosure and the realization of the previous misleading statements.

What Investors Need to Know

Investors affected by these developments are urged to consider their legal options. Robbins LLP encourages shareholders who wish to take an active role as lead plaintiffs in the class action to come forward. This designation allows them to represent the class collectively. Notably, participation as a lead plaintiff is not a prerequisite for potential financial recovery from any subsequent settlements or judgments. If interested parties prefer not to act, they can opt to remain as absent class members without any requirement to intervene.

No Upfront Costs

Robbins LLP operates on a contingency fee basis, meaning shareholders are not obligated to pay any fees or costs unless a favorable outcome is achieved. This model emphasizes the firm’s commitment to safeguarding the interests of investors during litigation processes.

About Robbins LLP

With over two decades of experience fighting for shareholder rights, Robbins LLP has successfully represented countless investors. The firm is dedicated to ensuring companies are held accountable for their actions, promoting better governance and transparency in corporate practices. Established in 2002, Robbins LLP has built a robust reputation in the legal community for its effective advocacy on behalf of stakeholders.

If you want to stay informed about this case or register your interest, sign up for notifications via the firm’s Stock Watch program. Investors are entitled to compensation if the class action leads to a settlement, reaffirming Robbins LLP's promise to capture any potential losses due to corporate misdeeds.

For additional details, current investors can contact Robbins LLP directly via a form submission, email attorney Aaron Dumas, Jr., or call their office at (800) 350-6003. The path to justice may be complex, but dedicated support is available.

This article highlights the importance of informed investing and the ongoing need for accountability in corporate practices and communications.