Pomerantz Law Firm Files Class Action Against Fly-E Group for Securities Fraud Allegations

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

On October 3, 2025, Pomerantz LLP, a leading law firm in securities class action cases, announced the filing of a class action lawsuit against Fly-E Group, Inc. (NASDAQ: FLYE). Investors who have incurred losses during the class period are encouraged to reach out to the firm for participation in the lawsuit.

Overview of the Class Action Lawsuit

The lawsuit is centered around allegations that Fly-E and certain executives may have engaged in securities fraud and other unlawful business practices. Investors are urged to connect with Danielle Peyton at Pomerantz LLP by email or phone, specifically if they wish to apply for the role of Lead Plaintiff. Interested parties should provide their mailing addresses, telephone numbers, and the number of shares they purchased.

A key development hinting at the company's troubles occurred on August 14, 2025, when Fly-E disclosed a significant 32% drop in net revenues, attributing this reduction to a decline in unit sales. The company cited recent accidents related to lithium batteries in e-bikes and e-scooters as a contributing factor. Following this revelation, the stock price plummeted from $7.76 to $1.00 per share within a single day, marking an 87.11% decrease.

Call to Action for Investors

Investors who acquired Fly-E securities during the specified class period have until November 7, 2025, to take action and join the class action. A detailed copy of the Complaint can be accessed through the Pomerantz Law Firm's website, allowing investors to review the formal allegations against Fly-E.

Pomerantz LLP has roots that trace back more than 85 years, established by Abraham L. Pomerantz, a pioneer in class action law. The firm is renowned for its successful litigation efforts in corporate securities, achieving significant settlements for investors who have fallen victim to fraudulent activities within the market. With offices strategically located across major global cities, Pomerantz continues to champion the rights of shareholders.

Attorney advertising is noted in their announcement, emphasizing that prior successes do not guarantee comparable outcomes for new plaintiffs.

As the legal proceedings progress, impacted investors should remain vigilant and proactive. They are reminded to collect relevant documentation and stay informed about court dates related to the case developments.

If you have incurred losses while investing in Fly-E Group, it might be advisable to seek counsel and consider becoming part of this class action to protect your rights. Contact Pomerantz LLP to understand your eligibility and the potential next steps in this concerning financial situation regarding Fly-E Group, Inc.

Conclusion

This class action highlights the importance of corporate transparency and accountability, especially in a rapidly changing market landscape. Investors are reminded to monitor updates relating to Fly-E and to act swiftly to ensure that their voices are heard in this legal matter. For more information, visit Pomerantz Law Firm.