#United States #San Diego #Class Action #Robbins LLP #Flywire Corporation

Robbins LLP Announces Class Action Against Flywire Corporation

Robbins LLP, a prominent law firm advocating for shareholder rights, has announced a class action lawsuit concerning Flywire Corporation (NASDAQ: FLYW). This action is particularly relevant for investors who bought Flywire securities between February 28, 2024, and February 25, 2025. The firm urges these shareholders to assess their legal options as they may be eligible to participate in this collective lawsuit.

Background of the Case

Flywire Corporation operates in the payments and software sector, catering to a global audience. The company has recently faced allegations of misleading investors regarding its business prospects. According to the filed complaint, critical information about Flywire's revenue growth and the impact of permit and visa-related restrictions on its business were not fully disclosed during the mentioned class period.

As per the allegations, Flywire exaggerated its revenue growth's sustainability and understated the negative influences of regulatory changes affecting its operations in Canada and Australia. This oversight came to light when Flywire revealed devastating financial results for the fourth quarter and fiscal year 2024 on February 25, 2025, including an alarming 30% expected decrease in revenue from Canadian and Australian markets due to new visa rules and policy modifications. The company's struggles in the U.S. market also echoed similar concerns surrounding these visa trends.

The immediate aftermath was a sharp decline in Flywire's stock price, which plummeted by over 37% to $11.05 per share following the negative news, much to the dismay of many investors.

What Investors Should Do

Investors who purchased Flywire’s securities during the specified timeframe and are interested in pursuing legal action are encouraged to contact Robbins LLP. The firm is currently seeking lead plaintiffs to represent the interests of the entire class, providing an opportunity for affected shareholders to guide the litigation. Interested individuals do not need to actively participate in the case to be eligible for recovery; remaining an absent class member is also an option.

Robbins LLP operates on a contingency fee basis, which means that shareholders will not incur any costs unless they recover losses through the proceedings. This approach ensures that potential participants can pursue their legal rights without financial risk.

About Robbins LLP

Founded in 2002, Robbins LLP has established itself as a key player in corporate governance and shareholder rights litigation. With a dedicated team advocating for injured shareholders, the firm focuses on recovering losses and ensuring that company executives are held accountable for their actions.

For those who wish to stay informed about the progression of this class action lawsuit or receive notifications in the event of a settlement, Robbins LLP encourages interested parties to sign up for their Stock Watch service.

In conclusion, this class action lawsuit against Flywire Corporation presents an important opportunity for investors affected by the company’s misleading disclosures. Robbins LLP is committed to standing by shareholders as they navigate this challenging situation and strive for justice in the financial landscape.

For further inquiries about the lawsuit or to share relevant information, investors can reach out to attorney Aaron Dumas, Jr., or contact Robbins LLP directly at (800) 350-6003.