#USA #New York #Class Action #Pomerantz LLP #Fly-E Group

Pomerantz Law Firm Takes Action on Behalf of Investors in Fly-E Group, Inc.

In a significant move for investors, Pomerantz LLP has announced a class action lawsuit against Fly-E Group, Inc. (NASDAQ: FLYE) that signals potential securities fraud or illegal business practices among certain officers of the company. As troubling news continues to unfold regarding Fly-E's financial health, investors are urged to familiarize themselves with upcoming deadlines, especially if they have suffered losses.

Class Action Lawsuit Overview

Pomerantz Law Firm has officially called upon concerned investors who acquired Fly-E securities during the class period to step forward. Interested parties have until November 7, 2025 to request the Court to appoint them as Lead Plaintiff. Those looking to participate in the class action lawsuit are encouraged to reach out to Danielle Peyton at Pomerantz for further information, either by phone or through email, providing pertinent details including their address and number of shares purchased.

This class action is rooted in the allegations that Fly-E and its executive team engaged in practices detrimental to its shareholders. If investors can establish that Fly-E's conduct led to significant losses, they may be entitled to recover damages.

Financial Turmoil within Fly-E Group, Inc.

The urgency of the lawsuit stems from Fly-E's recent financial disclosures. On August 14, 2025, the company issued a form NT 10-Q, denoting its inability to file form 10-Q due to severe financial setbacks. A striking decline of 32% in net revenues was recorded, blamed primarily on a drop in total units sold. Fly-E pointed to alarming incidents involving lithium battery fires linked to E-bikes and E-scooters as contributing factors to its deteriorated sales performance.

In the wake of this unsettling news, Fly-E's stock value took a dramatic hit on August 15, 2025. Shares plummeted by 87.11%, lowering from a previous value of $6.76 to just $1.00 per share. Such volatility raises serious concerns about investor confidence and the viability of Fly-E's future operations.

The Role of Pomerantz LLP

Founded by the notable Abraham L. Pomerantz, recognized as a pioneer within the realm of securities class actions, Pomerantz LLP holds a legacy of fighting for victims of corporate misconduct. The firm operates across major cities including New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, embodying a reassuring presence in the complex arena of corporate litigation.

With over 85 years of experience, Pomerantz has successfully recovered significant damages for class members wronged by treatment akin to that alleged in the Fly-E case. Investors may find hope in seeking redress through this esteemed firm and its commitment to uphold accountability within the corporate sector.

Next Steps for Investors

For those who believe they have been impacted by Fly-E Group's questionable practices, the time to act is now. Secure your participation in the class action to potentially recover losses as the investigation unfolds. Interested investors should review the class action details and consider confidential discussions with Pomerantz to better understand their rights and options.

To join this critical lawsuit led by Pomerantz LLP or for more detailed information, visit Pomerantz Law or contact Danielle Peyton at the provided coordinates. Failure to act could mean missing out on a chance for justice.

Conclusion

Investors in Fly-E Group, Inc. find themselves at a pivotal moment as they navigate the complexities of the class action lawsuit initiated by Pomerantz Law Firm. With concrete deadlines on the horizon and serious allegations looming over Fly-E's operations, proactive engagement in the legal process is key to pursuing potential financial recovery.