#United States #New York #Class Action #Lithium Battery #Fly-E Group

Class Action Lawsuit Against Fly-E Group

On November 6, 2025, The Gross Law Firm announced a class action lawsuit against Fly-E Group, Inc. (NASDAQ: FLYE), inviting shareholders who purchased shares during the specified class period to join. The lawsuit arises from significant discrepancies between the company's reported performance and the actual safety of its lithium battery technology.

Background of the Case

The class period for this lawsuit is from July 15, 2025, to August 14, 2025. During this time, Fly-E Group allegedly made highly optimistic forecasts about their electric vehicle sales, while concealing critical information regarding safety issues related to their lithium batteries. These omissions appear to have misled investors about the company's financial health and sales expectations.

Fly-E's earlier statements created an illusion of robust growth prospects, projecting long-term success attributed to their innovative products. However, as evidence has emerged concerning safety incidents involving their E-Bikes and E-Scooters, the company's sales figures began to tumble.

In a shocking turn of events on August 14, 2025, Fly-E reported a staggering 32% drop in net revenue for the first quarter of fiscal year 2026. This report detailed a decrease in sales driven by the aforementioned incidents. As a result, Fly-E’s stock price plummeted from $7.76 per share to just $1.00—a staggering decline of approximately 87% in a single day, severely impacting shareholders.

Implications for Shareholders

This class action serves as a critical opportunity for affected shareholders to seek accountability from the company. Those who purchased shares during the defined period are encouraged to contact The Gross Law Firm to explore potential involvement as lead plaintiffs. Notably, the firm has assured that participation in the lawsuit does not require being appointed lead plaintiff; however, the deadline for expressing interest in being a lead plaintiff is set for November 10, 2025.

Shareholders should act quickly to ensure they are registered for this case. Upon registration, they can access a portfolio monitoring software that will keep them updated on relevant developments throughout the legal proceedings.

Why Choose Gross Law Firm?

The Gross Law Firm holds a reputable position as a nationally recognized class action firm, dedicated to advocating for investors' rights. Their mission focuses on protecting individuals who have suffered losses due to corporate malfeasance or fraudulent practices. They strive for recovery in cases where misleading statements or withholding material information has caused stock prices to inflate artificially.

With a professional commitment to upholding responsible business practices, the firm represents investors impacted by deception and is prepared to navigate the complexities of the case against Fly-E Group.

Next Steps for Concerned Investors

For shareholders of Fly-E Group looking to join this significant action, immediate steps include:
1. Connecting with The Gross Law Firm – Interested parties should not hesitate to reach out and explore their options to participate effectively in the class action.
2. Registering Before the Deadline – Ensure to complete the registration process before November 10, 2025, to secure a position in the lawsuit.
3. Monitoring Developments – Stay informed about the case developments through the monitoring software provided upon registration.

In the fast-paced and often unpredictable world of investment, this class action lawsuit presents an essential avenue for accountability and recovery. Shareholders of Fly-E Group should assess their rights diligently and consider participating to protect their interests.

For further information and to initiate contact, potential claimants can visit the official link provided by The Gross Law Firm: Fly-E Group Class Action Submission Form.