#United States #New York #Class Action #Pomerantz Law Firm #Fly-E Group

Investor Alert: Pomerantz Law Firm Takes Action Against Fly-E Group, Inc.

Pomerantz LLP has recently announced the initiation of a class action lawsuit against Fly-E Group, Inc., listed on NASDAQ under the ticker symbol FLYE. This move has been prompted by concerns regarding potential securities fraud and questionable business practices linked to the company. Investors who believe they have incurred losses during the specified class period are strongly encouraged to engage with the firm to seek recourse.

Details of the Class Action

The lawsuit covers individuals and entities that acquired Fly-E securities during a defined period. Particularly, investors who purchased shares before a significant drop in the company's stock value on August 15, 2025, may have grounds to participate in this lawsuit. Investors are invited to contact Danielle Peyton at Pomerantz LLP for more information regarding their eligibility.

The court has set a deadline of November 7, 2025, for prospective lead plaintiffs to file their applications. This offers a crucial timeline for investors to act. Details regarding the lawsuit can be found on Pomerantz's website, along with additional resources aimed at supporting investors in this legal endeavor.

Background on Fly-E Group, Inc.

On August 14, 2025, Fly-E disclosed its inability to file its quarterly report on time, revealing a staggering 32% drop in net revenues. This significant downturn was attributed primarily to decreased sales volumes, something which the company linked to recent critical safety incidents involving lithium batteries in e-bikes and e-scooters. Following the news of this decline, the stock price of Fly-E plummeted by $6.76 per share—an astonishing 87.11% reduction—closing at a mere $1.00 on the following day. This dramatic fall has raised alarms and justified the actions taken by Pomerantz Law Firm.

The Role of Pomerantz LLP

Pomerantz LLP is a prestigious law firm with a prominent reputation in corporate class action litigations. With offices situated across major cities, including New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, the firm possesses extensive experience in representing victims of corporate misconduct. Founded by the notable Abraham L. Pomerantz, commonly referred to as the dean of class action law, the firm has successfully pursued claims that have yielded significant recoveries for its clients.

Their unwavering commitment over more than 85 years to advocate for shareholders' rights reflects their core mission to combat securities fraud, breaches of fiduciary duty, and corporate misconduct. They are known for their successful settlements and verdicts, which often reach multimillion-dollar amounts.

Next Steps for Investors

Investors who have suffered losses due to Fly-E’s trading activities are urged to act quickly to ensure they don’t miss the opportunity to recover potential losses. The claims process can be complex, and engaging with a seasoned law firm like Pomerantz is a step toward safeguarding investors' rights. Those interested in participation or seeking further information should provide their contact details, including mailing address and the number of shares acquired, when reaching out to the firm.

In conclusion, the Pomerantz Law Firm is gearing up for a substantial battle on behalf of Fly-E investors who may have faced significant financial setbacks. The class action lawsuit exemplifies the ongoing commitment to accountability in corporate practices, aiming to ensure justice for those affected by irresponsible business conduct.