#None #New York #Class Action #Faruqi & Faruqi #Flywire

Potential Class Action Against Flywire Corporation

Faruqi & Faruqi, LLP, a top-tier securities law firm known for advocating for investors, has brought attention to an ongoing class action lawsuit against Flywire Corporation (NASDAQ: FLYW). Investors are urged to consider their legal options as they may be eligible for recovery due to misleading statements made by the company.

Overview of the Investigation

As of September 18, 2025, Faruqi & Faruqi is actively investigating claims related to Flywire's alleged violations of federal securities laws. The firm specifically notes that investors who experienced losses exceeding $50,000 between February 28, 2024, and February 25, 2025, should contact them for guidance and support. The lead plaintiff deadline for this class action is set for September 23, 2025, highlighting the urgency for affected investors to act quickly.

Details of Allegations

The lawsuit claims that Flywire and its executives misrepresented the company's financial health and future forecasts to investors. Allegations state that:
1. The robustness of revenue growth was overstated, giving a false impression of the company’s financial stability.
2. The impact of regulatory restrictions on permits and visas affecting Flywire's operations was underrepresented, misleading investors regarding potential risks.
3. The public statements made by the company were materially misleading during the period cited.

On February 25, 2025, Flywire released its financial results for the fourth quarter of 2024. These results were disappointing; Flywire reported a substantial net loss of $15.9 million, missed key estimates, and announced a restructuring plan that involved reducing the workforce by 10%. The immediate fallout from this news saw the company's stock plummet by over 37%, closing at $11.05 per share on February 26, 2025.

Importance of the Lead Plaintiff

The role of the lead plaintiff is critical in these proceedings, as this individual will represent the collective interests of the affected investors in court. The lead plaintiff is usually the investor with the largest financial stake seeking justice and is expected to guide the lawsuit effectively. However, investors are reminded that participation as lead plaintiff is optional; individuals may also choose to remain as part of the class without taking on this role.

Contacting Faruqi & Faruqi

Faruqi & Faruqi has encouraged any investors adversely affected or who have relevant information regarding Flywire's activities to reach out. This includes whistleblowers, former employees, and shareholders who might provide insight into the company's operations and communications that could bolster the case. This is particularly relevant given the complexities surrounding securities law and the nature of corporate disclosures.

To get involved or to understand your rights as an investor affected by Flywire's corporate actions, please visit Faruqi & Faruqi’s website or contact attorney Josh Wilson at 877-247-4292.

This situation is yet another reminder of the inherent risks in investing and the necessity of staying informed about one's investments. As the deadline approaches, affected investors are encouraged to gather their documentation and consult with legal professionals to assess their options before the crucial deadline elapses. Faruqi & Faruqi has been proactive in advocating for investors' rights, having secured hundreds of millions of dollars for clients since its establishment in 1995, and continues to stand by those who might be wronged by corporate malfeasance.