Potential Class Action Lawsuit Filed Against Fly-E Group, Inc.: What Investors Should Know

Class Action Lawsuit Against Fly-E Group, Inc.

Overview

On September 18, 2025, Pomerantz Law Firm issued an important announcement for investors in Fly-E Group, Inc. (NASDAQ: FLYE). The firm disclosed that a class action lawsuit has been initiated against the company and its management for potential securities fraud and other unlawful business practices. This move marks a significant step for shareholders who may have suffered financial losses due to the company's recent troubles.

Background

The litigation was triggered after Fly-E reported a staggering 32% decrease in net revenues in its NT 10-Q filing for the first quarter of fiscal year 2026. This decline was attributed to a reduction in total units sold, which the company linked to recent accidents involving lithium batteries used in E-bikes and E-scooters. As a result of this adverse news, Fly-E's stock price plummeted by $6.76 per share (an 87.11% drop), closing at just $1.00 on August 15, 2025.

Investors' Rights

Pomerantz LLP is advising investors who acquired Fly-E securities during the specified Class Period to contact their office as they may be eligible to participate in the lawsuit. According to the announcement, affected investors have until November 7, 2025, to request appointment as Lead Plaintiff in the case. This is a crucial opportunity for investors to reclaim losses sustained from their investments in Fly-E.

Interested shareholders can reach out to the firm through an email to Danielle Peyton at [email protected], or by calling 646-581-9980 or toll-free at 888.4-POMLAW, Extension 7980. When reaching out, investors are encouraged to include their contact information and details about their share purchases to facilitate the process.

The Role of Pomerantz LLP

Established over 85 years ago by the late Abraham L. Pomerantz, the firm has built a reputation as a leader in corporate, securities, and antitrust class litigation. It has successfully advocated for a multitude of class members, recovering significant damages for victims of securities fraud and corporate misconduct. The firm continues to uphold the legacy of fighting for the rights of shareholders, which makes their involvement in the Fly-E case particularly notable.

Conclusion

As the situation develops, it is essential for investors in Fly-E Group, Inc. to be aware of their rights and the actions they can take to potentially safeguard their investments. The upcoming deadlines for participation in the class action lawsuit present a crucial window for affected shareholders to consider legal recourse. For those interested, further information and documentation about the lawsuit can be found at Pomerantz Law Firm's website.

Stay informed about the implications of this lawsuit and its potential impact on your investments in Fly-E Group, Inc.