#United States #San Diego #Robbins LLP #Flywire Corporation #FLYW

Robbins LLP Urges FLYW Investors to Join Class Action

As the date approaches for investors to join the class action lawsuit against Flywire Corporation (NASDAQ: FLYW), Robbins LLP is reminding stakeholders of their rights and the potential for recovery from significant losses. If you purchased or obtained Flywire securities between February 28, 2024, and February 25, 2025, you may qualify to become a lead plaintiff in this lawsuit.

Background on the Class Action

The class action centers around allegations that Flywire misled its investors regarding its business trajectory and financial health. According to the complaint filed, the company did not disclose critical information regarding its revenue growth, making it seem more robust than it truly is. Specifically, concerns were raised about the effects of permit and visa restrictions on Flywire's business. This troubling situation culminated in disappointing financial results that rocked investor confidence.

On February 25, 2025, Flywire released a press statement detailing their fourth quarter and full-year 2024 results, which were far below expectations. In a shocking revelation during a subsequent conference call, the company announced that revenue in its Canadian and Australian markets was expected to drop over 30% year-on-year due to new visa regulations and other policy changes that were adversely affecting demand. The repercussions were immediate, with analysts quickly downgrading their recommendations and decreasing price targets for Flywire's stock.

The Impact on Investors

Following this announcement, the market reacted violently, and Flywire’s stock price plummeted by $6.59, or 37.36%, closing at $11.05 per share the next day. This significant loss underscores the importance for affected investors to investigate their options regarding legal action. Robbins LLP is actively seeking investors who may have been misled, as they work to ensure justice is served.

What You Should Do

Investors who wish to assert their rights as potential lead plaintiffs are encouraged to take action promptly. According to Robbins LLP, lead plaintiffs play an essential role in steering the lawsuit on behalf of all class members. Those interested can submit a form for more information, reach out directly to attorney Aaron Dumas, Jr., or call Robbins LLP at (800) 350-6003.

It's important to note that representing shareholders in this class action comes at no financial burden to them; Robbins LLP operates on a contingency fee basis, meaning that shareholders will incur no legal fees unless they see a recovery. For those hesitant to participate actively in the lawsuit, they remain eligible for any settlements without doing anything at all, effectively allowing them to be 'absent class members.'

About Robbins LLP

Robbins LLP is widely recognized for its dedication to enforcing shareholder rights. Since 2002, the firm has focused on helping investors recover losses while also pushing for corporate governance improvements and accountability from company executives who have fallen short in their duties. By participating in this lawsuit, investors can play a part in holding Flywire accountable for its alleged misrepresentations and seeking justice for their losses.

For those who wish to keep abreast of developments regarding this class action against Flywire Corporation, signing up for Stock Watch is a wise decision to receive alerts on settlements or other corporate misconduct involving executives. Remember, the road to justice starts with informed actions—make sure your voice is heard before it's too late.