Fly-E Group Faces Class Action for Alleged Securities Violations: Shareholders Sought

Fly-E Group, Inc. Faces Class Action Lawsuit for Securities Law Violations

In recent developments, Fly-E Group, Inc. (NASDAQ: FLYE) is facing a class-action lawsuit initiated by The Gross Law Firm. This legal action is aimed at shareholders who acquired shares during a specific timeframe. Investors who purchased Fly-E shares between July 15, 2025, and August 14, 2025, are particularly encouraged to reach out to the firm to discuss their options concerning potential lead plaintiff appointments.

Allegations Against Fly-E Group

The lawsuit alleges that the company misled its investors by providing optimistic statements regarding its business outlook and safety protocols related to its lithium battery technology. Despite the upbeat predictions, the lawsuit states that the company was concealing significant negative information that ultimately affected its sales performance.

On August 14, 2025, Fly-E revealed its inability to file the expected quarterly report due to a staggering 32% drop in net revenues attributed to a downturn in sales units. This information was shockingly tied to several recent accidents involving their lithium batteries, particularly concerning E-Bikes and E-Scooters. As a consequence of this announcement, Fly-E’s stock price plummeted from $7.76 per share to $1.00 the following day, marking an appalling 87% loss in value.

Importance of Actively Engaging

The Gross Law Firm has stressed the importance of timely engagement by affected shareholders, highlighting that registration in the class action does not require any financial commitment or obligation. Interested parties have until November 10, 2025, to register and secure their place in the ongoing case. Once registered, shareholders will receive consistent updates regarding the case's developments through portfolio monitoring software.

The Mission of The Gross Law Firm

The Gross Law Firm is renowned for its commitment to safeguarding the rights of investors who have suffered due to deceptive practices in the corporate sector. Their ethos revolves around ensuring accountability among companies and advocating for responsible business conduct. They strive to offer restitution to investors affected by false representations and inadequate disclosures that may have inflated stock valuations unfairly.

Next Steps for Shareholders

For shareholders who may have been negatively impacted, it is vital to act swiftly. Registration via the firm's website will not only clarify participants' rights but also introduce them to a community of investors in similar situations. The next steps include submitting necessary documentation related to share purchases and enrolling in active case monitoring.

Given the aggressive legal landscape surrounding corporate transparency, understanding the implications of such allegations against Fly-E Group is crucial. Shareholders are urged to consider their rights carefully and determine if they want to pursue action.

Contact Information

The Gross Law Firm can be reached at their New York office:

- Address: 15 West 38th Street, 12th floor, New York, NY 10018
- Phone: (646) 453-8903
- Website: Gross Law Firm

Conclusion

The situation with Fly-E Group underscores the necessity for investors to remain vigilant and informed, particularly in an industry as fast-changing as that of electric vehicles and battery technology. By taking appropriate actions, investors can protect their interests and contribute to a larger movement advocating for corporate accountability.