#USA #New York #Class Action #Securities Fraud #Fly-E Group

Levi & Korsinsky's Class Action Alert for Fly-E Group, Inc.

On October 1, 2025, Levi & Korsinsky, LLP announced a crucial update for investors in Fly-E Group, Inc. (NASDAQ: FLYE), informing them about an impending class action securities lawsuit. This follows a period of significant turmoil for the company that has led to considerable losses for its investors.

Overview of the Class Action Lawsuit

The lawsuit is structured to recover losses suffered by Fly-E investors between July 15, 2025, and August 14, 2025, due to alleged securities fraud. The law firm encourages investors who were adversely affected to come forward, and provides a link for those interested in more information or who would like to be contacted by their team.

Details of the Case

In the allegations, the company is accused of providing excessively positive statements while simultaneously concealing critical adverse facts regarding the safety of its lithium batteries. This lack of transparency negatively impacted Fly-E's sales revenue within its electric vehicle sector. Despite optimistic long-term forecasts presented to investors, the company faced declining sales figures and increased operating expenses, ultimately undermining their stated revenue projections.

The turning point came on August 14, 2025, when Fly-E filed a form NT 10-Q indicating its inability to meet filing deadlines for its first-quarter earnings report for the fiscal year 2026. This announcement revealed a shocking 32% drop in net revenues, being attributed to a decline in the number of units sold, which was notably linked to accidents involving lithium batteries in e-bikes and e-scooters. As a direct consequence of this news, Fly-E's stock price saw a catastrophic drop, plummeting by approximately 87% from $7.76 to just $1.00 per share within a single day.

Important Dates and Costs

Investors who suffered losses during the specified period have until November 10, 2025, to request the Court appoint them as lead plaintiffs. However, it’s worth noting that participation in any recovery does not necessitate taking on the role of lead plaintiff. Levi & Korsinsky emphasizes that for class members, potential compensation could be obtained without any out-of-pocket costs or fees.

Why Choose Levi & Korsinsky?

Levi & Korsinsky boasts over two decades of experience in advocating for shareholders, successfully securing hundreds of millions of dollars in compensation for aggrieved investors. The firm is highly regarded in the legal community, having been recognized in ISS Securities Class Action Services' Top 50 Report as one of the United States' leading securities litigation firms for seven consecutive years. With a dedicated team of over 70 professionals, they specialize in intricate securities cases, assuring clients of their commitment to successfully represent their interests.

Contact Information

Interested parties are encouraged to reach out to the firm for more information. Levi & Korsinsky, LLP can be contacted through:

• - Joseph E. Levi, Esq.
• - Email: [email protected]
• - Phone: (212) 363-7500
• - Address: 33 Whitehall Street, 17th Floor, New York, NY 10004.

For anyone affected by the recent developments at Fly-E Group, this lawsuit presents a significant opportunity to understand their rights and potential remedies. As the deadline approaches, prompt action will be essential for those wishing to participate.

Stay informed and take the necessary steps to ensure your interests are represented in this ongoing case.