Investor Alert: Class Action Lawsuit Filed Against Fly-E Group, Inc. Due to Alleged Securities Fraud

Investor Alert: Class Action Lawsuit Filed Against Fly-E Group, Inc.

Pomerantz Law Firm has made headlines with the announcement of a class action lawsuit against Fly-E Group, Inc., a company listed on NASDAQ under the symbol FLYE. This legal notice is particularly crucial for investors who have suffered financial losses related to their investments in Fly-E.

Background of the Lawsuit

The implicating details of the lawsuit revolve around allegations of securities fraud and unlawful business practices committed by Fly-E and specific officers or directors within the company. Investors who bought or otherwise acquired Fly-E securities during the relevant class period are invited to join the lawsuit. They have until November 7, 2025, to request the court to appoint them as Lead Plaintiff in the proceedings.

Laura Peyton, representing Pomerantz LLP, is a primary contact for investors seeking to get further details. Investors are encouraged to connect via email at [email protected] or call 646-581-9980 for more information. This notice signifies an important moment for investors who are desperate for answers and resolution over their losses.

Recent Developments Impacting Fly-E

In a concerning revelation on August 14, 2025, Fly-E announced its inability to file its quarterly report on time, citing a significant 32% decline in net revenues. The company attributed this downturn to reduced sales of total units, largely following recent accidents involving lithium batteries in E-Bikes and E-Scooters. The consequences of this news were immediate, with Fly-E's stock plummeting by 87.11%, falling to $1.00 per share on August 15, 2025.

These developments have raised eyebrows among investors and have prompted legal action as the confidence in the company's management comes under scrutiny. Fly-E's failure to uphold its obligations and maintain operational integrity reflects a deeper concern about its future trajectory and how it may impact shareholders.

About Pomerantz Law Firm

Pomerantz LLP is renowned for its assertive stance in corporate, securities, and antitrust class litigation. With a history exceeding 85 years, the firm has established itself as a leader in protecting the rights of individuals against corporate misconduct. Founded by the late Abraham L. Pomerantz, the firm has successfully recovered significant damages for class members in numerous cases of securities fraud and breaches of fiduciary duty. Their commitment to justice continues to set a precedent within the legal framework governing financial securities.

While the outcome of the current lawsuit awaits deliberation, investors affected by Fly-E's troubling news should remain proactive. Being aware of their rights and the developments surrounding this lawsuit can aid them in navigating these turbulent circumstances.

Conclusion

Investors impacted by the recent fall of Fly-E Group, Inc. are advised to stay informed and contemplate joining the class action. The legal proceedings promise to bring attention to the alleged misconduct and hopefully provide clarity and restitution for those who experienced losses. For engaging in this class action, interested parties should reach out to Pomerantz LLP promptly and participate before the deadlines.