#United States #New York #Class Action #ClaimsFiler #Flywire

Flywire Corporation Shareholder Alert

Flywire Corporation, listed under the ticker FLYW, is currently at the center of a potential class action lawsuit, prompting ClaimsFiler to inform investors about critical deadlines. According to ClaimsFiler, an information service dedicated to assisting shareholders, individuals who suffered losses exceeding $100,000 in the company's securities are encouraged to act swiftly.

Deadline for Filing Claims

Investors have until September 23, 2025 to submit their lead plaintiff applications against Flywire Corporation. This deadline concerns those who purchased Flywire's securities from February 28, 2024 to February 25, 2025. Failing to meet this deadline may result in the loss of the ability to recover potential claims.

The lawsuit is currently pending in the United States District Court for the Eastern District of New York. Investors can find further information and assistance by visiting the ClaimsFiler website or calling their toll-free hotline.

Understanding the Lawsuit

The core of the allegations against Flywire and some of its executive team revolves around failing to disclose important information regarding the company's financial performance, which is a breach of federal securities laws. On February 25, 2025, Flywire announced disappointing financial results for the fourth quarter and overall fiscal year 2024, revealing a loss per share of $0.12, a figure that fell short of analysts' expectations by the same amount. Additionally, they reported revenues of $117.6 million, lacking by $1.25 million compared to consensus forecasts. This disclosure cited a challenging macroeconomic environment as a significant hindrance to their performance.

Following this announcement, Flywire’s stock price plummeted by nearly 37.36%, dropping from $17.64 to close at $11.05 per share by the end of February 26, 2025. Such a drastic decline in share price underscores the serious impact of the company’s reporting and raised numerous concerns among investors.

Action Steps for Investors

It is imperative for affected investors to consider their next steps carefully. Those wishing to pursue claims against Flywire for their losses are urged to register for free with ClaimsFiler to access comprehensive information about various securities class actions. Investors can also upload their transaction data, which will notify them about related securities cases that may be of financial interest.

Investors looking for legal insight can consult with the attorneys at Kahn Swick & Foti, LLC, who are prepared to evaluate potential cases without charge. The details are crucial for any investor considering participation in this lawsuit.

About ClaimsFiler

ClaimsFiler serves as a valuable resource for retail investors seeking information about securities class action settlements. Their website offers tools for investors to not only file claims but also track relevant legal developments. The mission of ClaimsFiler is to support investors in reclaiming their rightful shares from securities class action settlements that could total billions of dollars.

For those looking to understand their rights and file a claim, ClaimsFiler’s comprehensive information service is a step in the right direction. Potential plaintiffs are encouraged to act promptly to ensure their voices are heard and their claims are accounted for.

In summary, Flywire Corporation investors facing losses need to act quickly to meet the deadlines established in this ongoing class action case. Understanding the gravity of the situation and utilizing available resources will help ensure that investors can navigate the complexities of securities litigation effectively.