Investors Of Fly-E Group Should Act Promptly Following Securities Law Violations Litigation

Fly-E Group, Inc. Sued for Securities Law Violations

Overview
Fly-E Group, Inc. (NASDAQ: FLYE) is currently embroiled in legal controversies as a lawsuit has been filed against it for purported violations of securities law. The Gross Law Firm has issued notices to shareholders, highlighting the importance of connecting with the firm to understand their rights and potential recovery options.

Details of the Allegations

The lawsuit alleges that Fly-E Group made misleading statements to investors regarding the safety of its lithium batteries, which are integral to its line of E-vehicles. Despite projecting optimistic future sales, the actual sales began to decline significantly, raising concerns about the company's forecasting abilities. The allegations gathered momentum after the company's financial issues were publicly acknowledged.

On August 14, 2025, Fly-E Group revealed in a filing a shocking 32% drop in net revenues during the first quarter of fiscal year 2026. The company attributed this alarming decline to a reduction in sales units, which it linked to recent lithium battery incidents involving E-bikes and E-scooters.

This revelation led to a dramatic fall in Fly-E's stock price, plummeting from $7.76 to just $1.00 per share in the aftermath of the news – an astonishing drop of around 87% within a single day.

Actions for Shareholders

The Gross Law Firm urges shareholders who purchased shares of Fly-E during the class period of July 15 to August 14, 2025, to act quickly in registering for potential collective action. The firm aims to establish a lead plaintiff to represent the interests of shareholders who may have experienced losses due to the alleged misleading practices by Fly-E Group.

Shareholders have until November 10, 2025, to file their information. No upfront fees are needed to participate, ensuring that shareholders maximize their opportunities for recovery while minimizing their financial risks. Additionally, registered shareholders will be equipped with a portfolio monitoring service to keep them updated about the case’s progress.

The Gross Law Firm's Commitment

The Gross Law Firm is recognized nationally for its role in protecting the rights of investors affected by deceptive corporate practices. Their mission centers on holding companies accountable for their actions through class action lawsuits, thereby ensuring that investors can receive the justice they deserve.

The firm is dedicated to advocating for those harmed by misleading information and is prepared to assist shareholders in navigating this complex legal situation. With a history of successful outcomes, investors are encouraged to contact the law firm for support.

Conclusion

As Fly-E Group faces mounting pressure from both the legal system and its shareholders, the ongoing developments will be crucial for the firm’s future and its investors. Those affected by the stock's volatile behavior and the recent lawsuit are strongly encouraged to reach out to The Gross Law Firm and secure their stake in potential recovery efforts.

For inquiries, shareholders can contact The Gross Law Firm at:

- Email: [contact email]
- Phone: (646) 453-8903
- Address: 15 West 38th Street, 12th Floor, New York, NY 10018.

Staying informed and proactive could make a significant difference for investors affiliated with Fly-E Group.