#United States #San Diego #Class Action #Robbins LLP #Fly-E Group

Robbins LLP Calls for Action from FLYE Shareholders

In the world of investments, the stakes are high, and the losses can be shocking. Many investors in Fly-E Group, Inc. (NASDAQ: FLYE) are currently grappling with significant financial losses due to misleading information issued by the company. As of August 14, 2025, Fly-E filed a notification indicating its inability to timely provide necessary financial reports, revealing a troubling 32% drop in revenue compared to the previous year. This downturn was primarily attributed to a decline in unit sales, directly affected by increased concerns about safety risks associated with lithium batteries used in their products.

The class action lawsuit initiated by Robbins LLP aims to address these grievances from shareholders who made their investments in the company between July 15 and August 14 of 2025. Robbins LLP has highlighted that during this period, Fly-E executives misrepresented the company’s financial outlook, creating a facade of optimism regarding anticipated sales and revenue growth. This misrepresentation is believed to have deceived many investors, prompting them to make purchasing decisions based on unfounded claims.

The prevailing sentiment among current and former shareholders is one of frustration and betrayal, as it has become evident that the management downplayed numerous risks associated with their products, including supply chain concerns and fluctuations in demand for electric vehicles (EVs). Despite ongoing safety issues in the EV sector, particularly around lithium batteries, Fly-E continued to paint an optimistic picture, contributing to inflated stock prices and misguided investor confidence.

Following the alarming SEC filing, Fly-E's stock swiftly plummeted from a price of $7.76 per share to a staggering $1.00 the following day—a dramatic decline of approximately 87%. This sharp drop not only underscores the volatility of the stock but also the pressing need for accountability from Fly-E’s management.

Robbins LLP is currently reaching out to individuals or entities who acquired FLYE shares during the impacted period, encouraging them to join the lawsuit. Participation in the class action does not require stakeholders to take an active role in the litigation process; however, those wishing to step forward as lead plaintiffs will be represented in their pursuit of damages. Such legal support is vital to ensuring that shareholder rights are upheld, and petitioners navigate the complexities of securities law effectively.

For shareholders concerned about the implications of the class action, they can contact Robbins LLP directly for guidance. The firm operates on a contingency fee basis, meaning shareholders are not burdened with any upfront legal costs, as fees will be recuperated only from the settlement proceeds. This financial model is designed to ensure that justice is within reach for every impacted investor, regardless of their financial situation.

The proactive approach taken by Robbins LLP serves to remind shareholders of their rights and the importance of corporate accountability. As a reputable firm specializing in shareholder rights litigation since 2002, Robbins LLP is dedicated to aiding investors in recovering losses and pressing for improved corporate governance.

In a world where information is power, shareholders must remain vigilant, knowledgeable, and ready to take action. If you are a Fly-E shareholder who experienced financial losses, now is the time to seek recourse. To stay informed about further developments and when the lawsuit may settle, consider signing up for updates from Robbins LLP or participating actively in the class action.

Next Steps for Affected Shareholders

• - Contact Robbins LLP: Reach out via their website or call for further assistance and guidance.
• - Stay Informed: Sign up for Stock Watch alerts to remain updated about potential settlements and relevant corporate developments.
• - Evaluate Your Position: Decide if you want to be a lead plaintiff or remain an absent class member, ensuring you understand both options thoroughly.

Investing involves risk, and misrepresentation can lead to devastating financial repercussions. Thus, it is imperative that Fly-E investors act swiftly to protect their interests and work collectively to hold the company accountable for its actions.