Class Action Lawsuit Filed Against Flywire Corporation by Pomerantz Law Firm
On August 11, 2025, Pomerantz Law Firm announced the initiation of a class action lawsuit targeting Flywire Corporation (NASDAQ: FLYW) and certain company officials. This legal action, filed in the United States District Court for the Eastern District of New York under docket number 25-cv-04110, aims to represent investors who purchased Flywire securities between February 28, 2024, and February 25, 2025. The class action seeks to recover damages resulting from alleged violations of federal securities laws by the defendants.
The lawsuit is particularly relevant for those who invested in Flywire during the specified class period. Investors are urged to consider their options by September 23, 2025, if they wish to join the lawsuit as lead plaintiffs. Interested parties can obtain a copy of the complaint from the Pomerantz Law Firm’s website, www.pomerantzlaw.com, or contact Danielle Peyton for further information.
Flywire Corporation operates as a payments-enablement and software company serving clients across various sectors, prominently in education. The firm combines a payment platform and specialized software to facilitate transactions between businesses and their customers. However, the company heavily depends on international student enrollments and preferences, making its education vertical particularly crucial for financial analysis.
Recent government policy changes in Canada and Australia have directly impacted Flywire's business model. In January 2024, Canada announced new caps on international student permit applications leading to a significant decline in incoming students. This has caused a corresponding downturn in payment flows and revenue for Flywire, raising alarms among investors and analysts. Similarly, the tightening of visa regulations in Australia has exerted further pressure on Flywire’s operations, complicating its revenue forecasts.
Despite these challenges, Flywire's executives, including CEO Michael Massaro, have continued to project an optimistic outlook regarding the company’s revenue and business stability. Notably, in November 2024, they claimed that the company would maintain healthy revenue growth, maintaining that the headwinds from permit and visa restrictions would be minimal. They anticipated a steady growth range in foreign exchange-neutral revenue for 2025.
However, the realities turned starkly different when Flywire released its fourth quarter and fiscal year 2024 financial results in February 2025. The company disclosed a loss of $0.12 per share, missing expected benchmarks. In a subsequent conference call, the company's executives pointed to deteriorating conditions in their education vertical, blaming the decline on mounting restrictions relating to student visas.
The results prompted many analysts to adjust their recommendations for Flywire's stock, reflecting concern over the company's future performance. In the aftermath of these disclosures, Flywire’s share price fell drastically, losing 37.36% in value on just one day after the results were announced.
Pomerantz Law Firm stands out in securities class action litigation, having a long history of advocating for victims of corporate misconduct. With offices in several major cities across the globe, the firm continues to champion the rights of investors. This involvement in Flywire’s case underlines the growing scrutiny on corporate practices and the importance of transparency regarding financial health and operational challenges.
Investors interested in pursuing legal action against Flywire are encouraged to consider their circumstances promptly, especially keeping the deadline of September 23, 2025, in mind. Pomerantz Law Firm is committed to helping investors navigate this challenging situation, underscoring that prior outcomes in class actions may offer some precedent for successful recovery.
The lawsuit is particularly relevant for those who invested in Flywire during the specified class period. Investors are urged to consider their options by September 23, 2025, if they wish to join the lawsuit as lead plaintiffs. Interested parties can obtain a copy of the complaint from the Pomerantz Law Firm’s website, www.pomerantzlaw.com, or contact Danielle Peyton for further information.
Flywire Corporation operates as a payments-enablement and software company serving clients across various sectors, prominently in education. The firm combines a payment platform and specialized software to facilitate transactions between businesses and their customers. However, the company heavily depends on international student enrollments and preferences, making its education vertical particularly crucial for financial analysis.
Recent government policy changes in Canada and Australia have directly impacted Flywire's business model. In January 2024, Canada announced new caps on international student permit applications leading to a significant decline in incoming students. This has caused a corresponding downturn in payment flows and revenue for Flywire, raising alarms among investors and analysts. Similarly, the tightening of visa regulations in Australia has exerted further pressure on Flywire’s operations, complicating its revenue forecasts.
Despite these challenges, Flywire's executives, including CEO Michael Massaro, have continued to project an optimistic outlook regarding the company’s revenue and business stability. Notably, in November 2024, they claimed that the company would maintain healthy revenue growth, maintaining that the headwinds from permit and visa restrictions would be minimal. They anticipated a steady growth range in foreign exchange-neutral revenue for 2025.
However, the realities turned starkly different when Flywire released its fourth quarter and fiscal year 2024 financial results in February 2025. The company disclosed a loss of $0.12 per share, missing expected benchmarks. In a subsequent conference call, the company's executives pointed to deteriorating conditions in their education vertical, blaming the decline on mounting restrictions relating to student visas.
The results prompted many analysts to adjust their recommendations for Flywire's stock, reflecting concern over the company's future performance. In the aftermath of these disclosures, Flywire’s share price fell drastically, losing 37.36% in value on just one day after the results were announced.
Pomerantz Law Firm stands out in securities class action litigation, having a long history of advocating for victims of corporate misconduct. With offices in several major cities across the globe, the firm continues to champion the rights of investors. This involvement in Flywire’s case underlines the growing scrutiny on corporate practices and the importance of transparency regarding financial health and operational challenges.
Investors interested in pursuing legal action against Flywire are encouraged to consider their circumstances promptly, especially keeping the deadline of September 23, 2025, in mind. Pomerantz Law Firm is committed to helping investors navigate this challenging situation, underscoring that prior outcomes in class actions may offer some precedent for successful recovery.
Topics Financial Services & Investing）
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