#United States #New York #Class Action #Bronstein #LLC #Fly-E Group

Fly-E Group, Inc. Investors Alert

In an important announcement, Bronstein, Gewirtz & Grossman, LLC, a prominent law firm in the field of securities fraud, has notified investors about an opportunity to lead a class action lawsuit against Fly-E Group, Inc. This notice comes in the wake of allegations that the company may have misled its investors regarding the safety of its lithium battery technology used in electric vehicles.

Overview of the Class Action

The proposed class action pertains to individuals and institutions that purchased securities in Fly-E between July 15, 2025, and August 14, 2025. During this period, it's claimed that the company made false and misleading statements that concealed significant risks concerning its technology, which ultimately led to a notable decline in electric vehicle sales revenue.

Allegations

According to the filed complaint, Fly-E Group is accused of several serious violations:
1. Misleading Communication: The company allegedly provided overly optimistic statements while failing to reveal critical adverse facts about its lithium battery safety issues.
2. Impact on Sales: These undisclosed safety concerns are said to have negatively influenced Fly-E's revenue from electric vehicle sales, contrary to the company’s projections.
3. Flawed Forecasting: The complaint claims that Fly-E's revenue forecasts lacked a solid basis and did not adequately account for increasing operational costs alongside declining sales.
4. Materially False Statements: The defendants are accused of misrepresenting the business operations and prospects of Fly-E, leading investors to make decisions that resulted in heavy financial losses.

Next Steps for Investors

If you are an investor in Fly-E who has faced losses due to these events, you are encouraged to participate in the lawsuit. The law firm states that the deadline to apply for lead plaintiff status in this case is November 7, 2025. Interested parties can visit the firm’s website at bgandg.com/FLYE for more information and to review the full complaint.

Cost and Representation

One reassuring aspect of this class action lawsuit is that representation is offered on a contingency fee basis. This means that legal fees will only be charged if the firm is successful in recovering funds for investors. Thus, there is no upfront cost to plaintiffs, and all expenses incurred will be handled after a successful outcome.

The Law Firm’s Reputation

Bronstein, Gewirtz & Grossman, LLC has built a strong reputation for representing investors in securities fraud class actions, having recovered substantial amounts for their clients nationwide. Their extensive experience in shareholder derivative suits underscores their commitment to seeking justice for investors who have suffered due to corporate misconduct.

In conclusion, investors affected by Fly-E Group's alleged misleading practices should act promptly and consider joining the class action to seek justice and potential compensation for their losses. For further assistance or queries, investors can contact the law firm’s representatives directly.

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