#United States #New York #Class Action #Securities #Fly-E Group

Legal Alert: Fly-E Group Class Action Lawsuit

Fly-E Group, Inc., listed on NASDAQ under the ticker FLYE, is currently embroiled in a significant legal battle as it faces a class action lawsuit for alleged violations of securities laws. The law firm Levi & Korsinsky, LLP has stepped in to represent investors who believe they have suffered losses due to the company's questionable practices.

Background of the Case

The lawsuit specifically targets actions and statements made by Fly-E's executives between July 15, 2025, and August 14, 2025. Plaintiffs claim that Fly-E Group misled investors regarding its financial health and future revenue expectations, creating a false narrative around its anticipated sales and overall company outlook. This discrepancy between Fly-E's public statements and its actual performance has left many investors seeking justice and compensation for their losses.

One of the key issues reported in the suit is that the company may have overstated its demand for electric vehicle (EV) products, including E-Bikes and E-Scooters, by promoting an optimistic revenue trajectory devoid of true market indicators. Additionally, it was alleged that the leadership downplayed significant risks involving their supply chain and the regulatory landscape, which could impact their business operations and future growth.

Class Action Details

As outlined by Levi & Korsinsky, the class action is designed to recover damages for investors who bought Fly-E Group’s stock during the stipulated timeframe and may have suffered financial harm as a result of the misleading information. Affected investors are encouraged to act swiftly, as the deadline to seek lead plaintiff status is November 7, 2025. However, being a lead plaintiff is not a requirement for investors who would like to join the lawsuit.

Investors are assured that participating in this class action entails no out-of-pocket expenses. If the outcome favors the plaintiffs, involved investors could receive compensation based solely on their financial loss, with no fees tied to legal representation, alleviating any barrier to participation.

Next Steps for Affected Investors

For those interested in seeking restitution, Levi & Korsinsky provides several means of contact to initiate the process and learn about their rights. Many investors can directly reach out via email or telephone to begin the claims process. This proactive approach could lead to significant recovery for those affected by the alleged fraud.

If you think you might qualify for this class action, reach out to Levi & Korsinsky's legal team for confidential advice and guidance on your options moving forward. They have a reputable history, having helped numerous clients secure significant settlements in complex securities litigation over the past two decades. The team prides itself on its extensive expertise in protecting investors' rights and interests.

Why Choose Levi & Korsinsky?

Levi & Korsinsky stands out in the field of securities litigation, having achieved considerable successes in the past. Their commitment to fight for fairness and transparency resonates well with investors who have been wronged. Furthermore, they consistently rank among the top securities litigation firms in the U.S. according to ISS Securities Class Action Services, making them trustworthy advocates in the ongoing fight for justice.

This situation underscores the importance of thorough due diligence when investing. Fly-E Group’s predicament serves as a cautionary tale for current and future investors to remain vigilant and informed, ensuring their investments are safeguarded against unverifiable claims. As Fly-E Group navigates through turbulent waters, affected stakeholders should seek the guidance of seasoned attorneys to maximize their chances of recovery.