#United States #New York #Securities Fraud #Pomerantz LLP #Fly-E Group

Pomerantz Law Firm Takes Action Against Fly-E Group, Inc.

Pomerantz LLP, a prominent law firm recognized for its expertise in securities litigation, has announced the initiation of a class action lawsuit against Fly-E Group, Inc. (NASDAQ: FLYE), a company that has recently faced scrutiny over allegations of securities fraud. The lawsuit concerns the company's recent performance that has left many investors dissatisfied and financially impacted.

Allegations of Fraud

The class action has been filed following notable claims that Fly-E and some of its top executives have engaged in deceptive practices affecting its stock value and investor confidence. According to legal representatives, this lawsuit aims to protect investors who have suffered losses due to potential malpractice.

Key developments that led to the lawsuit include Fly-E's filing on August 14, 2025, indicating their inability to release a timely Form 10-Q for the first quarter of the fiscal year. This delay was associated with a staggering 32% drop in net revenues, primarily linked to a decline in sales and recently reported incidents involving lithium-battery failures in E-Bikes and E-Scooters.

These revelations brought about a massive fallout for the company, resulting in a staggering 87.11% decline in stock price, as shares plummeted from $6.76 to $1.00 within a day. Such a dramatic fall showcases significant instability within the firm and raises alarms about possible underlying issues influencing investor decisions.

Important Deadlines and Call to Action

Investors who sustained losses during the designated Class Period are strongly encouraged to come forward and contact Pomerantz LLP. Interested parties can reach out to attorney Danielle Peyton via email or telephone, ensuring they express their intent to join the lawsuit. Specifically, those looking to potentially lead the class must act before the approaching deadline on November 7, 2025.

By joining the class action, investors can collectively hold Fly-E accountable for its alleged irregularities, seeking measures to recover their financial losses. A press release from Pomerantz suggests providing essential contact information, including mailing address and number of shares purchased when reaching out.

The Legacy of Pomerantz LLP

Pomerantz LLP's legacy in securities class action is well-established. Founded by Abraham L. Pomerantz, who was a pioneer in this legal field, the firm continues to advocate for investors' rights against corporate misconduct. Their extensive experience has led to substantial damages being awarded to class members in previous cases, ensuring justice is upheld in the face of potential fraud.

The firm, which operates offices across major cities including New York, Chicago, and Los Angeles, reaffirms its commitment to providing effective representation in complex legal disputes involving securities and corporate misconduct.

Conclusion

The ongoing class action lawsuit against Fly-E Group, Inc. sheds light on the critical need for accountability in corporate governance and the protection of investor interests. As the case progresses, it stands as a pivotal moment for those affected, potentially setting precedents for handling future breaches in securities laws. Investors are reminded to stay informed and proactive in safeguarding their investments.

For additional information about this class action and how to join, visit Pomerantz Law Firm's website.