#USA #New York #Class Action #Gross Law Firm #Fly-E Group

Fly-E Investors Reminded of Important Class Action Details

In a recent announcement, The Gross Law Firm has reached out to shareholders of Fly-E Group, Inc. (NASDAQ: FLYE), reminding them of an impending class action lawsuit. Individuals who purchased shares of Fly-E from July 15, 2025, to August 14, 2025, are particularly encouraged to consider their participation in this potential case.

Background of the Lawsuit

The allegations stem from the company's failure to disclose crucial information regarding the safety of its lithium batteries used in electric vehicles. Despite the company presenting an optimistic outlook to investors, significant issues regarding safety were either misrepresented or concealed. This situation ultimately resulted in a dramatic drop in sales revenue and a severe decrease in the company's share value.

On August 14, 2025, after Fly-E filed a notification about its inability to submit its quarterly report on time, it was revealed that the company experienced a staggering 32% decline in net revenues. This downturn was mainly attributed to a decrease in total units sold, and concerns over recent lithium-battery incidents involving e-bikes and e-scooters further exacerbated the situation. Following this announcement, Fly-E's stock plummeted from a market price of $7.76 per share to just $1.00 within a day, marking an approximate 87% decline.

Upcoming Deadlines

The lead plaintiff application deadline is set for November 10, 2025. Shareholders who believe they have a stake in the outcome of the lawsuit are urged to register their information promptly. Although becoming a lead plaintiff is not a prerequisite for recovery, it is crucial for interested parties to act quickly to ensure they are included in communications and updates regarding the case.

To facilitate this process, The Gross Law Firm will register individuals who have purchased Fly-E shares during the specified timeframe in a monitoring system. This service will keep participants informed throughout the legal proceedings without cost or obligation on their part.

Why Choose Gross Law Firm?

The Gross Law Firm has built a strong reputation as a nationally recognized class action law firm. Its mission centers on protecting investors' rights, particularly those who may have faced financial loss due to misinformation or fraudulent practices by companies. The firm emphasizes that its objective is to hold corporations accountable, ensuring that ethical business practices are maintained at all times.

For shareholders of Fly-E Group, any losses incurred due to misleading statements or insufficient disclosures are of paramount concern, and their participation in this class action lawsuit could aid in recovering those losses.

For further details or to register, shareholders can reach out to The Gross Law Firm via their dedicated link.

Conclusion

As the deadline for action approaches, it's imperative for shareholders of Fly-E to stay informed and prepared. This class action lawsuit could be a pivotal opportunity for those affected to seek restitution for their losses and to hold Fly-E accountable for its alleged misrepresentations. Don't miss the chance to join other shareholders in this essential endeavor—make sure you register by the November 10 deadline.

For more information, you may contact The Gross Law Firm directly at their New York office or through their website.