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Fly-E Group shareholders may sue over alleged fraud after stock plunged 87% following safety and financial misstatements.
Shareholders of Fly-E Group, Inc. (FLYE) may be eligible to join a class action lawsuit over alleged securities fraud, claiming the company made misleading statements about its lithium battery safety and financial health between July 15 and August 14, 2025.
The lawsuit alleges that Fly-E concealed material risks tied to battery incidents in e-bikes and e-scooters, which led to a 32% drop in net revenue and a nearly 87% one-day stock plunge from $7.76 to $1.00 on August 15, 2025, after the company disclosed it could not timely file its Q1 2026 financial report.
Investors who suffered losses during that period may seek recovery through the legal action, with several law firms offering free evaluations and no upfront costs.
A deadline to request lead plaintiff status is November 7–10, 2025, depending on the firm.
No class has been certified yet.
Los accionistas de Fly-E Group pueden demandar por presunto fraude después de que las acciones se desplomaran un 87% debido a errores financieros y de seguridad.