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Fly-E Group, Inc. Sued for Securities Law Violations - Contact The Gross Law Firm Before November 10, 2025 to Discuss Your Rights - FLYE

1. FLYE shareholders may seek lead plaintiff status in class action lawsuit. 2. Allegations involve false statements concerning lithium battery safety impacting sales. 3. Net revenues dropped 32% due to decreased unit sales linked to battery accidents. 4. Share price fell 87% from $7.76 to $1.00 within a day post-announcement. 5. Deadline to register for claims is November 10, 2025.

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FAQ

Why Very Bearish?

The dramatic drop in stock price reflects severe investor distrust and potential legal ramifications. Historical precedents show that similar lawsuits often lead to further declines due to uncertainties surrounding company liabilities.

How important is it?

The class action lawsuit indicates significant investor loss and potential operational issues, highly relevant to FLYE's future stock stability.

Why Long Term?

The negative implications of litigation can overshadow FLYE's market presence, affecting future performance. Past events, like stock collapses due to legal troubles, highlight prolonged adverse impacts.

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TSLANIOLI
, /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Fly-E Group, Inc. (NASDAQ: FLYE). Shareholders who purchased shares of FLYE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.` CONTACT US HERE: https://securitiesclasslaw.com/securities/fly-e-group-inc-loss-submission-form/?id=168879&from=4 CLASS PERIOD: July 15, 2025 to August 14, 2025 ALLEGATIONS: According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the safety of Fly-E's lithium battery which in turn took a material toll on its E-vehicle sales revenue, despite making lofty long-term projections, Fly-E's forecasting processes fell short as sales continued to decline and operating expenses increased, ultimately, derailing the Company's revenue projections. On August 14, 2025, the truth emerged when Fly-E filed a form NT 10-Q: Notification of inability to timely file Form 10-Q for the first quarter of fiscal year 2026 revealing a substantial decrease of 32% in net revenues "primarily driven by a decrease in total units sold." In pertinent part, the Company attributed the decline to "recent lithium-battery accidents involving E-Bikes and E-Scooters." Following this news, the price of Fly E's common stock declined dramatically. From a closing market price of $7.76 per share on August 14, 2025, Fly-E's stock price fell to $1.00 per share on August 15, 2025, a decline of about 87% in the span of just a single day. DEADLINE: November 10, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/fly-e-group-inc-loss-submission-form/?id=168879&from=4 NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of FLYE during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is November 10, 2025. There is no cost or obligation to you to participate in this case. WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:The Gross Law Firm15 West 38th Street, 12th floorNew York, NY, 10018Email: [email protected]Phone: (646) 453-8903 SOURCE The Gross Law Firm WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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