1. Class action lawsuit filed against Flywire for securities fraud. 2. Allegations include misleading statements about revenue growth sustainability. 3. Investors impacted from February 28, 2024, to February 25, 2025. 4. Flywire downplayed effects of visa restrictions on business. 5. Lawsuit details suggest potential for significant investor losses.
The nature of the allegations suggests a credible risk to Flywire's reputation and financial performance, similar to past instances with other firms facing similar lawsuits which negatively affected shares.
The allegations could lead to significant financial repercussions, impacting stock value as investors react.
Investor sentiment may be affected quickly, but long-term effects depend on lawsuit outcomes and corporate actions.
LOS ANGELES, Aug. 21, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, has filed a class action lawsuit against Flywire Corporation ("Flywire" or "the Company") (NASDAQ: FLYW) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between February 28, 2024 and February 25, 2025, inclusive (the "Class Period"), are encouraged to contact the firm before September 23, 2025.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Flywire overstated the sustainability of its revenue growth. The Company downplayed the negative impact that restrictions on visas and permits would have on its business. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Flywire, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com
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SOURCE The Schall Law Firm