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Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Fly-E Group, Inc. (FLYE)

1. A securities class action lawsuit has been filed against Fly-E Group, Inc. 2. The lawsuit claims misleading projections about revenue and demand for FLYE products. 3. Investors who purchased FLYE shares from July 15 to August 14, 2025, are affected. 4. A lead plaintiff motion deadline is set for November 7, 2025. 5. Legal representation is being sought for impacted investors.

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Why Very Bearish?

The class action lawsuit indicates potential fraud and loss of investor confidence, similar to past cases affecting share prices notably in the tech sector. For instance, Tesla faced significant stock price drops due to lawsuits related to misleading statements.

How important is it?

The article discusses a significant legal issue with FLYE, which directly affects investor perception and the company’s market value.

Why Short Term?

The immediate effects on stock prices due to lawsuits are typically seen shortly after news breaks, similar to incidents in other cases where stock plunged rapidly.

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TSLANIORIVN
NEW YORK, Sept. 09, 2025 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of New York on behalf of all persons or entities who purchased or otherwise acquired Fly-E Group, Inc. (“Fly-E” or the “Company”) (NASDAQ: FLYE) securities between July 15, 2025 and August 14, 2025, inclusive (the “Class Period”). The Complaint alleges that Defendants created the false impression that they possessed reliable information pertaining to the Company’s projected revenue outlook and anticipated sales. The Complaint further alleges that in truth, the Company’s optimistic revenue goals and demand for its EV products and services fell short of reality. Investors who purchased or otherwise acquired shares of Fly-E should contact the Firm prior to the November 7, 2025 lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.  If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at tjmckenna@gme-law.com or gegleston@gme-law.com. Please visit our website at http://www.gme-law.com for more information about the firm.

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