1. Pomerantz LLP investigates claims for Fly-E investors regarding potential fraud. 2. A report states Fly-E's stock may be manipulated and could collapse. 3. Following the report, Fly-E's stock price experienced a significant decline.
The claims of securities fraud and stock manipulation suggest severe risks. Historical cases, like Enron, show poor performance post-scandal.
The investigation's nature signals heightened risk for investors and substantial influence on stock price.
Immediate investor panic can lead to rapid price drops, evidenced by recent stock performance.
NEW YORK, Aug. 25, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Fly-E Group, Inc. ("Fly-E" or the "Company") (NASDAQ:FLYE). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Fly-E and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On August 13, 2025, The Bear Cave published a report asserting that Fly-E's "stock . . . is being manipulated by overseas stock scammers, is in the end stages of a pump-and-dump scheme, and is at risk of a near-term, severe stock collapse." The Bear Cave report further asserted that "Fly-E Group produces products that endanger the safety of all New Yorkers."
Following publication of the Bear Cave report, Fly-E's stock price fell sharply over several consecutive trading sessions.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980
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SOURCE Pomerantz LLP