SAN DIEGO, Aug.  10, 2026  (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating potential claims on behalf of current, long-term shareholders of Firefly Aerospace Inc. (NASDAQ:FLY), Flywire Corporation

Johnson Fistel, PLLP Begins Investigation on Behalf of Long-Term Shareholders of Firefly Aerospace Inc. (FLY), Flywire Corporation (FLYW), Fortinet, Inc. (FTNT), and Compass Diversified Holdings (CODI)

Legal investigation raises governance risk for Firefly Aerospace (FLY)

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 <section data-block="information">
 <h3>Information</h3>
 SAN DIEGO, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating potential claims on behalf of current, long-term shareholders of Firefly Aerospace Inc. (NASDAQ:FLY), Flywire Corporation
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 <h3>AI Summary</h3>
 Johnson Fistel disclosed investigations alleging fiduciary breaches at Firefly and other firms, potentially enabling long-term holders to seek governance reforms. Allegations include overstated demand for Firefly’s Spacecraft Solutions and misrepresentation of the Alpha rocket program, along with governance weaknesses at peer companies. For Firefly, the development signals governance risk but no definitive damages yet, likely keeping mood and volatility elevated near-term.
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 <section data-block="ai-summary-bullets">
 <h3>Key Points</h3>
 <ul><li>Johnson Fistel probes Firefly for fiduciary breaches. Long-term holders may seek reforms.</li><li>Allegations claim overstated demand for Spacecraft Solutions and Alpha rocket viability. Stock impact uncertain.</li><li>Other firms in filing include Flywire, Fortinet, CODI; potential cross-firm reforms.</li><li>Holding dates: FLY before Aug 7, 2025 may have standing. Governance reforms possible.</li><li>Promotional legal update; Johnson Fistel provides contacts.</li></ul>
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 <section data-block="companies-mentioned">
 <h3>Companies Mentioned</h3>
 <ul><li>Firefly Aerospace, Inc. (FLY): Subject of fiduciary-breach investigation; potential governance reforms for long-term holders; no settlement details yet.</li><li>Flywire Corporation (FLYW): Involved in similar governance-reform investigations; similar risks to shareholders if misstatements are confirmed.</li><li>Fortinet, Inc. (FTNT): Facing fiduciary-breach investigations; governance improvements possible if allegations hold.</li><li>Compass Diversified Holdings (CODI): Subject of governance-related allegations; potential internal-control and disclosure concerns.</li></ul>
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 <section data-block="category">
 <h3>Legal</h3>
 Category: Legal. The piece centers on investor-rights litigation and fiduciary-duty claims, which can affect governance expectations and potentially valuation if credible facts emerge.
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 <section data-block="market-moving">
 <h3>Market-Moving</h3>
 <ul><li>Legal allegations raise governance risk for Firefly; potential valuation impact if proven.</li><li>No immediate damages disclosed; any price move depends on developments.</li><li>Peers are also named, widening governance-scrutiny across the sector.</li><li>Aug 10, 2026 press date creates a near-term headline catalyst window.</li></ul>
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 <section data-block="key-facts">
 <h3>Key Facts</h3>
 <ul><li>Aug 10, 2026: GlobeNewswire publishes Johnson Fistel investigations into multiple companies including FLY.</li><li>FLY holders prior to Aug 7, 2025 may have standing to seek governance reforms.</li><li>FLYW holders prior to Feb 28, 2024 may have standing to seek governance reforms.</li><li>FTNT holders prior to Nov 8, 2024 may have standing to seek governance reforms.</li><li>CODI holders prior to May 1, 2024 may have standing to seek governance reforms.</li></ul>
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 <section data-block="trading-thesis">
 <h3>Trading Thesis</h3>
 FLY is neutral to mildly bearish in the near term; monitor for settlements or governance reforms over 3–6 months.
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link>SAN DIEGO, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating potential claims on behalf of current, long-term shareholders of Firefly Aerospace Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/FLY">FLY</a>), Flywire Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/FLYW">FLYW</a>), Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/FTNT">FTNT</a>), and Compass Diversified Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CODI">CODI</a>) against certain of their officers and directors for alleged breaches of fiduciary duty. Shareholders who have held shares continuously since prior to the dates listed below may have standing to seek corporate governance reforms, the return of funds to the Company, and a court-approved incentive award, at no cost to them. Firefly Aerospace Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/FLY">FLY</a>) If you have held Firefly Aerospace shares continuously since prior to August 7, 2025, you may have standing to seek corporate governance reforms at Firefly Aerospace, including improvements to internal controls, transparency, and executive oversight. To learn more, visit: <a href="https://www.globenewswire.com/Tracker?data=FRWXT3K9xdatkg4imPeVVNrXvs9hYwRBpofnlDT-KOtz5Yi5ewGVbXqapj0Z7CittKeQxj21OYztrrf1acRDo4IfDzpuKR5AVxK-EudAs7xLTFAbkpF5Cn_FnJRFOGgmXDYUy8TF_lO800cXU4Qwsb58VfQU6n1nIBoYXe9xNsYVqO1pqcBkv-2uHDd7-Y_KT6EHKV4ZAEo2d3It_dEKDg==" rel="nofollow" target="_blank">https://www.johnsonfistel.com/investigations/firefly-aerospace/</a> or contact Johnson Fistel, PLLP at jimb@johnsonfistel.com or (619) 814-4471. Complaint Allegations A previously filed securities class action complaint alleges that: (1) Firefly Aerospace overstated the demand for and growth prospects of its Spacecraft Solutions business segment; (2) the Company misrepresented the operational readiness, commercial viability, and revenue potential of its Alpha rocket program; (3) as a result, Firefly’s projections and public statements regarding its revenue growth and financial sustainability lacked a reasonable basis; and (4) when the truth regarding these matters was revealed, the Company’s stock price declined. Flywire Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/FLYW">FLYW</a>) If you have held Flywire shares continuously since prior to February 28, 2024, you may have standing to seek corporate governance reforms at Flywire, including improvements to internal controls, transparency, and executive oversight. To learn more, visit: <a href="https://www.globenewswire.com/Tracker?data=FRWXT3K9xdatkg4imPeVVNrXvs9hYwRBpofnlDT-KOtz5Yi5ewGVbXqapj0Z7CitO9qG3FEqKRRuTK2_6iaTcAl6FeoWpXrk1Ptfx_-6iDXRo6DIkhjVEhlK7IOYithX9-gxk5Ks1p0Fb1PIzAI2IFR-oRd1RYKZ_hUOMcwBBfpn-P6HdmZsC-OeQPlVXNUSS1bNnNGbSNprVHMzpqSYYQ==" rel="nofollow" target="_blank">https://www.johnsonfistel.com/investigations/flywire-corporation/</a> or contact Johnson Fistel, PLLP at jimb@johnsonfistel.com or (619) 814-4471. Complaint Allegations A previously filed securities class action complaint alleges that: (1) Flywire overstated the strength and sustainability of its revenue growth and transaction volumes; (2) the Company failed to disclose the material adverse impact of student visa and permit restrictions in key geographic markets on its business operations; (3) as a result, Flywire’s financial performance and growth prospects were overstated; and (4) when the Company disclosed the true impact of these headwinds, Flywire’s stock price declined. Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/FTNT">FTNT</a>) If you have held Fortinet shares continuously since prior to November 8, 2024, you may have standing to seek corporate governance reforms at Fortinet, including improvements to internal controls, transparency, and executive oversight. To learn more, visit: <a href="https://www.globenewswire.com/Tracker?data=FRWXT3K9xdatkg4imPeVVNrXvs9hYwRBpofnlDT-KOtz5Yi5ewGVbXqapj0Z7CitH0dpgg4pVS0wog2yqPbGrBObgcMrn7cyNQ0rzFRKuvNHsQXDPvd8yDYs8sgP5MTuUiWDOA6tk5FMoJ2XLefImXe8-GWdTIngFMkSk5NAqSXWcK9hFOpn_cOTh9ton019" rel="nofollow" target="_blank">https://www.johnsonfistel.com/investigations/fortinet-inc/</a> or contact Johnson Fistel, PLLP at jimb@johnsonfistel.com or (619) 814-4471. Complaint Allegations A previously filed securities class action complaint alleges that: (1) Fortinet misrepresented the size, timing, and sustainability of a purported "record" FortiGate firewall refresh cycle; (2) the Company overstated the expected demand and revenue growth associated with that refresh cycle; (3) as a result, Fortinet’s statements regarding its sales pipeline, billings, and revenue outlook lacked a reasonable basis; and (4) when the true demand environment and purchasing trends became apparent, Fortinet’s stock price declined. Compass Diversified Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CODI">CODI</a>) If you have held Compass Diversified Holdings shares continuously since prior to May 1, 2024, you may have standing to seek corporate governance reforms at Compass Diversified Holdings, including improvements to internal controls, transparency, and executive oversight. To learn more, visit: <a href="https://www.globenewswire.com/Tracker?data=FRWXT3K9xdatkg4imPeVVNrXvs9hYwRBpofnlDT-KOtz5Yi5ewGVbXqapj0Z7CitmA9jpi725_VEBYHUNPMikOwiNKGCIjU4VILcZZloniRMpVjR_058b1xhYoe-iSwXKepuJwgdVNuTsyKQKpGIz57GpipHCSAa0pK6uQIaawkAEcW8V5-nB4zu56IK6bN0zXSw3lfjV4jn9ZZHvS--Cw==" rel="nofollow" target="_blank">https://www.johnsonfistel.com/investigations/compass-diversified/</a> or contact Johnson Fistel, PLLP at jimb@johnsonfistel.com or (619) 814-4471. Complaint Allegations A previously filed securities class action complaint alleges that: (1) Compass lacked effective internal controls over financial reporting; (2) Compass failed to disclose critical information regarding Lugano, including undisclosed financing arrangements and irregularities in sales, cost of sales, inventory, and accounts receivable; and (3) as a result, Defendants’ positive statements regarding the Company’s financial reporting, business, operations, and prospects were materially false and misleading. About Johnson Fistel, PLLP &#x7C; Top Law Firm, Securities Fraud, Investor Rights Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. The firm also represents foreign investors who have purchased securities on U.S. exchanges. Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content. Contact: Johnson Fistel, PLLP 501 W. Broadway, Suite 800 San Diego, CA 92101 James Baker &#x7C; (619) 814-4471 jimb@johnsonfistel.com <a href="https://www.globenewswire.com/Tracker?data=FRWXT3K9xdatkg4imPeVVNrXvs9hYwRBpofnlDT-KOtXy6kFTSX6FW5x989jnqPIv-IR-WY17tNTfcl-F-nf2MglFLzcs-cJL5JukDvt-jV_XFRO6JqJhMOuzgDoJLIU" rel="nofollow" target="_blank">https://www.johnsonfistel.com/</a> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTgwNjk5MCM3NzY3OTcwIzIxODE3ODk="></img> <img alt="" src="https://ml.globenewswire.com/media/N2ZiNmUwOGEtYWQxYS00YTVhLWEyNmItNjVkYWJkMmUyM2JkLTExOTMzNTgtMjAyNi0wOC0xMC1lbg==/tiny/Johnson-Fistel-PLLP.png" referrerpolicy="no-referrer-when-downgrade"></img><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/bb2e6cf6-9d53-4d2e-a5d2-759cdd3b516c"><img src="https://ml.globenewswire.com/media/bb2e6cf6-9d53-4d2e-a5d2-759cdd3b516c/small/johnson-fistel-jpg.jpg" border="0" width="150" height="150" alt="Primary Logo"></img></a>

Johnson Fistel disclosed investigations alleging fiduciary breaches at Firefly and other firms, potentially enabling long-term holders to seek governance reforms. Allegations include overstated demand for Firefly’s Spacecraft Solutions and misrepresentation of the Alpha rocket program, along with governance weaknesses at peer companies. For Firefly, the development signals governance risk but no definitive damages yet, likely keeping mood and volatility elevated near-term.

johnson-fistel-pllp-begins-investigation-on-behalf-of-long-term-shareholders-of-firefly-aerospace-inc-fly-flywire-corporation-flyw-fortinet-inc-ftnt-and-compass-diversified-holdings-codi

News insight

Johnson Fistel, PLLP Begins Investigation on Behalf of Long-Term Shareholders of Firefly Aerospace Inc. (FLY), Flywire Corporation (FLYW), Fortinet, Inc. (FTNT), and Compass Diversified Holdings (CODI)

AI summary

Sentiment rationale

Key facts

Legal