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Securities Fraud Investigation Into Fly-E Group, Inc. (FLYE) Announced – Investors Who Lost Money Urged to Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm

1. Fly-E failed to file Form 10-Q on time, revealing a revenue decline. 2. Revenues dropped 32% year-over-year due to decreased sales from lithium-battery incidents. 3. Stock price plummeted by 87.1% following the announcement, closing at $1.00. 4. Ongoing retail store closures are expected to negatively impact future revenues. 5. An investigation has started regarding potential violations of federal securities laws.

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FAQ

Why Very Bearish?

The significant revenue decline, coupled with a stock price drop of 87.1%, strongly indicates potential investor distrust and future challenges. Historical precedents show that companies with severe revenue issues often struggle to regain investor confidence, resulting in sustained stock price pressures.

How important is it?

The investigation into Fly-E for potential securities law violations suggests regulatory scrutiny, which can deter investor interest significantly, affecting stock performance gravely. The potential for litigation adds a layer of risk that investors may heavily weigh.

Why Short Term?

Immediate impacts on stock price are likely due to investor panic and ongoing investigations. Historically, such investigations, especially with notable price declines, can cause volatility in the short term before stability is restored.

Related Companies

Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Fly-E Group, Inc. ("Fly-E" or the "Company") (NASDAQ: FLYE) investors concerning the Company's possible violations of the federal securities laws.

IF YOU ARE AN INVESTOR WHO LOST MONEY ON FLY-E (FLYE), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.

What Happened?

On August 14, 2025, Fly-E filed a Notification of inability to timely file Form 10-Q for the first quarter of fiscal year 2026, revealing a 32% year-over-year decline in net revenues, primarily driven by decreased unit sales following multiple lithium-battery accidents involving its E-Bikes and E-Scooters. The Company further warned that these incidents, along with retail store closures, would continue to weigh on future revenue.

On this news, Fly-E's stock price fell $6.76, or 87.1%, to close at $1.00 per share on August 15, 2025, thereby injuring investors.

Contact Us to Participate or Learn More:

If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.

Charles Linehan, Esq.

Glancy Prongay & Murray LLP

1925 Century Park East, Suite 2100

Los Angeles California 90067

Email: shareholders@glancylaw.com

Telephone: 310-201-9150 (Toll-Free: 888-773-9224)

Visit our website at www.glancylaw.com.

Follow us for updates on LinkedIn, Twitter, or Facebook.

Whistleblower Notice

Persons with non-public information regarding Fly-E should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email shareholders@glancylaw.com.

About Glancy Prongay & Murray LLP

Glancy Prongay & Murray LLP ("GPM") is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. GPM has been consistently ranked in the Top 50 Securities Class Action Settlements by ISS Securities Class Action Services. In 2018, GPM was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements.

With four offices across the country, GPM's nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPM's lawyers have handled cases covering a wide spectrum of corporate misconduct and relating to nearly all industries and sectors. GPM's past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron's, Investor's Business Daily, Forbes, and Money.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Prongay & Murray LLP

1925 Century Park East, Suite 2100

Los Angeles, CA 90067

Charles Linehan

Email: shareholders@glancylaw.com

Telephone: 310-201-9150

Toll-Free: 888-773-9224

Visit our website at: www.glancylaw.com.

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