Fly-E Group, Inc., a prominent player in the electric vehicle market, finds itself in hot water as a class action lawsuit has been filed against the company. Shareholders are seeking to recover losses incurred due to alleged securities fraud that took place between July 15, 2025, and August 14, 2025. The lawsuit claims that Fly-E misled investors with overly optimistic revenue forecasts and sales projections that did not align with reality.
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The complaint alleges that the company painted a rosy picture of its revenue outlook and market demand for its electric bikes and scooters, while downplaying significant risks. These risks included issues with lithium battery supply, changes in the supply chain, regulatory challenges, and potential demand fluctuations. Despite these challenges, Fly-E continued to boast about its brand reputation, cost reductions, and favorable supplier pricing as key drivers of its sales growth.
For those who have suffered financial losses from Fly-E stock during the specified period, there is an opportunity to seek recovery. Affected investors are encouraged to visit the link provided to learn more about their rights and how to participate in the lawsuit. Importantly, there is no cost or obligation to join the action.
The legal proceedings are being spearheaded by Levi & Korsinsky LLP, a renowned securities litigation firm with a strong track record of securing substantial recoveries for shareholders. With over 20 years of experience and a team of more than 70 employees, the firm has consistently ranked among the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171