{"id":904567,"date":"2025-11-03T17:40:03","date_gmt":"2025-11-03T22:40:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fly-e-group-inc-sued-for-securities-law-violations-contact-levi-korsinsky-before-november-10-2025-to-discuss-your-rights-flye-2\/"},"modified":"2025-11-03T17:40:03","modified_gmt":"2025-11-03T22:40:03","slug":"fly-e-group-inc-sued-for-securities-law-violations-contact-levi-korsinsky-before-november-10-2025-to-discuss-your-rights-flye-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fly-e-group-inc-sued-for-securities-law-violations-contact-levi-korsinsky-before-november-10-2025-to-discuss-your-rights-flye-2\/","title":{"rendered":"Fly-E Group, Inc. Sued for Securities Law Violations &#8211; Contact Levi &amp; Korsinsky Before November 10, 2025 to Discuss Your Rights \u2013 FLYE"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, Nov.  03, 2025  (GLOBE NEWSWIRE) &#8212; Levi &amp; Korsinsky, LLP notifies investors in\u00a0<strong>Fly-E Group, Inc.<\/strong> (&#8220;Fly-E&#8221; or the &#8220;Company&#8221;) (NASDAQ: FLYE) of a class action securities lawsuit.<\/p>\n<p>\n        <strong>CLASS DEFINITION: <\/strong>The lawsuit seeks to recover losses on behalf of Fly-E investors who were adversely affected by alleged securities fraud between July 15, 2025 and August 14, 2025. Follow the link below to get more information and be contacted by a member of our team:<\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5VLj_v_QjBzXD12vBJ94wFtGItme1O_l8z_wWkqtO5FA4CF4NAjS5IuuROmwOvR5zKW8sdhNyRAug6rZmIf63RV4zEUe8bCciLEnQduWPeRxkrCPDErLPTIYSImpvWo4jEVyXsga1LJmgp36Vx_kY4rrPa_oz8fCEdrOZPgPTUrUignQEV6qGIVlndo05ytUMVD03p9-XqVHpCW64SCjcIahDwNVxUFcm_QvD0Fd7Ak9ZxcB94VSGGGffr0NE1zXN4P62Y9FvCy1bj4P6don7w==\" rel=\"nofollow\" target=\"_blank\">https:\/\/zlk.com\/pslra-1\/fly-e-group-inc-lawsuit-submission-form?prid=174912&amp;wire=3<\/a>\n      <\/p>\n<p>\n        <strong>FLYE<\/strong> investors may also contact Joseph E. Levi, Esq. via email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ygEHLEWCkQ4pup8MpnEaWbWHk6LBWMXWjKWH1r0F55VEOmK8BfH3v3cksO2grLh7m0G3JQclRiO5k2FMWrgN2DpDxXv8SKdXtADjDK6qooc=\" rel=\"nofollow\" target=\"_blank\">jlevi@levikorsinsky.com<\/a>\u00a0or by telephone at (212) 363-7500.<\/p>\n<p>\n        <strong>CASE DETAILS: <\/strong>According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and\/or concealing material adverse facts concerning the safety of Fly-E\u2019s lithium battery which in turn took a material toll on its E-vehicle sales revenue, despite making lofty long-term projections, Fly-E\u2019s forecasting processes fell short as sales continued to decline and operating expenses increased, ultimately, derailing the Company\u2019s revenue projections. On August 14, 2025, the truth emerged when Fly-E filed a form NT 10-Q: Notification of inability to timely file Form 10-Q for the first quarter of fiscal year 2026 revealing a substantial decrease of 32% in net revenues \u201cprimarily driven by a decrease in total units sold.\u201d In pertinent part, the Company attributed the decline to \u201crecent lithium-battery accidents involving E-Bikes and E-Scooters.\u201d Following this news, the price of Fly E\u2019s common stock declined dramatically. From a closing market price of $7.76 per share on August 14, 2025, Fly-E\u2019s stock price fell to $1.00 per share on August 15, 2025, a decline of about 87% in the span of just a single day.<\/p>\n<p>\n        <strong>WHAT&#8217;S NEXT? <\/strong>If you suffered a loss in Fly-E during the relevant time frame, you have until <strong>November 10, 2025<\/strong>\u00a0to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn&#8217;t require that you serve as a lead plaintiff.<\/p>\n<p>\n        <strong>NO COST TO YOU: <\/strong>If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. <strong>There is no cost or obligation to participate.<\/strong><\/p>\n<p>\n        <strong>WHY LEVI &amp; KORSINSKY: <\/strong>Over the past 20 years, the team at Levi &amp; Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi &amp; Korsinsky has ranked in ISS Securities Class Action Services\u2019 Top 50 Report as one of the top securities litigation firms in the United States.<\/p>\n<p>\n        <strong>CONTACT:<\/strong><br \/>\n        <br \/>Levi &amp; Korsinsky, LLP <br \/>Joseph E. Levi, Esq.<br \/>Ed Korsinsky, Esq.<br \/>33 Whitehall Street, 17th Floor<br \/>New York, NY 10004<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ygEHLEWCkQ4pup8MpnEaWbWHk6LBWMXWjKWH1r0F55UfqDtjOdf3XlC3-0fnwmR3fFMdWsVFr8Ly7JW1DliQak5DfBSmtKMWX4lu_183o2Y=\" rel=\"nofollow\" target=\"_blank\">jlevi@levikorsinsky.com<\/a>\u00a0<br \/>Tel: (212) 363-7500<br \/>Fax: (212) 363-7171<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=JDVmNQPrJMHh3pieJoe-InUJjNLCoT4OnuflLLkVR7Oat8NUUehAsRY0Hp0751ry-FVRtpS2Yey1yM1wYXfNdA==\" rel=\"nofollow\" target=\"_blank\">www.zlk.com<\/a>\u00a0<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTU2NjUzOCM3MjM3NzMzIzIwMjA0MjY=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YzU5ODNjNjMtY2VmYS00MzNhLTk0MGYtNzFmZWNjYjJjZTdhLTEwMzIyOTMtMjAyNS0xMS0wMy1lbg==\/tiny\/Levi-Korsinsky-LLP.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Nov. 03, 2025 (GLOBE NEWSWIRE) &#8212; Levi &amp; Korsinsky, LLP notifies investors in\u00a0Fly-E Group, Inc. (&#8220;Fly-E&#8221; or the &#8220;Company&#8221;) (NASDAQ: FLYE) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Fly-E investors who were adversely affected by alleged securities fraud between July 15, 2025 and August 14, 2025. Follow the link below to get more information and be contacted by a member of our team: https:\/\/zlk.com\/pslra-1\/fly-e-group-inc-lawsuit-submission-form?prid=174912&amp;wire=3 FLYE investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and\/or concealing &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fly-e-group-inc-sued-for-securities-law-violations-contact-levi-korsinsky-before-november-10-2025-to-discuss-your-rights-flye-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Fly-E Group, Inc. Sued for Securities Law Violations &#8211; Contact Levi &amp; Korsinsky Before November 10, 2025 to Discuss Your Rights \u2013 FLYE&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-904567","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fly-E Group, Inc. Sued for Securities Law Violations - Contact Levi &amp; Korsinsky Before November 10, 2025 to Discuss Your Rights \u2013 FLYE - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fly-e-group-inc-sued-for-securities-law-violations-contact-levi-korsinsky-before-november-10-2025-to-discuss-your-rights-flye-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fly-E Group, Inc. Sued for Securities Law Violations - Contact Levi &amp; Korsinsky Before November 10, 2025 to Discuss Your Rights \u2013 FLYE - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Nov. 03, 2025 (GLOBE NEWSWIRE) &#8212; Levi &amp; Korsinsky, LLP notifies investors in\u00a0Fly-E Group, Inc. (&#8220;Fly-E&#8221; or the &#8220;Company&#8221;) (NASDAQ: FLYE) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Fly-E investors who were adversely affected by alleged securities fraud between July 15, 2025 and August 14, 2025. Follow the link below to get more information and be contacted by a member of our team: https:\/\/zlk.com\/pslra-1\/fly-e-group-inc-lawsuit-submission-form?prid=174912&amp;wire=3 FLYE investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and\/or concealing &hellip; Continue reading &quot;Fly-E Group, Inc. 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Sued for Securities Law Violations - Contact Levi &amp; Korsinsky Before November 10, 2025 to Discuss Your Rights \u2013 FLYE - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/fly-e-group-inc-sued-for-securities-law-violations-contact-levi-korsinsky-before-november-10-2025-to-discuss-your-rights-flye-2\/","og_locale":"en_US","og_type":"article","og_title":"Fly-E Group, Inc. Sued for Securities Law Violations - Contact Levi &amp; Korsinsky Before November 10, 2025 to Discuss Your Rights \u2013 FLYE - Market Newsdesk","og_description":"NEW YORK, Nov. 03, 2025 (GLOBE NEWSWIRE) &#8212; Levi &amp; Korsinsky, LLP notifies investors in\u00a0Fly-E Group, Inc. (&#8220;Fly-E&#8221; or the &#8220;Company&#8221;) (NASDAQ: FLYE) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Fly-E investors who were adversely affected by alleged securities fraud between July 15, 2025 and August 14, 2025. Follow the link below to get more information and be contacted by a member of our team: https:\/\/zlk.com\/pslra-1\/fly-e-group-inc-lawsuit-submission-form?prid=174912&amp;wire=3 FLYE investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and\/or concealing &hellip; Continue reading \"Fly-E Group, Inc. Sued for Securities Law Violations &#8211; Contact Levi &amp; Korsinsky Before November 10, 2025 to Discuss Your Rights \u2013 FLYE\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/fly-e-group-inc-sued-for-securities-law-violations-contact-levi-korsinsky-before-november-10-2025-to-discuss-your-rights-flye-2\/","og_site_name":"Market Newsdesk","article_published_time":"2025-11-03T22:40:03+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTU2NjUzOCM3MjM3NzMzIzIwMjA0MjY=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fly-e-group-inc-sued-for-securities-law-violations-contact-levi-korsinsky-before-november-10-2025-to-discuss-your-rights-flye-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fly-e-group-inc-sued-for-securities-law-violations-contact-levi-korsinsky-before-november-10-2025-to-discuss-your-rights-flye-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Fly-E Group, Inc. 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