Securities law infringements pursued against Fly-E Group, Inc.; investors urged to consult The Gross Law Firm regarding legal options, with deadline set for November 7, 2025, concerning FLYE stock.
News Article: Gross Law Firm Issues Notice to Shareholders of Fly-E Group, Inc.
The Gross Law Firm, a nationally recognized class action law firm, has issued a notice to shareholders of Fly-E Group, Inc. (NASDAQ: FLYE). The notice is related to possible legal action regarding the shares of Fly-E Group, Inc. that were purchased during a specific class period.
According to the notice, the class period is from July 15, 2025, to August 14, 2025. The deadline for shareholders to register for this class action is November 7, 2025. The deadline to seek to be a lead plaintiff is also November 7, 2025.
The notice comes after it was alleged that the defendants made false statements and concealed that their projected revenue outlook and anticipated sales for Fly-E Group, Inc. were not as optimistic as portrayed. It was further claimed that Fly-E's actual revenue goals and demand for EV products and services were lower than portrayed by the defendants.
The defendants are said to have praised Fly-E's brand reputation, cost reductions, and favorable pricing from suppliers as key components for Fly-E's ability to grow its sales network. However, they minimized risks associated with Fly-E's lithium battery, supply chain changes, and the regulatory environment, and possible demand fluctuations for its E-Bikes and E-Scooters.
Shareholders who purchased shares of FLYE during the specified timeframe will be enrolled in a portfolio monitoring software if they register. Appointment as lead plaintiff is not required to partake in any recovery.
The contact information for The Gross Law Firm is available online at https://securitiesclasslaw.com/securities/fly-e-group-inc-loss-submission-form/?id=167845&from=3. The firm's office is located at 15 West 38th Street, 12th floor, New York, NY, 10018. The email address is [email protected], and the phone number is (646) 453-8903.
Shareholders are encouraged to contact the firm regarding possible lead plaintiff appointment. It is important to note that the notice is not obligatory for shareholders to participate in any recovery.
The Gross Law Firm is committed to protecting the rights of investors who have suffered as a result of deceit, fraud, and illegal business practices. If you believe you may have a claim, it is recommended that you seek legal advice promptly.
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