Johnson Fistel Announces Class Action Lawsuit Against Fly-E Group, Inc. (FLYE) on Behalf of Investors
Johnson Fistel has filed a class action lawsuit against Fly-E Group, Inc. (FLYE) for allegedly misleading investors.Summary
Johnson Fistel, PLLP announced a class action lawsuit against Fly-E Group, Inc. (NASDAQ: FLYE) on behalf of investors who purchased the company’s securities between July 15, 2025, and August 14, 2025. The lawsuit alleges that Fly-E and its officers made false and misleading statements, failing to disclose safety issues with their lithium battery technology and the impact on revenue from their electric vehicle business. The complaint further claims that the company’s forecasts lacked a reasonable basis, failing to account for rising costs and supply chain issues. Following these disclosures, the company’s stock price declined. Investors who suffered losses during the class period have until November 7, 2025, to seek appointment as lead plaintiff. Johnson Fistel, PLLP is a shareholder rights law firm that recovered approximately $90.7 million for clients in 2024.
(Source：GuruFocus)