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Securities law

Fly-E Group, Inc. Shareholders Encouraged to Contact The Gross Law Firm Regarding Class Action

Strategic Insights

— 1 min read

The Gross Law Firm has issued a notice to shareholders of Fly-E Group, Inc. (NASDAQ: FLYE) regarding a potential class action lawsuit. The law firm is seeking a lead plaintiff to represent investors who purchased shares of FLYE during the period from July 15, 2025 to August 14, 2025. The notice alleges that Fly-E made false and misleading statements about the safety of its lithium batteries, which led to a decline in sales revenue and operating expenses. On August 14, 2025, Fly-E filed a form NT 10-Q revealing a 32% decrease in net revenues due to lithium-battery accidents. As a result, Fly-E's stock price plummeted by 87% in a single day.

Key Takeaways:

  • The Gross Law Firm is seeking a lead plaintiff to represent investors who purchased shares of FLYE during the class period from July 15, 2025 to August 14, 2025.
  • The law firm alleges that Fly-E made false and misleading statements about the safety of its lithium batteries, leading to a decline in sales revenue and operating expenses.
  • On August 14, 2025, Fly-E filed a form NT 10-Q revealing a 32% decrease in net revenues due to lithium-battery accidents.
  • The price of Fly-E's stock declined dramatically by 87% in a single day from $7.76 to $1.00 per share.
  • The deadline to seek to be a lead plaintiff is November 10, 2025.
  • The Gross Law Firm is a nationally recognized class action law firm committed to protecting the rights of investors who have suffered as a result of deceit, fraud, and illegal business practices.
  • Shareholders who incurred losses are encouraged to contact The Gross Law Firm within the deadline to participate in the case.

Statistics:

  • Number of days the stock price fell: 1
  • Percentage decline in stock price: 87%
  • Closing market price on August 14, 2025: $7.76 per share
  • Closing market price on August 15, 2025: $1.00 per share
  • Net revenue decrease: 32%

Sources:

  • The Gross Law Firm
  • Gross Law Firm
  • Fly-E Group, Inc.
  • NASDAQ: FLYE
  • Form NT 10-Q
  • Source: Gross Law Firm

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