Globe Newswire 28-Oct-2025 11:40 AM

NEW YORK, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed against Fly-E Group, Inc.(NASDAQ:FLYE) ("Fly-E" or the "Company").

PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATION

        Fly-E Group, Inc. (NASDAQ:FLYE) Case Summary

• Court: United States District Court for the Eastern District of New York
• Class Period: July 15, 2025 – August 14, 2025, inclusive
• Lead Plaintiff Deadline: November 7, 2025
• Allegations:
  • Defendants misled investors by overstating revenue outlook and demand for EV products.
  • Downplayed risks tied to lithium battery safety issues, supply chain changes and regulatory challenges.

Corrective Disclosure:

• On August 14, 2025, Fly-E filed an NT 10-Q revealing a 32% revenue drop year-over-year, driven by fewer E-Bike sales amid rising lithium battery explosion incidents in New York.
• Stock price plunged 87% in one day, closing at $1.00, down $6.76 per share.

• Next Steps for Investors: Shareholders who suffered losses can seek appointment as lead plaintiff prior to November 7, 2025 by contacting Wolf Haldenstein.
  
  

Why Wolf Haldenstein Adler Freeman & Herz LLP?:

This illustrious firm, founded in 1888, is steadfast in their pursuit of justice for investors who have suffered financial harm due to these misrepresented statements. The law firm brings to the fore over 125 years of legal expertise in securities litigation and has a proven track record of protecting the rights of investors.

We encourage all investors who have been affected or have information that will assist in our investigation, to contact Wolf Haldenstein Adler Freeman & Herz LLP.

Contact:

• Phone: (800) 575-0735 or (212) 545-4774
• Email: classmember@whafh.com
• Contact Person: Gregory Stone, Director of Case and Financial Analysis
  
  

Firm Website: Wolf Haldenstein Adler Freeman & Herz LLP

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