Join the Fly-E Group (FLYE) Securities Class Action Lawsuit Investigation

Shamis & Gentile P.A., one of the nation's premier class action law firms specializing in securities fraud cases, is investigating potential claims against Fly-E Group, Inc. (FLYE)

If you purchased or held Fly-E Group, Inc. securities between July 15, 2025 and August 14, 2025, you may be eligible to join this class action lawsuit and seek compensation for your losses.

About Fly-E Group, Inc.

Fly-E Group is a retail company that focuses on designing, manufacturing, and selling electric bicycles, scooters, mopeds, and motorcycles. As of 2025, Fly-E reported having 19 retail stores in the U.S. and one in Canada, along with an online store.

Despite its growth narrative, Fly-E has faced challenges related to product safety, regulatory scrutiny, and questions about the accuracy of its public statements.

The Allegations

The securities class action lawsuit centers on allegations that Fly-E Group and certain executives made materially false and misleading statements to investors regarding the safety of Fly-E’s lithium batteries, regulatory compliance, and product certifications.

Specifically, the complaint alleges Fly-E misrepresented or failed to disclose material facts about the safety of its lithium battery products and related regulatory risks, and later reported a revenue hit tied to lithium battery explosion incidents in New York and resulting store closures.

During the class period (July 15, 2025 to August 14, 2025) Fly-E’s stock may have been artificially inflated by these alleged misrepresentations.

The alleged truth began to emerge on August 14, 2025, when Fly-E filed a Form NT 10-Q revealing a 32% decrease in net revenues, primarily due to a drop in units sold following “recent lithium-battery accidents involving E-Bikes and E-Scooters.”

This disclosure, combined with recent reports exposing further details about safety violations and counterfeit certifications, caused Fly-E’s stock price to plummet by approximately 87% in a single day: from $7.76 on August 14 to $1 on August 15, 2025.

The complaint, filed on September 8, 2025 in the United States District Court for the Eastern District of New York, alleges violations of federal securities laws and seeks to recover damages for investors who suffered losses as a result of the stock price collapse.

Important Dates

• Class period: July 15, 2025 to August 14, 2025
• Lead plaintiff deadline: November 7, 2025
• Complaint filed: September 8, 2025

Your Rights and Next Steps

If you purchased or acquired Fly-E Group securities during the class period, you have important legal rights. You may be eligible to participate as a member of the class action lawsuit and seek compensation for your losses.

To be considered for appointment as a lead plaintiff (the representative party who acts on behalf of other class members) you must file your motion with the court no later than November 7, 2025. However, you do not need to be a lead plaintiff to share in any potential recovery.

All investors who purchased Fly-E securities during the class period and suffered losses may be eligible to participate.

Lawyers are ready to help guide you through the process, answer your questions, and assist in evaluating your eligibility. If you are unsure about your rights or whether your losses qualify, you are encouraged to take action as soon as possible.

You May Be Entitled to Compensation

If you invested in Fly-E Group between July 15, 2025 and August 14, 2025 and experienced financial losses following the stock’s sharp decline, you may be entitled to compensation through this class action lawsuit. Lawyers are ready to help you understand your options and pursue a claim.

To get started, complete the form below to join the lawsuit and protect your rights as an investor.