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News  ›  GlobeNewswire Inc.

The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Fly-E Group, Inc.(FLYE) Shareholders

GlobeNewswire Inc. Logo GlobeNewswire Inc. By The Gross Law Firm
The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Fly-E Group, Inc.(FLYE) Shareholders

The Gross Law Firm announced a securities class action lawsuit against Fly-E Group for allegedly making false statements about lithium battery safety and E-vehicle sales, resulting in a dramatic 87% stock price decline.

Insights
FLYE   negative

Stock price dropped 87% after revealing decreased revenues, battery safety concerns, and inability to file quarterly financial report, indicating significant corporate and operational challenges