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News  ›  GlobeNewswire Inc.

Deadline Alert: Fly-E Group, Inc. (FLYE) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Glancy Prongay & Murray Llp
Deadline Alert: Fly-E Group, Inc. (FLYE) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

Fly-E Group faces potential securities fraud lawsuit after disclosing significant revenue decline and lithium-battery related incidents, with stock price dropping 87.1% following negative financial disclosure.

Insights
GOOG   positive

Reported strong results with stock rising post-release


FLYE   negative

Company experienced 32% year-over-year net revenue decline, multiple lithium-battery accidents, retail store closures, and 87.1% stock price drop after revealing financial challenges