Fly‑E Investors Face Imminent Deadlines as Multiple Firms Pursue Securities Class Actions
The suits focus on alleged misstatements about lithium‑battery safety that investors say distorted sales projections.
Overview
- DJS Law Group set a November 7, 2025 lead‑plaintiff deadline, while Rosen Law Firm, Levi & Korsinsky, and The Gross Law Firm list November 10.
- The proposed class period spans July 15 through August 14, 2025, ending the day the company disclosed it could not timely file its Form 10‑Q.
- Complaints claim Fly‑E promoted its outlook and cost controls while concealing lithium‑battery safety problems that weakened E‑bike and E‑scooter demand.
- On August 14, Fly‑E reported a 32% decline in net revenue and linked it to recent battery accidents, after which the stock fell about 87% the next day.
- The actions assert violations of Exchange Act §§10(b) and 20(a) and Rule 10b‑5, and no class has been certified.