Investor Lawsuits Target Fly‑E Over Battery‑Safety Disclosures as Lead‑Plaintiff Deadlines Near
Plaintiffs focus on a July 15–August 14 class period triggered by an NT 10‑Q that disclosed a 32% revenue decline tied to lithium‑battery accidents.
Overview
- The Law Offices of Frank R. Cruz invited investors to seek lead‑plaintiff status, listing November 7, 2025 as the filing deadline.
- The Gross Law Firm and Levi & Korsinsky announced actions covering July 15 to August 14, 2025 and cited November 10, 2025 as the deadline to seek lead‑plaintiff appointment.
- The complaints allege Fly‑E promoted brand strength, cost reductions and supplier pricing while downplaying lithium‑battery, supply‑chain, regulatory and demand risks.
- On August 14, 2025, Fly‑E filed an NT 10‑Q stating it could not timely file its quarterly report and reporting a 32% drop in net revenue attributed to recent lithium‑battery accidents involving E‑bikes and E‑scooters.
- Law‑firm notices report the stock fell from $7.76 on August 14 to $1.00 on August 15, and the filings emphasize that the allegations remain unproven at this stage.