Fly-E Group, Inc. (NASDAQ: FLYE)

This lawsuit is for anyone who acquired securities in Fly-E Group, Inc. (NASDAQ: FLYE) from July 15, 2025 through August 14, 2025.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by touting the Company’s safety record while concealing that the Company’s lithium batteries had been linked to a series of accidents, and that the accidents were already starting to affect sales.

On August 14, 2025, Fly-E filed a Notification of inability to timely file Form 10-Q for the first quarter of fiscal year 2026, revealing a 32% year-over-year decline in net revenues, primarily driven by decreased unit sales following multiple lithium-battery accidents involving its E-Bikes and E-Scooters. The Company further warned that these incidents, along with retail store closures, would continue to weigh on future revenue. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Fly-E Group, Inc. (NASDAQ: FLYE) from July 15, 2025 through August 14, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.