IMPORTANT NOTICE for TROX, QMCO, SVRA, and FLYE: The Law Offices of Frank R. Cruz Informs Investors About Class Action Lawsuits for Shareholders
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 27 2025
0mins
Should l Buy FLYE?
Source: Globenewswire
Class Action Lawsuits Announced: The Law Offices of Frank R. Cruz have filed class action lawsuits on behalf of shareholders from several companies, including Tronox Holdings PLC, Quantum Corporation, Savara Inc., and Fly-E Group, Inc., with deadlines for lead plaintiff motions approaching in November 2025.
Allegations Against Companies: Each lawsuit alleges that the respective companies made materially false or misleading statements regarding their business operations and prospects, failing to disclose significant adverse facts that affected their financial performance and investor decisions.
Investor Participation Encouraged: Shareholders who have suffered losses during the specified class periods are encouraged to contact the Law Offices of Frank R. Cruz to discuss their legal rights and potential participation in the class actions.
Contact Information Provided: Investors can reach out to the Law Offices of Frank R. Cruz via phone or email for more information about the class actions, and they are reminded that they do not need to take immediate action to be part of the lawsuits.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy FLYE?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on FLYE
About FLYE
Fly-E Group, Inc. is an electric vehicle (EV) company, which is engaged in designing, installing, selling, and renting smart electric motorcycles, electric bikes, electric scooters and related accessories under the brand Fly E-Bike. The Company has approximately 36 stores, including 35 retail stores in the United States and one retail store in Canada. The Company offers rental services from selected locations in New York and Los Angeles. It also sells its products through its online store at flyebike.com. The Company offers 25 E-motorcycle products, 28 E-bike products and 37 E-scooter products. It has a diversified product portfolio that is designed to satisfy the various demands of its customers and address different urban travel scenarios. The Company has produced approximately 3,842 E-motorcycles, 5,713 E-bikes and 1,480 E-scooters. It sources vehicle components from China and the United States and then assembles them into its vehicles in a facility located in Maspeth, New York.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
U.S. Stocks Rise in Morning Trading, Dow Jones Up Over 600 Points
- Strong Dow Performance: The Dow Jones index surged over 600 points on Friday, gaining 1.29% to close at 49,537.77, indicating a robust market rebound that may attract more investor interest.
- NASDAQ and S&P 500 Rise: The NASDAQ climbed 0.97% to 22,759.56, while the S&P 500 rose 1.02% to 6,867.68, reflecting a recovery trend in tech and other sectors, thereby boosting market confidence.
- Amazon's Earnings Impact Stock Price: Amazon.com Inc. (NASDAQ:AMZN) shares fell around 9% on Friday despite reporting fourth-quarter net sales of $213.39 billion, a 14% year-over-year increase; however, its earnings per share of $1.95 missed the consensus estimate of $1.97, leading to diminished investor confidence.
- Commodity Market Fluctuations: Oil prices dipped 0.3% to $63.08, while gold rose 1.6% to $4,969.10, indicating increased demand for safe-haven assets, and copper saw a slight increase of 0.4% to $5.8460, reflecting stable industrial demand.
See More
Alto Neuroscience and Others Under Investigation for Shareholder Claims
- Shareholder Lawsuit Investigation: Johnson Fistel, PLLP is investigating shareholder claims against Alto Neuroscience (NYSE: ANRO) and others, alleging breaches of fiduciary duty that could lead to corporate governance reforms and return of funds.
- False Statements Allegations: Alto Neuroscience is accused of making false statements regarding the efficacy of its lead drug ALTO-100, resulting in investor losses when the truth was revealed, negatively impacting the company's reputation and stock price.
- Anticompetitive Pricing Practices: Atkore Inc. (NYSE: ATKR) faces a securities class action lawsuit alleging executives failed to disclose anticompetitive pricing practices related to PVC pipe products, which may lead to legal risks and diminished shareholder trust.
- Safety Risks Concealment: Fly-E Group (NASDAQ: FLYE) is accused of downplaying safety risks associated with its lithium battery technology in electric mobility products, leading to a stock price decline and harming investor interests, affecting the company's future growth prospects.
See More
OceanFirst Financial Corp. Announces $579 Million All-Stock Acquisition of Flushing, Shares Drop 7.4%
- Acquisition Announcement: OceanFirst Financial Corp. has announced a $579 million all-stock acquisition of Flushing Financial, which aims to enhance market share, yet the stock price fell 7.4%, indicating a negative market reaction to the deal.
- Market Reaction: Following the acquisition news, OceanFirst's shares dropped to $18.15, reflecting investor uncertainty regarding integration risks and potential returns, which may impact the company's short-term capital flow.
- Strategic Implications: This acquisition represents OceanFirst's strategic move to expand its presence in the New Jersey market, potentially increasing its customer base and long-term profitability, although short-term stock volatility may undermine investor confidence.
- Investor Focus: As the acquisition progresses, the market will closely monitor how OceanFirst manages the integration process and its impact on financial performance, especially in the current economic climate where investors are cautious about the banking sector.
See More
Fly-E Group Reports 42.7% Revenue Plunge in Q2 Amid Nasdaq Delisting Risk
- Revenue Plunge: Fly-E Group's Q2 fiscal 2026 results revealed a staggering 42.7% year-over-year revenue decline, with net revenues dropping from $6.8 million to $3.9 million, indicating a severe collapse in demand that could further erode investor confidence.
- Price Drop: The average unit price of its electric vehicles fell by 61%, likely a strategic move by management to liquidate aging inventory, reflecting significant inventory pressure and intensifying market competition.
- Compliance Risks: The company's “going concern” status raises alarms, as it has a history of late financial filings and faces delisting risks from Nasdaq, which could lead to substantial losses for investors.
- Safety Concerns: Fly-E's batteries have been linked to fatal fires in New York City, and the company settled a $1 million lawsuit with UL Solutions for falsely claiming product safety certifications, exacerbating investor fears regarding its safety standards.
See More
Fonar Corp (FONR) Signs Definitive Agreement for Take-Private Sale, Shares Surge 24.5%
- Take-Private Agreement Signed: Fonar Corp announced the signing of a definitive agreement for a take-private sale, resulting in a 24.5% surge in pre-market shares to $18.25, indicating strong market confidence that could provide financial backing for future growth.
- Strong Market Reaction: The stock's robust performance in pre-market trading reflects optimistic investor sentiment regarding the privatization deal, potentially attracting more investor interest and enhancing the company's overall market capitalization.
- Significant Industry Impact: Fonar's privatization move may trigger similar actions among other medical device companies, prompting more firms in the sector to consider privatization to enhance operational efficiency and shareholder value.
- Future Strategic Direction: By going private, Fonar is expected to concentrate resources on its core business and optimize its operational model, thereby strengthening its market position and profitability in a highly competitive healthcare market.
See More
Fly-E Group Reports 91.3% Increase in Wholesale Revenue for Q2 FY2026
- Wholesale Revenue Surge: Fly-E Group's wholesale revenue reached $1.7 million in Q2 FY2026, reflecting a significant year-over-year increase of 91.3%, demonstrating the effectiveness of the company's strategic shift amidst a challenging retail environment and enhancing its market competitiveness.
- Rental Business Potential: The rental segment achieved a gross margin of 79.8%, indicating that despite an overall revenue decline, this high-margin business could become a key profitability driver, improving the company's financial health moving forward.
- Significant Reduction in Operating Expenses: Total operating expenses for Q2 were $2.0 million, a 51.0% decrease year-over-year, showcasing the company's effective cost optimization measures that further enhance operational efficiency.
- Increased Net Loss: The net loss for Q2 was $1.8 million, a 55.4% increase compared to the previous year, highlighting ongoing financial pressures from declining retail sales and market uncertainties despite growth in wholesale revenue.
See More
U.S. Stocks Rise in Morning Trading, Dow Jones Up Over 600 Points
- Strong Dow Performance: The Dow Jones index surged over 600 points on Friday, gaining 1.29% to close at 49,537.77, indicating a robust market rebound that may attract more investor interest.
- NASDAQ and S&P 500 Rise: The NASDAQ climbed 0.97% to 22,759.56, while the S&P 500 rose 1.02% to 6,867.68, reflecting a recovery trend in tech and other sectors, thereby boosting market confidence.
- Amazon's Earnings Impact Stock Price: Amazon.com Inc. (NASDAQ:AMZN) shares fell around 9% on Friday despite reporting fourth-quarter net sales of $213.39 billion, a 14% year-over-year increase; however, its earnings per share of $1.95 missed the consensus estimate of $1.97, leading to diminished investor confidence.
- Commodity Market Fluctuations: Oil prices dipped 0.3% to $63.08, while gold rose 1.6% to $4,969.10, indicating increased demand for safe-haven assets, and copper saw a slight increase of 0.4% to $5.8460, reflecting stable industrial demand.
See More
Alto Neuroscience and Others Under Investigation for Shareholder Claims
- Shareholder Lawsuit Investigation: Johnson Fistel, PLLP is investigating shareholder claims against Alto Neuroscience (NYSE: ANRO) and others, alleging breaches of fiduciary duty that could lead to corporate governance reforms and return of funds.
- False Statements Allegations: Alto Neuroscience is accused of making false statements regarding the efficacy of its lead drug ALTO-100, resulting in investor losses when the truth was revealed, negatively impacting the company's reputation and stock price.
- Anticompetitive Pricing Practices: Atkore Inc. (NYSE: ATKR) faces a securities class action lawsuit alleging executives failed to disclose anticompetitive pricing practices related to PVC pipe products, which may lead to legal risks and diminished shareholder trust.
- Safety Risks Concealment: Fly-E Group (NASDAQ: FLYE) is accused of downplaying safety risks associated with its lithium battery technology in electric mobility products, leading to a stock price decline and harming investor interests, affecting the company's future growth prospects.
See More
OceanFirst Financial Corp. Announces $579 Million All-Stock Acquisition of Flushing, Shares Drop 7.4%
- Acquisition Announcement: OceanFirst Financial Corp. has announced a $579 million all-stock acquisition of Flushing Financial, which aims to enhance market share, yet the stock price fell 7.4%, indicating a negative market reaction to the deal.
- Market Reaction: Following the acquisition news, OceanFirst's shares dropped to $18.15, reflecting investor uncertainty regarding integration risks and potential returns, which may impact the company's short-term capital flow.
- Strategic Implications: This acquisition represents OceanFirst's strategic move to expand its presence in the New Jersey market, potentially increasing its customer base and long-term profitability, although short-term stock volatility may undermine investor confidence.
- Investor Focus: As the acquisition progresses, the market will closely monitor how OceanFirst manages the integration process and its impact on financial performance, especially in the current economic climate where investors are cautious about the banking sector.
See More
Fly-E Group Reports 42.7% Revenue Plunge in Q2 Amid Nasdaq Delisting Risk
- Revenue Plunge: Fly-E Group's Q2 fiscal 2026 results revealed a staggering 42.7% year-over-year revenue decline, with net revenues dropping from $6.8 million to $3.9 million, indicating a severe collapse in demand that could further erode investor confidence.
- Price Drop: The average unit price of its electric vehicles fell by 61%, likely a strategic move by management to liquidate aging inventory, reflecting significant inventory pressure and intensifying market competition.
- Compliance Risks: The company's “going concern” status raises alarms, as it has a history of late financial filings and faces delisting risks from Nasdaq, which could lead to substantial losses for investors.
- Safety Concerns: Fly-E's batteries have been linked to fatal fires in New York City, and the company settled a $1 million lawsuit with UL Solutions for falsely claiming product safety certifications, exacerbating investor fears regarding its safety standards.
See More
Fonar Corp (FONR) Signs Definitive Agreement for Take-Private Sale, Shares Surge 24.5%
- Take-Private Agreement Signed: Fonar Corp announced the signing of a definitive agreement for a take-private sale, resulting in a 24.5% surge in pre-market shares to $18.25, indicating strong market confidence that could provide financial backing for future growth.
- Strong Market Reaction: The stock's robust performance in pre-market trading reflects optimistic investor sentiment regarding the privatization deal, potentially attracting more investor interest and enhancing the company's overall market capitalization.
- Significant Industry Impact: Fonar's privatization move may trigger similar actions among other medical device companies, prompting more firms in the sector to consider privatization to enhance operational efficiency and shareholder value.
- Future Strategic Direction: By going private, Fonar is expected to concentrate resources on its core business and optimize its operational model, thereby strengthening its market position and profitability in a highly competitive healthcare market.
See More
Fly-E Group Reports 91.3% Increase in Wholesale Revenue for Q2 FY2026
- Wholesale Revenue Surge: Fly-E Group's wholesale revenue reached $1.7 million in Q2 FY2026, reflecting a significant year-over-year increase of 91.3%, demonstrating the effectiveness of the company's strategic shift amidst a challenging retail environment and enhancing its market competitiveness.
- Rental Business Potential: The rental segment achieved a gross margin of 79.8%, indicating that despite an overall revenue decline, this high-margin business could become a key profitability driver, improving the company's financial health moving forward.
- Significant Reduction in Operating Expenses: Total operating expenses for Q2 were $2.0 million, a 51.0% decrease year-over-year, showcasing the company's effective cost optimization measures that further enhance operational efficiency.
- Increased Net Loss: The net loss for Q2 was $1.8 million, a 55.4% increase compared to the previous year, highlighting ongoing financial pressures from declining retail sales and market uncertainties despite growth in wholesale revenue.
See More
