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Introduction to the Flywire Class Action Lawsuit
The Flywire class action lawsuit seeks to represent purchasers or acquirers of Flywire Corporation (NASDAQ: FLYW) securities between February 28, 2024, and February 25, 2025, inclusive (the “Class Period”). Captioned Hickman v. Flywire Corporation, No. 25-cv-04110 (E.D.N.Y.), the Flywire class action lawsuit charges Flywire and certain of Flywire’s top current and former executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Flywire class action lawsuit, or have general questions about your rights as a shareholder, please contact attorney Timothy L. Miles of the Law Offices of Timothy L. Miles, at no cost, by calling 855/846-6529 or via e-mail at tmiles@timmileslaw.com.
Lead plaintiff motions for the Flywire class action lawsuit must be filed with the court no later than September 23, 2025.
Allegations in the Flywire Class Action Lawsuit
Flywire, together with its subsidiaries, operates as a payment’s enablement and software company.
The Flywire class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:
- The strength and sustainability of Flywire’s revenue growth was overstated; and
- The negative impact that permits and visa-related restrictions were having and were likely to have on Flywire’s business was understated.
The Flywire class action lawsuit further alleges that on February 25, 2025, Flywire announced its fourth quarter and fiscal year 2024 financial results, reporting a loss per share of $0.12, missing consensus estimates by $0.12, and revenue of $117.6 million, missing consensus estimates by $1.25 million. The complaint alleges that during the conference call with investors and analysts held the same day, Flywire’s CFO, defendant Cosmin Pitigoi, disclosed that defendants “expect revenue in both [Canadian and Australian] markets to be down over 30% year over year” because of “recent policy changes” and “new visa rules [that] are starting to affect demand,” while also citing headwinds in Flywire’s U.S. market on similarly shifting visa trends.
On this news, the price of Flywire stock fell more than 37%, according to the complaint.
The Lead Plaintiff Process in the Flywire Class Action Lawsuit
Under the Private Securities Litigation Reform Act of 1995 (PSLRA):
- Any investor who purchased and suffered losses in Flywire stock may seek appointment as lead plaintiff in the Flywire class action lawsuit.
- A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.
- A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit.
- The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit.
- An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff.
The Lead Plaintiff Deadline in the Flywire Class Action Lawsuit
Lead plaintiff motions for the Flywire class action lawsuit must be filed with the court no later than September 23, 2025. When a securities class action is filed:
- The person who files the first complaint is required to publish a notice announcing the filing.
- Anyone who wants to be the lead plaintiff on behalf of the class must thereafter file a motion to be appointed as lead plaintiff(s) no later than 60 days after the notice was published.
The Eligibility Criteria for Lead Plaintiff Appointment in the Flywire Class Action Lawsuit
To be eligible for appointment as the lead plaintiff in the Flywire Class Action Lawsuit, an investor must meet the following criteria:
- Securities Acquisition: The investor must have purchased or acquired Flywire Corporation (NASDAQ: FLYW) securities between February 28, 2024 and February 25, 2025.
- Financial Losses: The investor must have suffered financial losses as a direct result of the alleged securities fraud perpetrated by Flywire and its executives.
- Typicality and Adequacy: The investor’s legal claims must be typical of those asserted on behalf of the class, and they must demonstrate their ability to adequately represent the interests of the entire class through experience, resources, and the absence of conflicts of interest.
Options for Investors
Investors facing losses due to the Flywire class action lawsuit have several options available to them. Each option carries its own implications and potential outcomes.
Joining the Class Action
One of the most straightforward options for investors is to join the Flywire class action lawsuit. By doing so, they can collectively pursue compensation for their losses without the need for individual litigation.
Filing an Individual Claim
In certain situations, investors may opt to file individual claims instead of joining the Flywire lawsuit. This option may be appropriate for those who believe their losses are significant enough to warrant separate legal action.
Seeking Legal Advice
Consulting with a legal professional experienced in securities law can provide investors with insights into their best course of action. Legal experts can help assess the merits of individual claims versus joining the class action.
The Role of Law Firms
Law firms play a crucial role in the Flywire class action lawsuit. They provide the necessary legal experience and representation for investors seeking to recover their losses.
Selecting a Law Firm
Investors have the option to choose a law firm that practices securities fraud cases. A reputable firm can offer valuable insights and increase the likelihood of a favorable outcome. If you suffered substantial losses and wish to serve as lead plaintiff of the Flywire class action lawsuit, or just have general questions about your rights as a shareholder, please contact attorney Timothy L. Miles of the Law Offices of Timothy L. Miles, at no cost, by calling 855/846-6529 or via e-mail at tmiles@timmileslaw.com.
Contact Timothy L. Miles Today About a Flywire Class Action Lawsuit
If you suffered substantial losses and wish to serve as lead plaintiff of the Flywire class action lawsuit, or just have general questions about your rights as a shareholder, please contact attorney Timothy L. Miles of the Law Offices of Timothy L. Miles, at no cost, by calling 855/846-6529 or via e-mail at tmiles@timmileslaw.com. (24/7/365).
Timothy L. Miles, Esq.
Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
300 Centerview Dr. #247
Mailbox #1091
Brentwood,TN 37027
Phone: (855) Tim-MLaw (855-846-6529)
Email: tmiles@timmileslaw.com
Website: www.classactionlawyertn.com
Ryan Myers is a business blog author and writer. He graduated from the University of California, Berkeley in 2009 with a degree in Political Science. His favorite topics to write about are blogging for small businesses and becoming an entrepreneur.
