Kuznicki Law PLLC notifies investors that a class action has commenced in the United States District Court for the Eastern District of New York on behalf of shareholders of Flywire Corporation who purchased shares between February 28, 2024 and February 25, 2025.
Flywire and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On February 25, 2025, the Company announced its Q4 and FY 2024 financial results, disclosing a loss per share of $0.12 for Q4 2024, missing consensus estimates by $0.12, and revenue of $117.6 million, missing consensus estimates by $1.25 million, which it attributed to “a complex macro environment with significant headwinds,” and that the Company would “undertake an operational and business portfolio review” and certain “efficiency measures” including “a restructuring, which impacts approximately 10% of our workforce.”
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until September 23, 2025 to request that the court appoint them lead plaintiff.