NEW YORK and NEW ORLEANS, July 29, 2025 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 23, 2025 to file lead plaintiff applications in a securities class action lawsuit against Flywire Corporation (“Flywire” or the “Company”) (NasdaqGS: FLYW), if they purchased the Company’s securities between February 28, 2024 and February 25, 2025, inclusive (the “Class Period”). This action is pending in the United States District Court for the Eastern District of New York.
What You May Do
If you purchased securities of Flywire and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-flyw/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by September 23, 2025.
About the Lawsuit
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.”
On this news, the price of Flywire’s shares fell $6.59 per share, or 37.36%, to close at $11.05 per share on February 26, 2025.
The case is Hickman v. Flywire Corporation, et al., No. 25-cv-04110.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg.
TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163
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