Flywire Corporation sued for securities fraud by Bleichmar Fonti & Auld LLP.

Bleichmar Fonti & Auld LLP has filed a lawsuit against Flywire Corporation and senior executives for potential violations of federal securities laws. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 for investors who purchased Flywire securities. Investors have until September 23, 2025, to ask the Court to be appointed as lead plaintiff. Flywire operates as a payments-enablement and software company, with its largest client vertical being education.

NEW YORK, Aug. 15, 2025 — Leading securities law firm Bleichmar Fonti & Auld LLP has filed a lawsuit against Flywire Corporation (NASDAQ: FLYW) and certain of its senior executives for potential violations of federal securities laws. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Flywire securities. Investors have until September 23, 2025, to ask the Court to be appointed to lead the case [1].

Flywire operates as a payments-enablement and software company, with its largest client vertical being education. The lawsuit alleges that Flywire overstated the strength and sustainability of its revenue growth while understating the negative impacts of permit- and visa-related restrictions on its business. These restrictions, imposed by the Canadian and Australian governments in late 2023 and early 2024, significantly affected Flywire's business, particularly in its education sector [2].

On February 25, 2025, Flywire announced that its business in the education sector had deteriorated due to worsening permit- and visa-related headwinds. The company reported double-digit declines in student visa issuance in its major geographic markets and anticipated continued visa policy restrictions in 2025. This revelation led to a significant decline in Flywire's stock price, dropping from $17.64 per share on February 25, 2025, to $11.05 per share on February 26, 2025 [3].

Investors who purchased Flywire securities are encouraged to submit their information to Bleichmar Fonti & Auld LLP for potential legal representation. The firm operates on a contingency fee basis, with no cost to investors. Shareholders are not responsible for any court costs or expenses of litigation, and the firm will seek court approval for any potential fees and expenses [1].

For more information, investors can visit [1] https://www.bfalaw.com/cases/flywire-corporation-class-action-lawsuit.

References:
[1] https://www.globenewswire.com/news-release/2025/08/15/3134207/0/en/FLYW-FRAUD-REMINDER-Flywire-Corporation-Stock-Drop-Triggers-Securities-Fraud-Class-Action-Contact-BFA-Law-before-Imminent-September-23-Deadline-NASDAQ-FLYW.html
[2] https://www.globenewswire.com/news-release/2025/08/21/3137113/0/en/FLYW-DEADLINE-NOTICE-Flywire-Corporation-Investors-are-Notified-of-the-September-23-Class-Action-Deadline-Contact-BFA-Law-if-You-Suffered-Losses-NASDAQ-FLYW.html
[3] https://www.ainvest.com/news/flywire-corporation-faces-class-action-lawsuit-securities-violations-2508/