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

Bleichmar Fonti & Auld LLP has filed a lawsuit against Flywire Corporation and 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. Investors who purchased Flywire securities have until September 23, 2025, to ask the Court to be appointed to lead the case.

NEW YORK, Aug. 11, 2025 — Leading securities law firm Bleichmar Fonti & Auld LLP (BFA) has filed a lawsuit against Flywire Corporation (NASDAQ: FLYW) and certain of its senior executives for potential violations of federal securities laws. The complaint, filed in the U.S. District Court for the Eastern District of New York, asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [1].

Why Was Flywire Sued for Securities Fraud?

Flywire operates as a payments-enablement and software company, with its largest client vertical being education. The company's revenues heavily rely on international enrollments and student school preferences. In late 2023 and early 2024, the Canadian and Australian governments began to tighten student visa and permitting rules. Despite these headwinds, Flywire consistently touted the sustainability of its revenue growth and financial condition while downplaying the negative impacts of permit- and visa-related headwinds on its business [2].

The Stock Declines as the Truth Is Revealed

On February 25, 2025, Flywire announced that its business in the education sector had significantly deteriorated due to worsening permit- and visa-related headwinds. This included "double-digit declines in student visa issuance in our big four geographic markets," with "continued visa policy restrictions" anticipated in 2025. Following this announcement, the price of Flywire stock declined roughly 37%, from $17.64 per share on February 25, 2025, to $11.05 per share on February 26, 2025 [2].

What Can You Do?

If you invested in Flywire, you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, meaning there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses [1].

Reference List:

[1] https://www.globenewswire.com/news-release/2025/08/11/3130881/0/en/FLYW-COURT-NOTICE-Flywire-Corporation-Investors-may-have-been-Affected-by-Fraud-Contact-BFA-Law-before-September-23-if-You-Suffered-Losses-NASDAQ-FLYW.html

[2] https://www.globenewswire.com/news-release/2025/08/09/3130454/0/en/FLYW-NEWS-Did-Flywire-Corporation-Mislead-Investors-Contact-BFA-Law-by-September-23-Class-Action-Deadline-NASDAQ-FLYW.html