Flywire sued for securities fraud, investors seek damages.

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 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. Flywire operates as a payments-enablement and software company, with its largest client vertical in education.

Leading securities law firm Bleichmar Fonti & Auld LLP has filed a lawsuit against Flywire Corporation (NASDAQ: FLYW) and 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 on behalf of investors who purchased Flywire securities [1].

Flywire operates as a payments-enablement and software company, with its largest client vertical being the education sector. The company's revenues and growth heavily rely on international enrollments and student school preferences. In late 2023 and early 2024, the Canadian and Australian governments tightened student visa and permitting rules, which Flywire failed to adequately disclose in its financial reports [2].

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. On February 25, 2025, Flywire announced significant deterioration in its education sector business due to worsening permit- and visa-related headwinds. This revelation led to a sharp decline in the company's stock price, falling from $17.64 per share to $11.05 per share in a single day [1].

Investors who suffered losses during the specified period are encouraged to submit their information to Bleichmar Fonti & Auld LLP. The firm offers representation on a contingency fee basis, meaning there is no cost to investors. The firm will seek court approval for any potential fees and expenses [1].

Flywire Corporation faces significant challenges ahead, with the lawsuit potentially leading to substantial damages and reputational harm. Investors are advised to stay informed about the developments and consult with legal professionals if they believe they have been affected by the alleged securities fraud.

References:
[1] https://www.globenewswire.com/news-release/2025/08/19/3135710/0/en/FLYW-SECURITIES-Flywire-Corporation-Shareholders-that-Lost-Money-may-have-been-Affected-by-Fraud-Contact-BFA-Law-before-the-Class-Action-Deadline-NASDAQ-FLYW.html
[2] https://www.morningstar.com/news/globe-newswire/9513493/flyw-loss-alert-flywire-corporation-investors-with-losses-are-reminded-of-the-september-23-class-action-deadline-contact-bfa-law-nasdaqflyw