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Flywire Corporation faces class action securities lawsuit over alleged fraud.
ByAinvest
Tuesday, Aug 26, 2025 8:55 am ET1min read
• Flywire Corp. investors sue for alleged securities fraud. • Lawsuit seeks to recover losses between Feb. 28, 2024 and Feb. 25, 2025. • Flywire allegedly overstated revenue growth and concealed visa restrictions impact. • Investors can contact Levi & Korsinsky for more information and to join the lawsuit.
Flywire Corporation (NASDAQ: FLYW) investors have filed a securities fraud lawsuit, seeking to recover losses incurred between February 28, 2024, and February 25, 2025. The lawsuit alleges that Flywire overstated its revenue growth and concealed the negative impact of visa restrictions on its business [1].The complaint, filed by the Law Offices of Frank R. Cruz, claims that Flywire's officers and directors made materially misleading statements about the company's financial condition and business prospects. Specifically, the lawsuit alleges that Flywire overstated its revenue growth and understated the impact of visa-related restrictions on its business operations [1].
Investors who suffered losses due to these alleged misrepresentations are encouraged to contact the Law Offices of Frank R. Cruz to participate in the lawsuit. The deadline for investors to join the class action is September 23, 2025 [1].
In addition to the Flywire lawsuit, Grabar Law Office is investigating claims on behalf of shareholders of Flywire, Ibotta, Inc., SelectQuote, Inc., and Semtech Corporation. The investigations concern whether certain officers and directors breached their fiduciary duties, including alleged securities fraud and violations of the False Claims Act [2].
References:
[1] https://www.morningstar.com/news/pr-newswire/20250822la56891/flywire-corporation-flyw-investors-who-lost-money-have-opportunity-to-lead-securities-fraud-lawsuit
[2] https://www.morningstar.com/news/globe-newswire/9518250/important-notice-for-long-term-shareholders-of-flywire-corporation-nasdaq-flyw-ibotta-inc-nyse-ibta-selectquote-inc-nyse-slqt-and-semtech-corporation-nasdaq-smtc-grabar-law-office-is-investigating-claims-on-your-behalf
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