Flywire Corporation investors sue for alleged securities fraud.

• Flywire Corporation investors sue over alleged securities fraud • Lawsuit alleges false statements and concealment of revenue growth • Negative impact of permit and visa restrictions understated • Filed complaint seeks to recover losses for affected investors

Flywire Corporation investors have filed a lawsuit alleging securities fraud, with claims that the company made false statements and concealed revenue growth. The suit, filed in the U.S. District Court for the Eastern District of New York, is captioned Hickman v. Flywire Corp., et al., No. 1:25-cv-04110 [2].

According to the complaint, Flywire Corporation, which operates as a payments-enabling and software company, overstated the strength and sustainability of its revenue growth while downplaying the negative impacts of permit- and visa-related restrictions on its business. The company's largest client vertical is education, which relies heavily 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, which Flywire failed to adequately disclose [2].

The lawsuit alleges that Flywire's positive statements about the company's business, operations, and prospects were materially misleading and lacked a reasonable basis. On February 25, 2025, Flywire announced significant deterioration in its education sector business due to worsening permit- and visa-related headwinds, leading to a 37% decline in stock price from $17.64 per share to $11.05 per share [2].

Investors who purchased Flywire securities between February 28, 2024, and February 25, 2025, are encouraged to submit their information to the law firm representing the plaintiffs. The deadline to request appointment as lead plaintiff is September 23, 2025 [1]. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

The Rosen Law Firm, which represents investors in securities class actions, has also reminded investors of the importance of this deadline. They encourage investors to select qualified counsel with a proven track record in securities class actions [1]. Bleichmar Fonti & Auld LLP, another leading securities law firm, has also announced the lawsuit and encourages investors to submit their information [2].

References:
[1] https://www.prnewswire.com/news-releases/flyw-investors-have-opportunity-to-lead-flywire-corporation-securities-fraud-lawsuit-302532542.html
[2] https://www.morningstar.com/news/globe-newswire/9514253/flyw-securities-flywire-corporation-shareholders-that-lost-money-may-have-been-affected-by-fraud-contact-bfa-law-before-the-class-action-deadline-nasdaqflyw