Flywire, Lockheed Martin, Lineage, Sable Offshore face class-action lawsuits.
ByAinvest
Wednesday, Sep 3, 2025 8:20 am ET2min read
FLYW--
The complaint, filed by Pomerantz LLP and Bronstein, Gewirtz & Grossman, LLC, alleges that Flywire and certain of its top officials made false and misleading statements about the company's business, operations, and prospects during the class period. Specifically, the complaint claims that Flywire overstated the strength and sustainability of its revenue growth and understated the negative impact of permit and visa-related restrictions on its business [1].
Flywire's Chief Executive Officer, Michael Massaro, and Chief Financial Officer, Cosmin Pitigoi, are among the defendants named in the lawsuit. The complaint also alleges that the company's financial results for the fourth quarter of 2024 and the full year of 2024 were significantly worse than expected, with revenue falling short of analyst estimates and a loss per share of $0.12 [1].
Following the disclosure of these results, Flywire's stock price fell by 37.36% on February 26, 2025, closing at $11.05 per share. Multiple analysts also downgraded their recommendations on Flywire and cut their price targets, citing the poor financial results and the unexpected revenue growth forecast for 2025 [1].
Investors who purchased Flywire securities during the class period have until September 23, 2025, to ask the court to appoint them as lead plaintiffs for the class. Those who wish to join the class action can visit the Pomerantz LLP website or contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980 [1].
Flywire operates as a payments-enablement and software company, with a significant portion of its revenue coming from the education sector. The company's business in this sector has been adversely affected by permit and visa-related restrictions in Canada and Australia, which have led to a reduction in international student enrollment and payment flows [1].
The lawsuit against Flywire comes at a time when the company is facing significant headwinds in its education sector business. However, it is important to note that Lockheed Martin Corp, Lineage Inc., and Sable Offshore Corp are not mentioned in the lawsuit and are not directly affected by these developments [1].
References:
[1] https://www.morningstar.com/news/globe-newswire/9519951/pomerantz-law-firm-announces-the-filing-of-a-class-action-against-flywire-corporation-and-certain-officers-flyw
[2] https://www.morningstar.com/news/globe-newswire/9521230/flyw-investor-alert-bronstein-gewirtz-grossman-llc-announces-that-flywire-corporation-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit
• Flywire Corp faces class-action lawsuit over revenue growth and permit restrictions. • Lockheed Martin Corp not mentioned in lawsuit. • Lineage Inc. not mentioned in lawsuit. • Sable Offshore Corp not mentioned in lawsuit. • Investors must petition court by September 23, 2025 to serve as lead plaintiff.
Flywire Corporation (NASDAQ: FLYW) is facing a class-action lawsuit alleging that the company made materially false and misleading statements regarding its revenue growth and the impact of permit and visa restrictions on its business. The lawsuit was filed in the United States District Court for the Eastern District of New York on September 1, 2025, and is seeking to recover damages for investors who purchased Flywire securities between February 28, 2024, and February 25, 2025 [1].The complaint, filed by Pomerantz LLP and Bronstein, Gewirtz & Grossman, LLC, alleges that Flywire and certain of its top officials made false and misleading statements about the company's business, operations, and prospects during the class period. Specifically, the complaint claims that Flywire overstated the strength and sustainability of its revenue growth and understated the negative impact of permit and visa-related restrictions on its business [1].
Flywire's Chief Executive Officer, Michael Massaro, and Chief Financial Officer, Cosmin Pitigoi, are among the defendants named in the lawsuit. The complaint also alleges that the company's financial results for the fourth quarter of 2024 and the full year of 2024 were significantly worse than expected, with revenue falling short of analyst estimates and a loss per share of $0.12 [1].
Following the disclosure of these results, Flywire's stock price fell by 37.36% on February 26, 2025, closing at $11.05 per share. Multiple analysts also downgraded their recommendations on Flywire and cut their price targets, citing the poor financial results and the unexpected revenue growth forecast for 2025 [1].
Investors who purchased Flywire securities during the class period have until September 23, 2025, to ask the court to appoint them as lead plaintiffs for the class. Those who wish to join the class action can visit the Pomerantz LLP website or contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980 [1].
Flywire operates as a payments-enablement and software company, with a significant portion of its revenue coming from the education sector. The company's business in this sector has been adversely affected by permit and visa-related restrictions in Canada and Australia, which have led to a reduction in international student enrollment and payment flows [1].
The lawsuit against Flywire comes at a time when the company is facing significant headwinds in its education sector business. However, it is important to note that Lockheed Martin Corp, Lineage Inc., and Sable Offshore Corp are not mentioned in the lawsuit and are not directly affected by these developments [1].
References:
[1] https://www.morningstar.com/news/globe-newswire/9519951/pomerantz-law-firm-announces-the-filing-of-a-class-action-against-flywire-corporation-and-certain-officers-flyw
[2] https://www.morningstar.com/news/globe-newswire/9521230/flyw-investor-alert-bronstein-gewirtz-grossman-llc-announces-that-flywire-corporation-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit
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