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Investors of Flywire Corporation (FLYW) prompted to explore securities fraud legal action due to encouragement from the Law Offices of Frank R. Cruz

Lawsuit Filed: Investors accused of Frank R. Cruz's Law Offices over alleged securities fraud in purchases

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Investors of Flywire Corporation (FLYW) are encouraged by Law Offices of Frank R. Cruz to inquire...
Investors of Flywire Corporation (FLYW) are encouraged by Law Offices of Frank R. Cruz to inquire about potential involvement in a Securities Fraud Class Action lawsuit.

In a recent development, a class action lawsuit has been filed against Flywire Corporation (FLYW) for the period between February 28, 2024, and February 25, 2025. The lawsuit alleges that the company and its officers made materially false and/or misleading statements, and failed to disclose material adverse information about the business.

The lawsuit points to a significant event on February 25, 2025, when Flywire reported its fourth quarter and fiscal year 2024 financial results. The results missed consensus estimates, with a loss per share of $0.12 and revenue of $117.6 million, below estimates by $1.25 million. The CFO disclosed that revenue in the Canadian and Australian markets was expected to decline over 30% year-over-year due to new visa policies, with similar headwinds in the U.S. market. This disclosure led to a stock price drop of over 37%.

The allegations in the lawsuit include overstatement of the strength and sustainability of Flywire's revenue growth, and understatement of the negative impact of permit- and visa-related restrictions on the company's business operations and prospects. As a result, public statements made throughout the class period were misleading.

The lawsuit is brought on behalf of all persons and entities who purchased Flywire securities during this class period, seeking damages for violations of federal securities laws due to misleading statements about Flywire’s business, operations, and financial outlook.

Shareholders who suffered a loss on their Flywire Corporation (FLYW) investments are encouraged to register for the class action before the deadline of September 23, 2025.

For more information about the lawsuit, purchasing Flywire securities, and rights or interests related to the matter, investors can contact The Law Offices of Frank R. Cruz by email at [email protected], by telephone at (310) 914-5007, or visit their website at www.frankcruzlaw.com.

Contact details for The Law Offices of Frank R. Cruz are:

  • 2121 Avenue of the Stars, Suite 800
  • Telephone: 310-914-5007
  • Email: [email protected]
  • Website: www.frankcruzlaw.com

This press release may be considered Attorney Advertising in certain jurisdictions.

[1] Flywire Corporation (FLYW) Reports Fourth Quarter 2024 Financial Results - Business Wire (25 February 2025) [2] Flywire Corporation (FLYW) Stock Price Falls 37.4% After Earnings Miss - Yahoo Finance (26 February 2025) [3] Flywire Corporation (FLYW) Class Action Lawsuit: What You Should Know - Nasdaq (26 February 2025) [4] Flywire Corporation (FLYW) Stock Plunges 37% After Missing Q4 Earnings Estimates - The Motley Fool (26 February 2025) [5] Flywire Corporation (FLYW) Class Action Lawsuit: Investors Suffer Losses - StreetInsider (26 February 2025)

  1. The lawsuit upon Flywire Corporation (FLYW) alleges that the company misrepresented the strength of its revenue growth and failed to disclose the negative impact of immigration policies, which led to significant financial losses for investors who purchased Flywire securities during the class period.
  2. The recent lawsuit against Flywire Corporation (FLYW) has brought light to concerns in the cloud finance and investing sectors, as it involves allegations of material falsehoods and omissions about the company's business operations and financial outlook that may have impacted investors' decisions.

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