Kahn Swick & Foti, LLC Issues Reminder in Flywire Securities Lawsuit
Kahn Swick & Foti, LLC (“KSF”), together with KSF partner and former Louisiana Attorney General Charles C. Foti, Jr., has issued a reminder to investors of the upcoming September 23, 2025 deadline to petition the Court for appointment as lead plaintiff in the securities class action lawsuit filed against Flywire Corporation (NasdaqGS: FLYW).
The following day, Flywire’s stock price declined sharply, falling $6.59 per share, or 37.36%, to close at $11.05 on February 26, 2025.
The complaint alleges that Flywire and certain of its executives failed to disclose material information to investors in violation of federal securities laws.
On February 25, 2025, the company announced its fourth quarter and full year 2024 financial results, reporting a loss per share of $0.12 missing analyst expectations by the same amount and revenue of $117.6 million, which also fell short of consensus estimates.
Flywire attributed the results to “a complex macro environment with significant headwinds” and disclosed that it would undertake a strategic business review, implement efficiency measures, and restructure operations steps that included reducing its workforce by approximately 10%.
The litigation, pending before the United States District Court for the Eastern District of New York, concerns purchases of Flywire securities made between February 28, 2024 and February 25, 2025 (the “Class Period”).
Investors who purchased shares during the Class Period and wish to discuss their rights or potential recovery may contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850, via email at lewis.kahn@ksfcounsel.com, or by visiting Kahn Swick & Foti, LLC website.
Serving as lead plaintiff is not required to share in any potential recovery, but investors must move the Court no later than September 23, 2025 to be considered for appointment.
Flywire Corporation (NasdaqGS: FLYW) is a global payments enablement and software company headquartered in Boston, Massachusetts. Founded in 2009, Flywire provides digital payment solutions across sectors including education, healthcare, travel, and business-to-business transactions. With clients in more than 30 countries, the company helps organizations securely collect and process cross-border and domestic payments while improving efficiency and reducing costs.
Kahn Swick & Foti, LLC (KSF) is a leading U.S. law firm focusing on securities litigation, shareholder rights, and corporate governance. Based in New Orleans, KSF represents institutional and individual investors nationwide, pursuing cases that hold corporations accountable for securities fraud and breaches of fiduciary duty. The firm is led by Managing Partner Lewis Kahn and includes former Louisiana Attorney General Charles C. Foti, Jr., bringing decades of legal and regulatory experience to complex class action matters.
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