GRABAR LAW OFFICE INVESTIGATES CLAIMS ON BEHALF OF FLYWIRE CORPORATION (NASDAQ: FLYW)
Grabar Law Office is investigating claims on behalf of shareholders of Flywire Corporation (NASDAQ: FLYW). The investigation concerns whether certain officers and directors breached the fiduciary duties they owed to the company.
Flywire Corporation, together with its subsidiaries, operates as a payments-enablement and software company in the U.S. and internationally. The Company’s payment platform and network, as well as its vertical-specific software, purportedly facilitate payments between clients and customers in a variety of industries.
Although Flywire has a wide range of clients across various verticals, its largest vertical is education, the volumes and revenue from which rely on international enrollments and student school preferences. Accordingly, Flywire’s business in the education industry is of particular importance to investors and analysts, especially the Company’s Americas market, consisting of the U.S. and Canada, as well as its Asia and Pacific region market.
As alleged in a recently filed securities fraud class action complaint, Flywire Corporation (NASDAQ: FLYW), through certain of its officers, consistently touted the sustainability of Flywire’s revenue growth and financial condition, while downplaying the anticipated negative impacts of permit- and visa-related headwinds on the Company’s business. The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the strength and sustainability of Flywire’s revenue growth was overstated; (ii) the negative impact that permit and visa-related restrictions were having and were likely to have on Flywire’s business was understated; and (iii) as a result, Defendants’ public statements were materially false and misleading at all relevant times.
WHAT YOU CAN DO NOW: If you purchased Flywire Corporation (NASDAQ: FLYW) shares prior to February 28, 2024, and still hold shares today, you are encouraged to contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085. You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever.  If, alternatively, you purchased your shares between February 28, 2024, and February 25, 2025, you can participate in the class action.