Kahn Swick & Foti, LLC (KSF), spearheaded by former Louisiana Attorney General Charles C. Foti, Jr., has issued an important reminder concerning the securities class action lawsuit against Flywire Corporation (NasdaqGS: FLYW). Investors have until September 23, 2025, to petition the court for appointment as lead plaintiff. The lawsuit pertains to purchases of Flywire securities between February 28, 2024, and February 25, 2025.

The legal action was triggered by significant financial discrepancies reported by Flywire. On February 25, 2025, the company disclosed disappointing financial outcomes for Q4 and the full year of 2024, including a loss per share of $0.12, which did not meet analyst expectations, and revenue that fell short of forecasts at $117.6 million. The announcement led to a sharp $6.59 per share decline in Flywire's stock price the following day, a drop of 37.36%, closing at $11.05.

Flywire attributed these underwhelming results to "a complex macro environment with significant headwinds." In response, the company announced a strategic business review and operational restructuring, which included cutting its workforce by approximately 10%.

The lawsuit claims that Flywire and certain executives failed to disclose essential information to investors, breaching federal securities laws. This litigation is currently pending in the United States District Court for the Eastern District of New York.

Investors who acquired shares during the Class Period and wish to discuss their rights or potential recovery can contact KSF Managing Partner Lewis Kahn at 1-877-515-1850, via email at [email protected], or visit the Kahn Swick & Foti, LLC website. While serving as lead plaintiff is not mandatory for participation in any potential recovery, interested parties must move the court by the specified September deadline to be considered for appointment.

Flywire Corporation, headquartered in Boston, Massachusetts, is a global leader in payment enablement and software, providing solutions across various sectors such as education, healthcare, travel, and business-to-business transactions. Kahn Swick & Foti, LLC, based in New Orleans, is a prominent U.S. law firm specializing in securities litigation, shareholder rights, and corporate governance, dedicated to holding corporations accountable for securities fraud and breaches of fiduciary duty.