NasdaqGS:FLYWDiversified Financial
Lawsuits Over Revenue Disclosures Might Change The Case For Investing In Flywire (FLYW)
Earlier this year, multiple law firms filed class action lawsuits against Flywire Corporation following its disclosure of disappointing financial results, lowered revenue guidance, and restructuring plans that included a workforce reduction of about 10%.
A unique aspect of these lawsuits is the accusation that Flywire understated the negative business impacts of international permit and visa restrictions, especially in key education markets such as Canada and Australia.
We'll now examine how...