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Stock impact report

UL Solutions Inc. Files Lawsuit Against Fly-E Group, Inc. to Protect Trusted Safety Mark

UL Solutions Inc. Class A (ULS) 
Company Research Source: Business Wire
The electric vehicle company and its subsidiaries are accused of counterfeiting, federal trademark infringement and deceptive business practices NORTHBROOK, Ill.--(BUSINESS WIRE)--UL Solutions Inc. (NYSE: ULS), a global leader in applied safety science, has filed a lawsuit against Fly-E Group, Inc. (NYSE: FLYE), its subsidiaries – including Fly E-Bike, FlyBwy, and FlyCycle – and several executives for allegedly counterfeiting the UL Mark to falsely advertise their entire line of e-bikes, e-scooters and e-motorcycles as UL Certified when they did not undergo the company’s product testing.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250313314816/en/Example of the UL Mark that can be found on a UL Certified e-bike (Photo: Business Wire)The complaint alleges that Fly-E Group’s unauthorized use of the iconic UL Mark – which is a well-known symbol of safety and trust around the world – was aimed to deceive consumers into bel Show less Read more
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