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Allegations
The filed complaint alleges that Flywire Corporation made materially 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.