UL Solutions (ULS) Files Lawsuit Against Fly-E Group (FLYE)

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.

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 believing that its e-mobility devices were tested and certified by UL Solutions. The company is seeking a permanent injunction against the defendants from any further unauthorized use of the UL Solutions trademarks, statutory damages and punitive damages for intentional infringement and reckless disregard for consumer and public safety.

The UL Mark has been used since at least 1937 and appears on billions of products signifying that a product has been certified to meet thorough scientific safety, performance or security standards.

Within the complaint, Fly-E Group has also been accused of:

• Engaging in federal trademark infringement and counterfeiting.
• Using false and misleading descriptions and representations in violation of the Trademark Act of 1946.
• Engaging in unfair competition in violation of New York common law.
• Engaging in unjust enrichment.
• Engaging in deceptive trade practices in violation of the New York Deceptive Trade Practices Act.

For the issues raised in the complaint, UL Solutions is seeking a trial by jury.

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