San Diego, CA -- (SBWire) -- 02/22/2023 --An investigation was announced concerning potential breaches of fiduciary duties by certain directors of Bird Global, Inc.
Investors who are current long term investors in Bird Global, Inc. (NYSE: BRDS) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: BRDS stocks follows a lawsuit filed against Bird Global, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: BRDS stocks, concerns whether certain Bird Global, Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants made materially false and/or misleading statements and/or failed to disclose that Bird was improperly recording Sharing Revenue for certain trips by its customers where collection was not probable, that as such, Bird overstated its Sharing Revenue for the relevant quarters and fiscal year between May 14, 2021 and November 14, 2022, that Bird failed to disclose that its internal controls were not effective as they relate to calculating Sharing Revenue recognition, that as a result, Bird would need to restate its previously disclosed Sharing Revenue, and that as a result, Defendants' public statements were materially false and misleading at all relevant times.
Those who purchased shares of Bird Global, Inc. (NYSE: BRDS) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Investigation Announced for Long-Term Investors in Shares of Bird Global, Inc. (NYSE:BRDS) over Potential Wrongdoing
An investigation on behalf of current long term investors in Bird Global, Inc. (NYSE:BRDS) shares over possible breaches of fiduciary duty by certain officers and directors was announced.