San Diego, CA -- (SBWIRE) -- 08/16/2023 -- An investigation was announced for long-term investors in shares of Allbirds, Inc. (NASDAQ: BIRD) concerning potential breaches of fiduciary duties by certain directors of Allbirds, Inc.

Investors who are current long term investors in Allbirds, Inc. (NASDAQ: BIRD) 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 investors in NASDAQ: BIRD stocks follows a lawsuit filed against Allbirds, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: BIRD stocks, concerns whether certain Allbirds, Inc. officers and directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that the Defendants failed to disclose to investors that Allbirds, Inc. was overemphasizing products that extended beyond the Company's core offerings, that the Company's non-core products had a narrower appeal and were not resonating with customers as well as the Company's core products, that Allbirds, Inc. was underinvesting in its core consumers' favorite products to push the Company's newer products with narrower appeal, that underinvesting in Allbirds' core products was negatively impacting the Company's sales, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of Allbirds, Inc. (NASDAQ: BIRD) 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.